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In a remarkable turn of events, sources close to the European Central Bank reveal mounting internal pressure for aggressive monetary easing as the Eurozone sinks deeper into recession (surprise, surprise). The economic bloc faces a perfect storm of mounting sovereign debt, persistent inflation, and stagnating growth.
Multiple insiders at the ECB, speaking on condition of anonymity to Reuters, disclosed that a growing faction within the central bank is pushing for unprecedented policy changes. "The ECB has fallen behind the curve," one senior official stated, highlighting the urgent need for more dramatic interest rate cuts than previously anticipated.
The bombshell revelation suggests a potential abandonment of the bank's meeting-by-meeting approach to monetary policy, marking a seismic shift in the ECB's strategic framework. This will trigger another cycle of resource misallocation and artificial stimulus, further destabilizing the already fragile Eurozone economy.
The fiat machine will be spiraling the problem that it creates out of control. That's why we see these attacks on Bitcoin. Good luck, Chrissie, do Your destructive 'work'.
47 sats \ 0 replies \ @xz 23 Oct
Dear Chrissie.
Back in 20022, when asked about how the enourmous deficit on the ECB balance sheet will be balanced, you said "it will come." Well. We are still waiting here. All we see are increases to the ECB balance sheet, fiscal devaluation, and destruction of purchasing power of the Euro.
But I'm writing today to tell you this. We need dramatic interest rate cuts. Preferably to minus infinity. We need to give as much money as people need, stat. And all the time please, indefinetly. I'd be especially grateful if you could make sure you are doing your job and distributing as much wealth to any bank that might need a capital injection, and without doubt, any ECB ancillliary organization, ECB's friends and their pets.
Please make sure you do this, to ensure the cost of goods keep increasing for European people but we all have as many Euros as we can.
Thanks,
Europe
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I'd be ideal to say that these economist know nothing about real numbers. They just look around and want to copy what others are doing. It's very homely of them. And how do they think that without seeing a return of industries, they can get back on track?
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imagine a bit of deflation like 5%, what would happen to all the pile of debt would be very funny.
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