We have seen raging inflation in many a sector during this long ZIRP central bank money printing depression. This peculiar depression with so much inflation and bubbles has resulted in the rich getting filthy rich and the lower classes hammered to the point of rebellion and destruction. The central banks who created this disaster are frantically trying to fix it but of course, the banking disaster is part of the free trade disaster. They are hitched to each other like Santa’s reindeer. And the European Union is now a sled drawn by one lame reindeer, one shot in the chest, one drugged up, one on strike. So it is skidding to the earth. No surprise. Boycott a major buyer/supplier is destroying the EU economy. Thank you, NATO. Thanks a million, Bilderberg gang.
Right on the heels of the Swiss franc shooting up in value against the euro, we have this headline in Germany: Economists Say Handing Out Cash Could Help Euro Zone Economy – SPIEGEL ONLINE
The logic behind the idea is that recipients of the money will head to the shops, helping to turn around a paralyzed economy in the common currency area. In response, companies would have to increase production and hire more workers, leading to both economic growth and a needed increase in prices because of the surge in demand…
One thing, after all, is becoming increasingly clear: Draghi and his fellow central bank leaders have exhausted all traditional means for combatting deflation.
The failure of these efforts can be easily explained. Thus far, central banks have primarily provided funding to financial institutions. The ECB provided banks with loans at low interest rates or purchased risky securities from them in the hope that they would in turn issue more loans to companies and consumers. The problem is that many households and firms are so far in debt already that they are eschewing any new credit, meaning the money isn’t ultimately making its way to the real economy as hoped.
Wading deep in red ink the last thing you can do is dump more printed money on the bonfire. All it does is wreck savers who are not in debt. But it can’t let the debtors take on more debt, that is lunacy and it doesn’t work. The US gets away with this because the vast majority of our money printing flows off to the EU, Middle East and Asia where we have endless trade deficits. The EU doesn’t have that luxury. The EU is a collection of often hostile language/states that hate each other so much, every 30 years or so, they tear each other apart in wars.
The US has a lot of interior hatred but the last time this led to a vast war was in 1860, over a hundred years ago. Europe has a terrible track record for intramural mass murder total destruction wars. By the way, speaking of the US, the guys who claim not using NASA but private business to go into space are doing this via a Billion-dollar deal: Russia to sell space rocket engines to US company. They are offshoring our space program! HAHAHA. And then selling this to our government. So much for ‘winning the space race’.
Saudi Arabia to build 600-mile barrier to defend Kingdom from ISIS which is their own creation. Like a Frankenstein monster, it is turning its hive mind towards attacking the Saudi royals who are infamously corrupt and evil not to mention fat. The Saudis are also losing money as the spigot of oil profits plummets. I predict they will fall faster and more furious than Putin, by a long shot. This wall won’t stop ISIS from penetrating from within.
Violent Anti-African Race Riot Rocks Israel, Black Men and Women Beaten: news totally hidden from view in the US. We are not allowed to know that Jews are persecuting, murdering, lynching or abusing African blacks and Palestinian natives. Israel is one of the most racist nations on earth.
Residents of a low-income Tel Aviv neighbourhood descended to the streets, waving Israeli flags and chanting “Deport the Sudanese” and “Infiltrators get out of our homes” to protest against the increase of African migrants moving into the area and the country.
The protest rapidly turned violent and police arrested 17 people with charges ranging from assault to vandalism. Some of them were still beating up migrants when they were arrested.
Japan asks U.S. publisher to change ‘sex slave’ reference in textbook as the Japanese fascists rewrite WWII crimes to hide Japanese viciousness. Note how this news barely appears in the US or is mentioned by anyone here. China notices! The Japanese still run trade surpluses with the US. We should hammer them on this issue and punish Abe and his gang, not enable them and encourage them. This is another sign that US diplomacy has collapsed into a sorry heap.
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