Lagarde: Inflation in Eurozone at 2 % in 2023

Last week Christine Lagarde, head of the European Central Bank made statements about their policy in 2022 and some of their predictions regarding inflation in the next years. As expected, the rate hike that was promised for september 2022 is postponed to 2023 (and it will be postponed again without a doubt in my mind). But what completely baffled me is her prediction for the inflation in the next years. As the Eurozone is now having an inflation rate of near 5 %, she predicted an inflation rate below 4 %, which would surprise me. But for 2023 she said the 2 % target will be met. That is just a blunt lie in the face of every working man and woman in Europe. There is no way this is possible, by any means. The commodity war has just started, and energy prices keep on soaring, and are expected to be this high until 2025. This is the exact fuel mix for an exploding inflation rate, together with the quantitative easing policy they have been implementing since the crisis in 2008.

The European Central Bank's headquarters in Frankfurt

Economics 101

Any person with a little understanding of economics sees and feels that inflation is getting out of control, and once it is out of control it is very hard to handle. Especially not in such a short amount of time. As with the Covid-19 story, it seems that the elite are holding us for morons. Luckily we have a way out with crypto currency, and definitely with Hive and HBD. Do your due diligence people, and think wisely where you put your money!

Sincerely,

Pele23

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