{"id":5215,"date":"2025-07-09T19:30:28","date_gmt":"2025-07-09T17:30:28","guid":{"rendered":"https:\/\/www.jindrichsmitka.cz\/?p=5215"},"modified":"2025-07-26T19:27:44","modified_gmt":"2025-07-26T17:27:44","slug":"ceska-narodni-banka-jako-nejvetsi-hedgeovy-spekulant-ceska","status":"publish","type":"post","link":"https:\/\/www.jindrichsmitka.cz\/index.php\/2025\/07\/09\/ceska-narodni-banka-jako-nejvetsi-hedgeovy-spekulant-ceska\/","title":{"rendered":"\u010cesk\u00e1 n\u00e1rodn\u00ed banka jako nejv\u011bt\u0161\u00ed hedgeov\u00fd spekulant \u010ceska"},"content":{"rendered":"\n<p><strong>\u010cesk\u00e1 n\u00e1rodn\u00ed banka m\u00e1 pe\u010dovat o stabilitu m\u011bny. M\u00edsto toho zlovoln\u011b d\u011bl\u00e1 inflaci a hazarduje s pen\u011bzi n\u00e1s v\u0161ech na ciz\u00edch trz\u00edch. Pochopiteln\u011b, to \u017ee to d\u011blaj\u00ed ostatn\u00ed centr\u00e1ln\u00ed banky ve v\u011bt\u0161\u00edm nen\u00ed v\u00fdmluva. <\/strong><\/p>\n\n\n\n<p><em>Pozn. oprava \u00fadaje (26.07.2025): \u010cNB zavedla kurzov\u00fd z\u00e1vazek na 27 K\u010d\/euro, m\u00edsto zm\u00edn\u011bn\u00fdch 25 K\u010d\/eur.<\/em><\/p>\n\n\n\n<p><a href=\"https:\/\/www.cnb.cz\/cs\/\" target=\"_blank\" rel=\"noopener\" title=\"\">\u010cesk\u00e1 n\u00e1rodn\u00ed banka (\u010cNB)<\/a> ji\u017e dlouho nen\u00ed p\u0159\u00edli\u0161 pro-n\u00e1rodn\u00ed bankou a ani se p\u0159\u00edli\u0161 nestar\u00e1 o kvalitu m\u011bny, zachov\u00e1n\u00ed jej\u00ed hodnoty ani o ochranu na\u0161eho n\u00e1rodn\u00edho bohatstv\u00ed. To by sice m\u011bl b\u00fdt jej\u00ed prim\u00e1rn\u00ed \u00fakol, ale realita je trochu jinde.<\/p>\n\n\n\n<p><strong>Pop\u0159en\u00ed vlastn\u00edho \u00fa\u010delu \u010cNB stanoven\u00edm infla\u010dn\u00edho c\u00edle<\/strong><\/p>\n\n\n\n<p>Paragraf 2 <a href=\"https:\/\/www.cnb.cz\/cs\/o_cnb\/\">Z\u00e1kona<\/a><a href=\"https:\/\/www.cnb.cz\/cs\/o_cnb\/\" target=\"_blank\" rel=\"noopener\" title=\"\"> \u010d. 6\/1993 Sb., o \u010cesk\u00e9 n\u00e1rodn\u00ed bance<\/a>, uv\u00e1d\u00ed na prvn\u00edm m\u00edst\u011b: <strong>(1) Hlavn\u00edm c\u00edlem \u010cesk\u00e9 n\u00e1rodn\u00ed banky je p\u00e9\u010de o cenovou stabilitu.<\/strong><\/p>\n\n\n\n<p>Hlavn\u00edm \u00fakolem \u010cesk\u00e9 n\u00e1rodn\u00ed banky je starat se stabilitu \u010desk\u00e9 m\u011bny. Stabilita v prvn\u00ed \u0159ad\u011b znamen\u00e1, \u017ee nebude klesat hodnota pen\u011bz. Tedy, \u00fakolem \u010cNB je nevytv\u00e1\u0159et a zastavit jakoukoli inflaci. Tedy, \u017ee p\u0159estane tisknout pen\u00edze a omez\u00ed tyto funkce i na takzvan\u00e9m trhu v soukrom\u00fdch bank\u00e1ch.<\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"alignleft size-large is-resized\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"683\" src=\"http:\/\/www.jindrichsmitka.cz\/wp-content\/uploads\/2025\/07\/joachim-schnurle-ZQ78DqWwdzM-unsplash-1024x683.jpg\" alt=\"Inflace, \u010cNB, koruna, pen\u00edze\" class=\"wp-image-5218\" style=\"width:295px;height:auto\" srcset=\"https:\/\/www.jindrichsmitka.cz\/wp-content\/uploads\/2025\/07\/joachim-schnurle-ZQ78DqWwdzM-unsplash-1024x683.jpg 1024w, https:\/\/www.jindrichsmitka.cz\/wp-content\/uploads\/2025\/07\/joachim-schnurle-ZQ78DqWwdzM-unsplash-300x200.jpg 300w, https:\/\/www.jindrichsmitka.cz\/wp-content\/uploads\/2025\/07\/joachim-schnurle-ZQ78DqWwdzM-unsplash-768x512.jpg 768w, https:\/\/www.jindrichsmitka.cz\/wp-content\/uploads\/2025\/07\/joachim-schnurle-ZQ78DqWwdzM-unsplash-1536x1024.jpg 1536w, https:\/\/www.jindrichsmitka.cz\/wp-content\/uploads\/2025\/07\/joachim-schnurle-ZQ78DqWwdzM-unsplash-630x420.jpg 630w, https:\/\/www.jindrichsmitka.cz\/wp-content\/uploads\/2025\/07\/joachim-schnurle-ZQ78DqWwdzM-unsplash-150x100.jpg 150w, https:\/\/www.jindrichsmitka.cz\/wp-content\/uploads\/2025\/07\/joachim-schnurle-ZQ78DqWwdzM-unsplash-696x464.jpg 696w, https:\/\/www.jindrichsmitka.cz\/wp-content\/uploads\/2025\/07\/joachim-schnurle-ZQ78DqWwdzM-unsplash-1068x712.jpg 1068w, https:\/\/www.jindrichsmitka.cz\/wp-content\/uploads\/2025\/07\/joachim-schnurle-ZQ78DqWwdzM-unsplash.jpg 1920w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><figcaption class=\"wp-element-caption\">Inflace, kter\u00e1 nen\u00ed t\u0159eba. D\u00e1rek z d\u00edlny \u010cNB. Zdroj: Unsplash<\/figcaption><\/figure>\n<\/div>\n\n\n<p>\u010cNB v\u0161ak ud\u011blala a nad\u00e1le d\u011bl\u00e1 prav\u00fd