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#Toldya : Negative Interest Rates; Highway to a Cashless, Statist Hell

Negative Nominal Interest Rates: Highway to a Cashless, Statist Hell”.  Read up, Buttercup.

(Originally penned and posted in June ARSH 2014)

I warned about this in part two of my 2.5 hour Economics Video Presentation back in November of ARSH 2012, and, sure enough, it has now happened.

 Because, as I have been saying all along, for anyone who knows ANYTHING about ANYTHING having to do with economics, finance and/or banking, and who does not have their brain bucket completely and firmly inserted up their rectal vault, it is obvious what is happening and how the chain of events will unfold.  If a mouthy broad with a mere bachelor’s degree in animal husbandry from a land-grant university can see this stuff coming years in advance, what excuse do your so-called leaders and media “experts” have?   Oh, yeah.  I forgot.  They’re all either teetering on the precipice of mental retardation, or are black-hearted diabolical narcissist psychopath whores.  Or, as with Nancy Pelosi and countless others, both.

Mario Draghi, chief psychopath of the European Central Bank went full-stupid on June 5th, ARSH 2014 and announced mandated NEGATIVE INTEREST RATES on the excess reserves of European banks held and the European Central Bank  (which is the equivalent of the Federal Reserve Bank in the U.S.).  What does this mean?  It means that when a European commercial bank deposits excess cash reserves with the ECB, the commercial bank must PAY the ECB to store that money.  The commercial bank does not earn any interest income on that money, it in fact has a percentage of its deposit CONFISCATED from its account every month by the ECB.

The publicly stated rationale behind this negative interest rate paradigm is “stimulus”.  If the banks have to pay to store cash, they will instead lend their excess cash out to customers rather than have a percentage  confiscated every month.  This is utter bee-ess on multiple levels.  These top-tier central bankers know that negative interest rates have NOTHING to do with stimulus, and will, in fact, lead to exactly the opposite.  In fact, they know that the inevitable outcome of negative interest rates is the complete nationalization of the banking sector and total governmental control of all capital flows – which means today a CASHLESS ECONOMY.  Yup.  If you’re interested, I’ll walk you through the chain of events and differentiate between the propaganda that will be used to justify this evil and the reality of how the world actually works.

Banks today are sitting on huge cash reserves because the economy sucks and banks have rightly discerned that lending money into a sucky economy is NOT IN THEIR BEST INTERESTS.  If the economy sucks, then lending money to Joe Schmoe to start a business is likely going to end up in default.  So, if YOU were a bank and your choice was between losing one percent by depositing money at the Central Bank at negative interest, or losing FIFTEEN percent on your loan portfolio because the economy sucks and a high percentage of your borrowers would default on their loans, which would you do?  Well, duh.  You would opt for the SMALLER loss of ONLY one percent, and you would continue to hold cash reserves and be VERY stingy with your loan portfolio.

Okay.  That’s easy to understand, right?  Well, the propaganda coming from the Banksters and willingly regurgitated by the useful idiot (Beta Narcissist) class is that negative interest rates will absolutely, positively result in increased lending by banks and thus “economic stimulus”.  And bear in mind, they have been bleating EXACTLY the same line of crap in regards to “quantitative easing”.  They have been saying for YEARS that all of the money printing done by the Federal Reserve and European Central Bank would provide “stimulus” in the form of increased lending.  And, as we all know, that didn’t happen.  All that has happened is that the Banksters have taken the “new money” printed by the Central Banks and pumped it into the stock and derivatives markets, thus blowing a massive, unprecedented bubble.  But Joe Schmoe still can’t get a loan to open a business.  The evil, malignant Banksters KNOW that the whole stimulus meme is a lie.  The useful idiots (Beta Narcissists and Effeminates) are so indescribably stupid that they can’t comprehend simple logical progressions even when they have a current experiential dataset right in front of their faces that clearly demonstrates the fallacy: not only does QE and other forms of synthetic “liquidity boosting” NOT stimulate the economy, it actually depresses it even more.

So now banks will be even more incentivized to offload cash by plowing it into relatively “safe” paper that has a higher interest yield than the negative rate at the Central Bank.  What does this imply?  Increased demand for Sovereign debt (bonds issued by nations), and derivatives on Sovereign debt.  Now here is where it gets positively sick.  Very soon, banks will be able to borrow money from the “discount window” at the Central Bank at either zero, or at a NEGATIVE rate.  Think about that.  The Central Bank, because the interest rate is negative, actually pays banks to borrow money from them.  And this utter PERVERSITY is the root of the whole satanic mess.  The first mover in all of this is the evil, perverse Central Bank.  The Central Banks are completely content to pay banks to borrow money – a perversity – because the Central Bank doesn’t give a shit.  It can just “PRINT” as much money as it “needs”.  And, as we have discussed at length, the “printing” of money, money being a proxy for the human capacity to labor and create through time, is simply the leveraging of HUMAN LIFE, specifically at this late hour not just the life of every man, woman and child alive today OUTSIDE the oligarch class, but now generations upon generations of human beings who DO NOT YET EXIST, and are thus utterly powerless to object or mount a counter-revolt.

