World bankers cut rates - conspire against the US dollar

By: D. H. Williams @ 9:31 AM - EST

With precise coordination the Federal Reserve, European Central Bank, Bank of England, Bank of Canada, ECB, and Sweden’s Riksbank all cut the base lending rate 50 basis points or half of one percent. China followed by lowering it’s rate by 27 basis points.

This was done in response to what world bankers are calling, “the worst financial crisis since the Great Depression.”

Amazingly many people will herald this as good news for the economy not fully realizing the implications of such a move. But it is the loose credit markets that have created the borrowing/consumption bonanza resulting in massive debt and trade imbalances.

These factors tied to a fiat money supply were the currency has no intrinsic value but rather a note of debt to be payed off with future taxes (your labor and production) you get inflation.

This conspiracy by the worlds central banks to continually devalue the currency through over printing will result in hyperinflation and an interruption in the supply of real goods.

Every time there is a rate cut just image getting a pay cut because that is the net result of dollar devaluation.

It’s a double tax, first you are bound to pay ever increasing federal income taxes on your production and then you pay a hidden inflation tax on your consumption.

This disastrous monetary policy can only lead to a world wide economic meltdown as people will not provide goods and services for a worthless paper note.

Related Articles: Bloomberg, Fed, ECB, Central Banks Cut Rates in Cooordinated Move

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