opak. Ur\u010dila si zlovoln\u011b <a href=\"https:\/\/www.cnb.cz\/cs\/menova-politika\/inflacni-cil\/\" target=\"_blank\" rel=\"noopener\" title=\"\">infla\u010dn\u00ed c\u00edl<\/a>. Jej\u00edm c\u00edlem je znehodnotit na\u0161\u00ed m\u011bnu alespo\u0148 o 2 % ro\u010dn\u011b. Tedy natisknout alespo\u0148 2 % dal\u0161\u00edch pen\u011bz za rok a okr\u00e1st v\u0161echny, kte\u0159\u00ed s jej\u00ed m\u011bnou nakl\u00e1daj\u00ed. Tyto nov\u00e9 pen\u00edze znehodnot\u00ed pen\u00edze p\u0159edchoz\u00ed, kter\u00e9 ji\u017e n\u011bkdo mohl vyd\u011blat a u\u0161et\u0159it. Nen\u00ed p\u0159itom rozhoduj\u00edc\u00ed, zda tento tisk prob\u00edh\u00e1 p\u0159\u00edmo v r\u00e1mci n\u00e1stroj\u016f \u010cNB nebo a\u017e druhotn\u011b v soukrom\u00fdch bank\u00e1ch, zdroj i v\u00fdsledek je stejn\u00fd. Nav\u00edc toto rozm\u011bln\u011bn\u00ed mezi \u010cNB a soukrom\u00e9 banky umo\u017e\u0148uje z\u00e1m\u011brn\u00e9 zmaten\u00ed ve\u0159ejnosti.<\/p>\n\n\n\n<p>\u00dakol znehodnocovat m\u011bnu v\u0161ak \u010cNB nikdo nesv\u011b\u0159il. Kdokoli se zdrav\u00fdm rozumem nem\u016f\u017ee souhlasit s t\u00edm, aby pen\u00edze, kter\u00e9 si vyd\u011bl\u00e1, mu dobrovoln\u011b, c\u00edlen\u011b a \u0159\u00edzen\u011b ztr\u00e1cely 2 % ro\u010dn\u011b ze sv\u00e9 hodnoty jen proto, \u017ee se v \u010cNB podrbali na zadku a vyt\u00e1hli si z n\u011bj 2% ztr\u00e1tu pro v\u0161echny pracuj\u00edc\u00ed a spo\u0159\u00edc\u00ed ob\u010dany na\u0161\u00ed zem\u011b.<\/p>\n\n\n\n<p>Je to zlovoln\u00fd krok t\u00e9to sebest\u0159edn\u00e9 instituce, kter\u00e1 si mysl\u00ed, \u017ee si s n\u00e1mi m\u016f\u017ee d\u011blat, co chce.<\/p>\n\n\n\n<script async=\"\" src=\"\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js\"><\/script><!-- Automatick\u00e1 velikost reklamy --><ins class=\"adsbygoogle\" style=\"display: block;\" data-ad-client=\"ca-pub-9221645303649413\" data-ad-slot=\"8661693083\" data-ad-format=\"auto\" data-full-width-responsive=\"true\"><\/ins><script>\n(adsbygoogle = window.adsbygoogle || []).push({});\n<\/script><br>\n\n\n\n<p><strong>N\u00e1stroj manipulace a okr\u00e1d\u00e1n\u00ed \u2013 \u00farokov\u00e9 sazby, syst\u00e9m \u010d\u00e1ste\u010dn\u00fdch rezerv a m\u011bnov\u00e9 intervence<\/strong><\/p>\n\n\n\n<p>Nejobl\u00edben\u011bj\u0161\u00edm n\u00e1strojem pro vytv\u00e1\u0159en\u00ed inflace jsou \u00farokov\u00e9 sazby. Jist\u011b si ka\u017ed\u00fd ji\u017e v\u0161iml, \u017ee \u010cNB pravideln\u011b vyhla\u0161uje, jak popust\u00ed stavidla tisknut\u00ed nov\u00fdch pen\u011bz prost\u0159ednictv\u00edm manipulace s \u00farokov\u00fdmi sazbami. Je to jednoduch\u00e9, \u010d\u00edm ni\u017e\u0161\u00ed sazby, t\u00edm snaz\u0161\u00ed je vz\u00edt si \u00fav\u011br na v\u011bt\u0161\u00ed \u010d\u00e1stky.<\/p>\n\n\n\n<p>A v tom p\u0159ich\u00e1z\u00ed do akce druh\u00fd n\u00e1stroj zvan\u00fd bankovnictv\u00ed \u010d\u00e1ste\u010dn\u00fdch rezerv. T\u00edm, \u017ee banky v podstat\u011b nemus\u00ed m\u00edt \u017e\u00e1dn\u00e9 vklady, kter\u00e9 by mohli p\u016fj\u010dovat, mohou si ze vzduchu vykouzlit kolik pen\u011bz budou cht\u00edt. Sta\u010d\u00ed m\u00edt drobnou depozitn\u00ed z\u00e1lohu a ti\u0161t\u011bn\u00ed m\u016f\u017ee za\u010d\u00edt. Soukrom\u00e9 banky si mohou ud\u011blat pen\u011bz v podstat\u011b kolik cht\u011bj\u00ed.<\/p>\n\n\n\n<p>A do toho v\u0161eho n\u00e1stroj p\u0159\u00edm\u00e9ho tisku pen\u011bz p\u0159\u00edmo z d\u00edlny \u010cNB \u2013 m\u011bnov\u00e9 a dal\u0161\u00ed intervence. Jist\u011b si vzpomenete, jak n\u00e1m tato instituce znehodnocovala dlouhou dobu m\u011bnu proti euru v kurzu 27 korun za euro. Ot\u00e1zkou je, kde na to brali pen\u00edze.<\/p>\n\n\n\n<p><em>Pozn. oprava \u00fadaje (26.07.2025): \u010cNB zavedla kurzov\u00fd z\u00e1vazek na 27 K\u010d\/eur, m\u00edsto zm\u00edn\u011bn\u00fdch 25 K\u010d\/eur.<\/em><\/p>\n\n\n\n<p>A odpov\u011b\u010f je jednoduch\u00e1, prost\u011b si je vytiskli. A\u0165 u\u017e elektronicky nebo mo\u017en\u00e1 \u010d\u00e1ste\u010dn\u011b i pap\u00edrov\u011b. Na\u0161i m\u011bnu prost\u011b znehodnocovali t\u00edm, \u017ee nakupovali eurov\u00e9 dluhopisy a akcie nekryt\u00fdmi pen\u011bzi, kter\u00fdmi znehodnocovali na\u0161e do t\u00e9 doby st\u00e1vaj\u00edc\u00ed pen\u00edze. <\/p>\n\n\n\n<p>A nen\u00ed p\u0159itom v\u016fbec p\u0159ekvapiv\u00e9, kde se vzala ona z\u00e1hadn\u00e1 20% inflace z posledn\u00edch let. Prost\u011b to jen chv\u00edli trvalo, ne\u017e v\u0161echny tyto nov\u011b vyti\u0161t\u011bn\u00e9 prost\u0159edky pros\u00e1kli naplno do ob\u011bhu. A je vid\u011bt, \u017ee na\u0161i m\u011bnu znehodnotili o on\u011bch 20 %, o kter\u00e9 se tato banka obohatila na n\u00e1\u0161 \u00fakor a by\u0165 v men\u0161\u00edm m\u011b\u0159\u00edtku v tom pokra\u010duje d\u00e1l. Zcela zlovoln\u011b.