The “will they, won’t they” saga over European economic stimulus continues. Analysts are divided over whether the European Central Bank will announce a bigger boost for the struggling economies of the eurozone at its monthly meeting on Thursday. The ECB is already buying asset-backed securities (bundles of bonds) in an attempt to stimulate lending, but many economists would like to see some more aggressive stimulus to pull the eurozone out of its current economic morass. Figures released last Friday revealed that unemployment in the 18-country currency zone is stuck at 11.5%. In Italy the jobless count has risen to 13.2%, while in Greece and Spain, a quarter of the working population is out of work. But Jens Weidmann, the ECB’s hawk-in-chief, said that central banks didn’t have “an Aladdin’s lamp that you just have to rub to make all wishes come true”, dampening hopes that the bank might announce a full-blown quantitative easing programme next week. The head of the ECB, Mario Draghi, is likely to step up his calls for further economic reform within troubled eurozone countries. In a speech last week he warned that lack of reform could create a permanent divergence within the currency union, which would have “potentially damaging consequences for us all”... In reality, the central bankers (guided by anonymous stockholders) and their "paid for" puppet politicians have managed in a few years to turn all of Europe into a nightmare mirror image of the USA! They have torn up the social safety nets, wreaked havoc on economies, brought in cheap labor from third-world countries, created homelessness and unemployment, destroyed small business, manipulated currency and stock markets, expanded the dangerous drug trade, child porn, and on and on. Club Med's economy is in "the toilet" thanks to the central bank owners - and now the vulture bastards are making money off of the "bones" of dying countries like Greece! Presumably the BoE, the FED and the ECB - disguised as governmental agencies - are there to regulate the banking industry? That's like asking a coke addict to regulate the amount of cocaine coming out of Columbia! Minimum wage, temporary jobs and wild speculation in the markets have replaced “real growth” while central banks such as the BoE, the FED, the IMF and the FED-backed ECB have created “A sow’s ear from a silk purse” when it comes to the major and minor economies of the civilized world:
1. Austerity in Europe has halted growth and is destroying ClubMed ***
2. Control by Signor Draghi and other Goldman Sach’s henchmen in Brussels prohibit fair referendums in Europe
3. When the Fed so much as hints about an exit from stimulation, the world's stock markets begin to panic
4. Japan's desperate stimulus plus devaluation is already looking fragile with major buying attacks on the Yen
5. QE hasn't had any lasting economic effect in the USA or Great Britain
6. Negative Flash PMI data from China along with uncertainty about the US Federal Reserve’s bond-buying program saw Russian stocks slump
7. The ECB forced German central banks to bear the brunt of the bailouts – thus depleting taxpayer’s savings, having weaker nations blame Germany for the austerity, and destroying Germany’s export markets!
It is time to open central banking books for two overall reasons: either they are totally incompetent imbeciles or this depression is being orchestrated for financial gain and control of sovereign nations. Whatever the answer may be, banking officials need to be reviewed by independent government panels and then removed for crimes against humanity.
After all, these bankers have steeled themselves to loss of life and livelihood for generations – the rest of us need to steel ourselves to getting rid of them pronto before their scheme for ultimate control is finalized. For a start, fair referendums need to be allowed in all EU nations for an end to this “Euro Madness” and a return to individual currencies printed directly by government treasuries.
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