Friday, February 13, 2015

Sweden cuts interests rates to below zero

Imagine owing less money on a loan than you borrowed before you had to pay any of it back.

That's what's happened in Sweden, where interest rates charged by the central bank to commercial banks is now in negative territory.

And Sweden's not the first to go this route.

Once was a time, stuff like this would have registered in mainstream media and generated lots of water cooler conversations.

Now, it comes on so fast and so often, it scarcely gets acknowledged.

The world is living a lifestyle beyond what real economies can support. And it's using any gimmick available to prolong illusioins, and avoid the necessary corrections.

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