Sunday, September 4, 2016

Negative Rates & The War On Cash, Part 1: "There Is Nowhere To Go But Down"

http://www.zerohedge.com/news/2016-09-04/negative-rates-war-cash-part-1-there-nowhere-go-down

As momentum builds in the developing deflationary spiral, we are seeing increasingly desperate measures to keep the global credit ponzi scheme from its inevitable conclusion. Credit bubbles are dynamic - they must grow continually or implode - hence they require ever more money to be lent into existence. As the peak of a credit bubble is reached, all these necessary factors first become problematic and then cease to be available at all. Past a certain point, there are hard limits to financial expansions, and the global economy is set to hit one imminently.

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