Is this the end of the crazy fiat money system?

Is the monetary system completely decoupled from the real economy?

bankers and investors living of a system that only exists in a virtual bubble… that could pop any time.

Is this the reason that “unfakeable” / unprintable (but still steal-able) cryptocurrencies rank so high in comparison to USD and Euro?

2019-11-25:

  • 1 XBT to USD = 7,224.07 US Dollars (source)
  • 1 XBT to EUR = 6,562.47 Euros (source)

CashKurs: “Eurozone needs negative interest rates between -4% and -7% to survive”

“According to BIS-Bank for International Settlements 15% of all companies in Europe are so called zombie companies, which are still alive only because of the cheap money.

In the next coming recession, central banks will panic open all locks, push the interest rate further into Minus and print without end money to desperately save the whole System”

auto translated from source: cashkurs.com

original text in German:

“Eurozone braucht zum überleben Negativzinsen zwischen −4 und −7%”

“Laut BIS – Bank für Internationalen Zahlungsausgleich – sind bereits 15% aller Unternehmen in Europa sogenannte Zombieunternehmen, die nur aufgrund des billigen Geldes noch am Leben sind. Bei der nächsten kommenden Rezession werden die Zentralbanken panisch alle Schleusen öffnen, den Zins weiter ins Minus drücken und ohne Ende Geld drucken, um verzweifelt das ganze System zu retten”

Quelle: cashkurs.com

Central Bank Interest Rates: The Price of Money

2019-11-25: source: http://www.cbrates.com/

Worldwide Central Bank Rates
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OECD & G20 Countries:

0.75 % (- 0.25)     Australia | Cash Rate (Oct 01, 2019) – CHART Historical Rates

5.00 % (- 0.50)

    Brazil | Selic Rate (Oct 30, 2019) Central Bank

1.75 % (+ 0.25)

    Canada | Target ON Rate (Oct 24, 2018) – CHART Historical Rates

1.75 % (- 0.25)

    Chile | Monetary Policy Rate (Oct 23, 2019) Central Bank
4.15 % (- 0.05)     China | Loan Prime Rate, LPR (Nov 20, 2019) Central Bank
2.00 % (+ 0.25)     Czech Republic | Repo Rate (May 02, 2019) Central Bank
0.05 % (- 0.15)     Denmark | Lending Rate (Jan 19, 2015) Central Bank
0.00 % (- 0.05)     Eurozone | Key Interest Rate (Mar 10, 2016) – CHART Historical Rates
0.90 % (- 0.15)     Hungary | Base Rate (May 24, 2016) Central Bank

3.00 % (- 0.25)

    Iceland | 7-d Deposit Rate (Nov 06, 2019) Central Bank
5.15 % (- 0.25)     India | Policy Repo Rate (Oct 04, 2019) Central Bank
5.00 % (- 0.25)     Indonesia | Repo Rate (Oct 24, 2019) Central Bank
0.25 % (+ 0.15)     Israel | Benchmark Rate (Nov, 26, 2018) Central Bank
-0.10 % (- 0.10)     Japan | Key Policy Rate (Jan 29, 2016) Central Bank

7.50 % (- 0.25)

    Mexico | Benchmark Rate (Nov 14, 2019) Central Bank
1.00 % ( 0.50)     New Zealand | Cash Rate (Aug 07, 2019) Central Bank

1.50 % (+ 0.25)

    Norway | Key Policy Rate (Sep 19, 2019) Central Bank

1.50 % (- 0.50)

    Poland | Reference Rate (Mar 04, 2015) Central Bank
6.50 % (– 0.50)     Russia | Key Rate (Oct 25, 2019) Central Bank
2.25 % (- 0.25)     Saudi Arabia | Repo Rate (Oct 30, 2019) Central Bank
1.25 % (- 0.25)     South Korea | Base Rate (Oct 16, 2019) Central Bank

6.50 % (- 0.25)

    South Africa | Repurchase Rate (Jul 18, 2019) Central Bank
-0.25 % (+ 0.25)     Sweden | Repo Rate (Dec 20, 2018) Central Bank

 – 0.75 (- 0.50) %

    Switzerland | SNB Policy Rate (Jan 15, 2015)  Central Bank
14.00 % (– 2,50)     Turkey | 1 Week Repo Rate Oct 24, 2019) Central Bank
0.75 % (+ 0.25)     United Kingdom | Bank Rate (Aug 02, 2018) – CHART Historical Rates
1.50-1.75 (-0.25)     USA | Funds Rate (Oct 30, 2019) – CHART Historical Rates


Other Countries:

1.00 % (- 0.25)

    Albania | Repo Rate (Jun 06, 2018) Central Bank

15.50 % (- 0.25)

    Angola | BNA Rate (May 24, 2019) Central Bank

5.50 % (- 0.25)

    Armenia | Refinancing Rate (Sep 10, 2019) Central Bank

7.75 % (- 0.25)

    Azerbaijan | Refinancing Rate (Oct 25, 2019) Central Bank

2.25 % (- 0.25)

    Bahrain | Key Policy Rate (Oct 30, 2019) Central Bank

7.75 % (+ 0.50)