Okay, so now Bank A goes to the discount window and borrows “new money” from the Central Bank at NEGATIVE one percent, which means the loans generates a yield TO THE BORROWER.  Then, Bank A turns around and plows that money, which is already generating a yield in and of itself, into French Sovereign bonds that yield 1.5%.  Bank A does this because it is certain that France will never be allowed to default – the Central Bank will just keep printing money and printing money to keep France (or any other country) from defaulting on its debt.  So, What is the total yield to Bank A?  The one percent yield on the money borrowed at negative interest from the Central Bank, PLUS the 1.5% yield on the French bonds = +2.5%.  Do you see why this dynamic INCREASES DEAMND for sovereign debt?  It incentivizes governments not to PAY DOWN their debt, but to in fact EXPAND their balance sheets by going deeper into debt.  And because the demand for sovereign debt is increased because there is more money chasing after it, the interest rates are driven DOWN (a lower interest rate is the same thing as higher price on bonds), and thus the politicians tell the people that not only is more government debt good, it is extremely good because “the interest rate is so low”.  And the glassy-eyed sheeple nod passively and return to their tee-vee shows.  Because actually learning and thinking about something that affects everyone on the planet directly is HAAAAAARD.

This will also increase demand for derivatives on sovereign debt (i.e. repurchase agreements and credit default swaps), again, because the banks are quite confident that the Central Banks will never permit a sovereign default.  And who, pray tell, are the main counterparties on almost all sovereign debt derivatives?   J.P. Morgan, Goldman Sachs (Ted Cruz’s wife is a GS executive – just sayin’) and Deutschebank.  Uh-huh.  And where do ALL of the people come from who populate the Central Banks, both in the U.S. and in Europe?  J.P. Morgan, Goldman Sachs (Ted Cruz’s wife is a GS executive who formerly was a member of the Council on Foreign Relations – just sayin’) and Deutschebank. Uh-huh.

Kids, this isn’t terribly complicated.  Really.

Now, to YOU, the people who PAY FOR ALL OF THIS.

Negative interest rates will be a cost to YOU in two ways.  First, the obvious: you will have a confiscatory tax levied on your bank deposits every month – that’s what a negative interest rate is, sweetie.  It is a TAX on the PEOPLE, NOT the banks, because the banks will pass through to the customers the cost for the bank to store reserves at the Central Banks PLUS a margin.  

Next, in an economy that is perceived to be relatively stronger or safer (of which the former United States is still at the top of the list because of its size, both economically and militarily) capital will flow IN to that economy, thus causing ASSET BUBBLES and CONSUMER PRICE INFLATION.  Been to the grocery store lately?  Looked into buying any farm ground lately?  Uh-huh.  So when consumer prices inflate, what do banks do to interest rates in order to cover the resulting increased risk in lending to consumers who now are having a much more difficult time making ends meet?  Yep.  They RAISE interest rates to borrowers.  And so therefore a negative interest rate at the Central Bank not only does not stimulate the economy, it increases the contraction and deepens the depression (because let’s face it, if your economy is at the point that the Central Bank is going NEGATIVE on interest rates, honey, yo’ a$$ is already in a DEPRESSION, not a recession).

Now to the big ugly.  Since the Central Bank is, despite any and all lying propaganda to the contrary, a government entity backed fully by the government and thus ultimately backed by the people, and since the Sovereign bond market is also a pure function of the government and thus ultimately backed by the people, when banks receive payment on both their capital borrowed from the Central Bank at negative interest AND receive a positive interest yield on their government bond holdings, that means that THE PEOPLE are PAYING THE BANKS… ON BOTH SIDES.

This is a backdoor way of confiscating collateral from the people and using it to RECAPITALIZE THE BANKS.  And also pay the bankster oligarchs’ eight and nine-figure salaries and compensation packages, which, let’s be honest, is their top priority.  

So now you may be thinking that this will cause a feedback loop to occur and rates will continue to be driven more and more negative.  Yes.  Absolutely.  Because the Central Bank will have to keep adjusting its rate down to stay “more negative” than the Sovereign bond and other money markets.

