The Zika virus is the newest threat to humanity, especially pregnant women, so they say. Big Pharma is working feverishly to create a vaccine.  Chances are the vaccine will be created, highly profitable, and Big Pharma will be “held harmless” for injuries to those who were vaccinated.

Add GM mosquitos, birth defects, Brazilian Olympics, big profits, and the story becomes a huge distraction. John Rappoport has suggested there is more to the story.

There is money to be made on vaccines and GM mosquitos, and money to be lost if sales of pesticides and other chemicals are reduced. It is clear in which direction the politics will lean.

The Zika virus should remind us of other strange activities in the financial world.

——– Speculation and Sarcasm Alert ————-

What if we think of ZIRP (Zero Interest Rate Program) as a financial virus, created and distributed by the central banks, that infects pools of savings?  Symptoms are:

  • The ZIRP virus weakens and gradually destroys pension funds. Retirees, beware of this virus!
  • The ZIRP virus destroys income for personal savers. People saved for decades and now their savings yield little or nothing in interest.
  • The same has occurred with Insurance companies – they earn little on their bonds compared to what they previously earned.
  • Governments must (in theory) increase their contributions to retirement plans to supplement the decreased earnings due to the deleterious effects of the ZIRP virus. Consequently some governments are closer to insolvency and should curtail expenditures.  Retirees, this is another warning!
  • The bond market is further levitated in its 35 year bull market. This benefits the political and financial elite  …   until it crashes.

    • The ZIRP virus is a nasty virus that affects many people, pension plans, insurance companies, and government budgets. Central banks have concocted this virus and it has infected many pools of savings.

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