“Inflation crisis risks driving interest rates up to 7pc, warns JP Morgan – latest updates”
July 5, 2023
“JP Morgan Chase has said there is a risk that the Bank of England will have to push interest rates as high as 7pc and trigger a “hard landing” in the economy to quell inflation….”
https://finance.yahoo.com/news/bank-england-considers-clampdown-foreign-063037616.html
Guess what? If inflation is “quelled” by the banks they will print more money creating the cycle again. People need to learn this cycle.
To quote Thomas Jefferson:
“If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and corporations that will grow up around [the banks] will deprive the people of all property until their children wake-up homeless on the continent their fathers conquered. The issuing power should be taken from the banks and restored to the people, to whom it properly belongs.”