Sweden ditchs NIRP, now targeting ZIRP

Sweden has officially admitted that Negative Interest Rate Policy has failed by abandoning the policy and moving back up to the next level which is Zero Interest Rate Policy (ZIRP).  The underlying reason will never be admitted but the truth is their banks can't make enough new money at these low rates based on the hoped potential for increased transactions.  Instead, the policy is lowering their capital base by incentivzing people to withdraw their capital in order to avoid having to pay what are essentially storage fees for their cash.

So that's it.  The great experiment that everyone thought could go on forever has made its own weather so to speak causing the Swedes to give up on it.  They won't be the last to do so.  In the coming years we will see all kinds of excuses on why a collapse occurred and what could have been done differently to avoid it but at the end of the day the nature of a thing cannot be avoided.  It can only be pushed out.  Like for an aging human, each time some condition arises that threatens the life, exponentially more expensive measures must be taken if the life is to be extended.  Each time there is an extension it is not a new rebirth but rather the kicking of a can down the road.  And each time it is kicked it simply means that the next medical episode will be worse.

At the end of the day, medical people like to say, joe blow died of liver failure or of heart failure or of disease.  But when the patient is 96 let's just get real: he really died of old age and everything else was just a symptom.  And so will it be for our dying fake money system.  Each time it gets sick there is exponentially more effort put into saving the good old boy system but at some point it will die anyway and have to be replaced with something younger and better.  Our fake money system is about 105 years old in human years.  It's reaching the very limit of what is possible IMO.  The body is held together with duct tape, bailing wire, spit and hope.  When the breakdown comes it will be historic in nature.  Biblical even, perhaps.