Is it possible for central planners’ policies to force the people to increase spending?
Perhaps policy makers believe so as they play their “Grand Theft Auto” game.
Governments have become a menace on Earth
Expect governments to mandate electronic funds transfer, where all government funds and payments will be electronic deposits into only approved financial institutions.
Your freedom of choice will be taken from you and the era of slave wages will have returned.
Government policies and farewell to your savings!
However, the ability of free minded People to be creative and circumvent policy is more likely.
Black markets, barter-trade, complementary/community currencies, silver coins and other options may become more frequent in years ahead.
Small business owners, entrepreneurs, and local communities must create alternatives…
The People are free to make new agreements in pursuit of happiness.
When Larry Summers said interest rates should be negative, he was flying a balloon to see how it was taken. Negative interest rates are coming. When the economy turns down after 2015.75, they cannot lower rates that are already too low, so in their mind, they have to go negative. You will be taxed effectively on money you do not spend.
The other balloon of Larry Summers was ELIMINATE cash. He called for moving to ELECTRONIC money. Behind the scenes, this is a HUGE topic. Banks have embraced it everywhere – even in Germany. The various tax authorities see this as a tremendous bonus for they claim it will eliminate the underground economy, law enforcement see it as eliminating drugs etc and the Mafia, but all of this will only create a barter underground economy. The future is going to change in ways you never imagined. –Martin Armstrong
The Internet may lead to a radical change in the nature of money.
Money, according to Lietaer, can be defined in several ways: “Money is information about the way we exchange energy,” he says. “Money is an agreement within a community to use something as a medium of exchange.
The agreement can be conscious or unconscious, coerced or free. Most of us don’t consciously choose our money. We have an opportunity to change that. The Internet is a space where that is possible to do. I expect a flourishing of money systems in the coming years. 95% of these experiments will fail. But the 5% that succeed will change the world.” –Bernard Lietaer