Negative interest rates! Does this mean that the borrowers are going to earn interest on the loans they make? --- Two Federal Reserve Bank publications show that bank loans are not loans at all, but are really, creations of new money - "Modern Money Mechanics" and "Two Faces of Debt." As creations of new money, there is no debt (at least not at the time the borrower receives his money from the bank). All of his payments to pay off the fake loan are really donations to the bank. See http://www.quartzmoon.com/bankdebt/index.html from a former bank CPA that shows all this. In addition, search on "Tom Schauf how lending works" - https://duckduckgo.com/?q=tom+schauf+how+lending+works&ia=web.