Governments with mountains of debt are resorting to tax hikes and austerity policies.
All pensions are threatened…
Personally, I do not know the majority of living standards and what disparities are across 27-51 countries, so look at what is reported here and share your comments.
Is this (flip-flop) the IMF’s signal for escalating the Trade/Currency wars?
…institutional investors are once again beginning to fret about what might be lurking around the corner.
…while many had expected a difference to emerge, the degree of immediate animosity and disagreement caught most by surprise. According to Bloomberg, negotiations were bogged down on Saturday with the U.S. rejecting the latest German compromise on wording over trade.
“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
President Donald Trump said: ”All Currencies will be on an Even Level”…
When the economy shifts into recession mode, employers tend to start cutting back hours, and that is happening right now.