NIRP is a scheme to incentivize people in parting ways with their savings, and for what? To keep the markets inflating through increased consumer spending and risk-taking.
They are think they can fight demographic decline with inflation, but it only masks the problem and in the end may make the resulting economic decline worse.
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True.NIRP socializes the problems and losses in the economy by artificially pushing people in taking part in markets to beat inflation and/or dodge NIRP. When it all goes wrong:less savings & ever lower purchasing power that declines even more in QE by the central banks. A scam.
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"Socializes" in this case meaning "raids pension funds."
End of conversation
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