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To: bostma who wrote (54236)	8/26/2016 12:55:15 PM
From: Ms. Baby Boomer	Respond to of 60903

The head of Germany’s largest bank says negative rates are ‘fatal’... Add John Cryan to the ensemble of Wall Street heavyweights decrying the emergence of negative-yielding debt. Cryan, the chief executive of Deutsche Bank—Germany’s largest and most prominent bank, with some €1.7 trillion ($1.9 trillion) in assets—cautioned that the negative interest-rate policy could have “fatal consequences.” He made is remarks as part of a guest commentary published in the German newspaper Handelsblatt on Aug. 23. “Monetary policy is now running counter to the aims of strengthening the economy and making the European banking system safer,” Cryan said, ahead of a bank summit starting Aug. 31. Cryan also said negative rates punish savers and could have disastrous implications for pensions, which attempt to match their liabilities with safe, interest-bearing assets like bonds... marketwatch.com Ya'll have a nice weekend.... M

To: bostma who wrote (54236)	8/26/2016 12:58:41 PM
From: gold$10k	1 Recommendation Recommended By Ms. Baby Boomer Respond to of 60903

<< Simply, they won't allow deflation, and the only thing they can use to prevent the default is newly created currency.>> It would seem so, but we cannot know the Fed's true intentions or the sequence of events and time-frame over which they intend to implement their plan. One possibility would be to allow/trigger a (hyper-deflationary) market collapse to the lower bounds of the "jaws of death" (completing its 5 wave pattern) before unleashing trillions of (hyper-inflationary) dollars/SDR's. Interesting times.