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European Central Bank Raises Interest in biggest rate hike ever

The European Central Bank (ECB) has raised the key interest rate by 0.75 percentage points to 1.25 percent. It is the largest increase in the bank's history.

Sadly for them, this is the only tool remaining in their financial toolbox - and it will NOT work.

Prices are rising out of control in Europe due to energy hyperinflation, which the central bank has zero control over.

Usually, central banks raise interest rates to halt inflation.  By raising interest rates, consumers have to pay more interest on their personal debts, so they cut spending, and that reduces inflation.

But now, it is government, and NOT consumers, who hold the most debt.  And government will continue spending no matter the price of their debt.

Consumers have already cut their debt load after several years of COVID madness, and so the effort of the central bank will be meaningless.

Energy costs will continue to rise because Europe has imposed economic sanctions upon Russia, and as a result, Europe must go to other world markets to buy natural gas and oil.  Those other markets are already supplying much of the rest of the world, so in order for Europe to get any energy, they must pay more.

Interest rate increases cannot affect that need for energy or the price of the energy.

As this trend continues, the EURO currency will lose more and more of its value.

Europe appears to be headed directly into a hyperinflationary collapse.  They have brought this upon themselves by cutting off their own energy supplies!

Comments   

+8 # RE: European Central Bank Raises Interest in biggest rate hike everGunner 2022-09-08 12:43
And then it will be on its way to Merica' - Hope folks are prepped up and as ready as they can get. Just amazes me even at this point of the game the vast majority don't seem to think we are facing a Severe problem so to speak.
# Forest GumpsHuskerMike 2022-09-09 01:31
Because we have a majority in our nation of Forest Gumps, not a clue, unless it’s re the NFL, NBA, MLB, etc.
+8 # The "income tax"joe@tittiger.com 2022-09-08 12:37
It's an aside but:
Without Lucifer's Income tax (the 2nd plank of his manifesto)

There would not be much personal or business debt.

Think about it. One of the big reasons for the income tax was to make sure that we had to borrow counterfeited money from them at criminal rates.
+3 # just plainNZ KIWI 2022-09-08 16:56
COUNTERFEITING is the PRIMARY THEFT TAX IS SECOND add on to punish opposition and reward DAVOS /BASEL/ PAPAL COMPLIANCE
+2 # RE: The "income tax"Eddamnit 2022-09-08 13:14
Yes, taxation is Satanic.
The scary number "666" comes from the tax.

Taxation is a personal sacrifice of your energy to the Wicked One.
+9 # If the Euro crashesoldschool 2022-09-08 12:27
The dollar is next.
# RE: If the Euro crashesoldschool 2022-09-10 22:05
Correction; It has been said that Germany will fall first, then Japan, then the United States. After that I guess it really won't matter will it.
+3 # I think you will see others go firstDogsncars 2022-09-08 13:41
I think the US dollar might be one of the last ones to go, not including Russia and the briks, but a lot of other smaller countries that are with our system will dump their money in our system to try and protect their wealth. But we are going down. We will break apart and be no more.
# Sad, and so many asleep at the wheel.MildB 2022-09-08 10:56
~
And the number 1 concern for voters in Michigan is ABORTION?

This is according to all the mocking "MEDIA" and polls sited by 760am and the Detroit News?

I couldn't tell you about TV or the cable propaganda, I am unplugged.

The commie "Whittler" add flood is just what the crack heads ordered.
+4 # █▓▒░ OFF TOPIC ░▒▓█Palehorse 2022-09-08 10:51
|

So Confident That They Now Just Shove It Into Our Face

Satanic Pentagram (with leather straps) proudly displayed on
chest of Biden's choice for the White House National
Monkeypox Response” Deputy Coordinator, Dr.
(demento) Demetre Daskalakis.


They want you to know just who is running their show and
they are proud of it, and it's in your face.
(And you can bet
he's a sodomite.
)

