Heise Says
#USA #Economy #Recession President Trump is calling for negative interest rates. A random tweet or a sign of the true state of the US economy? References Donald Trump urges Fed ‘boneheads’ to cut interest rates to negative; ASX to risehttps://www.abc.net.au/news/2019-09-12/donald-trump-boneheads-federal-reserve-cut-rates-negative/11504310?section=business
#Banking #Finance #FractionalReserveBanking Let’s look at the concept of Fractional Reserve Banking before we look at the even scarier Capital Regulations for banking in Australia. References Fractional Reserve Banking https://www.investopedia.com/terms/f/fractionalreservebanking.asp
#NegativeInterestRate #IMF #Finance Attempts are being made to normalise the concept of negative interest rates without challenging some of the issues surrounding fractional reserve banking. References The Non-Weirdness of Negative Interest Rates https://www.bloomberg.com/news/articles/2019-08-08/the-non-weirdness-of-negative-interest-rates
#NegativeInterestRates #Recession #Australia The prospect of Deeply Negative Interest Rates is becoming a reality with a highly cashless society. Let’s re-look at a recent IMF blog post about this issue to help raise awareness of every Monetarist dream. References Currency (Restrictions on the Use of Cash) Bill 2019 https://www.treasury.gov.au/consultation/c2019-t395788 SIT Black Money Report: Here are […]