MANNARINO: Central Banks Are Fostering an Extinction-Level Event
The fact is this. The Fed, along with every other central bank, has absolutely no interest whatsoever to contain or stop inflation
By Gregory Mannarino, TradersChoice.net
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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.
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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.
The fact is this. The Fed, along with every other central bank, has absolutely no interest whatsoever to contain or stop inflation.
If you need to know one thing it is this: ANY CENTRAL BANKS POWER RESIDES IN ONLY ONE THING… ITS ABILITY TO INFLATE.
It should now be clear to everyone as to the REAL reason why the Fed., along with the European Central Bank and The Bank of England have been raising rates. These institutions are in the process of fostering a global middle-class extinction level event. Effectively cutting off the availability of credit to small businesses and putting ever increasing pressure on an already struggling middle class.
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Cutting off the availability of credit to small businesses fulfills the corporate agenda, effectively stopping any competition. As for a middle-class with depleted savings and extreme debt obligations-they become slave’s dependent on the system and are effectively pushed down to the lower rung of society. This central bank mechanism is creating a neo-feudal system on an unprecedented scale.