NIRP, Cash Bans and Wealth Taxes Are Coming to the US
If you’re looking for a template for what’s coming to the US during the next crisis, Europe is the place to start.
Europe has already imposed cash grabs via Negative Interest Rate Policy (NIRP). That’s where banks CHARGE you for the right to keep your money.
Europe is also where ATMs and banks have limited cash withdrawals, so people who try to avoid paying the interest caused by NIRP face obstacle after obstacle as they try to get their money out.
Europe is also where regulators seized over 50% of deposits over a certain amount in order to prop up a failing bank. It’s called a “Bail-In” but it was abject theft.
If you think these things aren’t coming to the US, you’re mistaken. As I detail out in my best-selling book The Everything Bubble: The Endgame For Central Bank Policy the political elite have already been looking into ways to implement ALL of these strategies.
And if you think this will only be targeted at the very wealthy, consider that the IMF has already proposed a 10% wealth tax on NET wealth for everyone.
