Deflation could destroy a nation rather rapidly. Some deflation however is good when assets prices are overvalued as they are now. Today, deflation is being used as a weapon in Europe against the people, forcing austerity on the citizens, strangling them to poverty. The objective is to create a welfare state, no middle class, and an oligarchy and technocrats running the show.
Once the COLLAPSE is complete, the engineers of this scheme will scoop up assets of countless countries for pennies on the dollar.
The ECB just hit back by reiterating that the OMT programme falls with the central bank’s mandate.
ECB raises interest rates despite debt crisis
ECB cuts rates and launches stimulus programme
ECB President Mario Draghi will eventually announce a QE program of government-debt purchases similar to those carried out by the U.S. Federal Reserve and the Bank of England.
Crude oil prices fell to a four-year low before rebounding and global equity markets declined
Global Slowdown
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