Bloomberg knows very well the answer to this question: How Does Norway Achieve Inflation When Others Can’t? – Bloomberg Business but will NOT tell readers of his ‘news’.
Once upon a time, the only thing one could park in a central bank vault to support the value of paper money was GOLD. And silver. All coins of responsible societies were made from copper, gold and silver. Countries with fake money used cheap metals like zinc. Paper money was invented by the Chinese to replace gold only they discovered this created inflation due to money printing and adding zeros is laughably easy.
The push to the New World was due to all the gold and silver there that was used only for decorations. The Europeans needed gold to fund wars which required real money, not paper promises. This flood of gold and silver made existing gold and silver cheaper so there was ‘inflation’ but that was fixed by using this metal bounty for religious wars which raged maniacally for generations.
Now we have near-universal paper money as the basis for all banking values. Central banks hoard each other’s paper promises and this is due to global trade: if you degrade your money faster than your neighbor, you can flood these with your own exports! So everyone does this particularly to the US which runs epic, gigantic trade deficits with nearly everyone who hoards US dollars which are all paper IOUs, not real money.
After shocking with a cut in March 2012, Olsen kept interest rates unchanged for 1,000 days while signaling he may ease again to keep currency traders at bay instead of being bullied by what some called a housing bubble. As plunging oil prices now add to deflation woes in Europe, Olsen can boast 2.4 percent inflation.
The bank’s “dirty float is quite obvious,” said Anna Raman, a senior economist at Nykredit Markets. Lowering rates as the economy was strong, unemployment low and housing “red-hot” revealed Olsen’s hand, she said, adding the bank has “over the years targeted inflation, wages or currency to its liking.”
ALL FLOATS ARE DIRTY. The entire system is dirty. It has been bloody dirty for the last 50 years. It is designed to be dirty. It is a trick. It also led to this insane ideology that INFLATION IS GOOD. Debasing currencies is REQUIRED. The trick being, when and how you do this dirty game of debasing the currency!!!
Thank you, Bilderberg gangsters! You guys did this. This trick is entirely your own and rides on the back of the central bank trick game played back 100 years ago. The entire system is dishonest in the extreme. The bankers know that all currencies when based on paper, and remember, the Chinese figured this out way back before 1400, all paper currencies go into inflation and lose over 90% of its value over time and drives out real money.
This is why we no longer have any real gold/silver/copper coins in common circulation anymore.
Central banks that have real money (metals) in storage as its basis is immediately used by the paper money guys like the Swiss learned, to elevate the value of their fake money. The other trick being played on everyone is how energy, food and other life and death commodities are excluded from the inflation statistics which is stupid.
It makes a fake situation faker. And anyone with raging inflation like the US has had, while claiming there is less than 1% inflation, is fraud. It is a toxic wasted dump of a dirty trick. And kills millions as their savings evaporate and fixed incomes no longer buy the means of survival.
209 Greenhollow Rd
Petersburgh, NY 12138
Make checks out to ‘Elaine Supkis’
Click on the Pegasus icon on the right sidebar to donate via Paypal.