Bloomberg: With about a quarter of the world economy now in negative-rate territory, the policy reflects pressure to do even more to ignite inflation at the risk of hurting banks. The lack of fallout so far sets the stage for the European Central Bank to cut rates even more and may fan speculation the Federal Reserve will follow if the U.S. slumps.
“Negative rates are now very much the new normal,” said Gabriel Stein, an economist at Oxford Economics Ltd. in London. “We’ve seen they are possible and we’re going to see more.”
Opinion: Welcome to the new economic order. In 2015, Sweden, Denmark and Switzerland dropped into negative interest rates. The central bank experiment is meant to stimulate economic growth and raise inflation.
Now it’s Japan, the world’s third largest economy by GDP.
Based on recent statistics, the global economy is neither growing or giving any sign of inflation. The next experiment, already being discussed in several countries, is the elimination of cash.
Now, where have we heard that before? Oh yeah – Revelation 13:16-17:
“He causes all, both small and great, rich and poor, free and slave, to receive a mark on their right hand or on their foreheads, and that no one may buy or sell except one who has the mark or the name of the beast, or the number of his name.”
Until this present generation, it was impossible for any man or government to control all forms of commerce. Remember the 1970s TV series the Six Million Dollar Man’s catch phrase: “We have the technology”.
A cashless society is not randomly occurring, but part of the carefully crafted plan which is being orchestrated by the powers of evil ruled by Satan. Complete control of every transaction and the ability to buy and sell could not be put in place with a multi-currency society.
The infrastructure of the revived Roman Empire of Antichrist is under construction.
Headline “Should the Fed Take Back its December Mistake” @ BPTnews.org