Eurozone: Pressure Mounts on ECB to Ease Credit Conditions
466 sats \ 9 comments \ @TomK 20 Mar econ
Pressure mounts on the European Central Bank (ECB) to ease credit conditions, signaling a potential boon for eco-projects and new war capabilities as it was discussed lately. They need the zero bound interest rares to finance their illusionary bubble world econony as fast as possible as their dream is collapsing.
Amidst whispers of Europe hemorrhaging billions in investment capital yearly, the ECB faces intensified calls to expand credit volumes. Christine Lagarde, ECB President, hinted at an imminent reduction in benchmark rates during the "The ECB and its Watchers" conference.
Lagarde's words reverberate with anticipation as she emphasized the need for underlying inflation to align with ECB projections, tempered wage growth, and robust monetary transmission. The prospect of a less restrictive monetary policy looms, promising a dynamic shift in the financial landscape. The money printer will be back soon - prepare and protect Yourself as the central planers are coming for Your purchasing power!
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21 sats \ 0 replies \ @mf 20 Mar
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21 sats \ 3 replies \ @Coinsreporter 20 Mar
They can't get out of it. They are falling in the same pit they once created. Fiat is always in search of recession or hyperinflation. These are its preconditions.
Bitcoin is the solution and doesn't have any such preconditions.
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11 sats \ 2 replies \ @TomK OP 20 Mar
And they are in search for more reasons to inflate their credit bubbles like war bonds or the new ukraine fund. It'd getting crazy
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21 sats \ 1 reply \ @Coinsreporter 20 Mar
Actually, The people who are defending fiat do know that this is game over for them. And they need some alternative. But they won't accept Bitcoin because they want something as feudal as Fiat.
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11 sats \ 0 replies \ @TomK OP 20 Mar
Sad but true
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21 sats \ 1 reply \ @riberet19 20 Mar
In short, they're seeing a sharp recession getting closer and closer.
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0 sats \ 0 replies \ @TomK OP 20 Mar
Subtract the massive government spending and the new debt and all the funds from the real gross domestic product and you are already deep in a recession.
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21 sats \ 1 reply \ @microsatoshi 20 Mar freebie
I think the ECB and high powers are artificially keeping the interest rates high to tame down Bitcoin price. They cannot do this for long and eventually Bitcoin will prevail.
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0 sats \ 0 replies \ @TomK OP 20 Mar
yes, they certainly see the danger that Bitcoin could be used as a lifeboat for people if they have to inflate. but I think the top priority is the United States and the tighter monetary policy there.
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