September 29, 2007 (LPAC)--Deutsche Bank has published a paper "forecasting" that the European Central Bank (ECB) will cut the discount rate by a half-point in the first six months of 2008, according to Italy's Il Sole 24 Ore. Thus, Deutsche Bank follows earlier similar "forecasts" by the Royal Bank of Scotland and Bear Stearns. The ECB has kept interest rates at 4% in one policy turn already, neglecting previous concerns about inflation for the purpose of saving the hedge funds. Now, the turn will be complete, and the ECB will open the flood gates in Europe as the Fed did in the United States.

The ECB is composed by the central banks of the Eurozone (the countries whose currency is the euro), and is officially "independent." In reality, all those central banks are, in turn, owned and controlled by private banks. Thus, when the Deutsche Bank speaks, it speaks as one of the largest ECB shareholders, in the name of the other shareholders, or of a significant faction in the board. As for the Royal Bank of Scotland, the first to forecast a shift in ECB policy, it represents the oligarchy which dictates policy to Deutsche Bank and their like. So, the slaveowners tell their "independent" slave: open the flood gates!