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L Tecolote

Here’s another economic indicator, soon to become real: Negative Interest Rates: Highway to a Cashless, Statist Hell

The first seven paragraphs are, as her longer title for the article indicates, a personal update to her regular readers, and various opinions. The meat of the piece is the remainder. But I think you’ll find that what she warns about the coming negative interest rates and their effects on us, to be well-reasoned, and eloquently stated.

For those who don’t recognize her, she is a former successful commodities broker who, when the MF Global scandal erupted, and Jon Corzine was allowed by the Chicago Mercantile Exchange to get away with stealing billions, concluded that there was no way to protect her clients. She paid them all the full value of their accounts, and quit … but not quietly.

Cry, "Treason!"