CNBC: “The yield on the 10-year benchmark German bund fell into negative territory for the first time ever on Tuesday morning, amid global growth concerns and jitters over the U.K.’s upcoming referendum on its European Union membership.
At around 8.30 a.m. London time, the yield hit zero and briefly fell into negative territory as investors continued to flock to safe-haven assets. Bond prices and yields move in opposite directions and a negative yield implies that investors are effectively paying the German government for the privilege of parking their cash.
A spokesperson for the German Federal Debt Agency spoke immediately after the milestone was reached, stating that the tradability of federal securities is “still very high.”
Opinion: The effects of Socialism/open immigration are killing the biggest economy in Europe.
The 10 year bond is the benchmark used to gauge the health of the economy of a country:
|United Kingdom »||1.15%||-6|
By contrast the US Treasury 10 year yield is 1.6% placing the economic health of the US just above Italy.
The causes of the 2007-9 economic recession were covered over by dishonest politicians and central bankers using money printing schemes that created a mountain of debt and a manufactured economic recovery.
In Revelation 6:5-6 John prophesied what looks like hyperinflation. John said it would take a day’s pay to feed a person that could be caused by the sudden collapse of one or more reserve currencies.
“So I looked, and behold, a black horse, and he who sat on it had a pair of scales in his hand. And I heard a voice in the midst of the four living creatures saying, “A quart of wheat for a denarius, and three quarts of barley for a denarius; and do not harm the oil and the wine.” Rev 6:5-6
The stage is being set.