[VIDEO] Cashless Society & Negative Interest Rates
CEO and Wealth Educator Stuart Zadel is in Stockholm, Sweden – and shares his thoughts and ideas on ways you might protect yourself against ‘bail-in‘ laws; how you could get better returns on your money; plus an update on God’s money (Gold & Silver), and the people’s money (Cryptocurrency), both which are on the rise once more.
I’m recording this from downtown Stockholm in Sweden – where I’ve flown into, on my way to a wedding in Estonia (not my wedding!).
I chose Sweden because it’s close to Estonia, but more importantly, because they are the closest country to becoming the first cashless society in the world…
Plus also, they have the second highest negative interest rates in the world, at negative –0.05% (Switzerland is –0.075%).
This means you effectively have to pay the banks ‘rent’ to hold your money for you and most of the society runs on credit cards – though there has been a backlash against this in recent times, especially since the entire European Visa card network went down last year for a period of time.
The Scandinavian peoples’ mentality is known to be one of the most practical, common sense, and respectful in the world…
But their monetary mentality and obedience to negative interest rates seems crazy to me, and I had to come see it for myself.
(Conspicuously absent, I see virtually no signs of public camera surveillance, unlike that which has exploded in Australia in recent years, and also haven’t seen one police officer, except some armed guards around the banks).
As you read this, the Australian Prime Minister has sneakily introduced cash restricting laws into parliament with a very short public comment period, in a process which I believe is designed to introduce negative interest rates in Australia…
And simultaneously eliminate cash to prevent you withdrawing it, which will lock you into the failing banking system.
(They fired the first shot in 2018, when they secretly introduced bank ‘bail-in’ laws on the 14 February, Valentine’s day right! If you’d like to see more on that, visit this website: https://cecaust.com.au/videos)
So, I’ve recorded a video on all this whilst in Stockholm, just with my thoughts and some ideas like:
> If you wish to protect yourself against ‘bail-in’ laws, consider withdrawing most or part of your cash while you still can and hold it in a safe secure location.
> If you wish a decent return on your money, consider investing in Commercial Property (Gift of the Month below) and our Airbnb strategies.
> Next, God’s money – Gold and Silver – are currently breaking out right now and it’s the only monetary asset that has no counter-party risk, provided you are in physical possession of it.
> Finally, the people’s money, Cryptocurrency, after it’s huge 85% collapse since last January 2018, has risen about 300% in recent weeks and could well break out from here. Watch this space.
To paraphrase Sam Smiths’ James Bond Theme song lyrics: ‘To keep your cash, you’ve gotta withdraw it all, because the writing’s on the wall’.