The central bankers are simply crazy, not evil. They are trying to steer the economy by utilizing this simpleton theory that if you make something cheaper, someone will buy it. Japanese and German cars managed to get a major foothold in the U.S. because the quality of U.S. manufacturers collapsed, thanks to unions. The socialist battle against corporations forgot something important – the ultimate decision maker is the consumer. The last American car I bought in the 1970s simply caught on fire while parked in my driveway. Another friend bought a brand-new American car and there was a terrible rattle. When they took the door panel off, there was an empty bottle of Coke inside. Cheaper does not always cut it. Gee, shall we cheer if the stock market goes down by 90%? It would be a lot cheaper. Why does the same theory not apply?

Then we have the trading public. If the central bankers have gone crazy with this whole negative interest rate theory, then the public is simply out of their minds. The euro rallied because Draghi cut rates further, extended the stimulus another year, increased the amount by another 33%, and then declared rates would stay there for years to come. And these insane traders cheer. Unbelievable! They are celebrating the public admission of Draghi that all his efforts to date have failed, so let’s do even more of the same. And they love this nonsense? Negative interest rates have become simply a tax on saving money and the stupid traders and media writers love it. The Fed tries to raise rates and they say – NO! This is a stunning combination of admission and stupidity that one would expect from a pretty but clueless girl and her drunk college boyfriend who can’t say no to any girl:

“I asked John if he slept with Karen and got his admittal!”

“Oh that’s cool, I think it’s probably about time you stopped drinking.”

All they see is that lower interest rates “should” stimulate but ignore the fact that they never do. They are too stupid to grasp the fact that raising taxes cannot be offset by lower interest rates. People judge everything by the bottom-line and not some crazy theory that just stupid. A simple correlation study by a high school student in math class would prove this theory does not correlate to expected outcome. And we cheer this insanity confirming our own overall stupidity and one is left wondering who is crazier? I suppose it is just that central bankers are crazy and the public, as well as the media, are just out of their minds.

It reminds me of the old TV commercial by Wendys:

Our long-term projection models targeted March 13/14th, 2016 for when the confidence in the EU would begin to crack much more profoundly among the average community. Indeed, the general view about the EU’s future has begun to to just plummet as reported in every member state (28 in total) with the exception of just three: member states, most strikingly in the Netherlands and Germany, where people are now overwhelmingly negative about the outlook for the union. Where the EU remains with the smallest amount of pessimists is actually Ireland coming in at 20% with Greece leading the pack at 63%. The pessimism has increased by 20% in the past year alone. It appears the computer has again successfully targeted the correct period but this feat is accomplished by looking at the business cycle. It is very clear that once the cycle turns down, confidence collapses.

In Britain, 44% of the population are now against staying in the EU. Clearly, the number one issue has been the wholesale migration ushered in by Merkel or Islamic hordes. David Cameron announced the referendum would take place June 23rd. He initially agreed to such a vote because he never thought in a million years the British would vote to get out. Now the polls have narrowed and despite the media supporting Cameron and the EU, they seem unlikely to with their brainwashing campaign to stay in Europe. Despite the fact that Cameron has been trying to use scare-tactics against his pwn people to stay in the EU, he has also said that his authority rests on holding the vote on British membership, and that does not mean winning it. Cameron has no plans on stepping down if the people vote to for BREXIT. The likelihood of the British votes being rigged is EXTREMELY HIGH, because Brussels fear a contagion and since 25 out of 28 member states have seen extremely high pessimistic view of Brussels, you are looking at a massive loss of government jobs so it is unlikely Brussels will simply go quietly into the light.