Negative Interest Rates

Inflation is a pernicious tax that robs the poor and gives to the rich.  It is why the powers that be employ it.

In Sweden, the powers that be ae getting desperate, trying to kick start inflation again:

"These measures and the readiness to do more at short notice underline that the Riksbank is safeguarding the role of the inflation target as a nominal anchor for price setting and wage formation," the bank said, adding that the rate would "remain at −0.25 per cent at least until the second half of 2016."

By charging people to make deposits, that is, in an effort to get people to lend, you get fined for savings, now at a quarter point.  Even though they call it money, it is not, it is credit, but the fact is no one wants it.  This is credit destruction, and deflation.

It is a whole new world now.

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