Another $75 Billion Liquidity Drop
Posted 21 September 2019 - 03:12 PM
negative interest rates are a problem. I'm afraid.
gold will go new ATH in dollars too as it has in many other currencies.
Most don't realize that GOLD is already at all time highs in all currency's except the swiss frank I believe, Or it is ALMOST all.... I still think gold corrects to 1450-60 in a few weeks... Then Bull continues. No trade though I don't trust my opinion that much
Posted 22 September 2019 - 01:41 PM
Danes have now spent seven years with rates below zero -- a world record -- and Dam at Jyske says he’s bracing for another eight.
Denmark’s second-largest listed lender, said it had no choice but to impose negative rates on all private customers with 750,000 ($110,000) or more.
Denmark is about to become a test case for what happens when banks start charging a lot of customers to store their money.
That’s because one of the country’s biggest banking groups just changed the rules of the game, by removing the floodgate that had shielded most retail depositors. Until Friday, only people with roughly $1 million in surplus cash at their banks were facing a negative rate. Now, the threshold has been reduced to just over $100,000, with no guarantee it won’t go lower.
BIGGEST SCIENCE SCANDAL EVER...Official records systematically 'adjusted'.