Fiction an Perspective

Dear Ladies and Gentlemen

„Beware of false knowledge, it’s more dangerous than ignorance.“ (George Bernard Shaw)

More and more angry people are leading to an increasingly hostile society cultivated by ruthless heads of states. Is this fiction?

Ladies and Gentlemen, I am fully aware of the significant location advantage I was born into, I am reasonably humble, and I am also of a rather liberal spirit. Is this combination fiction?

Open borders, free markets, access to education for everyone, the best should succeed, a global safety net for less fortunate ones, respect for different perspectives, and beliefs. Is this fiction?

In the summer of 1931, the global economic crisis hit large parts of the population hard. The Bank of England was forced to borrow USD 650 million from the Federal Reserve Bank of New York and the Bank de France to stay solvent. That year in August, the Bank of England’s governor was unable to cope with the exceptional strain by the crisis and had abandoned his work and gone for a cruise and a change of scenery. Today central banks work together more and better than ever. This was and is no fiction.

Today, the Swiss government is blasting well over 100 billion (this is far more than the EU or the US or any other nation is injecting in their economies on a per capita basis) into a by a Covit-19 weakened economy, leading to the fact that entrepreneurial risks and losses are socialized, while profits stay private. This is no fiction.

So-called real assets or tangible assets favor low-interest rates. Low-interest rates are here to stay for some time. While many of those proposing real (tangible) assets are taking advantage of higher asset prices thanks to these low-interest rates, they still bash central bankers for keeping interest rates low. This is no fiction.

…and it is hypocrite!

Ladies and Gentlemen, stay woke, keep your eyes open and do not get your vision blurred by cheap cynicism from people with doubtful academic credentials, change your perspective, try to get the fullest picture possible, talk to people who are of a different opinion and try to find out why they think the way they think.

And now, Ladies and Gentlemen, I wish you a good start into the day, a wonderful weekend and above all good health!

Yours truly,

Stefan M. Kremeth
Wealth Management
Incrementum AG

Tel.: +423 237 26 60
Cell: +41 79 303 48 39
Im alten Riet 102
9494 Schaan/Liechtenstein
Mail: smk@incrementum.li
Web: www.incrementum.li