Hillary’s Scary New Cash Tax
By Tyler Durden
Submitted by Brian Hunt via InternationalMan.com,
Have you heard of “negative interest rates”?
It’s become a phenomenon with economists and the media.
There’s a good chance you’ve read an article about it. We’ve covered it many times in the Dispatch.
I’m writing to tell you something about negative interest rates you haven’t heard. You certainly won’t hear about it in the mainstream press.
What’s coming at you is a historic event. It’s something our grandchildren will hear stories about…much like the Great Depression or the Cold War.
What’s coming could send the price of gold much higher in the coming years…and hand gold stock owners 500%+ gains.
If you know what’s coming, it could mean the difference between having lots of free cash in retirement or barely getting by.
To understand the gravity of this moment, let’s cover one of the most bizarre ideas in the world…
negative interest rates.
In a normal world, your bank pays you interest on your savings. It takes your money, pools it with other people’s money and loans it out.
The bank makes money by paying out less in interest on your deposit than it earns in interest from borrowers.
For example, it might pay out 3% to depositors while earning 6% from borrowers.
This is how it has worked for decades.
Negative interest rates turn your “normal” bank account upside down.
Negative interest rates could only exist in a crazy world where idiot politicians are in control.
Unfortunately, that’s just what we’re dealing with right now.
Politicians all over the world are ordering banks to charge depositors (you) a fee for storing cash.
It’s a perversion of saving. It’s a perversion of capitalism. It’s a perversion of planning for the future.
And it’s going to result in disaster.
Politicians think that by making it unattractive for you to keep money in the bank, you’ll save less money. Instead, you’ll spend more money on things like smartphones and cars. You’ll invest in things like stocks and real estate.
This would “stimulate” the economy.
This thinking is very, very wrong. No matter what the government does, it can’t force you to spend money. It can’t force you to make investments if you don’t see good opportunities.
Forcing people to pay banks to hold their money is a tax. It is wealth confiscation for the digital age.
The government and the mainstream press won’t dare call it a tax.
But that’s exactly what it is.
A negative interest rate policy is a tax.
Any time you hear a politician, central banker or news anchor say “negative interest rates,” just think “TAX.”
Think “TAX ON MY CASH.”
I’ll say it again: negative interest rates are going to result in financial disaster.
The coming disaster will wipe out many people.
But you don’t have to be one them.
I’ll explain how you can sidestep this disaster—and even make a lot of money as a result of it—in a moment.
But let’s quickly cover one more …read more
Source: Hillary’s Scary New Cash Tax
