Negative yielding sovereign bonds are a form of capital confiscation and can be thought of as a stealth nationalization of the banks.

bantam inc jack duval multi-family office manhattan new york - Yield and Rates Table 2

Negative rates and negative yield curves made clear.

“The percentage you’re paying is too high priced. While you’re living beyond all your means/And the man in the suit has just bought a new car. From the profit he's made on your dreams." from “The Low Spark of High Heeled Boys”, by Traffic The world is now suffocating under a blanket of

negative yielding sovereign debt.  This phenomenon is perplexing to economists and laymen alike.  In this post, I’ll try to clarify how negative interest rates work and their implications. Chart 1:  Global Sovereign Debt Yields[1] How Negative Interest Rates Work Negative interest rates can be thought of as…