The whole idea of a One World Government that began in Europe with the Treasty of Rome was based upon the idea inside Europe that a single government would end war. They never considered that there are two sides to that coin – international war and internal war we call revolution. As Thomas Jefferson said: “I hold it that a little rebellion now and then is a good thing, and as necessary in the political world as storms in the physical.”
The ECB’s policy of negative interest rates was supposed to create rising inflation by forcing people to spend. They cannot understand that raising taxes is the offset. You cannot spend what you do not have and you will NOT spend as long as you lack confidence in the future outcome. Draghai’s policy is a fool’s dream and the collapse in bond markets demonstrates those who think they can manipulate society are just out of their minds.
The difference between those in government and the private sector is monumental. The private sector, no matter how big the corporation, they seek to stimulate sales by providing what people want at the lowest cost to sell more, gain market share, and increase profits. Government functions precisely opposite – they seek to manipulate society with the big stick always threatening to punish – never reward.
The private sector, lacking the guns and tanks, no matter how corrupt the conspiracy theorists portray them, realize that they must stimulate more business only with the reward model. Even Henry Ford raised wages to $5 a day (when a Model-T was priced at $260) to try to stimulate a higher living standard recognizing the higher the standard, the more cars he would sell. Of course there are the assholes who claim Ford’s idea wouldn’t work citing Boeing as an example because the people do not buy its products. They stop shy of the fact that it costs less to fly and that generally the price of an air ticket is 50% tax.
Until there is someone with some real world experience in trading that step up here, there is zero hope that these people will do anything right.
Full article: Failed Dreams & Destroying Europe (Armstrong Economics)