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The 21st Century Way to Buy 2,600-Year-Old Asset Protection
For a long time, I’ve been cautioning investors that destructive insanity like negative-interest-rate policies (NIRP) would have dire unintended consequences.
Sure enough, by now more than 20 countries around the world have imposed NIRP in some form or another, and it’s clear those warnings were right on the money.
Such policies haven’t worked to stimulate growth, and in many cases have spurred the exact opposite reaction. But central planners and central bankers are still moving full-steam ahead with NIRP – like in Japan, which I’ll talk about shortly.
Even as the system is breaking down, the International Monetary Fund insists negative rates “help deliver additional monetary stimulus and easier financial conditions.”
Don’t buy it; nothing could be further from the truth. The truth is these bankers are engaged in wholesale capital destruction.
Tags: Gold
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