The world has officially gone mad. We now have Christine Lagarde, the new President of the European Central Bank (ECB), basically telling the world it’s now an option between having a job or having savings and it’s better to have a job. Wait. What?! Why are these our only choices? And don’t most of us work so that we can save, so that we don’t have to work?! Or is this perhaps something deeper and darker? Perhaps a message? A warning? Maybe, just maybe, Lagarde is telling the world that central banks are coming for our savings?
A decade ago it was subprime consumers and a handful of banks. And we all know what kind of systemic event that turned into. And in that scenario, Wall Street got the bail outs not main street. This time around, it’s too much debt at the household, consumer, corporate, government, and central bank level. So who is going to get bailed out this time? And where’s the money going to come from? You guessed it – your savings! Don’t say you weren’t warned. Don’t say they didn’t tell you. A major central bank just informed us that it’s more important to have a job than to have savings. That may be nice for those who have a job. What about those who don’t? Especially the millions of retirees around the world, which is only growing by the way due to the demographics situation. Not looking so good.
We imagine that if and when they take the savings, which they’re already doing in the form of negative interest rates, we’ll end up losing both savings and the jobs. But hey, you’ve been warned – so sit down and shut up. Keep moving. Nothing to see here folks. Meanwhile, people around the world on nearly every continent, are protesting the corrosive economic and political fraud that exists in every corner of this globe. May God be with these people as they fight for their right to live! Stay diversified, stay vigilant, and stay with The Kapital News. #Recession #EndTheFed #Economy #Politics #Fake #Rigged #Peace #Truth #Justice