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This Is Why The ECB's QE Will Work, According To The ECB
Earlier, we laid out a very reasonable explanation by none other than Europe's largest insurer AXA why the ECB's QE will fail. The ECB did not like ththis, so it decided to reply. This is how the ECB just "crushed" AXA's logic.
- COEURE SAYS QE WILL WORK BECAUSE IT IS BIG
And scene.
What else is there to add?
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Sure is big enough to crush the middle class.
Size matters I guess.
Fucked up EU CUNTS. Nuff said.
Je suis QE!
"It goes to eleven. That's like one more than ten."
lmao. "Big". Let's just call it BigQE from now on (sorry BigCoiners.... lol).
- COEURE SAYS QE WILL WORK BECAUSE IT'S BIG
- COEURE SAYS QE WAS NEVER INTENDED TO BOOST THE ECONOMY
- COEURE SAYS BIGGER QE WILL MOST EFFECTIVELY ENRICH BANKSTER CLASS, WHICH IT WHAT IT IS REALLY INTENDED TO DO
Coeure covers mic with hand and mutters to a guy next to him, 'WTF, these people really still don't get this is a strong arm stick up?'
Warp drive......
What in hell? Some freaks tried to "arrest" 91 year old Icon Henry Kissinger as a war criminal?
This world has gone crazy!!!
The only sad thing is that they didn't succeed. Also they need to arrest that piece of fecal matter Margaret Thatcher's corpse along with Madeleine Albright
Sadly, it was the Code-Pink tards, who think that attention-whoring can change the world.
Personally, I blame the disease of statism (divide and conquer tool).
To me the only interesting thing is how they get into these meetings when everyone knows who they are. Are they owned by Soros, too? If you or I tried that shit, we'd never get past the front door.
Funny how nature do that.
Code Pink, created by Tribemember Medea Benjamin.
Limited hangout.
actually, there are groups driving this effort that have evidence of child abuse and murder. Regrettably, there is evil child sex organized and one could say rampant amongst some elites. you were not paying attention perhaps to reports pope benedict and the head of the jesuit order resigned for this reason. kissinger, if common law guys are after him, it is for this reason I would bet, war criminal sounds better, so media would use that excuse. They have a list to arrest.
Divide and conquer is a tactical maneuver and its doesn't matter if it's military or political, winning is everything and don't mind the smoking rubble....
Margaret Thatcher...*gag!*
Too bad she didn't live long enough to run out of other people's money...I fucking HATE that stupid quote of hers! What the hell was she spending? Her OWN money?
The Titanic was very big at the time, and it worked very well for less than a week at sea.
But QE is not built to float, its built to hide. So no peeking.
I propose that the QE be directed to people who will do the right thing and spend it.
If I may humbly put myself into the front of the line, I will do so.
As for my qualifications, I spend, have never maintained a budget and am not a Bankster.
Sometimes greed is good. When you look at how much cash they created, if a large part of it had gotten into general circulation we would be looking at hyper-inflation. The greedy have been hiding it away and "invests" in shitty art etc.....
We are on this like ant's on a marble...
Yup, that's what she said.
BiG success or big F
http://s015.radikal.ru/i331/1501/3f/d77623fa3371.jpg
MOAR.
Devolution to the mentality of a two year old.
AKA, "informed voter."
Don't you worry baby, I know you'll feel it, because it is BIG!
Its got electrolites!
QE is what elites crave!
President Camacho: Shit. I know shit's bad right now, with all that starving bullshit, and the dust storms, and we are running out of french fries and burrito coverings. But I got a solution.
South Carolina Representative # 1: That's what you said last time, dipshit!
South Carolina Representative # 2: Yeah, I got a solution, you're a dick! South Carolina, what's up!
Yes, EU QE is TBTF.
it will work like the Fed QE worked and lifted the DOW
a trillion Eurolira will lift DAX to 40,000
but prices on everything will have tripled
Iran, Russia to create joint bank for national currency trade
http://www.tehrantimes.com/politics/121368-iran-russia-to-create-joint-b...
It may be big, but it's still like shooting pool with a rope.
And when it fails, it will be because it was not big enough.
You have to wonder - why does the idea "It needs to be bigger" become obsessive with certain male economists?
Dick jokes aside, it's because the only out they have is to massively inflate the money supply so that their current troubles appear tiny in comparison.
That's it...they HAVE to constantly inflate to stay ahead, to keep 'outgrowing' the debts they run up.
It's like a conga-line, you gotta keep that first guy moving, or else everyone piles up behind in a big clusterfuck.
The economist believe that the equations they use are without flaw so it must be the number that is flawed.
Its like a plumber who demands more water because the toilet is clogged.
"You have to wonder - why does the idea "It needs to be bigger" become obsessive with certain male economists?"
What does that mean with respect to Yellen? They're envious of his penis size? If he does hike rates, it'll be a bigger and better hike? He's going to do QE again, but this time it'll be $200+ billion per month? Yellen is actually a female in disguise?
Not really that amazing of a statement. In their mind the answer to every drug addicts problems is always more drugs.
If you find that you cannot get to sleep at night without several drinks, you know it's time to spend a couple of sleepless nights before you develop a real problem. Well, it seems as though the dot com bust was the time to do that. Now, we're going to have a really nasty case of delirium tremens when we run out of booze. Just wait until CBs break their punch bowls in a drunken slobbering fit of stumbling around and tripping into everything.
