The Case For Outlawing Cash
Submitted by Bill Bonner via Bonner & Partners,Investors are losing confidence…
They’re probably losing confidence in corporate managers, for instance.
Who wants to own stock in companies run by numbskulls who buy back shares in their companies at record prices just before a major selloff?
Or maybe they’re wondering whether the world’s $200 trillion in total debt (roughly 300% of total output) can possibly be paid back?
Or maybe they’re beginning to puzzle out how scammy and fraudulent the Fed’s policies are.
But watch out! Reeling from the jabs of the last two weeks, expect a strong counterattack from the zombies and their allies.
Some Fed governor will come forth – maybe even Janet Yellen – and tell us not to worry about a return to more “normal” interest rates anytime soon.
We’re way too far into the weird to get anywhere near normal now.
And surely Wall Street shills will be in the news explaining how markets become unreasonably fearful from time to time. They will tell investors that it is time to hunt for bargains.
Read More: The Case For Outlawing Cash | Zero Hedge
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Sure is empty down here...