We also have local politicans spout nonsense like “we’ll issue special bonds and get people to transfer their savings into gov bonds, since banks don’t give them any interest on their savings and gov bonds are awesome in comparison.” All savings are third-party managed assets already. Moving them from one spreadsheet to another is meaningless, but it all sounds like they have our best interests at hart, realy. 🤦♀️
Discussion
Ah, but there's a method to the madness. If people sit on the savings, instead of spending it, then you transform those savings into a vehicle that the government can spend for them, and you hand them a government IOU and pay them higher interest, to make it more palatable.
I know. It just seems so transparent to me, that this is a play, that I have a hard time believing that anyone takes this at face value.
The people who would be unnerved by this have long since moved their savings out of the bank.
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Like using the savings money to arm the country to attack another and get some _lebensraum_?