A short report from Sweden… The central bank, The Riksbanken, lowered its main interest rate from 2.0 to 1.0 percent today hitting its lowest rate ever. The prime minister and the minister of finance urged people with mortgages to “put pressure” on banks to lower rates for homeowner - “because nobody else will”. At the same time the Swedish Krona lost positions against USD and EUR as Gold rises in USD terms. Gold is now at 265.000 SEK/Kg - all time high…
Economic Collapse
The Economic Paradigm shift explained – A Look into the Future
One Response to “Swedish Central bank lowers interest rate to record low”
Leave a Reply
Categories
- Bailouts
- Central banking
- Credit crisis in images
- Deflation
- Featured Articles
- Federal Reserve
- Financial system
- Gold
- Inflation
- Quotes on Economy
- Uncategorized
- US dollar
Archives
- June 2010
- May 2010
- April 2010
- March 2010
- February 2010
- January 2010
- November 2009
- October 2009
- September 2009
- July 2009
- June 2009
- May 2009
- April 2009
- March 2009
- February 2009
- January 2009
- December 2008
Tags
Bailout Bailouts China Currencies Debt Defaults Derivatives Euro Federal Reserve Financial humor Financial system Gold Hyperinflation Inflation Oil OPEC Peter Schiff Petrodollars Quantitative Easing Quotes on Economy USA US debt US dollar US dollar death VideoSyndication
US Official National Debt:
How much is a "trillion"?
Johnny Mellgren elsewhere
Recent entries
Johnny Mellgren is a Swedish entrepreneur with a keen interest in macro economics and macro politics. This is his web site where he blogs about the economic collapse of our time, what to do about it and the economic future we create together. Contact Johnny Mellgren.
Services
I provide advice on investment portfolios for private and corporate clients. I also hold lectures in the history of money and the current economic collapse and how to protect your wealth in a time of transition.
September 30th, 2009 at 9:05 pm
[…] I wrote only 9 days ago that gold priced in Swedish currency hit all time high of 265.000 SEK/Kg. Today on the 20th of Feburary 2009 gold broke through 300.000 SEK/Kg. That’s quite a jump in only 9 days as the SEK falls hand over fist in EUR and USD terms. This is a very good example of why you need to be invested in gold: it is the perfect insurance against debasement of a fiat paper currency. […]