We’ve had two epic market collapses in the last 15 years. In response, the Fed desperately tried to prop up the markets by severely cutting interest rates. Cutting rates to zero badly devalued the U.S. currency, sent us spiraling into record debt, and killed savers by lowering the savings rate to zero. But with the global economy still on terribly shaky ground and interest rates already at zero, do the gov’t & banks have any ammo left? Shockingly, yes.
Central banks already have plans to impose negative interest rates – in other words, you get taxed on your savings! And in order to prevent you and me from storing our money in cash and avoiding the savings tax, the gov’t & banks advance toward the real end game: abolish cash altogether and force us all into the digital world controlled by the gov’t & banks. Luckily, there’s still one way to escape the tyranny.