Inflation going UP |
The Euro was set up as a fine European currency, to either a static inflation rate of 2%, National bank's produce extra Banknotes in the days of falling inflation rate, to prevent her so developing stagflation like the 1930s. If she wanted an item, waited 6 hours and he'll be less expensive. Which killed consumer demand.
But the world economic systems display a massive time lag. The latest inflation figures for Germany last 7.9%. Which use; for Spain and Italy! Who had regular currency devaluations. Not possible with the Euro. The Euro as a Nazi idea.
Biden has presided over a massive inflation rate in America. Just like Jimmy Carter - the peanut Farmer. Need I say more!
The UK is also are experiencing high inflation. Value from Last Month 10.10%. So world bank's a hastily increasing interest rates. Which will increase the value of their currency.
Except if they are all at it, nothing has changed! I blocked three years ago air that the advent of digital money, was going to see inflation take off. Suddenly I was right!
The UK government only elected labour governments, when they are failing a financially secure. As a cancer the cancer it is better money managers. But we are living in very fancy dangerous times.
The UK can not afford another labour administration. As he is the UK inflation rates are rising!
The Euro zone is committed to inflation rates a two per cent. A distant memory today! And the only told National Banks houses to raise interest rates. It looks like Germany will have an interest rate of 20 per cent by the end of the year.
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