So the IMF floats the idea recently of having currency bifurcated into cash and e-money with a negative interest rate. If somebody tries to hide cash under the mattress the conversion factor into e-money takes into account the negative yield. I guess, e-payment systems will really be encouraged so there will be little escape. Then today stories are being floated that the Fed is considering QE as a permanent tool. WTF? I don't want to be forced into the casino but if I have to lose 3% per annum on my Tbills or CDs, that's really going to frost my butt. It's one thing if Japan or Europe go negative especially if the option of a postive yield on US Tbills is an option, but if the US goes negative ( ECB already talking about firing up their QE again), then there will only be one option left.