Swiss Helicopter Money
Swiss residents will vote on a referendum to pay every single adult a guaranteed income of around $2500 per month which is 30% of their GDP. Even though a new survey found many residents would continue working, this action will cause inflation, and if taken away, will crater their economy. Remember, there is no such thing as a free lunch.
The Deflationary “D’s”
Here are the four “D’s” that are making manic monetary policy ineffective…
1. Debt levels are too high.
2. Deleveraging has impeded the housing recovery and its multiplier effect.
3. Demographics point to an aging population in the West.
4. Disruption due to technology; such as, robotics and AI.
In the Collapse
The surest way to know if there is societal disintegration is if the criminals, that created the instability, openly admit it and are warning others. This is what central bankers, like the Royal Bank of Scotland, and the Bank of International Settlements, and the Federal Reserve’s Richard Fisher are doing now.
The Bank of Japan has just amped up the global currency war by adopting a negative 0.1% interest rate on current accounts held by financial institutions. The danger is that negative rates put the sustainability of the Bank of Japan’s policy framework at risk. Needless to say, other countries will fight to keep their currency relevant and this will likely snowball to massive inflation.
The U.S. State Department confirmed that the seven email chains on Hillary’s unauthorized email server would be withheld. The Secretary of Treason stated they were never classified; thus, they should either be released or the she, and her accomplices at the State Department, need to be indicted… Now! That will give Billy Clinton something real to quiver about. It’s not 1992 anymore.
White House Meddling
The FBI and the Department of Injustice are upset after White House Press Secretary Josh Earnest said the investigation of Hillary’s emails did not involve Hillary. Is this because Obama stated he did not see any national security implications to the Clinton emails? I think so. Unlucky!
A state of emergency was finally declared in Flint, Michigan after the city poisoned their residents with lead; however, now it gets worse. The problem has not been completely fixed; yet, the city is harassing the public for not paying for their lead-poisoned water.
Finally, please prepare now for the escalating economic and social unrest. Good Day!
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