When I grew up I was taught about the miracle of compound interest. The new generation will have to be taught about the anti-miracle of compound negative interest.https://twitter.com/maxkeiser/status/1155501079758626816 …
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Store your money in Uranium-- at least it only halves every 4 billion years
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x=ln(1/2)/ln(1-I/100) where I = absolute value of the negative interest percentage rate
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Basically, given the choice between $20 today and $10 tomorrow, I would prefer the $10 tomorrow. This is imaginary math and these macro-economic models are getting more absurd. The spreads for loans will get wider for borrowers and depositors will take their 'money' out.
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Just had a long conversation about carbon dating so this is quite relevant
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Hilarious and sad at the same time
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Rule of 72 also works in reverse, unfortunately
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