[Skybird]

ECB finally considers to recognise that there might be a problem with inflation. Thats why they annnoucned a plan to increase interest rates for the first time since 11 years by 25 points. Inflation in the Eurozone is at over 800 points.

Way too little and way too late.

Involuntarily funny was how Gangsterlagarde explained where inflation wasc oming from. Its all the war's fault. The past 1.5 decades of criminally irresponsible fiscal policies, illegal state financing, flooding the market with new "money", and self-suicidal debts boosting, were not mentioned, have nothing to do with it.

She also threatened that the cartel stands ready to reverse this new policiy in case the southern European states and their high debt regimes wallowing in cheap money do not find it likeable.

Maybe penalty fees on your savings will become a thing of the past soon. But beyond that, money savings still get plundered. Inflation rate is currently over 33 times as high as the promised new interest rates. Costs will remain high, the global logistics disruptions will ae just starting to peek in Europe, Hamburg harbour said they do not expect a bettering of the situation before 18 months have passed, and only if nothing else gets added in desasters. With this policy, the ECB has no chance to catch inflation and bring the ocean of money ir ha sprinted back into the stables.

And maybeprobably that is exactly what Gangsterlagarde wants.