Central Bank Lip Service
BOE & ECB both left rates unchanged at 5.25% and 3.5% respectively.
ECB "fed head" Jean Claude Trichet, gave further hints that rates will need to be raised in the coming months to combat inflationary trends, he said "strong vigilance is needed to avoid risks to price stability".
Quite the "lip service" from these slick central bankers, "vigilance is needed" indeed considering they are the ones directly causing rampant inflation and masking it with statistical disinformation.
The latest M3 figures from Shadowstats show that US M3 is now growing at an 11% annual pace.
But it's not just happening here...these figures come from Gary Dorsch aka Sir-Charts-A-Lot:
"In Australia, the M3 money supply is 13% higher from a year ago, British M4 is 13% higher, the Euro Zone's M3 is 9.3% higher, a 16-year high, Korea's M3 is 10.3% higher, China's M2 is 16.9% higher, a 16-year high, and Russia's M2 is 45% higher."
Away with the soapbox, I rest my case.
ECB "fed head" Jean Claude Trichet, gave further hints that rates will need to be raised in the coming months to combat inflationary trends, he said "strong vigilance is needed to avoid risks to price stability".
Quite the "lip service" from these slick central bankers, "vigilance is needed" indeed considering they are the ones directly causing rampant inflation and masking it with statistical disinformation.
The latest M3 figures from Shadowstats show that US M3 is now growing at an 11% annual pace.
But it's not just happening here...these figures come from Gary Dorsch aka Sir-Charts-A-Lot:
"In Australia, the M3 money supply is 13% higher from a year ago, British M4 is 13% higher, the Euro Zone's M3 is 9.3% higher, a 16-year high, Korea's M3 is 10.3% higher, China's M2 is 16.9% higher, a 16-year high, and Russia's M2 is 45% higher."
Away with the soapbox, I rest my case.
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