MINUS 10 percent interest rates 
nothing to add here...https://www.imf.org/en/Publications/WP/Issues/2019/04/29/Enabling-Deep-Negative-Rates-A-Guide-46598 …
Greek financial crisis policies for the entire world! Haircuts on bank accounts (rebranded as "deep negative interest rates") and "rental fees" (or bans on!) paper money.
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Because most of the major banks (at least in EUrope) are bankrupt. The slightest rise in interest rates would start a domino effect of big banks falling down.
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The centrally planned manipulation of the yield curve has lead to less and less interest rate earnings (which constitutes for 80% on average of European banks) for banks.
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First done in Cyprus, then became EU policy?
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We all know what happened to BTC during the Cypriot banking crisis.
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Exactly why I'll never forget it!
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Lunatic criminals.
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Hold your breath, we’re going underwater.
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If there was ever a push for the people to move / onboard to crypto... Negative yields and haircuts will do that.
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And thanks to people like you Nick, we now have a way to escape the clutches of destruction by utilising Bitcoin. Thank you mate.
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in the other hand this was the main reason for many greeks to find out Bitcoin back in 2015.
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Our freedoms to move through society, and to voluntarily trade with other humans, is eroding at an exponential rate. Sadly, those doing the eroding, are too clueless to understand that the chains they are making, will be used to bind themselves and their offspring.
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Is the U.S. dollar = Petrodollar = Too Big Too Fail?https://www.investopedia.com/articles/forex/072915/how-petrodollars-affect-us-dollar.asp …
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0% rates are failed policy, Negative rates are an indication of insanity. This is how capitalism dies.
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How does one "game out" policies which are so antithetical to most of human history. The design rather than being anti-fragile, embraces the fragile with unknown outcomes. It is Pandora's box paraded as economic policy.
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In such a scheme, cash would need to be eliminated to prevent leakage. But wouldn't every transaction need to be permissioned. Every opportunity for leakage would need to be eliminated, creating friction. Or the converse endless Velocity in the quest for a safe harbor holding.
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