ECB Hike Rates to 0% to Fight Inflation (Patreon)

As I say in simple terms - the FIAT world is truly broken. 

It was the bank's first increase in 11 years. In one swoop, the E.C.B. has ended the era of negative interest rates, bringing its deposit rate, which is what banks receive for depositing money with the central bank overnight, to zero, from minus 0.5 percent.

Oh and Lagard unveiled a plan to buy the debt of vulnerable economies - so they will continue veiled QE at zero interest rates....