<\/p>\n\n\n\n<p><strong>\u00da\u010del vytv\u00e1\u0159en\u00ed inflace<\/strong><\/p>\n\n\n\n<p>Ani \u00fa\u010del tohoto infla\u010dn\u00edho kon\u00e1n\u00ed \u010cNB (hlavn\u011b formou manipulace \u00farokov\u00fdch sazeb i kdy\u017e v\u00fdsledek je stejn\u00fd v\u0161emi n\u00e1stroji) nen\u00ed u\u017eite\u010dn\u00fd pro \u0161irokou ve\u0159ejnost a ob\u010dany na\u0161\u00ed zem\u011b. \u00da\u010dely jsou v podstat\u011b dva:<\/p>\n\n\n\n<p>1) Jedn\u00edm \u00fa\u010delem je donutit lidi p\u0159estat spo\u0159it a naopak co nejv\u00edc utr\u00e1cet a zadlu\u017eovat se. A jeliko\u017e v\u00edc \u00fav\u011br\u016f znamen\u00e1 i v\u00edc utr\u00e1cen\u00ed, je to jedno a tot\u00e9\u017e.<\/p>\n\n\n\n<p>2) druh\u00fdm pak sn\u00ed\u017eit n\u00e1klady na obsluhu st\u00e1vaj\u00edc\u00edch dluh\u016f, tedy \u201ezachr\u00e1nit\u201c st\u00e1vaj\u00edc\u00ed dlu\u017en\u00edky t\u00edm, \u017ee jim umo\u017en\u00ed se je\u0161t\u011b v\u00edc zadlu\u017eit. To se povedlo dokonale t\u0159eba \u010desk\u00e9 vl\u00e1d\u011b. U\u017e za Hrabi\u0161e a nyn\u00ed d\u00e1l s Fialou.<\/p>\n\n\n\n<p>D\u016fvod je jednoduch\u00fd: st\u0159adatel\u00e9 inflac\u00ed ztr\u00e1c\u00ed. Jsou okr\u00e1d\u00e1ni. Dlu\u017en\u00edci inflac\u00ed z\u00edsk\u00e1vaj\u00ed proto\u017ee si n\u011bco dop\u0159edu koup\u00ed za pen\u00edze, kter\u00e9 ani nemaj\u00ed, a mohou tak v \u010dase z\u00edsk\u00e1vat to, co ostatn\u00ed ztr\u00e1cej\u00ed. V p\u0159\u00edpad\u011b vl\u00e1d toto chov\u00e1n\u00ed a podpora umo\u017e\u0148uje odlo\u017eit probl\u00e9my pozd\u011bji do budoucnosti a umo\u017enit st\u00e1vaj\u00edc\u00edm blb\u016fm vyhnout se odpov\u011bdnosti, kterou p\u0159ehod\u00ed na ty, co p\u0159ijdou po nich.<\/p>\n\n\n\n<p>Dobr\u00fd p\u0159\u00edklad je u n\u00e1s v oblasti nemovitost\u00ed. Dlu\u017en\u00edk d\u00edky inflaci z\u00edsk\u00e1v\u00e1 na \u201ezhodnocen\u00ed\u201c, nebo-li r\u016fstu cen nemovitosti. Ale st\u0159adatel na nemovitost v podstat\u011b nem\u00e1 \u0161anci vyd\u011blat, proto\u017ee v\u0161echno zdra\u017euje tak rychle, \u017ee nen\u00ed mo\u017en\u00e9 spo\u0159en\u00edm pen\u011bz, kter\u00e9 na cen\u011b neust\u00e1le ztr\u00e1c\u00ed vyd\u011blat na nemovitosti, kter\u00e9 v \u010dase na cen\u00e1ch stejn\u00e9 infla\u010dn\u00ed m\u011bny neust\u00e1le rostou.<\/p>\n\n\n\n<p>Nikoliv v\u0161ak proto, \u017ee by se tak z\u00e1sadn\u011b skute\u010dn\u011b zvy\u0161ovala cena nemovitost\u00ed (nap\u0159\u00edklad opravou, investic\u00ed a dal\u0161\u00edm zhodnocen\u00edm, popt\u00e1vkou), ale proto, \u017ee pokles hodnoty nekryt\u00fdch pen\u011bz nepostihuje materi\u00e1ln\u00ed (skute\u010dn\u00e9) statky. Tedy to co ztr\u00e1c\u00ed na hodnot\u011b jsou pouze pen\u00edze. R\u016fst cen v\u0161eho ostatn\u00edho pak pouze obrazem klesaj\u00edc\u00ed hodnoty pen\u011bz.<\/p>\n\n\n\n<script async=\"\" src=\"\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js\"><\/script><!-- Automatick\u00e1 velikost reklamy --><ins class=\"adsbygoogle\" style=\"display: block;\" data-ad-client=\"ca-pub-9221645303649413\" data-ad-slot=\"8661693083\" data-ad-format=\"auto\" data-full-width-responsive=\"true\"><\/ins><script>\n(adsbygoogle = window.adsbygoogle || []).push({});\n<\/script><br>\n\n\n\n<p><strong>Zlovoln\u00fd apar\u00e1t centr\u00e1ln\u00edch bank<\/strong><\/p>\n\n\n\n<p>Tento infla\u010dn\u00ed mechanismus znehodnocuj\u00edc\u00ed m\u011bnu je dal\u0161\u00ed podstatou zlovoln\u00e9ho apar\u00e1tu centr\u00e1ln\u00edch bank, kter\u00fdm t\u00edm d\u00e1v\u00e1 moc nad lidmi.<\/p>\n\n\n\n<p>Dlu\u017en\u00ed jsou pak v\u00edc n\u00e1chyln\u00ed a z\u00e1visl\u00ed na dal\u0161\u00edch ciz\u00edch pen\u011bz\u00edch. Sta\u010d\u00ed na tyto dlu\u017en\u00edky pak ud\u011blat bububu, \u017ee jim banka zabav\u00ed roky spl\u00e1cenou nemovitost a budou zase poslu\u0161n\u011b pob\u00edhat v krys\u00edm kole\u010dku a cel\u00fd \u017eivot slo\u017eit z\u00e1jm\u016fm centr\u00e1ln\u00edch bank, jejich p\u00e1n\u00ed\u010dk\u016f a jejich infla\u010dn\u00edch pen\u011bz.