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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 375.93-1.8%Nov 14 4:00 PM EST

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bart13
To: Pogeu Mahone who wrote (117849)4/6/2016 1:04:01 AM
From: elmatador1 Recommendation  Read Replies (1) of 217808
 
Negative rates, if passed on by banks, could also start to erode consumer trust in banks as the right place for their cash. Sales of safes have risen in German and Japan since they [i.e. negative rates, the author] were implemented.”
http://www.asiasentinel.com/econ-business/negative-interest-rates-insidious-killers/


Say you are not like the Germans or the Japanese and instead of buying safes you just stash your cash away in Panama. Banks would have a big incentive in discrediting the safe heavens such as Panama. People will react by keeping their money in their country of origin. Good to the local banks.


As you can see there is a big interest of banks to discredit the safe heavens.
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