Five years after beginning the global push for low interest rates and massive stimulus, central banks continue to have to do even more just to sustain economies from falling back into the Great Recession. And despite the fact that they also continue to jawbone the mantra that the economy is doing well, and in recovery, it is quite confusing that they seem to ignore the actual data, yet feel a requirement to intervene in greater and greater ways as if the global economy was on the precipice of collapse.
This is why two major data points this week should be warning signs as to the real state of the global economy, and why central banks have been casting their 'bread upon the waters' for potential policies like negative interest rates (NIRP) and the banning cash. And while ECB head Mario Draghi today didn't quite enter full tilt into NIRP on their lending rate, they did remove the last remaining basis points (bps) and took it full down to zero.
(1) The interest rate on the main refinancing operations of the Eurosystem will be decreased by 5 basis points to 0.00%, starting from the operation to be settled on 16 March 2016.
(2) The interest rate on the marginal lending facility will be decreased by 5 basis points to 0.25%, with effect from 16 March 2016.
(3) The interest rate on the deposit facility will be decreased by 10 basis points to -0.40%, with effect from 16 March 2016.
(4) The monthly purchases under the asset purchase programme will be expanded to €80 billion starting in April. - To the Death MediaYet Europe's continued economic woes are not the only signals marking a return towards recession and a coming collapse event. In China, where GDP growth declined to under 7% for the first time in several years, exports fell over 25% for the 4th quarter, showing that nations are finding it difficult to purchase goods for domestic retail, and validating the immense and historic drop in shipping via the Baltic Dry Index.
So with the global economy showing signs of a new recession, and central banks like the Fed, ECB, and Bank of Japan still implementing monetary policies that belie the propaganda of economic 'recovery', where does that leave you as an individual to protect yourself from markets that are sustained only with intervention, and currencies that are fighting one another to see who can devalue the most the fastest?
You can do so with the best performing asset of 2016... gold, and you can do this with the best company in the world that is built on helping you buy affordable gold no matter the swings in price.
Buying gold through Karatbars is one of the easiest things on the net. In fact, the business model of Karatbars is to sell gold in affordable quantities, such as 1, 2.5, and 5 gram increments, and allow customers to get into the metal without having to shell out $1200+ for a single ounce coin.
And as added perks to signing up with Karatbars, as a customer or affiliate, Karatbars is working on a new e-wallet system that functions just like an offshore bank account, and is outside the authority of the banking system. From there, you can take your fiat currency in any denomination... dollars, euros, yen, etc... and purchase physical gold which can either be delivered directly to you, or stored for free at one of Karatbar's vaults.
Additionally, any gold that you buy can easily be sold back to Karatbars, or any metals dealer, and if with Karatbars it is then exchanged for currency that is uploaded to you through a pre-loaded debit Mastercard which is connected directly to your e-wallet. And as we know, MasterCard is recognized in nearly every country around the world, and usable in any currency that accepts it.
But perhaps the best feature with Karatbars is their affiliate program, where you can earn money off commissions from getting others to sign up and become a customer or affiliate. Not only do you receive commissions from their purchasing of physical gold, but you also earn commissions from anyone who buys a commission package, with that money going directly into your debit MasterCard when you have enough units to cycle.
Imagine the ability to earn the money in which to buy your gold savings simply by purchasing a commission affiliate package one time, and then getting others to sign up and do the same thing.
How many businesses or entrepreneurs can build an infinite business with spending less than $400 of their own money? And there is never a mandatory requirement to buy beyond what you desire, on your own schedule. And there is nothing to lose, because you're using money (paper dollars) to buy gold (physical money) and in the end you don't lose a thing.