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It’s Your Backyard Ventura County By George Miller JP Morgan Chase, the largest bank in the U.S., will be paying negative interest rates- yes you read that right- and banning cash, for many transactions. No, this is not the Twilight Zone- it is for real and it may be just the tip of the iceberg. The financial-savvy blog ZeroHedge wrote […]
Tags: banking, banning cash, Bloomberg, financial news, JP Morgan Chase bank, Ken Rogoff, paying negative interest rates, Tyler Durden, Willem Buiter, Zero Hedge