<\/p>\n\n\n\n<p>Dlu\u017en\u00edk = z\u00e1visl\u00fd a poslu\u0161n\u00fd otrok. A je jedno jestli se jedn\u00e1 o vl\u00e1du, firmu nebo jednotlivce. A to nen\u00ed fajn ani ve chv\u00edli, kdy chcete b\u00fdt jako Robert Kiyosaki, m\u00edt kolos\u00e1ln\u00ed dluh a velmi kapitalisticky se tv\u00e1\u0159it, \u017ee \u017eijete z rozd\u00edlu toho, co vyd\u011bl\u00e1te na n\u00e1jmu a co zaplat\u00edte bance na spl\u00e1tk\u00e1ch a \u00faroc\u00edch.<\/p>\n\n\n\n<p>A to ani ve chv\u00edli, kdy z toho tito lid\u00e9 maj\u00ed skute\u010dn\u011b kr\u00e1lovsk\u00fd k\u0161eft. Z\u00e1vislost je stejn\u00e1 bez ohledu na l\u00e1tku. Je jedno jestli je to z\u00e1vislost na pen\u011bz\u00edch nebo z\u00e1vislost na drog\u00e1ch, alkoholu \u010di cigaret\u00e1ch. V\u0161echny jsou nebezpe\u010dn\u00e9 a mohou sv\u00fdm u\u017eivatel\u016fm p\u0159ivodit zk\u00e1zu.<\/p>\n\n\n\n<p><strong>Deficitn\u00ed spole\u010dnost d\u00edky vnucen\u00e9mu p\u0159erozd\u011blov\u00e1n\u00ed<\/strong><\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"alignleft size-large is-resized\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"768\" src=\"http:\/\/www.jindrichsmitka.cz\/wp-content\/uploads\/2022\/04\/bp-miller-Sgb3OmpipWY-unsplash-1024x768.jpg\" alt=\"monopoly, hra, pan\u00e1\u010dek, pan, ekonomika, finance, finan\u010dnictv\u00ed\" class=\"wp-image-4036\" style=\"width:257px;height:auto\" srcset=\"https:\/\/www.jindrichsmitka.cz\/wp-content\/uploads\/2022\/04\/bp-miller-Sgb3OmpipWY-unsplash-1024x768.jpg 1024w, https:\/\/www.jindrichsmitka.cz\/wp-content\/uploads\/2022\/04\/bp-miller-Sgb3OmpipWY-unsplash-300x225.jpg 300w, https:\/\/www.jindrichsmitka.cz\/wp-content\/uploads\/2022\/04\/bp-miller-Sgb3OmpipWY-unsplash-768x576.jpg 768w, https:\/\/www.jindrichsmitka.cz\/wp-content\/uploads\/2022\/04\/bp-miller-Sgb3OmpipWY-unsplash-1536x1152.jpg 1536w, https:\/\/www.jindrichsmitka.cz\/wp-content\/uploads\/2022\/04\/bp-miller-Sgb3OmpipWY-unsplash-150x113.jpg 150w, https:\/\/www.jindrichsmitka.cz\/wp-content\/uploads\/2022\/04\/bp-miller-Sgb3OmpipWY-unsplash-696x522.jpg 696w, https:\/\/www.jindrichsmitka.cz\/wp-content\/uploads\/2022\/04\/bp-miller-Sgb3OmpipWY-unsplash-1068x801.jpg 1068w, https:\/\/www.jindrichsmitka.cz\/wp-content\/uploads\/2022\/04\/bp-miller-Sgb3OmpipWY-unsplash.jpg 1920w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><figcaption class=\"wp-element-caption\">Pan Monopoly. Zdroj: Unsplash<\/figcaption><\/figure>\n<\/div>\n\n\n<p>Cel\u00e9 toto kole\u010dko je jen dal\u0161\u00ed forma p\u0159erozd\u011blov\u00e1n\u00ed bohatstv\u00ed. Kdy t\u011bm co maj\u00ed p\u0159ebytky se pr\u016fb\u011b\u017en\u011b krade ve prosp\u011bch t\u011bch, kte\u0159\u00ed \u017eij\u00ed v deficitu. Mo\u017en\u00e1 i z toho pramen\u00ed dne\u0161n\u00ed deficitn\u00ed spole\u010dnost, kter\u00e1 m\u00e1 st\u00e1le m\u00e1lo a chce st\u00e1le v\u00edc.<\/p>\n\n\n\n<p>\u00daroky z dluh\u016f toti\u017e vys\u00e1vaj\u00ed lidem p\u0159edem i to, co je\u0161t\u011b nevzniklo. Hodnoty, kter\u00e9 nejsou a ani nemusej\u00ed b\u00fdt, ale jsou ji\u017e nyn\u00ed vys\u00e1v\u00e1ny prost\u0159ednictv\u00edm \u00farok\u016f.<\/p>\n\n\n\n<p><strong>Nakl\u00e1d\u00e1n\u00ed s vyti\u0161t\u011bn\u00fdmi pen\u011bzi aneb zlato, kter\u00e9 nen\u00ed<\/strong><\/p>\n\n\n\n<p>D\u016fle\u017eit\u00e9 v\u0161ak je i to, co se s t\u011bmito v\u0161emi pen\u011bzi v ob\u011bhu d\u011bje d\u00e1l. Kdy\u017e si je \u010cNB vycuc\u00e1 z prstu (neboli vytiskne), n\u011bkde jsou a pro n\u011bkoho pracuj\u00ed.<\/p>\n\n\n\n<p>Guvern\u00e9r na\u0161\u00ed slavn\u00e9 banky se sice chce velmi tv\u00e1\u0159it, jak je moc \u0161ikovn\u00fd a zji\u0161\u0165uje na\u0161\u00ed zemi zlatem proti v\u00fdkyvu sv\u011btov\u00fdch trh\u016f.