from The Janssen Report:
Today on The Janssen Report (#100): major restrictive policies on our ‘money’ are put in place and many people don’t even realize what this means. I dub it “economic fascism”. In this 100th Janssen Report I briefly explain what I mean by that. Basically it’s about the erosion of the wealth of the 99% for the benefit of the happy few, also called a ‘wealth transfer’.
There’s also some major Breaking News today: the US trade deficit (March) reaches a terrifying high at 51.4 billion US dollar, well above the expected 41.7 billion. Read more on Bloomberg via the links below (check: sources).
Australia is declaring war on deposits by introducing a tax on funds held in banks. Although these deposits are taxable at the bank level (for now), the banks expect to pass these costs on to their clients.
Similarly, the war on both cash and deposits has also begun in the US with JP Morgan Chase introducing a negative interest rate on major deposits, which will likely lead to the abolishment of cash in order to prevent customers from emptying their bank accounts and hoarding cash.
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