central banks in Europe must today halt hyper-expansions
Posted by Ivo Cerckel on December 4th, 2008
Central banks of Europe, please listen !
Call a halt to monetary hyper-expansions.
The Bank of England, Sweden’s Riksbank, the European Central Bank and others have meetings today where they will decide the level of interest rates.
Interest rates are not the price of money. Interest rates are the price spreads between the stages of production.
Influential voices are calling on central banks to be bold in cutting interest rates today, says the Financial Times this morning.
http://www.ft.com/cms/s/0/4bd8c730-c16b-11dd-831e-000077b07658.html
The degree of indebtedness has however resulted in confidence disappearing from the markets.
Will zero interest rates bring confidence back?
The monetary hyper-expansions have not yet resulted in price-inflation because many of the digital currency units have been sterilised through trillions of derivatives.
The dollar financial industry is always in need of ever lower interest rates because it needs ever more money in order to keep its murderous comedy alive.
It is this maladministration of its reserve-currency status by the dollar regime which has caused the present crisis.
Interest rates are no longer the price spreads between the stages of production. They are now the ever lower price of digital liquidity the dollar regime needs in order to (financially) destroy this planet.