Hillary’s Scary New Cash Tax
Have you heard of “negative interest rates”?
It’s become a phenomenon with economists and the media.
There’s a good chance you’ve read an article about it. We’ve covered it many times in the Dispatch.
I’m writing to tell you something about negative interest rates you haven’t heard. You certainly won’t hear about it in the mainstream press.
What’s coming at you is a historic event. It’s something our grandchildren will hear stories about…much like the Great Depression or the Cold War.
What’s coming could send the price of gold much higher in the coming years…and hand gold stock owners 500%+ gains.
If you know what’s coming, it could mean the difference between having lots of free cash in retirement or barely getting by.
To understand the gravity of this moment, let’s cover one of the most bizarre ideas in the world…
negative interest rates.
In a normal world, your bank pays you interest on your savings. It takes your money, pools it with other people’s money and loans it out.
The bank makes money by paying out less in interest on your deposit than it earns in interest from borrowers.
For example, it might pay out 3% to depositors while earning 6% from borrowers.
This is how it has worked for decades.
Negative interest rates turn your “normal” bank account upside down.
Negative interest rates could only exist in a crazy world where idiot politicians are in control.
Unfortunately, that’s just what we’re dealing with right now.
Politicians all over the world are ordering banks to charge depositors(you) a fee for storing cash.
It’s a perversion of saving. It’s a perversion of capitalism. It’s a perversion of planning for the future.
And it’s going to result in disaster.
…click on the above link to read the rest of the article…
