Central Banks of the developed economies, are afraid to raise interest rates because the $220 Trillion Bond market Derivatives will cause losses to the mega-bankers of these economies.
Hence we have NIRP in them.
Cashless Society will enable NIRP to be prolonged,as otherwise Cash will be hoarded as is reportedly being done by the rich in these economies.
Will be updated.......
Hence we have NIRP in them.
Cashless Society will enable NIRP to be prolonged,as otherwise Cash will be hoarded as is reportedly being done by the rich in these economies.
Will be updated.......
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