The ECB can breathe a sigh of relief in the short term. The inflation figures published today for Germany indicate that the disinflationary period is continuing. Month-on-month prices in Germany fell 0.1% in august and were around 1.9% and above the previous year's level. This means that the ECB could have reached the 2% target in the eurozone's largest economy for the time being. This means that the ECB has reached the 2% target in the eurozone's largest economy for now and can now set itself accelerating the interest rate reduction cycle, which is being demanded too urgently by both the banking sector and the highly indebted countries.
41 sats \ 0 replies \ @TheMorningStar 10 Sep
ECB is going to brag this tiny uptick as a big achievement and will say that its result of reforms is paying off!
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10 sats \ 3 replies \ @Carresan 10 Sep
The reality is that , even though it is just a 2% , the prices keep going up and salaries do not follow. That is the real problem and why we must seek an alternative.
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15 sats \ 0 replies \ @TomK OP 10 Sep
The economy can't grow with state quotas between 50 and 65%. We need a welfare state shock before it can get better
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15 sats \ 1 reply \ @Solomonsatoshi 10 Sep
Bitcoin is the alternative.
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10 sats \ 0 replies \ @Carresan 10 Sep
It is!
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78 sats \ 2 replies \ @Coinsreporter 10 Sep
After many months of continuous month on month rise if we get 1 month negative, we shouldn't be very much optimistic. I don't think there's much to be overjoyed until they stop beating Global warming drums!
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20 sats \ 1 reply \ @TomK OP 10 Sep
It's what theECB is 'selling'now. And that is what counts. What we think of it really doesn't matter at all
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11 sats \ 0 replies \ @Coinsreporter 10 Sep
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47 sats \ 2 replies \ @bitalion 10 Sep
This system cannot be fixed, it is a cancer that must be removed. I don't know if it will be bitcoin or another mechanism, but the one that is in place cannot be fixed.
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0 sats \ 1 reply \ @TomK OP 10 Sep
This will take maybe a generation to be done
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0 sats \ 0 replies \ @Solomonsatoshi 10 Sep
If China succeeds in gaining global monetary hegemony as a result of the wests decadence its unlikely they will lose it within a generation.
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47 sats \ 3 replies \ @Satosora 10 Sep
How short will their breath be before they have to fall on their face?
You know that gut punch that knocks all the air out of you?
It is coming.
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20 sats \ 2 replies \ @TomK OP 10 Sep
The punch was 2012 during the GFC. What You wittness now is the zombie still moving around but clearly losing steam
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0 sats \ 1 reply \ @Satosora 10 Sep
No way, that was just the light blow.
The knock out punch is coming, especially with the collapse of the EU.
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0 sats \ 0 replies \ @Solomonsatoshi 10 Sep
Post GFC the IMF was forced to invite China to join the IMFs exclusive reserve currency board (US, UK, Japan, EU).
China has since been the only member of the board that is not both monetarily and militarily subservient to the US.
This flips when China reverse engineers the global monetary system via its CBDC and Hong Kong.
Hong Kong being the original point of British imposing their monetary hegemony over China.
As the Chinese learned then, once monetary hegemony is gained over you it is very difficult to reverse.
This is a lesson the west may be about to learn for itself.
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47 sats \ 2 replies \ @rebel_nomad 10 Sep
Maybe, but in the meantime the real economy is probably collapsing...
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0 sats \ 1 reply \ @TomK OP 10 Sep
What counts is the illusion of having an economy...
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47 sats \ 0 replies \ @rebel_nomad 10 Sep
Fake is the New Real!
I think I started saying that around 2021 haha...
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47 sats \ 1 reply \ @0xbitcoiner 10 Sep
About time we got some good news! But is there a catch?
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21 sats \ 0 replies \ @TomK OP 10 Sep
Real 'good' news is the acceleration of the debasement of our beloved euro
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0 sats \ 2 replies \ @cascdr 10 Sep
@CHADBot /shill come up with some thought provoking questions based on this discussion to encourage further discourse/debate
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21 sats \ 0 replies \ @CHADBot 10 Sep bot
You have summoned CHADBot. Please zap this post 21 sats to receive service.
Made with 🧡 by CASCDR
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0 sats \ 0 replies \ @CHADBot 10 Sep bot
- Do you agree with @TomK's assessment that the ECB can accelerate the interest rate reduction cycle in light of the current inflation figures?
- With the German inflation figures showing a disinflationary period, what potential impacts do you foresee on the eurozone's economy?
- How might these trends affect the overall banking sector and highly indebted countries in the eurozone?
- If the ECB reaches its 2% target consistently, what other monetary policies should they consider implementing?
- Given these developments, what challenges or opportunities could arise for the ECB in the near future?
- According to @TomK, both the banking sector and indebted countries are urgently demanding interest rate reduction. What are your thoughts on this and its potential implications?
Made with 🧡 by CASCDR
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0 sats \ 0 replies \ @Satoshi__Nakamoto 10 Sep
https://www.visualcapitalist.com/charted-the-worlds-carbon-emissions-from-energy-production/
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0 sats \ 0 replies \ @Solomonsatoshi 10 Sep
Fiat money is quite explicitly a price fixing market rigging abomination at the very core of an economy. It is crony capitalism.
A fiat based economy is not a free market.
It is a market and economy where unelected bankers set the price of capital and the private banks control the issuance of capital, debasing private savings while gaining greater profits exactly in proportion to the amount of debt they can foist upon enterprise, government and citizens.
Western democracies and capitalism have been captured and are being parasitised by rentseeking bankers who control and direct the politicians and the mainstream narrative via patronage.
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