Added: Jun 8, 2014
http://usawatchdog.com/negative-inter… – Andy Hoffman of Miles Franklin warns the negative interest rates installed by the ECB last week signals big trouble. This is a major alarm bell for everyone and a major inflection point. Now, the central banks have dared go where even the Bank of Japan has not gone, which is to take rates to a negative level. You can’t go lower than negative. You go too negative, and people realize it doesn’t work, and people realize there is nothing left.”
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Tags: Andy Hoffman, Banking, Barack Obama, Bonds, Debt, ECB, Economy, EU, Europe, Federal Reserve, Global News, Gold, Government, LTRO, NIRP, Obama administration, Politics, Quantitative Easing, Silver, U.S.