Very Interesting but Stupid?

A thought floated through my brain recently. As well as indicating my complete misunderstanding of the structure of capitalism it did enervate me, strangely, I need to lie down.

Last week the Fed cut interest rate to 1%. See

This week the Bank of England Monetary Policy Committee is expected by some to make a cut in interest rates of 1%. (Heavens to Betsy!) See

OK so what happens if an interest rate goes negative?

It means that if the rate is -5% and I borrow £1,000 and hang on to it for 1 year and then give it back to the bank I get £50 for my trouble.

I like the sound of this and the money would be much safer in my hands, honest.....