<\/p>\n\n\n\n<p>Nen\u00ed to ale tak docela pravda. Tento hedgeov\u00fd fond \u0159\u00edzen\u00fd spekulantem Ale\u0161em Michlem <a href=\"https:\/\/zpravy.aktualne.cz\/domaci\/favorit-na-guvernera-cnb-skryl-investicni-byznys\/r~f7e1b6b0d03711ecabca0cc47ab5f122\/\">(p\u016fvodn\u011b spolu<\/a><a href=\"https:\/\/zpravy.aktualne.cz\/domaci\/favorit-na-guvernera-cnb-skryl-investicni-byznys\/r~f7e1b6b0d03711ecabca0cc47ab5f122\/\" target=\"_blank\" rel=\"noopener\" title=\"\">majitel investi\u010dn\u00edch fond\u016f <\/a><a href=\"https:\/\/zpravy.aktualne.cz\/domaci\/favorit-na-guvernera-cnb-skryl-investicni-byznys\/r~f7e1b6b0d03711ecabca0cc47ab5f122\/\">Quant<\/a> a ano, v\u0161ichni v\u00edme, \u017ee takov\u00e9 fond\u00edky se nepou\u0161t\u00ed, jen p\u0159ev\u00e1d\u011bj\u00ed do sv\u011b\u0159eneck\u00fdch fond\u016f a pr\u00e1v\u011b odtud mo\u017en\u00e1 pramen\u00ed h\u00e1\u010dek z kr\u00e1li\u010d\u00ed nory, p\u0159es kterou lze Michla tahat na udi\u010dce) se dostal do pozice, kdy z pozice s\u00edly a <a href=\"https:\/\/www.jindrichsmitka.cz\/index.php\/2021\/01\/30\/placeni-zivotnim-casem\/\" target=\"_blank\" rel=\"noopener\" title=\"\">\u017eivotn\u00edho \u010dasu<\/a> cel\u00e9ho n\u00e1roda vytvo\u0159il nejv\u011bt\u0161\u00ed hedgeov\u00fd fond v na\u0161\u00ed republice.<\/p>\n\n\n\n<p>Ur\u010dit\u011b je fajn, \u017ee se Michl m\u016f\u017ee s na\u0161imi pen\u011bzi ve sv\u011bt\u011b p\u0159edv\u00e1d\u011bt a skl\u00edz\u00ed ceny za <a href=\"https:\/\/www.seznamzpravy.cz\/clanek\/ekonomika-finance-ales-michl-se-stal-guvernerem-roku-272188\">b<\/a><a href=\"https:\/\/www.seznamzpravy.cz\/clanek\/ekonomika-finance-ales-michl-se-stal-guvernerem-roku-272188\" target=\"_blank\" rel=\"noopener\" title=\"\">ank\u00e9\u0159e roku<\/a>. Je ale ot\u00e1zkou, na kolik se bank\u00e9\u0159 roku vyhla\u0161uje podle toho, na kolik po\u0161kod\u00ed z\u00e1jmy sv\u00e9 zem\u011b a p\u0159ihraje kamar\u00e1d\u016fm z pokru.<\/p>\n\n\n\n<p><strong>\u010cesk\u00e1 n\u00e1rodn\u00ed banka<\/strong> <strong>spekuluje na m\u011bn\u00e1ch, akci\u00edch, zlat\u011b i na dal\u0161\u00edch trz\u00edch<\/strong><\/p>\n\n\n\n<p>Natiskne n\u00e1m inflaci a s nati\u0161t\u011bn\u00fdmi pen\u011bzi pak spekuluje v zahrani\u010d\u00ed. Na evropsk\u00fdch, britsk\u00fdch a americk\u00fdch trz\u00edch. Velk\u00e9 spekulace prob\u00edhaj\u00ed s <a href=\"https:\/\/www.cnb.cz\/cs\/verejnost\/servis-pro-media\/autorske-clanky-rozhovory-s-predstaviteli-cnb\/Jan-Kubicek-Podil-akciove-slozky-v-devizovych-rezervach-poroste.-Zvysi-se-vyznam-americkeho-trhu\/\" target=\"_blank\" rel=\"noopener\" title=\"\">akciemi v Americe<\/a>, kter\u00e9 jsou na cest\u011b k velk\u00e9mu kolapsu. Spekuluje s bezcenn\u00fdmi dluhopisy a akciemi na bankrotuj\u00edc\u00edch eurounijn\u00edch trz\u00edch.<\/p>\n\n\n\n<p>Spekuluje i s \u201ena\u0161\u00edm\u201c zlatem, zakoupen\u00fdm za na\u0161e nov\u011b vyti\u0161t\u011bn\u00e9 infla\u010dn\u00ed pen\u00edze, kter\u00e9 n\u00e1m natiskla <a href=\"https:\/\/www.e15.cz\/byznys\/finance-a-bankovnictvi\/zlaty-vedlejsak-cnb-pujcuje-drahy-kov-svetu-vydelat-se-daji-i-nasobky-uroku-na-sporicich-uctech-1424860\">v <\/a><a href=\"https:\/\/www.e15.cz\/byznys\/finance-a-bankovnictvi\/zlaty-vedlejsak-cnb-pujcuje-drahy-kov-svetu-vydelat-se-daji-i-nasobky-uroku-na-sporicich-uctech-1424860\" target=\"_blank\" rel=\"noopener\" title=\"\">britsk\u00e9m<\/a><a href=\"https:\/\/www.e15.cz\/byznys\/finance-a-bankovnictvi\/zlaty-vedlejsak-cnb-pujcuje-drahy-kov-svetu-vydelat-se-daji-i-nasobky-uroku-na-sporicich-uctech-1424860\"> Lond\u00fdn\u011b<\/a> a to v situaci, kdy LBMA (lond\u00fdnsk\u00e9 zlat\u00e9 burze) fyzick\u00e9 zlato pr\u016fb\u011b\u017en\u011b doch\u00e1z\u00ed a je jen ot\u00e1zkou \u010dasu, kdy nebude schopn\u00fd dodat naslibovan\u00e9 pap\u00edrov\u00e9 zlato, kter\u00e9 nem\u00e1. Na probl\u00e9m deriv\u00e1t\u016f a neexistuj\u00edc\u00edho pap\u00edrov\u00e9ho zlata a souvisej\u00edc\u00edch rizik <a href=\"https:\/\/www.youtube.com\/watch?v=A2_kT3_87to\" target=\"_blank\" rel=\"noopener\" title=\"\">upozor\u0148uje i samotn\u00e1 ECB (zde)<\/a>. A n\u011bkomu tak na konci zbude \u010cern\u00fd Petr v t\u00e9hle pyramidov\u00e9 h\u0159e a pak \u010cNB (n\u00e1m) m\u00edsto zlata z\u016fstanou jen bezcenn\u00e9 certifik\u00e1ty, kter\u00e9 kolabuj\u00edc\u00ed lond\u00fdnsk\u00fd trh nedok\u00e1\u017ee dodat.<\/p>\n\n\n\n<p>Zkr\u00e1tka, s na\u0161imi pen\u011bzi d\u011bl\u00e1 \u010cNB v\u0161echno mo\u017en\u00e9, jen ne to, co bychom od n\u00ed pot\u0159ebovali. Oh\u0159\u00edv\u00e1 a udr\u017euje na\u0161imi pen\u011bzi nad vodou v\u0161emo\u017en\u00e9 kolabuj\u00edc\u00ed sv\u011btov\u00e9 trhy. A mo\u017en\u00e1 m\u00e1 d\u00edky tomu z na\u0161ich pen\u011bz i n\u011bjak\u00e9 v\u00fdnosy. Ale ot\u00e1zkou je, opravdu jsme dali t\u00e9to instituci mand\u00e1t, aby se stala nejv\u011bt\u0161\u00edm hedgeov\u00fdm fondem v zemi a d\u011blala s na\u0161imi pen\u011bzi i zlatem k\u0161efty v zahrani\u010d\u00ed? Ta odpov\u011b\u010f zn\u00ed ne!