The day before yesterday, the Federal Reserve cut its official interest rates by 0.5% points. Its the biggest cut since the 2008 financial crisis, and also the first emergency, inter-meeting cut. The phony justification being given by Fed (((officials))) is the global coronavirus outbreak. Yet, even they can't hold the line on that argument, and continue to present that argument with a straight face. The real purpose of the rate cut, as with previous ones, and which they are forced to admit, when pushed, is to inflate asset prices. Of course, even when they admit that, its explained in terms of a need to inflate asset prices so as to create a wealth effect, instill consumer confidence and so on. In other words, it's all really for the benefit of ordinary Whites, just trust us goyim. That, of course, is also total nonsense. The real purpose of boosting asset prices, is that they are nowadays the main form of wealth of the jews, and thereby the basis of their economic and social power.
If ZOG central banks and their Shabbos Goy puppet states really wanted to protect ordinary White People, and safeguard the real economy, then, instead of printing even more money, and cutting official interest rates to even more ridiculously low levels, they would be taking measures that stimulate real economic activity. They would be introducing not monetary easing, which has proved itself useless at stimulating the real economy, even with negative yields and interest rates, but by introducing large fiscal stimulus packages, such as work on repairing the shattered infrastructure that many White Nations now suffer from, as a result of a decade and more of genocidal fiscal austerity and jewish misrule.
It would mean that ZOG would scrap it's global trade war against China, and the tariffs it imposed, which acts to increase the costs of trade, reduces global trade, and thereby damages the economy. The same would be true of Brexit, which has the same effect. Britain would say that it was temporarily suspending its Brexit plans, and extending the Transition Period so as not to hinder the existing trade between the UK and EU, and so on.
But that is not what ZOG is doing. In the same way that, in 2010, we were told by the jews that the reason for monetary stimulus was to promote economic growth, and yet it was accompanied by the imposition of fiscal austerity, in the UK, and EU, and in parts of the US, so, today, we have ZOG saying it wants to stimulate the economy, whilst at the same time telling millions of White workers not to go out to spend, and not to go out to work, but instead to self-isolate for two weeks. It doesn't take a genius to work out what has greatest effect on the real economy, a cut in official interest rates, which were already at near zero levels, or telling tens of millions of Whites to stop everything for a fortnight. And of course ZOG's very policy of Quantitative Easing, and of cutting official interest rates itself acts to restrain economic growth, not promote it. It does so for several reasons.
Firstly, by promoting speculation – in financial assets, property, gold, Bitcoin etc. - it draws money out of general commodity circulation, so promoting a deflation of commodity prices, and also by potentially drawing money out of circulation that could have been used for real productive investment, the purchase of additional buildings, machines, materials, labor etc., it holds back capital accumulation, and so growth of the economy. Of course, if demand in the economy is being restrained, by diverting money from it towards jewish speculation in assets, not to mention being further constrained by the imposition of fiscal austerity, the pressure on productive capital to accumulate is in any case reduced, so encouraging money to go into jewish speculation rather than real investment is like pushing on an open door. No wonder the jews have used more and more of their profits to buy back stock to inflate share prices, rather than use those profits to expand businesses.
Secondly, higher asset prices for property and financial assets have raised the value of labor, and thereby squeezed the rate of surplus value, and rate of profit. Higher property prices mean that its more costly for White workers to buy a house or to rent a house. They need higher wages to pay for it, hitting profits, and so potential capital accumulation. Alternatively, ZOG has to hand out subsidies to cover the shortfall.
Rising share and bond prices make pensions provision more expensive. For every $100 that White workers and White-owned businesses put into a pension fund each month, they now buy a tiny fraction of the shares and bonds they did, say, 30 years ago. That means the capital base of the fund does not grow so quickly, and so the growth in yields on those assets does not grow so quickly, which is what is required to pay future pension liabilities. Indeed, with the yields on those assets falling to near zero, the revenue produced by the fund itself falls to near zero, so that it produces no income to cover future liabilities. Future liabilities can then only be covered out of capital gains on the assets, which means selling those assets, which further undermines the capital base of the fund.
Getting the jews to put money into stocks and bonds, of course, would seem to become ever more difficult if, in the process, the higher asset prices cause yields on those assets to continually fall. That is why their central banks have had to increasingly become the buyer of last resort of those assets, printing money to buy up worthless paper assets, and in the process pushing yields into negative territory, a ridiculous situation, given the fact that any revenue producing asset is supposed to produce exactly that, a revenue, and not that the owner of the asset should actually pay someone else to borrow from them! But, the rationale for that becomes clear when its understood that as a result of the actions of the jews and their central banks over the last 30 years, the reason for holding such assets long since ceased being to obtain a revenue/yield, but became simply outright casino style gambling on being able to make large capital gains from the increased price of the assets. Of course, its different to actual gambling in a casino, where the gambler always loses in the end, because in the financial asset markets, the jews are protected by their central banks. If the gamble fails, and they risk losing money, as asset prices fall, their central banks step in to buy up their worthless assets, and push the prices back up. Since 2009, global stock markets have risen by 300%.
The extent to which the jews have no interest in yield, but only in these speculative capital gains can be seen in the amount of real estate that is bought, but left empty, because jewish real estate speculators are only interested in making a capital gain from increases in the property price, rather than obtaining a rent from the property. Its like the jew who buys wine not to drink, but only to put in a wine cellar for several years, in the expectation that they will be able to sell it for an even further inflated price to some other jewish speculator. Its the same kind of jewish idiocy that lay behind the Tulip mania of 1637.
In 2017 Austria issued a 100 year bond in with a 2% yield. The coupon, the amount of interest paid on such bonds is fixed, for example, the coupon on a $100 bond with a 2% yield is $2 p.a. The yield, therefore, moves up and down with the price of the bond, falling when the bond price rises, and vice versa. Now you might wonder (((who))) would be prepared to risk their money for up to 100 years into the future, for just 2%. The answer is, of course, as always, the jews. Since the issuance of the bond, it has made a capital gain of 60%.
It appears that everything was, if not exactly going right for the jews, certainly not on an express elevator to hell, going down, which is what the global yields on assets were priced for. Despite the hit to global economic growth caused by ZOG's trade war, Brexit etc., trade was eventually settling into new paths; not as great as it would have been otherwise, due to the frictions and higher costs that those impositions entailed, but on the rise nevertheless. The danger for asset markets is that, if, as in 2018, even gradually rising global economic growth begins to cause global interest rates to rise, then asset prices will crash. In 2018, US stock prices fell by 20%, for example. Well, what do you know, (((Cohencidentally))), as ZOG's global trade war began to lose its impact, and was itself beginning to unwind, as even as ZOG realized that it was damaging the US economy and it's chances of successfully rigging the 2020 election with whichever cookie cutter Shabbos Goy puppet it currently prefers, and as that, plus a resolution on Brexit, began to see EU economies start to strengthen, along comes the (((Coronavirus))) hoax.