Right on cue: ECB to flood the market with new cash.
A proposal from the European Central Bank’s Frankfurt-based executive board calls for bond purchases of roughly €50 billion ($58 billion) a month that would last for a minimum of one year, according to people familiar with the matter, an indication that officials are weighing massive stimulus to shore up the eurozone’s fragile economy and boost inflation.
Whoa! Wait a minute. Aren’t these central bankers supposed to be fighting inflation? Why are they trying to boost it?
Perhaps a little examination of the facts is in order.
It certainly makes sense, that they’re pumping more credit into markets, given we’ve just been told, by the “World Economic Forum in collaboration with McKinsey & Company” that the world needs another $103 trillion in “credit” to keep the world’s economies growing into “2020 across 79 countries.”
And we already know that the Swiss unpegged their franc from the Euro, so as not to let their assets get swept up in the tsunami of euros they knew was coming down the pike and most definitely the dollar, right behind it.
So what is going on over here? Is it really world economies that these central banks are concerned about or their never-ending greed and need for growing profit margins?
Where will all this newly minted “credit,” or debt, or liquidity (or whatever you want to call it) go? Set aside the fact that they have no legitimate right to benefit from the creation of new finance in their own economies, let alone others. Will they do anything productive with it? Of course not. This is simply another attempt to grow their profits at all costs, the real economy, and the people in it, be damned.
This new credit will simply flow directly to increase the value of assets already under their control, further concentrating into the hands of the greedy few, the already cornered and concentrated wealth of the planet. Meanwhile, they keep filling our already overloaded heads with more lies, distractions and delusions.
Things will keep getting worse unless and until people wakeup to the scam of “high finance.” Any way you slice it, money is a scam, designed to concentrate control over people and assets into the hands of a minuscule minority.