“Purportedly the Fed is ready willing and able to go to next step of financial repression insanity .. Negative interest rate proposals go one step further than inflationist policies of central banks down the rabbit hole .. There is absolutely no benefit with financial repression measures that further punish those on fixed income. The positive effects these clowns see are nothing but a mirage that will vanish as soon as asset bubbles collapse .. The problem is debt coupled with asset bubbles created by debt, yet the proposed solution is to make people spend more while taking away scarce resources of those who save .. It is stupid to attempt to force people to spend money on things they don’t want or need on the inane belief demand is too low and wasting money is the cure .. These economic idiots will never stop, which is one reason why I am firmly committed to gold over the long haul.” – Mish Shedlock