George-Orwell-001

Orwellian Global Economy? “Backwardation”, Negative Interest Rates and the Gold Market – Bill Holter

We live in a truly messed up and Orwellian world if you will.  In many parts of Europe, interest rates are negative.  Savers “pay” for the privilege of banks to hold their money, lenders pay sovereign treasuries to lend, new homeowners who borrow to buy property are paid to borrow.  This situation where borrowers get paid and lenders pay also exists …