Bank of Canada Raises Interest Rates 1 Percent Claiming Excess Demand in Economy is Driving Inflation

Posted originally on the Conservative tree House on July 13, 2022 | Sundance

Folks, the Build Back Better western alliance are fully vested in the pretending game.  It is just one big insufferable game of pretending, and the citizens of the western government powers, You and Me, are the victims.

Seriously, it’s stunning, yet oddly not surprising, that the same multinational forces who created the global inflation crisis as a result of following the World Economic Forum spending agenda, are now claiming the global economy is simply too hot, too successful, there is just too much demand, and that justifies their raising of interest rates:

OTTAWA, July 13 (Reuters)– The Bank of Canada surprised on Wednesday with a full-percentage-point increase to its policy rate, a super-sized hike last seen in 1998, citing “higher and more persistent” inflation and the increased risk of those price gains becoming entrenched.

The central bank, in a regular rate decision, raised its policy rate to 2.5% from 1.5%, and said more hikes would be needed. The move was more forceful than the 75-basis point increase economists and money markets had forecast.

….”With the economy clearly in excess demand, inflation high and broadening, and more businesses and consumers expecting high inflation to persist for longer, the Governing Council decided to front-load the path to higher interest rates,” the bank said. [LINK]

This is the actual justification from the Bank of Canada.

Read it carefully: “With the economy clearly in excess demand.”

Yes folks, I have always said that in order to retain their ideological positions, the leftists in control of policy have to pretend not to know things.  That right there is the Bank of Canada pretending not to know the Canadian economy is contracting.  Exactly the same as Treasury Secretary Yellen and Fed Chairman Powell pretending not to know the U.S. economy is contracting.

Do you see what happened, and what they are doing?

The Build Back Better energy policy of the collective western governments’ is driving supply side inflation.  It’s the new climate change energy policy, all being implemented by the same institutional elements, that is creating the massive increases in overall prices.

It’s the energy policy driving inflation, NOT consumer DEMAND.

The western multinationals, government and multinational/central banks, all carry the same ideological mindset.  All of them are collectively supporting the Build Back Better agenda from execution of infrastructure shifts to their direct control over ESG investment in only “sustainable energy” projects.

The fascist assembly of western government and western banks working together to create this great international game of pretending. All of it so they do not have to admit their ideological climate agenda is destroying economies.   Thus, to keep up the pretense, they raise interest rates into a contracting economy.  This is why I keep saying the pretense is what’s going to end up starving people, creating desperation and ultimately killing people.

Energy demand is no different today than it was pre-pandemic 2018 and 2019.  It’s the energy supply, and all of the downstream industrial energy processes that are being blocked, that has created the supply-side issue.

The post-pandemic Build Back Better agenda has shifted the entire energy sector and created all of these inflationary outcomes.

The World Economic Forum, the Bank of Canada, central banks in Europe and Secretary Janet Yellen and Chairman Jerome Powell are all pretending not to know these issues are outcomes of energy policy.  The collective western nations all took the same path.  All of the outcomes are identical, and now all of their denials and pretenses are being maintained in a collective justification filled with bullshit.

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

This site uses Akismet to reduce spam. Learn how your comment data is processed.