by Claudio Grass, Claudio Grass:
Part I of II by Claudio Grass, Hünenberg See, Switzerland
The middle class in the West has been shrinking for years, but after the covid crisis and especially after the inflation explosion, whatever was left of it is now basically under threat of extinction. This has immense sociopolitical implications. When any society, at any point in history, becomes divided into haves and have nots, instability and dangerous tensions are quick to follow. The decline of Reason and respect for the fellow man and their property, feelings of injustice and desperation make any kind of debate and civilized dialogue impossible and the worst kind of “leaders” emerge to “represent” both sides.
QUESTION: Dear Martin
The push towards a digital economy.
Over the past year, we have repeatedly said that the endgame for this particular episode in central bank stupidity will be when the Fed is dragged, kicking and screaming, into hiking the US inflation target (read this, this and this).
French bakers are another casualty of the war in Ukraine. They demand government support to keep producing baguettes.
