EU Impose Negative Savings Rate Claiming Falsely That There Is No Inflation!


ZIRP lending and raging gasoline inflation

ALFRED Graph – ALFRED – St. Louis Fed: Starting in the 1990’s, our government and Europe’s elites all removed the very vital energy and food data from inflation statistics which then allowed them to devalue capital from savings and have artificially low interest rates. This, in turn, has made speculators and bankers very, very rich and spawned one equity/asset bubble after another.  Which, in turn, has driven many governments deep into debt and wrecked the banking system and made everyone who is middle class and poorer, much, much poorer.  This raid on capital is destroying capitalism.



Europe Likely to Get Negative Interest Rates. What Does That Even Mean? –

The theory is that when it becomes more costly for European banks to keep money in the E.C.B., they will have incentive to do something else with it: Lend it out to consumers or businesses, for example. Or if negative rates make it less attractive for global investors to park money in Europe, it could cause the euro to fall on currency markets, helping reverse a rise in its value that has made European exporters less competitive….


(For example, if you have 10,000 euros in an account and the bank starts levying a 25-euro maintenance fee, you’ve just effectively received an -0.25 percent interest rate.)


ALFRED Graph – ALFRED – St. Louis Fed

food inflation rages beginning with Reagan

The inflation statistics for the US is the same for the EU.  This insane economic system isn’t working, it crashes into walls.  The entire point of having central banks was to prevent banking bubbles.  Instead, the elites running these central banks view them as the backstop for bubbles and so we have even more and bigger crashes (the infamous 1929 Crash was caused by the Federal Reserve newly created just before WWI).


Note that the Bilderberg elites running the central banks of the EU confederation is going to war with Russia who is solvent and has lots of energy reserves and at the same time, the EU wants a weaker euro so they can export to… the USA!  Which is running the world’s biggest trade deficits and has done this for decades now.


The entire deliberately weakening a currency via ZIRP was pioneered by Japan and we see the result of this: society dies.  Everything falls apart.  The destruction of capital leads to destruction of labor.  Internal sales are collapsing more and more as the government tries, via government spending which is out of control in Japan and punitive banking confiscation of savings, the yen has weakened by it has not helped one Japanese worker.


The workers in Japan and EU are giving up.  No more children.  No more families.  No more hope.  They shuffle along, increasingly alone, populations decline while in the EU, foreign labor pours in from Africa and Eastern Europe bringing crime and collapse of social services.  This ugly cycle has made the very rich very much richer so they want to do this more and more, not fix it.


And here is my letter to the NYT:


The so-called ‘capitalists’ in the West have worked insidiously to destroy CAPITAL for over a decade now.


This, not communism, is what is killing capitalism. Telling us that profit and savings are not valuable is due to the wild money creation out of thin air that the central banks have been doing ever since the lending bubbles burst.


These bubbles were due to too much lending at too low an interest rate and the bankers bailed themselves out by raiding the central banks who handed out loans to them at zero interest which is theft of capital.


Now they want to punish anyone who saves money in order to start inflation? Sheesh!


We have raging inflation in food and fuel! This is hammering everyone very hard. There is less and less money for other things due to this raging inflation.


Seriously, for the Bilderberg gang to complain to us about no inflation while they created raging inflation for us is painful.  Sinful, even.  Cruel and malicious. They claim they are fighting for ‘freedom’ while enslaving us.  Hundreds of pro-Russian rebels killed in fierce attack by Ukrainian forces as Obama tells Nato allies ‘you’ll never be alone’ because the Russian system is supposedly worse than our own.


Our system which lies about basic statistics, data and analysis, is in full collapse.  The separatists in Russia will be crushed by NATO and the dismembering of other nations opposed by the Bilderberg gang will continue to see uprisings armed by NATO and will be chopped apart brutally while the EU and US enforce draconian rule of anyone inside this Bilderberg machine posing as ‘nations’ while killing sovereignty.


The US isn’t a sovereign nation, either.  Vladamir Putin’s incredibly sexist put-down of Hillary Clinton where he chides her for ‘Hitler’ remarks ( Netanyahu is Hitler, for real!) makes headlines in the propaganda game for it is OK for our diplomats to talk smack but everyone else has to be painfully polite.  The Prince of Wails (sic) did the same thing and he and Hillary met at the most recent and past Bilderberg meetings so I assume they all are calling Putin ‘Hitler’ at these meetings which is hilarious coming from a bunch of neo-fascists.


