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!
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.
The scary number "666" comes from the tax.
Taxation is a personal sacrifice of your energy to the Wicked One.
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.
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.)
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.
That "black thing" you saw from the corner of your eye was "nothing".
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...
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.
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.
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.