Monday, June 9, 2014

European Central Bank cuts interest rate below zero

Click here to access article by Stefan Steinberg from World Socialist Web Site.

It appears that our global capitalist masters governing the Empire are relying mostly on one solution to the nearly worldwide economic collapse they have caused: create money and give it to themselves.
...with all the measures introduced by the world’s central banks since the crisis, the latest rate cuts by the ECB will do nothing to stimulate genuine economic growth. Instead, as was shown by the stock market rally Thursday, the ECB will only serve to fuel new speculative bubbles while further enriching the biggest banks and the millionaires and billionaires that control them.