Last month 4.2% inflation rate, this month 5.1% and rising!
Hmmm…
While leaving interest rates super low, printing more money, buying bonds including corporate bonds, flooding the hedge funders with an insane amount of money to buy up assets.
At the same time spending nearly £1,000,000,000,000 that’s a £trillion of tax payers’ money on this global event (pandemic)…which clearly hasn’t produced the desired result…to the contrary, every response they’ve taken thus far has worsened the economic outlook, as our deficit and balance sheet has grown exponentially.
Even the countermeasure from the central bank of an increase of 0.15% to 0.25% after an inflation rate hike of 0.9% (in one month) to a new inflation rate of 5.1% and rising…
This goes against all the foundry teachings of Adam Smith’s free market fiscal principles.
Are we not witnessing a new fiscal strategy?
Is FIAT currency in the throes of being replaced by a one world Digital Currency?
When we left the Gold standard in 1971, we switched to a FIAT currency, which is a Debt currency, now we’re in a Debt crisis, as of seriously bad fiscal policies, all governments are insolvent. And by their actions, one can only conclude they’re intending to eradicate FIAT currency and replace it with a one world Digital Currency.
There is a biblical saying: Ye shall know them by their fruits. Meaning, everyone is known by their actions, not what they say, but what they do, their works.
With inflation increasing so rapidly is it wise to hold a “cash in the bank”