<\/p>\n\n\n\n<p>Na\u0161t\u011bst\u00ed u\u017e v\u00edme, \u017ee si to nemus\u00edme nechat l\u00edbit, proto\u017ee <a href=\"https:\/\/www.motivar.cz\/motivacni-citat-tva-jedina-omezeni-jsou-ta--ktera-si-sam-stanovis\/\" target=\"_blank\" rel=\"noopener\" title=\"\">&#8222;Tv\u00e1 jedin\u00e1 omezen\u00ed jsou ta, kter\u00e1  si s\u00e1m stanov\u00ed\u0161&#8220; (motiva\u010dn\u00ed obraz s t\u00edmto cit\u00e1tem k dost\u00e1n\u00ed zde)<\/a> a proto i tento neblah\u00fd stav m\u016f\u017eeme zm\u011bnit. <\/p>\n\n\n\n<script async=\"\" src=\"\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js\"><\/script><!-- Automatick\u00e1 velikost reklamy --><ins class=\"adsbygoogle\" style=\"display: block;\" data-ad-client=\"ca-pub-9221645303649413\" data-ad-slot=\"8661693083\" data-ad-format=\"auto\" data-full-width-responsive=\"true\"><\/ins><script>\n(adsbygoogle = window.adsbygoogle || []).push({});\n<\/script><br>\n\n\n\n<p><strong>\u010cesk\u00e1 n\u00e1rodn\u00ed banka sou\u010d\u00e1st\u00ed nebezpe\u010dn\u00e9ho kartelu centr\u00e1ln\u00edch bank<\/strong><\/p>\n\n\n\n<p>\u010cNB se bohu\u017eel stala sou\u010d\u00e1st\u00ed nebezpe\u010dn\u00e9ho celosv\u011btov\u00e9ho kartelu centr\u00e1ln\u00edch bank, kter\u00e9 financuj\u00ed kdejakou lev\u00e1rnu od neleg\u00e1ln\u00ed imigrace, p\u0159es LGBTQ+, zelen\u00e9 politiky Green dealu, cenzury a dal\u0161\u00edch ni\u010demnost\u00ed.<\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"alignleft size-large is-resized\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"689\" src=\"http:\/\/www.jindrichsmitka.cz\/wp-content\/uploads\/2025\/07\/Michl-v-Aspen-Institutu-2-1024x689.png\" alt=\"Ale\u0161 Michl, \u010cNB, \u010cesk\u00e1 n\u00e1rodn\u00ed banka, Aspen Institut, inflace, \u010desk\u00e1 koruna\" class=\"wp-image-5216\" style=\"width:315px;height:auto\" srcset=\"https:\/\/www.jindrichsmitka.cz\/wp-content\/uploads\/2025\/07\/Michl-v-Aspen-Institutu-2-1024x689.png 1024w, https:\/\/www.jindrichsmitka.cz\/wp-content\/uploads\/2025\/07\/Michl-v-Aspen-Institutu-2-300x202.png 300w, https:\/\/www.jindrichsmitka.cz\/wp-content\/uploads\/2025\/07\/Michl-v-Aspen-Institutu-2-768x517.png 768w, https:\/\/www.jindrichsmitka.cz\/wp-content\/uploads\/2025\/07\/Michl-v-Aspen-Institutu-2-624x420.png 624w, https:\/\/www.jindrichsmitka.cz\/wp-content\/uploads\/2025\/07\/Michl-v-Aspen-Institutu-2-150x101.png 150w, https:\/\/www.jindrichsmitka.cz\/wp-content\/uploads\/2025\/07\/Michl-v-Aspen-Institutu-2-696x468.png 696w, https:\/\/www.jindrichsmitka.cz\/wp-content\/uploads\/2025\/07\/Michl-v-Aspen-Institutu-2-1068x719.png 1068w, https:\/\/www.jindrichsmitka.cz\/wp-content\/uploads\/2025\/07\/Michl-v-Aspen-Institutu-2.png 1348w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><figcaption class=\"wp-element-caption\">Ale\u0161 Michl, guvern\u00e9r \u010cNB a \u00fa\u010dastn\u00edk Aspen Institutu. Zdroj: Web Aspen Institutu<\/figcaption><\/figure>\n<\/div>\n\n\n<p>Jen to nen\u00ed vid\u011bt, proto\u017ee tato krimin\u00e1ln\u00ed s\u00ed\u0165 se skr\u00fdv\u00e1 za spletitou s\u00edt\u00ed finan\u010dn\u00edch transakc\u00ed, kter\u00e9 \u0159\u00edd\u00ed ve sv\u016fj prosp\u011bch. A p\u0159esto\u017ee to vid\u011bt nen\u00ed, tak tato krimin\u00e1ln\u00ed s\u00ed\u0165 zneu\u017e\u00edv\u00e1 n\u00e1\u0161 vlastn\u00ed <a href=\"https:\/\/www.jindrichsmitka.cz\/index.php\/2021\/01\/30\/placeni-zivotnim-casem\/\" target=\"_blank\" rel=\"noopener\" title=\"\">\u017eivotn\u00ed \u010das (psal jsem zde)<\/a>, z\u00e1jmy a na\u0161e prost\u0159edky proti n\u00e1m samotn\u00fdm.<\/p>\n\n\n\n<p>A guvern\u00e9r \u010cNB Michl jako dosazen\u00fd pan\u00e1\u010dek z programu <a href=\"https:\/\/www.aspeninstitutece.org\/people-profile\/ales-michl\/\" target=\"_blank\" rel=\"noopener\" title=\"\">Young Leaders<\/a> d\u011bl\u00e1 to, co je jeho p\u00e1n\u00ed\u010dk\u016fm t\u0159eba. Je toti\u017e sou\u010d\u00e1st\u00ed nebezpe\u010dn\u00e9 organizace Aspen Institut, kter\u00e1 dosazuje a \u0159\u00edd\u00ed v\u011bt\u0161inu d\u016fle\u017eit\u00fdch loutek v \u010desk\u00e9 st\u00e1tn\u00ed spr\u00e1v\u011b v\u010detn\u011b prezidenta P\u00e1vka i ztroskotance premi\u00e9ra Fialu, a poskoky Raku\u0161ana, Pekarovou a dal\u0161\u00ed zn\u00e1m\u00e9 firmy. A jejich agendu tyto loutky nad\u0161en\u011b vykon\u00e1vaj\u00ed.