Friday, Mar 28, 2008
Parachute money = inflation = higher rates to fight inflation???
Bloomberg: ECB lends six-month cash as policy makers warn of higher rates
Anyone see the problem the ECB seem to be missing?
Posted by bystander @ 07:16 PM (314 views) Add Comment
4 Comments
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1. Tinecu said...
Parachute money = inflation = higher rates to fight inflation???
Correct.
So the Banks get rich again.
That's the plan as I see it.
2. Icarus said...
Parachute money = inflation = higher rates to fight inflation = strong euro = weak exports
3. bystander said...
Can't seem to post an article from the timesonline entitled "Goodbye Rip-Off Britain", which is a shame as it is very good and the comments below are worth reading: http://www.timesonline.co.uk/tol/comment/columnists/martin_samuel/article3634764.ece
This section stands out, especially when considering GB's real agenda, with regards to the sterling (IMHO he is deliberately orchestrating the demise so he can profit, the country can profit, from his astute busines acumen, rather than his ridiculously short sighted behaviour with 'our' gold reserves in 1999), enjoy:
"Brown got away with murder because he was Chancellor in the days when chimps could make money. In May 1999, he sold half the country's gold reserves during a 20-year low in the market at an average price of $275 an ounce. Yesterday morning the price of gold was approximately $946 an ounce. Brown bought euros instead, which have done well, but even so the cost to the nation of this mistake is measured in billions;"
4. Cristiano Barbaro said...
@Icarus
Parachute money = inflation = higher rates to fight inflation = strong euro = weak exports
And there you have it: the financial elites of the world basically want the fictitious money printing and paper obligations "economy" to reflate itself at the expense of the real productive economy which actually uses people with real skills and puts food on the family table. The result of the above equation will lead to the further dissipation of the real physical economy, and the eventual demise of the paper one as well, as people will consume less and less.
Just as a further confirmation of the financial elites' intent in not having any physical progress at all in the real world: Germany has just killed off its tentative program for the construction of a first leg of maglev train communication between Munich and its airport. Thyssen Krupp is selling the whole technology to China where they say it has more chance of being developed! What a loss to all of Europe (and where were the greens, when trains are much better than cars!). We can now add this loss to the following list which Germany has lost in terms of devlopment: 1. nuclear fission power, 2. manned space program. All real elements of a progressing physical economy, able to sustain myriads of other little industries.
Forward this way my fellow Europeans! With the leaders we have I won't be surprised if in a 30 year span we go back to ox pulled ploughs. My hat's off to China though, better start to learn the language of our future masters.