Denmark

Having slashed rates below zero and unleashed various rounds of asset-purchases, the Riksbank (Denmark's central bank) recently warned the rest of the world that "we have reached the limits of monetary policy." Now, however, Denmark's Systemic Risk Council has raised the financial system warning level to DEFCON1, warning that low levels of interest rates have led to excessive risk-taking and risk illusion among borrowers and credit institutions...

Denmark just took a major step to eliminate food waste by opening their first ever food surplus supermarket. The store called Wefood opened in the capital city Copenhagen and will sell produce at prices 30 to 50 per cent cheaper than normal supermarkets. The Independent reports: Per Bjerre from the NGO behind the market, Folkekirkens Nødhjælp, said: “WeFood is the first supermarket of its kind in Denmark and perhaps the world as it is not just aimed at low-income shoppers but anyone who is concerned about the amount of food waste produced in this country.

I dislike the products of electoral politics for a number of reasons, and presently have no horse in the ongoing race.

“Welcome to Europe. Now gimmie that watch.”

That’s the greeting asylum seekers will get when they enter Denmark from now on thanks to a new law that will allow police to search refugees on arrival and confiscate anything worth more than 10,000 kroner.

The idea, apparently, is to help offset the cost of taking the migrants in by robbing them.

The war on cash is escalating faster than many had imagined. Having documented the growing calls from the elites and propagandist explanations of the "benefits" to their serfs over the last few years, with China, and The IMF entering the "cashless society" call most recently, International Business Times reports that Norway - suffering from its own economic collapse as oil revenues crash - has joined its Scandi peers Denmark and Sweden in a call to "ban cash."

By way of background, as we explained previously, What exactly does a “war on cash” mean?