What happens when customer deposit rates go sufficiently negative so as to compel normal people to withdraw their cash from the banks and hold it in cash?  The answer is, the oligarchs will enact government policies outlawing the use of cash.  Think I’m crazy?  Have you tried paying your car insurance bill with cash lately?  Cash.  As in hundred dollar bills.  How about your phone or utility bill?  Guess what.  You can’t.

One of the big reasons why I had to move into the “Van Down by the River” was because I simply COULD NOT FUNCTION using cash.  When I was foreclosed upon because I could not provide the bank with a tax return (because I have declared a tax strike), I began investigating possible rental scenarios in preparing to move.  Kids, you CANNOT rent an apartment “above the table”, pay the utilities on said apartment, insure a vehicle and scores of other necessary expenses in the former U.S. using cash today.  Between IRS liens and mortgage foreclosures, my credit score is destroyed, which also disqualifies above-board rental.  If you think that cash controls and the move to outlaw the use of cash is crazytalk, just stop and think about all of the myriad ways that IT IS ALREADY IMPOSSIBLE to pay with cash.  We’re already 90% of the way there.

So, there would be increased economic depression causing new lending to crater and thus squeezing commercial banks’ margins and causing them to demand a way to dump ALL consumer debt, including business loans, car loans and credit cards, off on the government in the form of guarantees (this is precisely what already happened in the real estate market with almost all mortgages being bundled and dumped onto Fannie and Freddie).  Couple this with the confiscatory tax on deposits AND the paying of banks to borrow from the discount window by the government (aka the people) in order to recapitalize the banks, and what you have is nothing less than the COMPLETE NATIONALIZATION OF THE BANKING SECTOR.  This will inevitably require the outlawing of sovereign currency (cash), which will inevitably lead to the REJECTION of the sovereign currency, and the emergence of a “black” alternative.  We are talking, ladies and gentlemen, about nothing less that the final, complete destruction of the economy, which will inevitably lead to the total collapse of the extant government and what scattered vestiges remain of the Rule of Law.

This, and nothing less than this, has been, is, and will continue to be the explicit goal of the oligarchy that has already overthrown the former United States.  This is part and parcel of the Cloward Piven Strategy.  And it is all happening RIGHT NOW, and given the ignorance and cowardice of the broad populace will not be stopped excluding supernatural intervention, of which we are utterly undeserving.  Get ready, and don’t you dare say you weren’t warned.  And please, spare me any droolingly stupid emails telling me how lending money at interest is evil.  A positive interest rate is ESSENTIAL.  What is immoral, and what actually constitutes the lion’s share of USURY, is UNSECURED lending with no collateral against it.  Well, actually there IS collateral against an unsecured loan:  the future LIFE and productive capacity of the borrower.  THAT is usury.  All Central Bank money printing is therefore USURIOUS because, as we discussed above, it is simply the leveraging of the lives of the people, both present AND future, who comprise the sovereign entity that backs the money of said nationstate.  In other words:  YOU and your descendants for multiple generations hence.

I hope this helps you understand the utterly critical and thoroughly evil concept of negative interest rates.

New Ann Barnhardt Video Interview Series on Diabolical Narcissism

Quite to my surprise, the administrator of an online community that has built up -completely unbeknownst to me- upon the foundation of my Diabolical Narcissism Video, reached out and asked if I would do an interview. I did it last week, and what we recorded was nearly three hours of conversation, which will be released in short topical vignettes by Kim Wilson, the group administrator.

I’m especially grateful to Kim for alerting me and everyone else to the fact that “New Age” occultist con artists have just recently latched onto the Diabolical Narcissism recovery community and are trying to sell them on their New Age Oprah Occult garbage as a “path to healing” from Diabolical Narcissist trauma and/or abuse.

I know A Certain Fellow who said, “Ego sum via, et veritas, et vita. Nemo venit ad Patrem, nisi per me.”

You can only get your head around Diabolical Narcissism when it is studied and processed through the wounds of Our Crucified Lord.

Here are the first three vignettes in the series. As always, I hope this helps.

Across the transom.  Author unknown….

The Diabolical Narcissist’s Prayer

That didn’t happen.
And if it did happen, it wasn’t that bad.
And if it was that bad, that’s not a big deal.
And if it is a big deal, that’s not my fault.
And if it was my fault, I didn’t mean it.
And if I did mean it…
You deserved it.


The New Tiananmen

15 year old Polish lad blocks a sodomite parade.

Think “Tank Man”, but with the power of the Cross of Christ.

