Top-line inflation in Europe is easing, but central bankers are warning they do not expect to cut interest rates any time soon.
Tag: central banks
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CHINA LEADS WORLD’S CENTRAL BANKS TO RECORD GOLD PURCHASES
Central banks around the world bought roughly 800 metric tons of gold this year through September, 14 percent more than during the same period in 2022 to set a new record, according to the World Gold Council, a rate the council called “voracious.”
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MORE CENTRAL BANK CURRENCY AND DEBT MANIPULATION. AND THE GREATEST TRANSFER OF WEALTH IN HISTORY.
Last week the Federal Reserve began a new phase of currency and debt manipulation on an unprecedented scale. And as a result, the U.S. stock market had its best week in terms of gains for the year.
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SPOTLIGHT: BIGS GETTING BIGGER
As we have noted since the Central Banksters started to rapidly raise interest rates, the decade’s long merger and acquisition spree is over.
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MEXICO’S CENTRAL BANK HOLDS INTEREST RATE AT 11.25 PERCENT
Last week, Banxico’s rate-setting committee voted unanimously to hold the central bank’s key interest rate at 11.25 percent for its fourth consecutive meeting, matching the unanimous expectation of 23 economists Bloomberg surveyed.
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THE SYSTEM IS ON THE CUSP OF LOCKING UP, AGAIN!
If you were to ask the average person “what happened during the 2007-2008 Stock Market Crash/Financial crisis?” What caused it? You may hear answers like; “it was brought on by banks who were writing subprime mortgages, giving mortgage loans to anyone with a heartbeat-regardless of if they had a job, or even the ability to make mortgage payments.”
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CENTRAL BANKS ARE FOSTERING AN EXTINCTION LEVEL EVENT
U.S. mortgage rates here in the United States have just risen to their highest level in 21 years. Meanwhile, despite all the talk about how raising rates would somehow tame inflation, and that it was just temporary, and even transitory, inflation continues to rise. Moreover, by the Fed’s own admission, “inflation continues to outpace every projection they have made.” Moreover and overall, food inflation continues to outpace everything else. With energy inflation a close second.
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ECB BOOSTS INTEREST RATE TO 23-YEAR HIGH
As the U.S. Federal Reserve did a day earlier, the European Central Bank (ECB) added a quarter point to its key interest rate on 27 July, bringing it to 3.75 percent. It began raising the rate in July 2022, when it was -0.50 percent.
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ARE YOU READY? CENTRAL BANKS WILL VASTLY INFLATE FROM HERE
Being that not a single developed nation on Earth is going to implement any real cuts to spending, you can count on one thing happening, much higher global debt.
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ECONOMIC UPDATE — MARKET OVERVIEW
The true fear of an economic calamity on the near horizon was further clarified yesterday as gold once again illustrated its status as the world’s number one safe-haven asset.