Expert Says ‘Banning Cash’ The Only Solution to Negative Interest Market Problems

‘As everyone knows by now, the Federal Reserve’s main tool in economic warfare has become hyper low interest rates and, thus, extremely cheap money for large institutions vis-à-vis the controversial reign of QE – quantitative easing.

Now, the how-low-can-you-go climate has created negative interest rates, meaning not only that many investments carry no return but that many deposits cost money.

Well-known Citigroup economist William Buiter says the solution to this backwards market is to reign in the appeal of normal currencies like cash – because it is “causing problems” for central bank manipulation:’

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