The financial crash is already happening and the central banks are visibly panicking, they are now resorting to negative interest rates for the first time!
They strongly believe that with this scheme, the middlemen lenders would be forced to lend more to their clients to spur economic growth. Otherwise, they will be charged for parking their money with the central bank.
Bank of Japan, in a Surprise, Adopts Negative Interest Rate for the First Time
As Japan’s economic doldrums have lingered, its leaders have tried a number of tricks over the years, from increasing government spending to flooding the financial system with cash.
With the global economy looking increasingly fragile…
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