Photo:
https://www.thegatewaypundit.com/2022/09/meet-joe-bidens-national-monkeypox-response-deputy-coordinator/
+1 # Yuck,evolution14 2022-09-08 17:44
You ruined my breakfast! Another perv!
+5 # Sick and twisted and evilJessiebeaner 2022-09-08 11:08
Nuff said
+2 # RE: European Central Bank Raises Interest in biggest rate hike everRobert A 2022-09-08 10:30
Wow isn't that an F-ing peach Bank of Canada did the same bullshit just a day ago .75%. I am truly believing that saying, those that worship evil by their own rules must tell the masses what they will do BEFORE they do it. The world is being set up for a massive fail. What these Cowardly Fucktards don't realize is that those that NOW protect them will be the first to turn on them. So if they think they will survive these "apocalyptic" events they have created they are sadly mistaken.
https://www.bankofcanada.ca/2022/09/fad-press-release-2022-09-07/
+2 # They have alternative protection when TSHTFJessiebeaner 2022-09-08 11:13
They KNOW that their retired special forces NOW
guarding them will slaughter them and will become the real heroes in this mess…..Infiltration then assassination…….turning the devil’s game back upon evil.
These vile creatures have recently met with high level “thinkers” to figure out HOW TO PREVENT BEING ASSASSINATED BY THEIR CURRENT PROTECTORS.
THEY ARE TERRIFIED OF BEING SLAUGHTERED BY THEIR SPECIAL FORCES HIRES…..BUT THEY ARE NOT CERTAIN HOW TO GUARANTEE THEIR OWN SAFETY.
# RE: They have alternative protection when TSHTFWoulf 2022-09-09 01:45
When the "light" goes "green". Infiltrate, assimilate and assassinate.
That "black thing" you saw from the corner of your eye was "nothing".
+2 # RE: They have alternative protection when TSHTFGunner 2022-09-08 12:49
I would not be so sure about the military and former military types, not these days. Where is the military now?? They are completely corrupt and fully on board with this vile shit fest.
# not immoral :)chikquita 2022-09-08 09:56
https://tv.gab.com/channel/rt/view/not-immoral-if-no-one-knows-6318c968ce4507c4de3ce63b
# well, gee...SuperSoul1971 2022-09-08 09:22
looks like it's beginning to play out exactly as put forth on Aug 29th Thing is, if ur a little guy, you wont have funds to buy into the crashed/hyperinflating markets (probably good) but what good is a bunch of stock going to be if the companies you own go broke. Have beans bullets and band aids and anything and all you need to function- not doucheknot hipster dodads but basic tools. I dont get how being bearish has kept me broke. I have REAL things, and no debt. Because i've been "bearish" & I DONT BELIEVE IT'S COMING BACK" After 2008, the carpetbaggers came out of the woodwork and bought distressed property, & since then IT DID GO BACK UP, and if they sold it, they made a killing. If they did NOTHING with the money they gained, they have DOLLARS; If you got DOLLARS, you aren't there yet. WooHoo! I win!! I have LOTS OF DOLLARS... paper, and as the game table is upended, that paper is irrelevant- monopoly money only works, while ur playing, monopoly. Even one of Brasi's interviewees said, "even I only have a 50/50 chance of making it" so why would anyone buy back into a collapsing building?? HEY! HURRY!! THE SECOND FLOOR IS ON SALE!!! think Building 7... SERIOUSLY, I THINK I JUST MIGHT NOT UNDERSTAND, that im missing something.
+3 # Why would anyoneJessiebeaner 2022-09-08 11:15
Want to invest in and make money from such a vile and evil system??????
I think there will be an accounting for those who are willing to be part of this disgusting system.
# agreed, but in additionSuperSoul1971 2022-09-08 21:46
Quoting Jessiebeaner:
Want to invest in and make money from such a vile and evil system??????
I think there will be an accounting for those who are willing to be part of this disgusting system.

.. looks to me a good way to get screwed out of what you managed to have left.... I dont think its coming back, after it goes south...
+3 # ElitesLoki 2022-09-08 09:05
The western (satanic) elites did it to everyone else. They have brought this on the west b/c they want as many people to die as possible. Georgia Guidestones #1: "Maintain humanity under 500,000,000 in perpetual balance with nature."

That means getting rid of 7.5 billion people with the four horsemen of the apocalypse: Death (pestilence), Famine, War, and Conquest.

It won't do them any good, their conquest will be short lived (seven years) till Christ's return.
+1 # nojosey wales 2022-09-08 09:04
They have to raise interest rates in order to attract capital for the EURO.

As even Hal reported the flow of capital has been to the US dollar. That is the one of the only things propping up the US dollar.
+1 # Yes...Gulfcaptain 2022-09-08 09:15
Collapse by design. The people come second to the power and control of the bankers. Raising interest rates now when people are already strapped for cash and living on their credit cards and loans is bad timing, poor planing and outright crazy. That is, if the government really cared and served the interests of its people. It's obvious now they don't.
+1 # RE: Yes...Gunner 2022-09-08 12:56
We truly mean less than Zero to this clown ass ultra CRIMINAL cabal known as Govt. And we the people have sat back and done Nothing for DECADES. We have participated in our own throats being sliced wide open. . .
# nojosey wales 2022-09-08 10:55
Gulfcaptain,

It is not about the little people, it is about attracting capital.

We will all see western nations (UK & US) raising interest rates as this will be an attempt to attract capital into the respective countries. Even the British pound has hit a 40 year low.

Yes, the little people will "suffer" with higher interest rates, but they should not have gone into debt in the first place. So choosing to go into debt does have consequences.

Go back to cashing your government check and thinking all will be ok and that it will continue to be received.

Be well.

 

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