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Thursday, Dec 08, 2022

We are helpless in the face of inflation, claims Bank of England Governor

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The Governor of the Bank of England has claimed that policy makers have been left helpless in the face of surging inflation.
In other words: the sanctions against Russia did not stop the war and did not destroy the Russian economy (they have zero inflation). It was an economic suicide: the citizens that are against the Ukraine war are now punished by their own governments, while Putin is getting richer and the war is getting worse.

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