Are we now approaching the threshold where central banks have to admit that they can no longer maintain their sacred 2% inflation target and have to raise it to 3%, i.e. by a relative 50%? That one percentage point makes a lot of difference in the global credit game. If we now also take into account the fact that the inflation figures are falsified by state institutions, the base inflation is likely to be 7 to 9% for the time being.
42 sats \ 1 reply \ @Undisciplined 12 Mar
It seems like low-hanging fruit politically. Rhetorically, increasing the target by one percentage point sounds like a trivial reform.
It's not like the 2% target was precisely determined by some rigorous scientific process. That was pretty arbitrary and was basically small enough for normal people not to care, but large enough to funnel tons of money to cronies.
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25 sats \ 0 replies \ @TomK OP 12 Mar
and our friends in the mass media will do their usual job of making the masses overlook the fact that something dramatic has changed in monetary policy.
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21 sats \ 1 reply \ @riberet19 13 Mar
I knew this was coming, but when the time comes, how will Mr. Gerome Powell and all the other central banks explain this, e.g. the European Central Bank? It's all a big circus, as I hate those buffoons
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10 sats \ 0 replies \ @TomK OP 13 Mar
with the help of the mainstream press, the central banks will keep people ignorant of the true level of inflation. in addition, the methodology will be adjusted and the inflation rate will be softened. and no one will dare to publicly question this nonsense. the fiat system will continue to muddle along for many years to come
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