It is becoming increasingly clear to us that the level of yields at which credit expansion in Europe and Japan will pick up in earnest is probably negative, and substantially so. Therefore, the ECB and BoJ should move more strongly toward penalizing savings via negative retail deposit rates or perhaps wealth taxes.In this time of extreme and despotic central bank policy, astute readers may note that gold buried in the backyard or held in Singapore safe deposit is immune to both negative interest rates and wealth taxes.
Douche Bank proposes wealth tax in wake of failed QE experiment
The experts agree We're going Full MMT So start buying gold Mauldin Economics on the prestigious Camp Kotok economic gathering: ...
CNBC : As part of a forthcoming package of proposed tax cuts, the White House is considering ways to incentivize U.S. households to invest...