Ask anyone in the US trying to live off interest income right now, like my 77 and 80 year old parents. Aren't that real interest rates in the US negative or thereabouts, and I read that was true following the bust in Japan.
(Except of course in the US as of now our money isn't trapped in the country, unlike Japan's back then for individuals and small business as mentioned in the article, or China, who's currency wasn't even internationally traded until a pilot scheme started in 2009, and is still, in the scheme of things, taking baby steps.)
Ask anyone in the US trying to live off interest income right now, like my 77 and 80 year old parents. Aren't that real interest rates in the US negative or thereabouts, and I read that was true following the bust in Japan.
(Except of course in the US as of now our money isn't trapped in the country, unlike Japan's back then for individuals and small business as mentioned in the article, or China, who's currency wasn't even internationally traded until a pilot scheme started in 2009, and is still, in the scheme of things, taking baby steps.)