The magicians at the Fed, ECB and BoE

The market is alive with talk and expectations that the central planners at the Fed, the ECB and the BoE are going to force interest rates higher by some 25bps across the board from historically low levels of 0-1%, where they’ve been for most of the past two years.   As history and economic theory teaches, this doesn’t matter, the interest rate is unimportant in the shell game that is central banking.  Keep your eye on the ball.  The ball is the vast quantities of money being poured into the financial centres of the world.  While these central banks may lift interest rates ever so slightly, they will keep the printing presses running at full speed.  It will be pure MOPE to trick the private sector into still playing their game and keeping this fiat monetary system alive.  The chieftain of the central bank will stand on the balcony proclaiming monetary tightening owing to the interest rate hike, while the lackeys are shovelling bucket loads of freshly printed paper bills out the back door.