Adams/North: Negative Interest Rates And The Cash Ban Are Definitively Linked

Economist John Adams And Analyst Martin North look more deeply into the connection between the attempt to limit cash transactions and the imposition of negative interest rates.

Despite what the MSM are saying there is a direct connection. In fact negative interest rates cannot work as planned if cash is freely in circulation. We cite the links and describe the impact.

The deadline for submissions to stop the cash ban is 12 August 2019. Make your views know to our “elected representatives.”

Email: blackeconomy@treasury.gov.au with the subject line: Submission: Exposure Draft—Currency (Restrictions on the Use of Cash) Bill 2019

As we discussed before, the real agenda is all about negative interest rates and extreme monetary policy, as prescribed by the IMF. This represents a significant curtailment of civil liberties, and more. We have just a few more days to respond.

https://www.imf.org/en/Publications/WP/Issues/2019/04/29/Enabling-Deep-Negative-Rates-A-Guide-46598

https://www.adamseconomics.com/post/the-new-global-push-for-negative-nominal-interest-rates

http://www.treasury.gov.au/sites/default/files/2019-07/at_glance_summary_of_how_the_cash_payment_limit_will_work_0.pdf

Author: Martin North

Martin North is the Principal of Digital Finance Analytics

3 thoughts on “Adams/North: Negative Interest Rates And The Cash Ban Are Definitively Linked”

  1. Hi Martin,
    I’ve spoken to many people about “bail in” and I’m surprised they either don’t understand or don’t care. Further I’ve explained the $10k cash transaction limit (that will quickly become a $2k limit) and how it will lock in depositors cash and also lock depositors into paying (our dodgy) banks to hold the deposits.
    It seems the writing’s on the wall and it’s time to get cash out while we can!
    I think negative rates will only cause less spending not more. Frightened people will hold onto their cash.

    Thanks for all your efforts.

    Tradie

  2. Very interesting piece Martin. The people of Australia need to go to their politicians and protest this cash ban. Or very soon we will be paying hundreds of dollars per year to have our money in the banks. Also we will only be able to use very small amounts of cash to pay for goods and services. This is absolutely wrong and will strip all of our civil liberties away within a few years. I will be contacting local Liberal leaders by phone and by e-mail, and showing up at their offices in person. I think any thinking person should also do this too. This bill needs to be stopped and we the Aussie people need to stop it.

    1. Good luck with the Libs!
      Josh Frydenberg has less idea than me. Cleary evident on ABC this evening.
      How could they think that negative rates could possibly work.

      Cheers
      Tradie.

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