http://maxkeiser.com/2011/08/05/negativ ... tbtf-banks…Negative interest rates are here! TBTF banks are gouging customers with fees to hold cash.
This is what happens when you let ‘moral hazard’ mutate into the primary source of GDP “growth” as we’ve seen in the US these past two decades. By eliminating competition in this key sector of the economy (by constantly bailing out crooks), Americans now have to pay ‘tribute’ to the crooks just like business owners have to pay tribute to the mob. The article states that most of the banks customers will not have to pay this tribute for now, but clearly by the end of next year – all funds held at any bank will be subject to a holding fee guaranteeing a 1 – 2% loss of capital per year on top of the loss of purchasing power that comes with a crashing currency. Gold and Silver look better and better.
http://online.wsj.com/article/SB1000142 ... 65468018.h…
Imaginez un truc pareil en France où un compte en banque est indispensable pour avoir le droit de toucher un salaire légal