04/25/2015 - Financial Repression: Negative Interest Rates Now Happening in Australia …
Sovereign Man highlights how Australia has gone into negative yields on its government debt: “This is officially now the latest banking fad—buying government bonds at negative yields. You’ll remember a few years ago when the latest banking fad was handing out no-money-down mortgages to dead people and unemployed bus drivers… or buying ‘AAA-rated’ bonds which pooled these subprime loans together. That didn’t exactly work out so well. Neither will this. In fact there are plenty of similarities between today’s negative interest rates and the early 2000s housing bubble .. Instead of people, though, it’s governments who are effectively being paid to borrow.” .. it’s all about financial repression
