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Issue #422: The death knell of modern monetary policy

Issue #422: The death knell of modern monetary policy

Feb 18, 2019
Marty's Ƀent

Issue #422: The death knell of modern monetary policy

The headline and opening paragraph you freaks are looking at right now below come from the official blog of the IMF (International Monetary Fund), a product of the Bretton Woods Conference in 1944 tasked with burdening already struggling countries with more debt and onerous austerity measures. I'm sorry for exposing you all to this very terrible blog with INSANE ideas, but I feel it is essential that we begin to aggressively call out the growing crescendo of screams coming from these lowly bloggers to push the world towards a cashless society so they can institute negative interest rats on the global populace. Sickening.

negative interest rates
Not a joke
severe recessions 3-6 percentage points
Not funny either

For those of you unfamiliar with the path which led us to this point, here's a quick refresher from Uncle Marty. The world has been in the process of a century-long slow transition away from sound money (the Gold Standard) to a monetary system run by academics (endorsed and protected by the State) who think they can micromanage the economies of a rock flying through space inhabited by 7.5 billion people. This experiment may be hitting a head as these academics find their policies have put them in a precarious position. They are out of ammo in the fight against the boom and bust cycles they've enabled and may be headed towards the bust to end all busts as global debt reaches outrageous levels, interconnected economies begin to slow, and the ability to keep interest rates above 0% seems to becoming less likely by the day.

As a result, these academics and their legion of very, very poor bloggers are beginning to enact a normalization campaign to convince the world that negative interest rates are good for the economy and, in turn, the individual. This couldn't be further from the truth. If enacted, negative interest rates would essentially tax the money you deposit into your bank account. I bash this stat to death in this rag and over the airwaves, but we live in a time when the average American cannot afford a $400 emergency expense. To think that enacting negative interest rates on people in this position is at all helpful is INSANE and EVIL.

We find ourselves talking about this because the academics who thought they could micromanage the invisible hand of the market have backed themselves into a corner in which they literally cannot raise rates above a certain point. After all, if they do they will not be able to service the interest payments on the $244 TRILLION of debt the world is sitting. They need to tax deposits to keep the music playing. To keep this charade of stability alive.

Anyone who likes to think of themselves as a self-respecting human should revolt against the very notion of negative interest rates. First of all, to enact them means that we move to a Dystopian cashless society. The overarching encroachment on individual freedom and liberty that would be needed to make cashless societies possible is sickening enough. To think of a world where the policymakers have successfully abolished cash and enacted negative interest rates on everyone is terrifying.

Let's not forget, these policymakers and money tinkerers are the ones who put us in this position. And now they want to punish us all for their failed experiments. It is time to WAKE THE FUCK UP and realize that all is not well in the world. Especially in the world of money. It's time to call bullshit on this nonsense and start talking about how we can end this 100-year experiment that has led to one of the biggest wealth divides the world has ever seen.

Luckily, we have Bitcoin, a digital cash-bearer asset that gives us a very strong tool in the fight against this ever-pervasive tyranny.

Final thought...

Beef bourguignon is the first recipe that has been perfected and will be added to the open-ended Bent family recipe book.


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