What year do you consider digital centralisation? Switzerland had negative interest many years ago
Negative interest rates were unheard of in all of history until the current era of digital centralization, where what you think of as your assets are now just bits that some strangers can manipulate.https://twitter.com/BTCSchellingPt/status/1155592596854460416 …
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No strict beginning, but an early milestone was IBM accounting mainframes,1950s. Took many decades for these techniques to spread and even more for the power hungry and their macroeconomic brain stooges to figure how much more control over strangers' assets this gives them.
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There’s a reason why the war on cash is strong. Permanent negative interest rates are the next target.
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Yup, doesn't work quite as well when people can keep their cash instead of buying bonds that lose money.
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Thinking bout launching a private company to store money at a jaw dropping 0% rate
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The planners know that for deep negative interest rates to work they need to prevent you from doing that.
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Glad we have
@monero .. Thanks for the insights!
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If it isn't valuable, no harm done in giving it away. Negative interest rates would be insane (still is) with anything but fiat that is quickly reinflated to make one whole again. I'll give you money to borrow money because I'm going to print more anyway. Just keep buying stuff.
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They are just trail blazing a new paradigm for the greater good. What could possibly go wrong?
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Not pre-World War 3 IMO, or 2028. Neg Interest rates steal finance and tech from others. Tech far exceeds econ in high-tech conflict. In WWII, America was slow in part because we under invested into mecha. Now once again EU is leveraging peace, for power. End result is war.
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Same as quantitative easing.
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If u dont have time to your money your money can go with other.
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Negative interest rates will have fascinating consequences. E. g. nobody will want to own fiat and the price of shares, land and so on will go very high. The economic system will simply not be stable.
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"... bits that some strangers can manipulate." Heh.
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i know this is dumb but it actually breaks my heart knowing that everyday people won’t even care until it’s too late
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Well yes. If someone tells you your bank account is going into negative interest, then you buy a safe and keep your cash at home. Or buy bitcoin.
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