Forex Today: British Pound Hits 2021 Low

Started by OZER, Dec 12, 2021, 04:36 PM

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No govt in the world can control inflation permanently unless they design people friendly policy prioritising public welfare instead of indulging too much on corporate giants as has been doing since decades. Unfortunately, all global leaders (so called) have turned themselves into slave  (may be puppet) of business magnets which is due to lack of statesmanship in their character. Needless to say that the benefits (legal and financial) offered to corporate houses as compared to common people in most of the countries shows incapability of policymakers to nullify social and economic disparity. At the end, the emphasis developed nations are giving in arms trade to generate revenue and security from other nations will put them under unmanageable socioeconomic disaster unless they change their mindset towards real wellbeing of common mass who elected them imposing tightest possible restrictions and vigilance on all corporate bodies.

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Powell did the biggest blunder in recent history of monetary policy. Lagarde is worse but it's not a blunder in her case, it's intentional. Madam Inflation wants high inflation in the eurozone. Buy a car today because next year you'll pay 50% more. Lots of printing + lots of savings + pent up demand + supply shortages + investors hedging against inflation = there's no stopping in prices now. Germany planning to increase minimum wage by 25%.