Up until now, the world's descent into the NIRPy
twilight of fiat currency was a function of failing monetary policy around the
globe as central bank after desperate central bank implemented negative and
even more negative (in the case of Denmark some four times rapid succession)
rates, hoping to make saving so prohibitive consumers would have no choice but
to spend the fruits of their labor, or better yet, take out massive loans which
they would never be able to repay. However, nobody said it was only central
banks who could be the executioners of the world's saver class: governments are
perfectly capable too. Such as Australia
zerohedge.com / 29th March 2015
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