kevskewl@nostrplebs.com on Nostr: The Debt Crisis: Opportunity for Transition to Negative Rates ? A golden opportunity ...
The Debt Crisis: Opportunity for Transition to Negative Rates ?
A golden opportunity to transition to negative-interest money may be nigh in the form of the “debt bomb” that nearly brought down the global economy in 2008. Consisting of high levels of sovereign debt, mortgage debt, credit card debt, student loans, and other debts that can never be repaid, the debt bomb was never defused but just delayed.
Moreover, there is no reason why unofficial currencies shouldn’t thrive alongside the official, negative-interest electronic currency.
Sacred Economics: Chapter 12, Negative-Interest Economics
https://sacred-economics.com/sacred-economics-chapter-12-negative-interest-economics/
A golden opportunity to transition to negative-interest money may be nigh in the form of the “debt bomb” that nearly brought down the global economy in 2008. Consisting of high levels of sovereign debt, mortgage debt, credit card debt, student loans, and other debts that can never be repaid, the debt bomb was never defused but just delayed.
Moreover, there is no reason why unofficial currencies shouldn’t thrive alongside the official, negative-interest electronic currency.
Sacred Economics: Chapter 12, Negative-Interest Economics
https://sacred-economics.com/sacred-economics-chapter-12-negative-interest-economics/