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Thursday, November 28, 2013

Economic Collapse Update - Paying banks to hold your money, coming negative interst rates + China Economy Update

  Published on Nov 27, 2013
From CNBC: Could banks charge fees for deposits?
A report last week that Federal Reserve officials have discussed cutting a key interest rate has raised the once-unthinkable possibility that banks could respond by charging customers for deposits.

From Zero Hedge:
A friend who once worked for the Chinese government recently returned home after several years absence, and found that all her bosses had moved to the West: Australia, Canada, etc. These were typical officials: their base salary was low but they managed to buy multiple homes, support mistresses, have upscale autos, and so on.

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