    Bangladesh | Repurchase Rate (Jan 05, 2012) Central Bank

9.00 % (- 0.50)

    Belarus | Refinancing Rate (Nov 06, 2019) Central Bank

4.75 % (- 0.25)

    Botswana | Bank Rate (Aug 29, 2019) Central Bank

0.00 % (- 0.01)

    Bulgaria | Base Interest Rate (Feb 01, 2016) Central Bank
4.25 % ( 0.25)     Colombia | Key Policy Rate (Apr 27, 2018) Central Bank

 4.50 % (- 0.25)

    Dominican Republic | Monetary Policy Rate (Aug 30, 2019) Central Bank

 12.25 % (- 1.00)

    Egypt | ON Deposit Rate (Nov 14, 2019) Central Bank
0.50 % (- 1.00)     Fiji | ON Policy Rate (Nov 02, 2011) Central Bank

16.00 % (- 1.00)

    Ghana | Monetary Policy Rate (Jan 28, 2019) Central Bank

8.50 % (+ 1.00)

    Georgia | Refinancing Rate (Oct 23, 2019) Central Bank
2.00 % (- 0.25)     Hong Kong | Base Rate (Oct 31, 2019) Central Bank
0.50 % (- 0.25)     Jamaica | Policy Rate (Aug 27, 2019) Central Bank
4.00 % (- 0.25)     Jordan | CBJ main Rate (Oct 30, 2019) Central Bank
9.25 % (- 0,25)     Kazakhstan | Base Interest Rate (Sep 09, 2019) Central Bank

9.00 % (- 0.50)

    Kenya | Central Bank Rate (Jul 30, 2018) Central Bank

2.75 % (- 0.25)

    Kuwait | Discount Rate (Oct 30, 2019) Central Bank

4.25 % (- 0.25)

    Kyrgyzstan | Policy Rate (May 28, 2019) Central Bank
13.50 % (- 1.00)     Malawi | Policy Rate (May 03, 2019) Central Bank
3.00 % (- 0.25)     Malaysia | ON Policy Rate (May 07, 2019) Central Bank
3.35 % (- 0.15)     Mauritius | Key Repo Rate (Aug 09, 2019) Central Bank

7.50 % (+ 0.50)

    Moldova | Base Rate (Jul 31, 2019) Central Bank

11.00 % (+ 1.00)

    Mongolia | Policy Rate (Nov 27,2018) Central Bank

2.25 % (- 0.25)

    Morocco | Key Rate (Mar 22, 2016) Central Bank

12.75 % (- 0.50)

    Mozambique | Monetary Policy Rate (Aug 14, 2019) Central Bank

6.50 % (– 0.25)

    Namibia | Repo Rate (Aug 14, 2019) Central Bank

13.50 % (- 0.50)

    Nigeria | Monetary Policy Rate (Mar 26, 2019) Central Bank

13.25 % (+ 1.00)

    Pakistan | Policy Rate (Jul 16, 2019) Central Bank

5.50 % (- 0.50)

    Papua New Guinea | Kina Facility Rate (Aug 08, 2019) Central Bank

4.00 % (- 0.25)

    Paraguay | Policy Interest Rate (Sep 23, 2019) Central Bank

2.25 % (- 0.25)

    Peru | Policy Interest Rate (Nov 07, 2019) Central Bank

4.00 % (- 0.25)

    Philippines | Key Policy Rate (Sep 26, 2019) Central Bank

2.50 % (+ 0.25)

    Romania | Monetary Policy Rate (May 07, 2018) Central Bank
5.00 % (- 0.50)     Rwanda | Key Repo Rate (May 06, 2019) Central Bank
2.25 % (- 0.25)     Serbia | Key Policy Rate (Nov 07, 2019) Central Bank
7.50 % (- 0.50)     Sri Lanka | Key Rate – SDFR (May 31, 2019) Central Bank
1.375 % (- 0.125)     Taiwan | Discount Rate (Jun 30, 2016) Central Bank
13.25 % (- 1.50)     Tajikistan | Refinancing Rate (May 31, 2019) Central Bank
1.25 % (- 0.25)     Thailand | Repo Rate (Nov 06, 2019) Central Bank
5.00 % (+ 0.25)     Trinidad and Tobago | Repo Rate (Jun 29, 2018) Central Bank
7.75 % (+ 1.00)     Tunisia | Key Rate (Feb 19, 2019) Central Bank

9.00 % (- 1.00)

    Uganda | Central Bank Rate (Oct 07, 2019) Central Bank

15.50 % (– 1.00)

    Ukraine | Discount Rate (Oct 24, 2019) Central Bank
6.00 % (- 0.25)     Vietnam | Refinancing Rate (Sep 13, 2019) Central Bank
16.00 % (+ 2.00)     Uzbekistan | Refinance Rate (Sep 22, 2018) Central Bank
11.50 % (+ 1.25)     Zambia | Policy Rate (Nov 20, 2019) Central Bank

———————————————————————–

Data Source: International Central Banks
No responsibility is taken for the correctness of this information

Podcast:

Money For the Rest of Us: What Happens If U.S. Interest Rates Turn Negative?

 

Links:

264: What Happens If U.S. Interest Rates Turn Negative?

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