IMF: Plan to Get Rid of Cash and Introduce Negative Interest Rates

[Anonymous No.13402884]

https://blogs.imf.org/2019/02/05/cashing-in-how-to-make-negative-interest-rates-work/

[Anonymous No.13402914]

>>13402884
Good, NIR is way better than most current social measures.

[Anonymous No.13402919]

>>13402884
> Gold
> Crypto
The new billionaires

[Anonymous No.13402942]

How can the government cancel my money when I barely get paid anything to begin with?

[Anonymous No.13402973]

>>13402884
>negative interest rates
Does this mean the bank pays me for taking out a mortgage on a house?

[Anonymous No.13402980]

hello

[Anonymous No.13402984]

>>13402884
>this is good for crypto

[Anonymous No.13403001]

>>13402973
https://www.investopedia.com/terms/n/negative-interest-rate-policy-nirp.asp

3 minute read

[Anonymous No.13403005]

They've been working on this for a while. Crypto is part of the strategy to impose these penalties, which is why Congress made the IRS take their boots off of crypto's neck for the moment.

[Anonymous No.13403030]

>>13402973
No, the bankers will make money tho

[Anonymous No.13403046]

>>13403001
this is actually unironically good for crypto.

[Anonymous No.13403067]

>>13402942
>How can the government cancel my money when I barely get paid anything to begin with?

congrats on getting redpilled

[Anonymous No.13403068]

Interest rates are a meme, they are basically zero across the world anyways. Inflation is already a tax on currency holders, that should be enough to incentivize spending (and if it isnt, what's the point of inflationary fiat currency?)

[Anonymous No.13403216]

Linked paper was interesting. I think it's an interesting thought experiment to basically have a cash and crypto side of the same coin, with government tweaking the exchange rate between the two. I don't see this ever working out in practice.

[Anonymous No.13404118]

>>13403216

I could see it working as RFID chips get smaller, but you'd have to embed actual crypto into the cash. There'd be a cottage black market industry for separating the two though.

[Anonymous No.13404656]

>>13402884
>accepting payment in negative interest rate currencies
shiggydiggy anons.

[Anonymous No.13404700]

>>13404656

Ah, but here's the trick. If they tax your unrealized capital gains and the currencies that aren't negative interest rate or hit with an excessive exchange fee are considered an investment that is, say, regulated by the CFTC then you're fucked.