Winning Has Consequences – Head of European Central Bank Says President Trump Outwitting Global Control Officers…

The Last Refuge | 10/21/2019 | sundance
elio25 (Posted by) Level 3
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Leftists love to trot out Christine Lagarde as the pontificating elite to defend their multinational interests. Recently the former IMF leader was elected to take control of the European Central Bank. As a direct result, Ms. Lagarde is now taking an adverse position toward a strong U.S. economy and decrying the ‘America-First’ policies of President Trump that have removed the tentacles of global financial control.

If you follow trade, finance and the interests of the multinationals, this is actually quite funny. In this first brief interview segment Ms. Lagarde, has the elitist audacity to warn President Trump that lowering U.S. interest rates defeats the agenda of the EU. She doesn’t put it in those terms, but watch and we’ll explain:

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Notice how Lagarde magnanimously claims that lowering interest rates when the U.S. economy is strong, and the U.S. unemployment rate is at historic lows, could lead to rising prices inside the U.S. Too damned funny; how very kind of the EU to be worried about U.S. consumers… (pro tip: they ain’t).

President - Trump - Globalists - Expand

What she’s really worried about is the dynamic that President Trump has created that is crushing the globalists. Let’s expand.

♦ The EU economy writ large is contracting, shrinking, due to a lack of investment. The EU has dropped their interest rates in a futile effort to stimulate internal investment… but it ain’t happening. The consequence of the EU lowering rates into negative territory is a weakened EU currency. Two things are happening:

EU - Currency - Exports - EU - Part

#1) The EU currency dropping means any exports from the EU are less expensive. This is part of the reason for lowering the value of their currency, to keep an export dependent economy alive. However….

#2) By dropping interest rates and driving down their own currency, the value of the dollar increases. This dynamic means EU banks actually purchase U.S. Treasuries for...
(Excerpt) Read more at: The Last Refuge
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