Negative Interest Rates Announced in Europe

**Sooz** · 6th June 2014, 08:39

Hi All,

I can't believe how fast they are putting things in place now. Snagged this news snippet in my lunch hour today and kept it. Now hours later, you can't find it anywhere in MSM.

The central bank has announced negative interest rates in the Eurozone. Which means that the banks will charge you now to keep your cash in the bank.

http://www.smh.com.au/business/marke...606-39n6d.html

Those of us who follow the NWO and alternative news have known this was coming. It's another thing to see it announced.

Things are moving at a fast clip and something has to give at some stage.

Tipping point anyone?

**Spiral** · 6th June 2014, 09:09

Holy Moley

ECB Cuts Rates to Record Low

At its June 5th meeting, the European Central Bank cut the main refinancing rate by 10 bps to 0.15 percent and the deposit rate to -0.1 percent, becoming the first major central bank to use negative interest rates.

The decision was widely expected, since last month ECB President Draghi said the bank may loosen monetary policy to combat persistently low inflation in the Eurozone.

Policymakers cut its benchmark refinancing rate by 10 basis points to 0.15 percent, starting from the operation to be settled on 11 June 2014. The interest rate on the marginal lending facility was also lowered by 35 basis points to 0.40 percent. But the big surprise was a 10 bps cut in the deposit facility to -0.10 percent, aiming to increase credit to the economy.

http://www.tradingeconomics.com/euro-area/interest-rate

**Calz** · 6th June 2014, 10:14

Yikes ... hard to respond to nuggetry lately.

**Sooz** · 6th June 2014, 10:20

I would expect to see things moving rather swiftly now, seeing Bilderberg is over.

All the minions (Prime Ministers etc) will have been given their orders.

Expect to see more and more arrogant nuggetry.

Edit: Where is the nugget button when you need one? Lol...

**Calz** · 6th June 2014, 10:25

Honestly I have lost any trail of logic in what is going down.

After the water/food thing is done ... what is left else sit back and watch the show unfold???

**Calz** · 6th June 2014, 10:41

Ya know ... after a point ... anyone ... anywhere ... that pays any attention or gives any credence to these appointed and controlled robots ... really need to pull up your own mirror and have a close self examination of yourself ...