Governments with mountains of debt are resorting to tax hikes and austerity policies.
All pensions are threatened…
Brazil’s government moved to head off a crisis over allegations that meat exporters had bribed inspectors to approve tainted beef for sale and export…
“They and other central bankers have become the standard bearers of a system that can best be described as a reverse Robin Hood scheme, one that takes from the poor and gives to the rich. It’s just that in this tale, the ‘poor’ means everybody not in the top 1%.” […]
“Virtually everybody in the bottom 95% is being economically and financially sacrificed to bail out the prior bad decision of the central banks and their associated governments. And as that’s deeply unfair, it breeds resentment. Psychology tells us that resentment breeds contempt. And once there, relationship are doomed to fail. Our leaders have broken their covenant with the governed, and the governed are increasingly pissed. Expect that simmering anger to boil over at some point.” -Peak Prosperity
Rational people don’t bet everything on hope; they have a Emergency Plan.
Are You Ready For Monetary Reform?
Morgan Stanley laid off a number of senior investment bankers last week and cut bonuses by roughly 15 percent because of a decline in revenue from dealmaking and capital raising across Wall Street, people with knowledge of the matter told Reuters.
…Read on, and you will see a disturbing pattern.