An elderly friend once advised that if you keep on rebelling, you will end up like a dog in the middle of the lake, not knowing which way to swim. He's pretty good with these analogies of his. And now, we see whole nations in that exact state. Highly educated people not knowing what to do to put things right.
This recently from Deutch Bank: "Banks might also pay borrowers to buy houses via negative interest rates.". Apparently central banks in Europe are wrestling with the problem of being unable to trigger economic growth through quantitative easing which has benefited largely the very rich by merely increasing the size of the numbers on their business balance sheets. The "trickle down" ain't apparently happenin' either in America as 47 percent of Americans can't come up with 400 bucks in an emergency without borrowing or selling something. Hmmm, maybe if they would have simply handed the cash to the masses in the form of "helicopter money" and let it trickle up for a change? Oh well.
Next plan? Reduce interest rates into the negatives and punish selfish people for depositing money in their pathetic little bank accounts. Or maybe banks could even pay them to buy houses! Oh and yes, of course another wealth tax. This shore or that shore, where should we swim?? Do you still not smell the panic arising in the halls of power? It's almost as if the money we are using in our daily lives has lost all of its value and we just haven't realized that quite yet!!
Pity those with fixed pensions they are counting on and all those dependent on the stream of payments they are living on whether earned or unearned. These payments may in fact continue to arrive on time but the only realistic means of paying off trillions of dollars of national debt is to devalue the currency which at least a few nations have already done, Venezuela for one. Absolute panic and chaos has resulted with incredible shortages of basics. Government employees are reportedly down to a two day work week with even electricity in extremely short supply. Oh, and the coroners can't keep up with all the new business being generated by Venezuala's failed dalliance with "socialism". Why work when everything is free?
Of course, devaluing the currency to pay off a national debt results in unbelievable levels of inflation making it impossible for those whose pensions have been devalued to go on meeting expenses for luxuries like food.
Well, apparently we aren't quite there just yet. First we can try penalizing people for saving money with a savings tax and then we can tax the rich lard bottoms some more and if all that fails we can start up the printing presses and starve everyone.
All I can say is keep an eye on your overlords when they come a knockin' and tell you "gimme a buck, I know your Dad." It might just be some kind of a trick!