[Editor’s Note: Today’s note was penned by one of our international contributing editors.]
Yesterday I called my bank in Denmark, Nordea, and couldn’t believe what they told me…
They offered to lend me money at MINUS 0.12% for a ten-year mortgage.
In other words, the bank would PAY ME to take out a loan.
Of course, as a Sovereign Man editor, I’ve written a lot about negative interest rates. But most of these cases were always reserved for big banks or institutions.
That no longer seems to be the case…
Now, negative interest rates ARE the norm. Thousands, if not tens of thousands of Danes will go out and take out mortgages that will pay them every month.