<\/p>\n\n\n\n<p><strong>Z\u00e1v\u011br<\/strong><\/p>\n\n\n\n<p>\u010cesk\u00e1 n\u00e1rodn\u00ed banka nem\u00e1 spekulovat s na\u0161imi pen\u011bzi ani n\u00e1m nem\u00e1 d\u011blat inflaci, aby mohla nov\u011b nati\u0161t\u011bn\u00e9 pen\u00edze, o jejich\u017e hodnotu n\u00e1s okradla, strkat na z\u00e1padn\u00ed trhy a podporovat zlo, kter\u00e9 ze z\u00e1padu p\u0159ich\u00e1z\u00ed.<\/p>\n\n\n\n<p>Nem\u00e1 \u017e\u00e1dn\u00fd mand\u00e1t k tomu, aby vytv\u00e1\u0159ela inflaci. Nezn\u00e1m jedin\u00e9ho \u010dlov\u011bka, kter\u00fd poctiv\u011b pracuje a \u0161et\u0159\u00ed (co\u017e je p\u0159\u00edznak \u0159\u00e1dn\u00e9ho hospod\u00e1\u0159e), kter\u00fd by si p\u0159\u00e1l nebo snad schvaloval, aby jeho pen\u00edze a t\u00edm i v nich ulo\u017een\u00fd \u017eivotn\u00ed \u010das, kter\u00fd str\u00e1vil s jejich vyd\u011bl\u00e1v\u00e1n\u00edm, neust\u00e1le ztr\u00e1cely na hodnot\u011b.<\/p>\n\n\n\n<p>A \u00faspory jsou to, co umo\u017e\u0148uje ekonomick\u00fd r\u016fst. Ne dluhy, kter\u00e9 jsou jen kr\u00e1tkodobou iluz\u00ed r\u016fstu. Skute\u010dn\u00e9 \u00faspory a p\u0159ebytky jsou motorem ekonomick\u00e9ho r\u016fstu. Toho, kter\u00fd se tak nutn\u011b sna\u017e\u00edme v\u0161ude nal\u00e9zt, ale hled\u00e1me ho na \u0161patn\u00e9m m\u00edst\u011b. V dluz\u00edch a deficitu r\u016fst nen\u00ed a nebude.<\/p>\n\n\n\n<p>Mo\u017en\u00e1, \u017ee i z toho pramen\u00ed vy\u010derp\u00e1n\u00ed dne\u0161n\u00ed z\u00e1padn\u00ed spole\u010dnosti, kter\u00e1 tento zlovoln\u00fd zp\u016fsob jedn\u00e1n\u00ed centr\u00e1ln\u00edch bank bez v\u00fdhrad p\u0159ijala a nech\u00e1 se j\u00edm ovl\u00e1dat a \u0159\u00eddit.<\/p>\n\n\n\n<p><strong>A jak\u00e9 je \u0159e\u0161en\u00ed t\u00e9to situace?<\/strong><\/p>\n\n\n\n<p>Tyto informace neznamenaj\u00ed, \u017ee nem\u00e1me m\u00edt vlastn\u00ed m\u011bnu nebo jej\u00ed dohledov\u00fd org\u00e1n. Naopak. M\u00edt moc ve vlastn\u00edch ruk\u00e1ch ve vlastn\u00ed zemi je zcela z\u00e1sadn\u00ed v\u011bc pro p\u0159e\u017eit\u00ed na\u0161\u00ed zem\u011b a n\u00e1roda.<\/p>\n\n\n\n<p>Pokud i tady to v mal\u00e9m funguje \u0161patn\u011b, bude to ve v\u011bt\u0161\u00edm celku, kter\u00fd je je\u0161t\u011b v\u00edc utr\u017een\u00fd od reality fungovat je\u0161t\u011b h\u016f\u0159, co se tak\u00e9 skute\u010dn\u011b d\u011bje. V\u00edc lid\u00ed v syst\u00e9mu znamen\u00e1 v\u00edc moci t\u011bm, co syst\u00e9m \u0161patn\u011b \u0159\u00edd\u00ed. To vyvol\u00e1v\u00e1 v\u011bt\u0161\u00ed poku\u0161en\u00ed a ve v\u00fdsledku je to vede k je\u0161t\u011b mnohon\u00e1sobn\u011b hor\u0161\u00edm v\u00fdsledk\u016fm. Sta\u010d\u00ed se pod\u00edvat na euro, dolar, britskou libru a jejich centr\u00e1ln\u00ed banky, kde jsou zem\u011b v je\u0161t\u011b podstatn\u011b hor\u0161\u00edm stavu.<\/p>\n\n\n\n<p>S \u010cNB si m\u016f\u017eeme poradit vlastn\u00edmi silami. M\u016f\u017eeme omezit jej\u00ed pravomoci a p\u0159izp\u016fsobit jej\u00ed funkce skute\u010dn\u00fdm z\u00e1jm\u016fm na\u0161\u00ed zem\u011b a lidu. Nejsp\u00ed\u0161 dok\u00e1\u017eeme i dosadit spr\u00e1vn\u00e9ho hospod\u00e1\u0159e, kter\u00fd se bude starat o z\u00e1jmy na\u0161\u00ed zem\u011b a na\u0161ich lid\u00ed.<\/p>\n\n\n\n<p>\u010cNB ur\u010dit\u011b m\u016f\u017ee p\u0159estat vytv\u00e1\u0159et inflaci, p\u0159estat tisknout pen\u00edze, p\u0159estat manipulovat \u00farokov\u00e9 sazby. A m\u016f\u017ee dokonce ud\u011blat i p\u0159esn\u00fd opak a to stahovat pen\u00edze z ob\u011bhu, jako se to d\u011bje v Argentin\u011b ve snaze zastavit inflaci. M\u016f\u017ee stahovat na\u0161e pen\u00edze ze z\u00e1padn\u00edch trh\u016f, kde na\u0161e pen\u00edze pracuj\u00ed proti n\u00e1m samotn\u00fdm. M\u016f\u017ee i ono pap\u00edrov\u00e9 zlato stihnout vybrat a dostat do \u010desk\u00fdch trezor\u016f. Ale to by musela cht\u00edt.<\/p>\n\n\n\n<p>My m\u016f\u017eeme mezit\u00edm jen volit spr\u00e1vn\u011b, protestovat, nau\u010dit se \u0159\u00edkat ne, hledat alternativy a podporovat, co na\u0161\u00ed zemi posouv\u00e1 vp\u0159ed a ne vzad. Sta\u010d\u00ed hledat. Mo\u017enosti jsou.