Comments by "Kristopher Driver" (@paxdriver) on "Inside the murky world of negative interest rates - Counting the Cost" video.

  1. The problem is having too much debt which has distorted the market by supplying it with wealth before that wealth has been productively generated. The only reason we need credit and so much of it is because savings are effectively useless. THAT'S what's hurting the economy. It's verifiably consistent with historical data.
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  2. Allard Freichmann you confuse should with reality. Money isn't currency, and currency is created from thin air by the banks and the banks alone. They alone are allowed to lend multiple times more money than they have, which is creation of currency from nothing, thanks to the "fiat" system we live under. Currency SHOULD be the people's, but it isn't by any definition under today's laws in any G20 country.
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  3. Battshit Crazy unless you're productive and maintain an inventory of refined raw materials of use to the public at large lol :P
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  4. Allard Freichmann Fully agree. I think the biggest problem with humanity is our nearsightedness. A population so apathetic as to let this happen for this long and come this far, and STILL not care enough to pay attention once every 4 years... i know it's easy for me to say because i'm passionate about it, but I can't imagine not forcing yourself to care at all, which is what so much of the voting public's approach.
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  5. Logic bomb: you can't blame banks for the financial system collapse for chasing yield in risky assets and then coerce them to lend by threatening to steal their reserves.
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