Banking Policies Are Becoming Injurious to Your Financial Well-being

The theft occurs via the innovative practice of “paying” (i.e. “charging”) negative interest rates on savings and checking account balances combined with account maintenance fees. Cash strapped Greece is looking to go even further – charging customers for daring to withdraw cash! So what gives here?

Banking Policies Are Becoming Injurious to Your Financial Well-being

Since the global financial near-collapse of 2008, Central Banks, led by the U.S. Federal Reserve, have tried to solve the problem of faltering economies, excessive debt creation, government deficit spending and a deflationary landscape by flooding the system with fiat money, literally created out of thin air.

Their reasoning is that the problem of excessive, unpayable debt can be solved by creating still more debt!

If you had trouble paying off a $300,000 dollar home mortgage, would borrowing another $200,000 to continue making payments help you solve your dilemma? Of course not. You would simply owe a total of $500,000! Yet this is exactly what many of the world’s leading financial wizards have been doing to keep government budgets afloat for the last 7 years.