Even #centralbankers cannot continue to ignore the evidence on #greedflation, especially when its their own.

A recent BoE survey concluded firms continue to 'rebuild' their margins even as their costs fall.

As Sharon Graham (Unite) puts it:

The BoE 'has been attacking workers’ wages while downplaying corporate profiteering... Now [their] own analysis supports what Unite has argued all along about inflation. Companies are raising prices simply to boost their own profit margins'!

When I see the commentators or #centralbankers taking about whether a #recession is necessary, whatever the costs of #inflation to the general populace I wonder if they have any idea of the social costs to wellbeing & economic stability for#workers that a recession can cause... of course they (those talking about the necessity of recession) will claim its a 'price worth paying' to tame inflation; but I notice its not a price they ever seem to pick up themselves....

I see #centralbankers are wary of a wage rise-#inflation spiral setting in across the world as #workers struggle to maintain standards of living... But, they seldom seem troubled by the #profits rise-#inequality spiral, which has reduced workers share of overall surplus over the last decades, and of course lies behind #strikes to counter the #costoflivingcrises.

Its time for central banks to (re)think how they understand the pressures in the (global) system!

(plot spoiler: they won't!)

eXirano
@eXirano

Exit fiat, stop funding the ancient) crime syndicate of #CentralBankers. Let their system implode. Don't be a surveillance & regulation coin maxi btc cult member. Use real #crypto: decentralized & w privacy by default.

The #centralbankers are ALWAYS behind these #scams

https://www.naturalnews.com/2022-11-21-ftx-cryptocurrency-exchange-scam-world-economic-forum.html

#SamBankmanFried #FTX

The #centralbankers are ALWAYS behind these #scams

https://www.naturalnews.com/2022-11-21-ftx-cryptocurrency-exchange-scam-world-economic-forum.html

#SamBankmanFried #FTX

Central bankers are lining up for bitcoin wallets https://cryptoplayboys.blogspot.com/2022/05/central-bankers-are-lining-up-for.html?spref=tw #centralbankers #rhymespace #freelyrics

#PlanetLockdown director believes #COVID #pandemic is being run by #centralbankers

https://newstarget.com/2022-05-16-covid-pandemic-being-run-by-central-bankers.html

#PlanetLockdown director believes #COVID #pandemic is being run by #centralbankers

https://newstarget.com/2022-05-16-covid-pandemic-being-run-by-central-bankers.html

#PlanetLockdown director believes #COVID #pandemic is being run by #centralbankers

https://www.naturalnews.com/2022-05-16-covid-pandemic-being-run-by-central-bankers.html

Opinion | The Secret Lives of Central Bankers – The New York Times #NoAgenda #CentralBankers

https://kellynaproducrv2.wordpress.com/2018/10/20/opinion-the-secret-lives-of-central-bankers-the-new-york-times/