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"Draghi Loses The Majority" Blasts A Triumphant German Press
Wondering why stocks suddenly found a soft patch in the last few minutes of trading? Here is the reason: according to a report in German Die Welt, the ECB's president and former Goldman Sachs employee, Mario Draghi, has just lost the majority on the ECB Executive Board:
Back row (left to right): Yves Mersch, Peter Praet, Benoît Cœuré
Front row (left to right): Sabine Lautenschläger, Mario Draghi (President), Vítor Constâncio (Vice-President)
From a just released report (google translated) in Germany's Die Welt:
The outlooks for growth and inflation are bleak. Mario Draghi will therefore open the gmoneyates - and is met with increasing resistance. And on the ECB's Executive Board, he has just lost the majority.
....
According to information obtained by "Die Welt", internal resistance to Draghi is now larger than previously thought. He can no longer count on a majority within the Board currently. In the vote on the official opinion of the Governing Council on monetary policy are for information of the "world" three of the six directors supported by the President to the original tune.
In addition to Sabine Lautenschlager and Yves Mersch, who had already previously expressed skepticism about bond purchases, one can now add the Frenchman Benoît Coeuré who is against Draghi's course. ...There had been dissenting voices within the Board on several occasions, but there was always a majority behind the President.
Not this time. Then again, "Draghi is still able to enforce his position easily. Because ultimately decides the proportion of votes on the Board, but in the 24-member Governing Council, in addition to the directors and the governors of the national central banks are represented. Among them there were reportedly more votes against, among others, Bundesbank President Jens Weidmann."
So will Draghi follow Obama in pursuing QE by "executive decision" without a clear majority support? Recall that even Kuroda had a slim 5:4 majority when he decided to go full-Krugman. And if he does so, expect the cold war between South and North Italy to go ballistic and make the smoldering cold war 2.0 between Russia and the West seem like a dress rehearsal.
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Inconceivable!!
Gute Nacht sagen, Guido;)
This photo reminds me of a police line up.
The Usual Suspects?
Mario... If I were you I wouldn't fuck with the guy behind you with the beard. He's bigger than you.
How many assholes we got on this ship anyhow?
https://www.youtube.com/watch?v=sen8Tn8CBA4
I made money today buying this worthless Euro against US dollar.
The PIIGS can keep spending Germany's money because the have the goddamn votes
Fuckin ain't right. No PC, they got nothin. Fuck em. Fenster
Why is he still smiling? Could it be he's not left-handed either?
He's rubbing up against the big dude behind him, Peter Praet?. He's looking forward to later. THAT dude should be in charge.
"I would sooner destroy a stained glass window as an artist like yourself. However, since I can't have you following me either..."
stained glass
Start putting bullets in these people's heads already.
Nothing changes otherwise.
3 headfakes....I am tired
S&P dropped 4 whole points on this, and, as always, the dip was bought right at the close. because....if stocks ever correct, the world could end.
"the world could end."
"the FINANCIAL world WILL end."
fixed it for ya.
leverage is a mutherfucker when prices start falling.
just ask all those shale producers and their lenders.
Draghi will promise a pending LSAP program at each & every one of his
pressers.
Mario "The Jawbone" Draghi
Umm ok?
https://www.tradingview.com/x/JysKvjL2/
Goldmans need to get more stooges in the right places
Hell, they just got one of their Hedge Fund Clients from Horizon Capital into the MoF in Ukraine.
So tell me sweetheart, where's the fucking gold?
You mean there aren't enough right now?
draghi need not worry ... just needs to find a few tall buildings with open windows ...
Poor delusional bastards....
We need another false flag shockery, rather soon, please!
So, it's ... err... bullish? I've thought it would be good for some other 2000pts to the downside...
When DB blows up, the BMW will go in reverse. Last man standing, no deathwish.
BTW, Russia will join Europe when Japan blows up. Dollar is next. There's a plan B. And C. And D. And a large chump of that German gold is repatriated already.