<\/p>\n\n\n\n<p>Na\u0161t\u011bst\u00ed u\u017e v\u00edme, \u017ee <a href=\"https:\/\/www.motivar.cz\/motivacni-citat-v-kazdy-moment-mas-vse-potrebne-k-dosazeni-sveho-cile\/\" target=\"_blank\" rel=\"noopener\" title=\"\">&#8222;V ka\u017ed\u00fd moment m\u00e1\u0161 v\u0161e pot\u0159ebn\u00e9 k dosa\u017een\u00ed sv\u00e9ho c\u00edle&#8220; (motiva\u010dn\u00ed obraz s t\u00edmto cit\u00e1tem k dost\u00e1n\u00ed zde)<\/a>, tak\u017ee kdo chce, ten svoj\u00ed cestu, jak p\u0159ilo\u017eit ruku k d\u00edlu najde. <\/p>\n\n\n\n<p class=\"has-text-align-center\">&#8212; konec \u010dl\u00e1nku &#8212;<\/p>\n\n\n\n<p><em>D\u00e1l se m\u016f\u017eete pod\u00edvat do e-shopu&nbsp;<a href=\"http:\/\/motivar.cz\/\" target=\"_blank\" rel=\"noreferrer noopener\">Motiv\u00e1\u0159.cz<\/a>&nbsp;a vybrat si z \u0159ady designov\u00fdch motiva\u010dn\u00edch obraz\u016f s cit\u00e1tem s podtitulem \u201edenn\u00ed d\u00e1vka motivace a dobr\u00e9 n\u00e1lady\u201c. P\u0159\u00edpadn\u011b se m\u016f\u017eete pod\u00edvat na Videobesedu o pouti do Santiaga de Compostela&nbsp;<a href=\"https:\/\/www.jindrichsmitka.cz\/produkt\/videobeseda-3-000-kilometru-pesky-do-santiaga-de-compostela\/\" target=\"_blank\" rel=\"noreferrer noopener\">(zde)<\/a>&nbsp;a t\u0159eba si p\u0159itom i trochu vy\u010distit hlavu.&nbsp;<\/em>A nebo si po\u0159\u00eddit hezkou voskovou sv\u00ed\u010dku z rodinn\u00e9 manufaktury&nbsp;<a href=\"https:\/\/www.sochorskymlyn.cz\/\" target=\"_blank\" rel=\"noreferrer noopener\">(zde)<\/a>.<\/p>\n\n\n\n<p><em>I nad\u00e1le se v\u0161ak m\u016f\u017eete t\u011b\u0161it na dal\u0161\u00ed zaj\u00edmav\u00e1 t\u00e9mata. Rozhodn\u011b se proto&nbsp;<strong>zapi\u0161te k odb\u011bru novinek<\/strong>&nbsp;do formul\u00e1\u0159e n\u00ed\u017ee, aby V\u00e1m nic neuniklo nebo&nbsp;<strong>podpo\u0159te provoz<\/strong>&nbsp;tohoto blogu p\u0159\u00edsp\u011bvkem&nbsp;<a href=\"https:\/\/www.jindrichsmitka.cz\/2019\/04\/13\/podporte-dalsi-rozvoj-blogu\" target=\"_blank\" rel=\"noreferrer noopener\">(v\u00edce zde)<\/a>.<\/em><\/p>\n\n\n\n<p><strong>P\u0159ihl\u00e1sit k odb\u011bru novinek:<\/strong>&nbsp;[mc4wp_form id=\u201c175\u2033]<\/p>\n","protected":false},"excerpt":{"rendered":"<p>\u010cesk\u00e1 n\u00e1rodn\u00ed banka m\u00e1 pe\u010dovat o stabilitu m\u011bny. M\u00edsto toho zlovoln\u011b d\u011bl\u00e1 inflaci a hazarduje s pen\u011bzi n\u00e1s v\u0161ech na ciz\u00edch trz\u00edch. Pochopiteln\u011b, to \u017ee to d\u011blaj\u00ed ostatn\u00ed centr\u00e1ln\u00ed banky ve v\u011bt\u0161\u00edm nen\u00ed v\u00fdmluva. Pozn. oprava \u00fadaje (26.07.2025): \u010cNB zavedla kurzov\u00fd z\u00e1vazek na 27 K\u010d\/euro, m\u00edsto zm\u00edn\u011bn\u00fdch 25 K\u010d\/eur. \u010cesk\u00e1 n\u00e1rodn\u00ed banka (\u010cNB) ji\u017e dlouho [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":5216,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[56,1354],"tags":[1604,1309,281],"class_list":["post-5215","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-myslenky","category-spolecnost","tag-cnb-2","tag-inflace","tag-penize"],"aioseo_notices":[],"jetpack_featured_media_url":"https:\/\/www.jindrichsmitka.cz\/wp-content\/uploads\/2025\/07\/Michl-v-Aspen-Institutu-2.png","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.jindrichsmitka.cz\/index.php\/wp-json\/wp\/v2\/posts\/5215","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.jindrichsmitka.cz\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.jindrichsmitka.cz\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.jindrichsmitka.cz\/index.php\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.jindrichsmitka.cz\/index.php\/wp-json\/wp\/v2\/comments?post=5215"}],"version-history":[{"count":7,"href":"https:\/\/www.jindrichsmitka.cz\/index.php\/wp-json\/wp\/v2\/posts\/5215\/revisions"}],"predecessor-version":[{"id":5249,"href":"https:\/\/www.jindrichsmitka.cz\/index.php\/wp-json\/wp\/v2\/posts\/5215\/revisions\/5249"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.jindrichsmitka.cz\/index.php\/wp-json\/wp\/v2\/media\/5216"}],"wp:attachment":[{"href":"https:\/\/www.jindrichsmitka.cz\/index.php\/wp-json\/wp\/v2\/media?parent=5215"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.jindrichsmitka.cz\/index.php\/wp-json\/wp\/v2\/categories?post=5215"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.jindrichsmitka.cz\/index.php\/wp-json\/wp\/v2\/tags?post=5215"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}