AS I have been saying, if you have paycheck, property and pension you are a target for those who screwed up the economy, by issuing debt until it is out of control, and they will remain in control. Here comes central banker Steven King floating the plan, following up on the famous HSBC call:
They issued more debt than can be serviced by he assets behind them. Five times? 100 times? Who knows? First "structural reforms" (yet more changes in the patterns and practices of capitalism to suit the capitalists when they screw it all up) and then make old people work longer, maybe until death? When I do shop in the chains which are the only option for some items, I notice ancient checkers trying to load a case of beer into a your persons cart at check out. Also note, old folks don't tend to riot, so pick on them first.
They have announced what they will do. They have picked what categories, the aged and savings. If you are aged with savings, inves those in a business, one you would be happy to work until you drop dead mid-sentence, speaking to a customer, like a local bookstore, coffee shop, if you have it in you, plumber... whatever, but they have announced, this time for the elderly, "Arbeit Macht Frei!" You cannot escape, but you can create you own safe zone, self-employed in a small business. Get there soon. Don't be in the category marked for liquidation, so far only savings and retirement.
Feel free to forward this by email to three of your friends.
King goes on to outline solutions to a potential forthcoming recession, which is difficult to predict in an environment where debt is literally “out of control” and economic central planners have few bullets available to them. These include 1) reducing the risk of recession; 2) reverting to quantitative easing; 3) moving away from inflation targeting; 4) using fiscal policy to replace monetary policy; (v) using fiscal and monetary policy together in a bid to introduce so-called “helicopter money”; and 5) pushing interest rates higher through structural reforms designed to lower excess savings, most obviously via increases in retirement age.“We conclude that only the final option is likely to lead to economic success,” he said. “Politically, however, it seems implausible. As a result, we are faced with a serious shortage of effective policy lifeboats.”
They issued more debt than can be serviced by he assets behind them. Five times? 100 times? Who knows? First "structural reforms" (yet more changes in the patterns and practices of capitalism to suit the capitalists when they screw it all up) and then make old people work longer, maybe until death? When I do shop in the chains which are the only option for some items, I notice ancient checkers trying to load a case of beer into a your persons cart at check out. Also note, old folks don't tend to riot, so pick on them first.
They have announced what they will do. They have picked what categories, the aged and savings. If you are aged with savings, inves those in a business, one you would be happy to work until you drop dead mid-sentence, speaking to a customer, like a local bookstore, coffee shop, if you have it in you, plumber... whatever, but they have announced, this time for the elderly, "Arbeit Macht Frei!" You cannot escape, but you can create you own safe zone, self-employed in a small business. Get there soon. Don't be in the category marked for liquidation, so far only savings and retirement.
Feel free to forward this by email to three of your friends.
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