(Crazy) economy news

[Skybird]

Originally Posted by Jimbuna

The Bank of England will "totally crash the economy" if they continue to keep interest rates at their current levels, an economist warns. On Thursday, the Bank announced that it will raise borrowing costs for an eleventh successive time to 4.25 percent from 4 percent.

https://www.msn.com/en-gb/money/othe...b7e461f9&ei=10

Inflation is a hydra with many heads to chop off, and when you cut off one, two new are growing. Damned if you do and damned if you dont.

We now get the bill served for the past 15 and 50 years, for the ECB and the FED are in the same situation.

Either we junkies go on cold turkey - or we face continued addiction until the golden shot. Its not gonna be nice either way. The situation will be abused further by using it to push and finally enforce cashlessness, what will make evertyhing worse and people way more vulnerable and weak towards the state. Any many even want it this way, and think thats cool.

The blind show the stupids the way.