Tank Man was dead within hours. Don’t be surprised if this lad is taken from his parents and attempts are made to “re-educate” him. Poland isn’t the Catholic paradise it is made out to be. Polish birthrates are 1.32, which tells you all you need to know about their sexual morality.

Ranger Doug Sings, “Virgen Maria, Porque Tu Llores?”

Over the transom from a reader after seeing the Riders in the Sky “Cattle Call” post.


While the villagers are sleeping
In their dusty desert town
You can hear a young girl weeping
In a stable tumble down.

While they sleep their sleep unknowing
She weeps so gently through the night,
Lit so softly by the glowing
Of a lantern’s flickering light.

Virgen Maria, porque tu llores?
El mundo duerme in tranquilidad.
Virgen Maria, lloraba con feliz:
Es la mañana de la Navidad.

Oh Mary, Mary, why are you weeping?
They’re tears of joy upon the birth
Of the Promise God is keeping
To bring mankind His peace on earth.

Saturday Jukebox by Request: Cattle Call

I’ll be humming this ear worm for a fortnight.

So… join me, won’t you?

Eddie Arnold originated “Cattle Call”, but, it must be confessed that when The Riders cover, much less with Ranger Doug, Idol of American Youth on lead yodel, the definitive version is re-established.

For all my cattlemen. God bless you and keep you, and banish all parasites and infectamenta from your pastures and pens.

The cattle are prowlin’

The coyotes are howlin’

Way out where the doggies roam.

Where spurs are a jinglin’

And the cowboy is singin’

His lonesome cattle call….

He rides in the sun,

‘Til his day’s work is done.

And rounds up the cattle each fall.

Singin’ his cattle call….

For hours he would ride.

On the range far and wide.

When the night wind blows up and slow.

His heart is a feather.

In all kinds of weather.

He sings his cattle call….

Evviva San Lorenzo.

Gian Lorenzo Bernini completed this marble sculpture of The Martyrdom of Saint Lawrence in ARSH 1614 when Bernini was FIFTEEN YEARS OLD. Since ARSH 1998 it has been one of the relatively few sculptures housed in the Uffizi Gallery in Florence, Italy.

St. Lawrence is one of the most influential and widely-beloved saints of the early Church. He was roasted alive on a brazier (grill). We need his intercession now perhaps more than ever.

St. Lawrence died joyfully proclaiming his faith. He prayed for the conversion of the city of Rome and the world.”

He prayed for the conversion of the city of Rome….

Saint Lawrence, Deacon and Martyr, pray for us. Pray for the conversion/reversion of Rome.

Bernini was fifteen.

FIFTEEN. As in five times three.

Fifteen YEARS. Not decades.


Since LOTS of people have asked: The “Siri Thesis” – NO, I don’t believe it is true.

The “Siri Thesis” is the conjecture that Cardinal Giuseppe Siri, the relatively orthodox Cardinal Archbishop of Genoa, Italy, was actually elected the Pope in the Conclave of ARSH 1958 after the death of Pope Pius XII, and thus remained the “hidden Pope” until his death in ARSH 1989.

I DO NOT believe this happened – but I do think that it is possible that Cardinal Siri won a ballot in the conclave of ARSH 1958, AND DECLINED TO ACCEPT THE PAPACY.

As we have covered in this space before in a guest post by Mr. Mark Docherty, the Papacy is bestowed upon a man, elected by the College of Cardinals, SOLELY AND DIRECTLY BY CHRIST WITHOUT INTERMEDIARY when and ONLY WHEN the man ASSENTS.  The Papacy is NOT bestowed upon a man by the College of Cardinals, nor even by the Church Herself.  So, even if a man wins a ballot, if he declines – FOR WHATEVER REASON, EVEN COERCION – Christ DOES NOT AND WILL NOT force-bestow the Papacy on anyone, ever. Makes total sense, right? God is a Gentleman, AND the best Human Resources Manager ever. For Christ to bestow the Papacy on a man who does not assent – FOR ANY REASON – would yield chaotic madness.  Chaos is of the devil.  Order and rationality are of God.

Cardinal Siri was an orthodox prelate – as it turns out, one of the last – and he never, ever gave ANY public indication of any kind that he was the Pope.  Consider for a moment what it would mean, both about Cardinal Siri’s personal character and morality AND about the VISIBILITY of the Church, which includes AT HER EARTHLY HEAD, if Cardinal Siri had, until his dying breath, engaged in a massive deception, resulting in multiple Antipapacies AND a vacant See after his death in ARSH 1989.  Sorry, but it is a terrible insult to Cardinal Siri to think that he would have done such a thing. Such a deception would be intrinsically wicked, devoid of ANY pastoral concern for the faithful.