"It will work because I said so!"
*Repeatedly stamps feet*
You'll see!
Just not big enough!
Won't the ECB be suprised to find out they are playing with deflated balls.
Big enough to ruin more industries, impoverish moar people, and prove that the average IQ of the good folks in the Brussel's EU parliament is about the same as brussel sprouts - very low. Moar debt to sustain unstainable debt is sheer idiocy. Brings to mind a quote from sometime back, "WAKE UP FOOLS!" Mr. T.
I would like, in the least, to hear or read a neo-Keynesian monetarist provide an honest rebuttal to an Austrian critique of their abject failure. Has anyone seen anything of any quality?
Cabbage, broccoli, cauliflower, kohlrabi and Brussel's sprouts are all the same species. Yet, I fucking hate Brussel's sprouts and like the others. Maybe if the Brussel's sprouts were wrapped in bacon, breaded and deep fried in butter they'd be good, but that's about what it would take.
I found this blog...
http://socialdemocracy21stcentury.blogspot.com/p/blog-page.html
But I haven't had time to go through it. He seems to avoid the truly hard questions, like why a currency needs to be centrally planned.
Currency needs to be centrally planned so that the oh-so-special bankers can do God's work and enrich themselves at our expense through market distortions and seigniorage.
Thanks, I perused a few of the links that caught my attention but I can't say I found anything meaningful.
And even if its not big enough, there's always room for MOAR!
To hell with it! Let's print 500 trillion Euros a day!
(Wait, isn't that kind of like the argument of if $10.10/hr min wage is good, $25/hr is even better and $100/hr would be stupendous?)
COEURE SAYS QE WILL WORK BECAUSE IT IS BIG
"And we can see Russia from our house"!...
This is why Keynesian economics is so fucking infuriating. When QE fails, the mantra is always "It wasn't big enough!" Of course, these brilliant economists will never say how big is big enough - it just needs to be bigger and bigger until it works. If someone protests, they're accused of not having done enough.
The first mistake of the neo-keynesianist's is thinking that QE is Keynesian. Keynesianism is stupid. But it looks like genius compared to this QE boondoggle. Keynes wanted money in public hands. These idiots are stealing everything for themselves. This QE will fail harder because it is a bigger compounding theft than the last one.
Neo-keynesian.
The baby boom generation is fading away and companies like AXA can't generate the interest income required to fund the claims arising.
Sadly, the insurance industry will be forced to tell all those families who boght policies in the 70s, 80s, 90s, 00s that there's no cash there to pay benifits and that it was all a giant scam all along.
I have a simple solution for Coeure. All he need do to ensure ECB QE is successful is click his
heels together whilst saying, "there's no place like home, there's no place like home."
Problem solved and Eurozone economic shangri la is achieved.
Instead, he's going to join the other CBs in a horse race. They're all going to stand around in a circle, jacking off onto a cracker, and the last one to finish has to eat the cracker. The head of the SNB is safe.
Nice
Basically it will work because all economies in developed countries are mathematical economies.
Because of Central Banking, the entire world essentially is a mathematical model.
Math has become social in nature (axioms) where as it is actually a non-social science.
The emergence of the axiomatic methods allowed researchers involved with mathematical projects especially in economics to postpone the day of interpreting their preferred axioms and assumptions. There is no longer any need to seek the blessing of mathematicians and physicists or of other economists who might insist that the relevance of metaphors and analogies be established at the outset. In particular it is no longer regarded as necessary, or even relevant, to economic model construction to consider the nature of social reality, at least for the time being. Nor, it seemed, is it possible for anyone to insist with any legitimacy that the formulations of economists conform to any specific model already found to be successful elsewhere (such as the mechanics model in physics). Actually, the idea of fixed metaphors or even interpretations is rejected by some economic ‘modelers’.
The result is that in due course deductivism in economics, through morphing into mathematical deductivism on the back of developments within the discipline of mathematics, practitioners have become potentially oblivious to any inconsistency between the ontological (in the metaphysical sense) presuppositions of adopting a mathematical modelling emphasis and the nature of social reality. In other words reality.
The consequent rise of mathematical deductivism has culminated in the situation we find today.
To say it will work because it is BIG is a belief that to change the elements at the ends of the equal signs from
x(2) +bsfactor=x(2)+bsfactor to
x(google) +bsfactor=x(google)+bsfactor
will be sufficient to model the world.
What happens is that when these models are solved, the resolutions become the targets against which to goal seek and administer. And thus, levers are created to manipulate and manage towards those artificial guidelines.
Math without framework such as Physics, is just guessing based upon what heretofore have been flawed assumptions.
It is a numbers game and you don’t count because you ain’t in it.
Yeh .. it s the science of Logic that the neo Bolsheviks have denigrated. Math is one thing ... one can manipulate numbers and just lie about them to fit any scenario. However it is the fact that they will not engage logically in any argument that makes then so dangerous and ultimately will mean that they must be ended with force..... before they end you.
A whole branch of science turns out to be fake
Is that a QE in your pocket or are you just glad to see a muppet?
Oh yes Coeure, the man who saw no sign of deflation.
Coeure says "Let them eat cake" ! We will print cake ! Fuck the Insurance companies ! Hail Ceasar !
Like I have been saying for years ... they are clowns on acid. They must be stopped.
Capital One Fraud Researchers May Also Have Done Some Fraud
QE is the new big swinging dick.