Dutch entrepreneurs avoiding negative interest by opening multiple bank accounts
Think about how ridiculous this is for a moment. It&#x27;s an easy loophole, and just more red tape and a bother. That&#x27;s also not really the issue though. The problem is rates in general. Trying to spur growth into a system where there is none. Forcing speculative investing because of poor central banking policies and tough economic conditions. Ultimately the backlash from this will be worse than if central banks had avoided interfering in the first place. However, the interference has allowed a free-for-all in inflation and asset repricing to attempt to shift the debt they created away from themselves and increase wealth for those with assets. So in a sense, it&#x27;s working. Robbing Peter to pay Paul. No one should be under the assumption anything else is happening here with these policies.