So what about Pope Benedict Ratzinger?  Isn’t this situation very similar?  NO.  IT IS NOT SIMILAR AT ALL.

Pope Benedict XVI is in SUBSTANTIAL ERROR about the canonical validity of his attempted partial abdication in February of ARSH 2013.  He apparently mistakenly thinks that what he did was “in bounds”, and even in the best interests of the Church.  Yeah – I know.  I’m shaking my head, too.  Hey, he has earned the title “worst Pope ever” fair and square.

Furthermore, Pope Benedict XVI has remained TOTALLY VISIBLE AS THE POPE, retaining the dress, title, style (His Holiness), residence inside the Vatican, and even still gives the Apostolic Blessing specifically using the possessive pronoun “MY” – “My Apostolic Blessing”.

This is “God writing straight with crooked lines” in making sure that even in Pope Benedict’s ERROR, he is still, quite stunningly, VISIBLE TO ALL THE WORLD AS THE POPE.  Pope Benedict XVI asked Cardinal Brandmuller in a letter a couple of years ago, “What would you have me do differently?” with regards to his post-February ARSH 2013 actions.  The answer, IF Pope Benedict’s resignation had actually been VALID, is EVERYTHING.  ABSOLUTELY EVERYTHING.  Pope Benedict has done EVERYTHING exactly the OPPOSITE of ALL past precedent regarding valid Papal resignations. This is nothing less than the Divine Providence lighting this circus up like the Las Vegas Strip.

The Divine Providence, in His Goodness and Perfection, would have it no other way, since VISIBILITY of the Church, including at her earthly head, is the synthesis of the Four Marks of the Church – One, Holy, Catholic and Apostolic. God LOVES us.  God isn’t a ginormous jerk who is trying to trick us and give us the shake.  Quite the opposite.  He is “bending over backwards” in this totally bizarre and unprecedented situation to not just leave a trail of breadcrumbs, but to illuminate the trail with the Light of His Truth and Goodness.

I never cease to be amazed by the POWER of the Divine Providence.  God does WHAT He wants, WHEN He wants, WITH WHOM He wants – while always respecting the free will of every human being, which is the absolute mind-blower. We know intellectually what the word “omnipotent” means, but… whoa.  When you see it manifest, it rocks you.

So, bottom line, no, absolutely not, I do not believe that Cardinal Siri was ever Pope, although I think it possible that he could have won a ballot and declined, even possibly under nefarious pressure. Winning a ballot does NOT make a man the Pope.  ASSENTING makes a man the Pope, with the Office bestowed DIRECTLY and without INTERMEDIARY by Jesus Christ Himself.  To argue that Our Lord would bestow the papacy upon a man saying “NO!” for any reason is essentially to deny that man has free will, and assert that God Himself is an irrational, loveless bully (sounds kinda like “allah”, doesn’t it?)

Pray for Pope Benedict, still reigning, and for the Papacy, and for Holy Mother Church, spotless, indefectible, immutable and VISIBLE. Don’t forget to enjoin St. Michael the Archangel, protector of the Petrine Office AND guardian angel of the Sovereign Pontiff!

I hope this helps!

Here is the closing of the ARSH 2017 letter from Pope Benedict XVI Ratzinger to Cardinal Brandmuller that leaked last year.

“Let us pray, as you did at the end of your letter, that the Lord comes to the rescue of His Church. I bless with my apostolic blessing,


Benedict XVI”

Mit meinem apostolischen Segen bin eich….

Q&A: What is causing these mass gun/knife attacks?


1.) DEMONIC OPPRESSION (not possession – the humans are fully on board with the demonic, know exactly what they are doing, and are fully culpable)

2.) PRESCRIPTION PHARMACEUTICALS (specifically anti-depressants, anti-anxiety and anti-psychotic drugs, which ALL facilitate item #1)

It’s not rocket surgery, people.

I’ve been warning about this for years.  It’s going to get to the point that these attacks will be a DAILY OR MULTIPLE PER DAY OCCURRENCE, EVERY DAY.  The demons that were largely driven out of the North American landmass with the conversion of the Indians and the consecration of the landmass to the Blessed Virgin in the 16th Century are back, because of two primary factors: ABORTION AND SODOMY.  What is happening now before our eyes is simply a reversion to the demonic, pagan, hyper violent state of concupicent man in a land that has consciously rejected God.  It will eventually be the Aztec/Maya/Inca human sacrifice culture, plus the French Revolution, plus the inner city black hip-hop gang culture, raised to the power of Hollywood.

Stay confessed.