Posted on 08/28/2016 8:17:29 AM PDT by Mariner
JACKSON HOLE, Wyo. (Reuters) - Central bankers in charge of the vast bulk of the world's economy delved deep into the weeds of money markets and interest rates over a three-day conference here, and emerged with a common plea to their colleagues in the rest of government: please help.
Mired in a world of low growth, low inflation and low interest rates, officials from the Federal Reserve, Bank of Japan and the European Central Bank said their efforts to bolster the economy through monetary policy may falter unless elected leaders stepped forward with bold measures. These would range from immigration reform in Japan to structural changes to boost productivity and growth in the U.S. and Europe.
Without that, they said, it would be hard to convince markets and households that things will get better, and encourage the shift in mood many economists feel are needed to improve economic performance worldwide. During a Saturday session at the symposium, such a slump in expectations about inflation and about other aspects of the economy was cited as a central problem complicating central banks' efforts to reach inflation targets and dimming prospects in Japan and Europe.
ECB executive board member Benoit Coeure said the bank was working hard to prevent public expectations about inflation from becoming entrenched "on either side" - neither too high nor too low. But the slow pace of economic reform among European governments, he said, was damaging the effort.
"What we have seen since 2007 is half-baked and half-hearted structural reforms. That does not help supporting inflation expectations. That has helped entertain disinflationary expectations,” Coeure said.
(Excerpt) Read more at ca.news.yahoo.com ...
But, they have boxed themselves in with their unholy alliances with their sponsoring governments.
An increase of the Prime Rate to 5 or 6% would bankrupt every western government and every bank. And a large proportion of private business.
Of course that would be devastation on an unprecedented scale and it's the only way out too.
The bankers are out of money?
Kill the Central Banks.
Use the gold standard or some objective equivalent.
This whole concept of private individuals making up money for themselves and using national government as toys and tools hasn’t worked out really well.
NO!!! They got themselves in this position, they can get themselves out...that’s what we have to do as ‘little peeons’ in this country...so they are no better...
Tough it out spineless sissies!!!
nEITHER A LENDER NO BORROWER BE.
Simple: if every major country unleashed the free market on her people, most monetary problems would be solved. And the people would be healthier probably too.
But then again, how can they ever usher in the NWO if the world is prosperous and optimistic?
They are running low on our money. As soon as “we” sign over the $80 trillion in private accounts the world will be saved.
I like the “immigration reform” in Japan. Screw the moslems. We should have the same policy here.
I added the word you left off. Should have been done in 08 instead of TARP.
and it's the only way out too
The longer they wait, the more painful the adjustment will be.
Screw the rest of the world and put the US back on Constitutional money. Let the banks go out of business and citizens can pick over their business, and personal holdings at discount prices. What is good for the Goose is good enough for the Gander.
not
T00 BIG TO ^ FAIL
Who are those two lesbians?
“I like the “immigration reform” in Japan. Screw the moslems. We should have the same policy here”
I picked up on that too. The worlds economic problems cannot be solved unless everyone opens up their door to “immigrants”.
What the heck does immigration have to do with any of this?!
Destabilization that only they can “solve”.
That does not help supporting inflation expectations.
I think I see the problem!, INFLATION is THEFT OF VALUE, Pure and Simple.
Immigration "reform" for Japan? If you are asking yourself "What in the Hell does that have to do with the Global Depression and Global Debt we find ourselves in because of the Central Banks?" - you are not alone.
What the Globalist 1% Elites mean by that is this:
"Japan is one of the most homogeneous nations on the planet, and they don't accept Third World welfare leeches and Muslims - this has to change!"
Look at how they mock any nation that exercises control of its borders and has a sane immigration policy:
http://foreignpolicy.com/2010/04/29/the-worlds-worst-immigration-laws/
The Globalists want open borders, the destruction of the middle class, and to outlaw Christianity.
The rest of the article is the elites outlining their blueprint to enslave humanity - all of it - for good.
The world is being readied for the tyranny of the Antichrist folks, and the Globalist cabal is doing the bidding of Satan to bring it all into a horrifying reality.
In Washington state there was a 5% sales tax on all non food items. Inflation has caused the average salary to go from $18K to $54K. The sales tax is now 9%. Does government benefit from loss of real buying power? YOU BET. The vast majority spend all they make, so government spending has tripled, then double that and you are going to be close. The internet does not even have the statistics of State budgets going back to the 60’s or 70’s. I do seem to remember that this state had a total 2 budget around $400 million. I could be wrong, but I know it was under 1 billion. Now it is well over $38 Billion for the 2 years. The roads are crumbling, the teachers make more with less students.
THANK YOU FRACTIONAL RESERVE BANKING...THANK YOU CENTRAL BANKING.
Unfortunately the most likely “solution”, IOW, a solution that will destroy the central bankers death grip on western economies is the emergence of the Sino-Russian alliance as the world economic, political and military hegemon.
Of course, that usually means war and the US would be on the front lines. Grid hack, EMP, neutron bomb or all out total war. Ironically it’s the American people that will pay in blood and treasure for the treason carried out by the government elites and big bankers. Maybe Deagle.com will be right.
BTW, I think we need some real discussions on escaping the US. Expat communities, moving assets, second passports
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