If you think someone talking about how to fix the imbalances and intentional dysfunction of global monetary and economic policies isn't talking about how to stop the systemic antiblack racist violence of the most powerful white supremacists on earth and how their regime reproduces itself at the source... then you are just not seeing the big picture yet. Take all the time you need, but see it.
the federal reserve works for wall street. wall street works for the world bank and imf. world bank and imf work to protect themselves from other people demanding transparent protocols that would ensure global economic justice through surplus regulation. because then they would have to do a real job and sacrifice their absurd overlord status.
These lines from #therestaurantattheendoftheuniverse by #douglasadams are a satire on the extent of selfishness and shortsightedness we as humans can be sometimes prone to, as seen all too commonly around us.
When central banks (CB) attack the demand side of inflation, they should employ at least some tactics that target upper incomes or wealth. After all, those targets are most responsible for demand-side inflation: https://hachyderm.io/@jrefior/110701318560000924
There are probably many ways to do this, and they start with congress/parliament. My idea was to set a base wealth tax, and empower the CB raise the rate when inflation is high.
The Turkish lira slid as much as 3% to a record low against the dollar on Monday, after the central bank took steps to simplify policy, while an official and bankers said the bank had stopped using its reserves to support the lira.
Turkey's lira hits new low after bank rules' rollback (www.reuters.com)
The Turkish lira slid as much as 3% to a record low against the dollar on Monday, after the central bank took steps to simplify policy, while an official and bankers said the bank had stopped using its reserves to support the lira.