Confirmation Of Recession: The ECB Raises Rates

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Twice before the ECB raised rated to combat inflation. Both times, the move down was in. Once again, the ECB joined the party, raising rates this week. However, like the previous times, they are joining a collapsing bridge.

In this video I discuss how the ECB did this in July 2008, in between Bear Stearns and Lehman. Not exactly the time to start tightening as it turned out.


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I don’t know when, likely to be replaced by the poison that is CBDC, but the European Central Bank is a failure of a monetary system I think. They are always doing things intentionally wrong and late, to the pain of the citizens of Europe.

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The ECB, along with other central banks are all failures because they are not central banks. If they were, they would be able to step in during times of monetary need, ie economic contraction. Yet they cannot. They play their games with reserves, which are just bank tokens that cannot be used to buy food or clothing. Hell, even to the commercial banks they are worthless since they cannot be used as collateral.

So yes it is a failure but not for reasons people think. If everyone stopped listening to them, especially markets, people would quickly see how impotent they truly are.

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