Small countries (Netherlands) are being used as recons, just like small country EU presidents. Like small island bail-ins. And Belgium treasury buyings.
Wow, we are way down in the details here. So, basically, the ECB has something sort of like the Fed hasd voting members and non-voting members. And if you include the non-voting members, Draghi has (maybe) lost his majority support. But if you only count those who count, he still has it.
Am I close?
what are our known unknowns again, what about the unknown unknowns? I am confused, what was the question again...
Squirrel!!!
What were the unknowns supposedly posed and asked about amongst the knowns that thus there was no reason to know about asking as they were unknown to those in the know as we all know unless it's unknown and we don't now which one it is we're trying to point out that we don't know about when we're trying to know the unknown
(sort of a Quantum physics approach .... is Draghi alive or dead inside or outside the box and gotta guess right before you look or it's fuckola'd curtains time)
PS We spoke about everything but gold and that's why I wanted to bring it up specifically because we didn't even think about it.....
Horseshit
And what about the unknown known that these are just a politburo and Europe is fucked!
Draghi, ' can i kick it? '
Weidmann, ' no you can't! '
The decision will come from New York, the announcement will be made in Brussels.
And was prearranged several thousand times over in the City
Would you like a piece of paper for that stuff? Of course we have it. Why everybody's taking the paper stuff. It's all the rage these days!
Although the 'soft patch' was of course quickly paved over to provide a ramp back to green close.
What's that song the Bee Gees sang for Mario Draghi?
Was it Jive talkin' or Jawboning?
After Russian and Norwegian jets supposadly nearly collide Russia and Norway meet for oil talks
http://newworldorderg20.wordpress.com/2014/12/04/do-you-know-why-governemts-lie-about-nato-and-russian-jet-incursions/
That video they showed looked to me like the NATO jet simply just flew up behind the MIG, FFS.
Criminals.
Liars.
Thieves.
BANKRUPT.
Dry.
Boring.
Soulless.
Nice life, losers. How about getting a real job and contributing to GDP instead of manipulating the fuck out of it?
Lets see we are supposed to believe the Frog is now against buying frog debt.... HAhaahahahahahahahahahah
Luckily Mario was elected by a strong majority, so the electorate is right behind him.
goldman stock has really moved nicely. i suspect 200 by new years
The world is beginning to see through these criminals in masses for what they really are. Puppets of the Corporatacracy and the Elites. Obozo, the USSA, ECB, IMF, World Bank, Japan, the West have all lost their Mojo. Nobody can be trusted. Snowden and Manning were the watershed moments. China and Russia are shitting themselves with laughter. Fool me once, shame on me. Fool me twice, I don't think so.
'the world'? Over generalize much?
Russia has seen it already......
http://www.institutionalinvestor.com/Article/1020662/How-Harvard-lost-Ru...
Not a lot of folks are aware that Super Mario is really a Hologram.
How many points have global stock markets gone up on promises that never materialize?
Answer, every single point.
newspaper reported it, so it must be true. move long...
When I think that six guys can crush my buying power with CRTL+P or doing whatever they want with EUR, I start to think about criminal things...
the frenchman is against draghi's money printing? yeah right....
Europe will go up in flames if ECB buys Bonds and Loans at par.
ECB President Mario Draghi's last move towards more QE is no more than stupidity on steroids, even words like misdirected and boneheaded do it a disservice. This is more proof that the Euro-zone is in big trouble, both the union and the flawed currency is again begging to crumble.
One is forced to wonder if Japan and the Yen will crash first considering how each day Japan slides closer to the economic abyss or whether the Euro will lead the way into the wastebasket. Draghi has helped the countries of Europe kick the can down the road but this only delays the failure on the Euro. More on how the Euro-zone has failed to make any real reforms in the article below.
http://brucewilds.blogspot.com/2014/09/euro-zone-and-draghi-both-mired-i...