ZenOps
02-07-2015, 02:37 PM
http://www.zerohedge.com/news/2015-02-07/swiss-national-bank-hints-capital-controls
As always, take ZH with a liberal serving of salt.
However, they do have some ideas on what to do if/when the US declares Negative interest rates.
• I might even go to my bank and withdraw funds in the form of a certified check made payable to myself, and then put that check in a drawer.
This could be a viable option if access to cash bills starts to become problematic. Its also one step safer as noone can recieve the funds but yourself (cannot be easily stolen like cash) One only need be worried about stale dates, or bank transferrability.
Prepaying/overpaying utility bills is also a very good practice in zero or negative interest rate environments.
As always, take ZH with a liberal serving of salt.
However, they do have some ideas on what to do if/when the US declares Negative interest rates.
• I might even go to my bank and withdraw funds in the form of a certified check made payable to myself, and then put that check in a drawer.
This could be a viable option if access to cash bills starts to become problematic. Its also one step safer as noone can recieve the funds but yourself (cannot be easily stolen like cash) One only need be worried about stale dates, or bank transferrability.
Prepaying/overpaying utility bills is also a very good practice in zero or negative interest rate environments.