At the Davos Economic Forum, nothing interesting happened this year. It was a cost-effective event in which there was nothing interesting than the two most popular news.
The first is a speech by US President Donald Trump, in which he expressed his complete enthusiasm for the negative rates of banks in the European Union and Japan. In what it completely coincides with the famous cryptoblogger and ECB chairman Christine Lagarde. “How cool it is to take a loan with a negative rate,” Trump said. “The Fed is doing wrong, which delays with lower interest rates in the United States, thus giving competitors an advantage.” Trump is hard to refuse logic. However, he does not take into account that the US dollar is not a national currency, but a world currency. If tens of trillions of US bonds are sold at a negative rate, then the default of the United States will be a natural consequence of such a policy. And the states will run to withdraw their reserves from the T-Bonds to gold and God forbid to Bitcoin.
Well, the second news, less boring - the Swiss authorities found two Russian spies, one of whom pretended to be a plumber. Both had diplomatic passports. True, they failed to prove their involvement in espionage, but the police found it strange that an ordinary Russian plumber earns so much that he has enough for a three-week vacation in Davos.
Bellingcat, funded from the budget of the British intelligence agency MI-6, has no differences in the factory of completely ridiculous news worthy of attention.
According to the Swiss police, apparently the alleged Russian plumbing spies were trying to find out secret secret information from world financial elites about how to get the world economy out of the crisis. Or guess the moment when, on the sidelines, one of the forum participants talks about the specific dates for the beginning of the end. Apparently, in order to take advantage of the insider, to shorten the American treasures or blue chips.
All this is funny and sad at the same time. It should be recognized that the option to survive the impending financial and economic crisis was not even seriously considered in Davos. Since it does not exist, and all forum participants understand this. Now no one believes in the miraculous overcoming of the recession, everyone is interested in only one thing: when the denouement. But given the experience of past crises, no one will tell you. Everything will be unexpected.
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