Being forced (a crucial word, as negative interest rates are only superficially voluntary) to pay high fees to preserve your retirement savings & your children's tuition money may not be weird, but it is a noxious 3rd World recipe for decent into or remaining mired in poverty.https://twitter.com/M_C_Klein/status/1160696949395247104 …
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did he forget to mention that government forces the pension funds to buy its negative-yield bonds? who could have thought...
Also forgot to mention that central banks are conjuring money out of thin air to buy them, and that to extend the policy the holding of cash has to be restricted. (Idiotic anecdotes about the supposed cost of drug dealers holding small bills in the tropics notwithstanding).
