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ECB's Own Data Shows QE Program As Utter Failure, Largest Banks Dwindle, Depositor's Capital Eyed for Bail-Ins
Simple, observable facts lead the prudent saver and bank customer to be wary of the status of the European banking system.
European QE has failed and, according to the ECB's own data, has never, ever been successful. Look at this chart below. No matter how much the ECB has cranked up balance sheet purchases, lending to non-financial companies has never, ever materially benefitted.
For more information on bail-in avoidance strategies and how to keep control, custody and possession of your own money, visit http://veritaseum.com.
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It appears the whole communist / bolshevik / zionist plan "promised land of everything" is unwravelling.... sooner the better... Draghi, well lets see him on the gallows like they did to the true defenders of Europe in the mid 1940's.
No, here's the problem.
The ECB needs to issue the ECB Credit Card, offering negative interest rates. High FICO, Low FICO, No FICO - No Problem. If you have a pulse or had one in the recent past, you qualify. Miss a payment - No Problem. Miss all the payments - well, it's only printed money ... No Problem. Credits Limit?? - What's That?? Get Two - One for you and one for a 'friend'.
That'll fix the inflation conundrum.
Ditto the USSA
QE supposed to work? All it does is steal money through the central bank and transfer it to the fat cats. So in that sense, it has worked. I presume it was not sold to the sheep that way? Oh wait, it was not sold at all - it was pretty much mandated by the banks that we elected to congress? Wow - corruption can be confusing.
As I said recently, "How strange that no matter how much I eat, my peasants still complain that they are starving. How can they starve when I eat so much? I'd better eat some more."
After Louis 14 rose from the table he said, "France has dined." (No kidding.)
What happens with negative interest rates and bail-ins?
"Oh, the reason you are poor is becoz you have too much money. I will take your money and then LEND it back to you. See how rich you now are!!!"
Spooky? Good one Reggie!
You're one of the best even if I can't get my head around bitcoin.
Bitcoin=zeroes and ones supported by nothing e.g. worse than fiat.
Bitgold=100% backed by gold, easy pay and receive payment. With debitcard easy access to fiat worldwide. Make choice. Think carefully. You know what to do.
You mean nothing trickled down? How strange...
They mis-named it. Nothing trickled down. But plenty of people got trickled ON.
The "Trickle On Effect."
Seriously though....the ECB has run its course in, what...20 years?! It's the stillborn child of the Soviet Union. It will be done long before a "proper" fiat currency cycle.
And now for something completely different!
...what if Vladimir Putin is the "good guy"?
"No matter how much the ECB has cranked up balance sheet purchases, lending to non-financial companies has never, ever materially benefitted."
Of course it hasn't! Whatever money they get will be pissed away on derivative gambles. The only thing that can fix the economies of the Western world is deep, meaningful reform.
For starters, they can quit pretending that all borrowing is equal. There's a fine line between borrowing for Capital Gains and borrowing for Ponzi. The difference has something to do with cashflow, which has something to do with how rich your customers are ... oh dear, now we have problems ... there's a reason that car financing included "balloon" payments at the end of the term. There's a reason why furniture stores are offering 4 years "interest free". Never mind, just try to be a good little Capitalist. Work harder, not smarter. Pay no attention to the man behind the curtain. It's all your fault for not working hard enough, I mean, not innovating enough, I mean ...
And that is going to hurt. And some more than others.
They're bankers. "When you've only got a hammer" ... I mean, When you've only got a printing press, everything can be solved by lending moar money ...
Remember, remember . . . the something about November. Wait! I forgot.
Back to the bowl of chocolate eyeballs and marshmallow ghosts and a line of half-naked witchy women and tail-twitching pussy cats at the bar.
November 5th is just around the corner, boys and girls..............................