Hi fellas,
I believe Yellen is on record as having considered negative interest rates to be necessary.(qe unfathomable)
effectively meaning depositors pay banks to hold their money!!!
If this was to happen I cant help thinking that fiat fans may resort to hiding their precious dollars/pesos/rupees under rocks in the back yard. Those that beat the bank rush anyway.
And if anyone watched the Walmart youtube post, thanks Andylgo, at 1:14 we get a glimpse of the Walton family bunker...from a well guarded distance mind you. Its not just poor people that are a wee bit concerned.
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