In europe now you pay the banks to hold your money..negative interest..

http://www.zerohedge.com/news/2014-06-05/nirp-has-arrived-europe-officially-enters-monetary-twilight-zone

Bloomberg reports that "European Central Bank President Mario Draghi is contemplating taking interest rates into a twilight zone shunned by the Federal Reserve. while cutting ECB rates may boost confidence, stimulate lending and foster growth, it could also involve reducing the bank’s deposit rate to zero or even lower. Once an obstacle for policy makers because it risks hurting the money markets they’re trying to revive, cutting the deposit rate from 0.25 percent is no longer a taboo, two euro-area central bank officials said on June 15... “The European recession is worsening, the ECB has to do more,” said Julian Callow, chief European economist at Barclays Capital in London, who forecasts rates will be cut at the ECB’s next policy meeting on July 5

I'm not sure if y'all recall... but right after the dot com crash and 9/11... the fed began manipulating the interest rates.

That's a trigger... just as sure as cash for clunkers was intended to be. That's when I knew w was just another progressive.

He just wasn't bright enough to know it... like much of the right that wants their govt interventions.

cant be true, Europe is the model for the world.