The West shows no willingness to defend freedom against Russia – The Washington Post editorial written by fellow Bilderberg publisher, what is this ‘freedom’ thing?  Are the people of Egypt ‘free’?  Libya?  Iraq?  Anyone?  Are we free?  Do the people of the EU have any say in how their banking system operates?  Immigration?  Petty laws covering all sorts of normal activities?  They have NO SAY in any of this, no way of voting except to do what UKIP is doing?  A revolt which has the Bilderberg gang spitting mad.


Russia’s actions brought back multipolarity to the world – France’s Le Pen, the new leader of the French National Front party that won huge advances in the latest election there.  The right wing recognizes that Russia’s nationalism means protecting the nation which the Bilderbergs hate.  They want to have no sovereignty for any nations so they can rule in a shadow operation that voters can’t stop.


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Filed under .diplomacy, .money matters

13 responses to “EU Impose Negative Savings Rate Claiming Falsely That There Is No Inflation!

  1. Jim R

    Crude just dropped a tiny bit this morning.

    Now it’s only $101.73 … see, there’s no inflation /sarc

    Never mind that it was less than 40 just a few years ago

  2. larry, dfh

    A timely article on this subject. seems the effect of Obama-care is the only positive aspect to the present economy.

  3. Petruchio

    Elaine: any info on the reported dumping of Treasury’s? It was reported that Belgium had supposedly purchased $141 billion in Treasurys, which of course is preposterous. Belgium could not purchase that much in Treasurys with the size of its GDP being what it is. It is believed that the Fed is buying Treasury’s using other countries as phony proxies. I’m wondering if this deception on the part of the Fed signals genuine panic on the Fed’s part and when will the stampede out of Treasurys be to great to cover up? And, any ideas who may be dumping their Treasurys? I suspect the bigger Treasury holders are doing so, China being the leading suspect, imho.
    The ruling class lies about inflation, they lie about unemployment. The government staistics no longer consider people who have been out of work for more than six months to be unemployed. They aren’t counted in the unemployment stats. Now, how hones is that? Not very.

  4. Joseppi

    When it’s obvious to a lot of foreigners, that the US prints dollars, like a mass produced assembly line factory, to buy a steroid pumped-up US military to harass Russia and China, pay for proxies to do the same, while gluttonously consuming imported precious resources and cheep products from around the world…..Let’s all sing together – How much longer can this go on?

  5. nclaughlin

    Petrucio, this subject has been covered by Paul Craig Roberts. If you got it from him you should have provided a link. Here it is:

  6. emsnews

    ALL the central banks are playing ‘pin the tail on the piggie.’

  7. hans

    Hundreds of pro-Russian rebels killed in fierce attack by Ukrainian forces as Obama tells Nato allies ‘you’ll never be alone’

    Maestra, you know better then most, quoting the Daily Mail, in fact there was a serious crime commited by the UA against it’s own soldiers in Simonafka, see this

    Please try and give a balanced view.

  8. luc

    This sounds like the USA:
    The workers in Japan and EU are giving up. No more children. No more families. No more hope. They shuffle along, increasingly alone, populations decline while in the EU, foreign labor pours in from Africa and Eastern Europe bringing crime and collapse of social services.

    You are aware of the ‘child dumping’ by Mexico and CA on USA? Yes.

  9. JT

    EU has to do this since ECB has no mandate to buy government debts directly.
    Federalists hope that eurobonds are the answer, but that will not happen, it is politically impossible.
    (they do it via banks though).
    In the US is is simpler.

  10. Mike Gibbs

    “This raid on capital is destroying capitalism”. Once again Elaine you have nailed the essence of the issue.

  11. El Kabong

    China’s Export Gains to Cushion Growth as Imports Slump –

    4 trillion in international trade this year….

  12. Pingback: The UK Economy Nightmare... or Dream...

  13. Pingback: Keeping in the bank costs! | The UK Economy Nightmare... or Dream...

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