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Best Web OpEds 9/7/2015 at 4:20 AM EDT H3'ed 9/7/15

How Will Negative Interest Rates Change the Rules of the Game?

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Negative Interest Rates

Negative Interest Rates
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Interest rates have turned negative in several EU countries. "JPMorgan Chase forbade some customers from storing cash in safe deposit boxes. Swiss banks refused to allow pension funds to withdraw large amounts of cash from their accounts. Danish legislators proposed a law allowing shops to refuse to accept cash payments. Australia imposed a 0.05% tax on some bank deposits. And France cut the legal limit on cash payments from 3,000 euros to 1,000 euros."

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Scott Baker Social Media Pages:

Scott Baker is a Managing Editor & The Economics Editor at Opednews, and a former blogger for Huffington Post, Daily Kos, and Global Economic Intersection.

His anthology of updated Opednews articles "America is Not Broke" was published by Tayen Lane Publishing (March, 2015) and may be found here:
http://www.americaisnotbroke.net/

Scott is a former and current President of Common Ground-NY (http://commongroundnyc.org/), a Geoist/Georgist activist group. He has written dozens of (more...)

Related Topic(s): Banks; Debt Consumer; Debt Monetary System; Debt-free Currency; Economy Built On Debt; Euro; National Debt Interest, Add Tags

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"Rob explores the difference between a natural, organic, bottom-up connection consciousness and our corporately imposed top-down hierarchical collective consciousness. What Rob is speaking about is the difference between an artificial and ultimately stagnate way of organizing the world and a natural, organic growth, which starts with a seed, sends downs roots and sends up shoots which blossom. By returning to a Nature-based theory of connection, the Bottom-Up revolution brings us back into alignment with Earth's laws, returning humanity to its place in creation. Like a good gardener, Rob works into the soil of his thesis different voices that exemplify how this Bottom-Up revolution is expanding in politics, business, religion, personal self-awareness and story. And he places technology where it belongs""as a tool to further our connection consciousness, not an end in itself. The bottom-up revolution is about democracy finally living up to its original ideals, where we the people decide what we need from our society."

Cathy Pagano, author of Wisdom’s Daughters: How Women Can Change the World

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