ECB is warning of the risks to insurers of low interest rates, yet they are the prime party rigging interest rates for years at artificially low rates! ECB by this serial rigging, is leading to the ultimate disaster for insurers and the rest of the world…negative interest rates, which did not even occur in the Great Depression! ECB has and will continue to steal trillions from prudent European savers, by these rigged low rates & use that money to make further rich, their owners, the large German and French banks.
ECB is warning of the risks to insurers of low interest rates, yet they are the prime party rigging interest rates for years at artificially low rates! ECB by this serial rigging, is leading to the ultimate disaster for insurers and the rest of the world…negative interest rates, which did not even occur in the Great Depression! ECB has and will continue to steal trillions from prudent European savers, by these rigged low rates & use that money to make further rich, their owners, the large German and French banks.
So why do we need them to have a say in how we regulate our industries – banks or insurance?