Prices are dropping quickly across the board in Asia, productivity is declining, private debt is soaring, growth is slowing, and the prospect of deflation is looming across the entire region. Indeed, deflation is possibly the biggest threat to Asian economies, not to mention global financial stability.
The Conservatives are in office for another five years with a long term plan to deliver a prosperous and more balanced economy. But with the mounting burden of household debt set to grow even further, we could be in for a bumpy ride.
Monetary reform is building momentum in the Netherlands. On April 21st 2015, the citizen’s initiative Ons Geld (Our Money) was submitted to Ms. Neppérus, the chairman of the committee for citizen’s initiatives of the Dutch Parliament, in the presence of five members of parliament.