Governments get rid of inflation, banks take a slice and Germany turns to China
The best expression of our destination: the Bank of England. Raise rates and talk about global prospects: She says there will be a recession until 2024. The recession will be long and deep. Sunak will raise taxes. The UK has become more aligned with monetary and fiscal policy.
What private banks and the Bank of England accomplished with the move to move Rishi Sunak to government: a 50,000 million tax move at a time of high inflation and low productivity.
How we will get out of the crisis: the key lies in the importance of productivity. The key is to take the crisis to a final topic: the topics they don’t want to be: and then to impose bigger taxes to reduce GDP debt.
In this sense, the biggest beneficiary of inflation is the states, and the biggest loser is the citizen.
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# Thoughts
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