Since the United Kingdom like many other countries decided to destroy their economy over a minor flu virus, their central bank is now looking at implementing a negative interest rate policy.

What this means is that people who keep their money in the bank will have a percentage of their money taken by the bank simply for having it in the bank. It will totally punish savers and further destroy the purchasing power of the currency.

As crazy as this sounds, I would expect negative interest rates to become a norm around the world soon. Zero percent interest rates have had little impact in fixing things so this is the next logical step. But the fact that they’re going to this extreme shows that these currency systems are failing and they have run out of ways to deal with what appears to be an inevitable collapse.

There are zero reasons to have faith in these systems right now. They are a ticking time bomb waiting to explode. You are going to want wealth outside of the banking system. This means, gold, silver and cryptocurrencies. I’m old school and prefer the physical metals, but obviously you should do what makes the most sense for your own personal situation.

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