Schlagwort-Archive: sham

It’s happening under our all eyes

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The ECB is now officially financing insolvent states.

Despite the laws for the ECB. How is that done?

Very easy the ECB does not buy bonds directly of states but in a perfidiously way. As you have read yesterday the ECB lends out money to banks with 1 % interest for 3 !!! years.
Now this money is just given with “securities”. The securites of the banks are?

Promises of the states to back up the papers deposited by the ECB. Especially Italy has done that. And so you see it insolvent states back up securities for insolvent banks and insolvent
banks are using bonds of insolvent states as securities.

Now tell me anything about a sham…

Money printing the ECB way

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Great news for all the inaptly European banks out there.

The lender of last resort, does what the FED does for ages, they are printing money. Well it’s not named this of course. Because we live
in time of double-speak. It’s to avoid a credit crunch. And of course the hope is the inaptly banks buy bond from inaptly states.

Is there a way we can influence that? No chance. the ECB is independent and it does not have to follow anything, but usually their laws. And stretching them
is probably the thing Draghi likes the most. And so we go. The ECB funds the defaulted states. What a happy news….