By guaranteeing a perpetual market for Euro-area bonds???? In Europe? From European countries who are the source of those bonds? From the same governments who issue those bonds in order to expand the number of Euros circulating?
The author is advocating simple money printing money.
banks worldwide will be able to post up to €50 billion in euro-denominated collateral, such as government bonds, with the ECB in order to obtain euro liquidity from the central bank in cases of acute need.
Behind the language this actually means that euro bonds will be issued to create Euros that will then be used to purchase the Eurobonds.
But the Eurobonds carry interest.
The Euros to pay that interest do not exist.
Unless the Eurobonds pay negative interest, or the ECB permits itself to issue more than one € for every € of Eurobond, then this scheme is not possible.
FWIW, that is why the Eurodollar exists.
For every $ of Treasury Bonds a Euro bank has, they can create $1+ value of €.
This is also why they cannot sell those Treasuries like they pretend. If they exchange each $1 of Treasury for $1 of cash then the $1+ worth of € they created using the $1 Treasury as reserve is unsupported. Doing that would crash the Euro.
Basel 3 rules attempted to solve this by making another asset have banking status equal to the Dollar: Gold
But unless the value of Gold in USD rises over 10-fold, there is not enough Gold to replace the USD Treasuries.
The Atlantic is Mad Magazine for Trustfund Babies.
Being spared the stress of clawing your way up from nothing apparently rots one's critical faculties.
Though as ridiculous as Mad Magazine, the Trust Fund babies treat The Atlantic as though it were the Holy Bible, delivered straight from the mouth of God.
The Measels Mumps Rubella (MMR) vaccine debuted in the late 1960s.
I was one of the children who got it.
The rate of vaccine injury was high enough that MMR was pulled, such that when I was in the military in the 1990s they insisted I had no vaccination against any of the three...
They no longer even knew what the MMR was, such that its record on my shot record did not convey that I had been vaccinated.
Nevertheless, I was apparently one of the last to get it. Because it was common for grammar-school age kids to get measles, mumps, or rubella. It was a right of passage. Most of my childhood friends got at least one of the three. Some of the less healthy kids died.
But why is a GEN Z writer born decades after the last case in the US writing dramatic fiction and pretending it is news?
You moron. That kind of scare tactic only works when your elders never had the disease.
It is exceedingly strange that Msrs Macleod and VonGreyerz view Bretton Woods as a Gold Standard, inasmuch as the lack of Golds use as currency is the very thing that made it possible to manipulate with derivatives.
Stranger still is the fact that both view 1971 as the grand crime ending the Gold Standard while they ignore 1914, when both of their countries suspended conversion of currency to Gold, exactly as the US did in 1971 nearly 60 years later.
Even stranger that they take no notice that both of their countries ended their national currencies' link to Gold ENTIRELY, while the US still has not retaining that link in 31 USC 5117 at a giant discount to market prices.
The real solution will be the one no one likes...because everyone overestimates their ability and righteousness to "get a little bit more".
This is a lesson in unchanging human nature you are seeing.
Humans are opportunists.
Humans will be as corrupt as they allow each other to be. Tolerated corruption will simply become so accepted that people no longer view it as corruption. Then they will be confused and stubborn when their counterparty refuses to yield to it.
"Hate" speech is any speech men with guns do not like.
If governments may do whatever they wish to you simply by naming your speech to be "hate" then you will soon discover that all speech is "hate" speech... because you LET THEM SEIZE TOTALITARIAN POWER USING AN UNDEFINED INTANGIBLE AS PRETEXT.
They are not outraged because other states paid for it, and because their palms were greased.
It appears most of the country will turn a blind eye to the ritualistic slaughter and cannibal eating of children if bribed with 401k and "bigger number" portfolio accounts.
How much easier to ignore theft of a few thousand per citizen?
Because if you will ignore it for credit when someone slaughters and eats your children, you will ignore ANYTHING for the sweet sweet LOOT.
Recent Comments
The government is revealed as consisting of two Parties.
But the Parties are not the ones you think. And any member of either Party may wear either Red or Blue.
There is the Satanist Party. These are the Epstein people who love "Jerky" and "Pizza and Grape Soda".
And there is the criminal Mafia Party. These are the people who want to expropriate, enslave, and brutalize people at will.
Almost no one remains in government without joining one or both of these Parties.
That includes State and Local Government.
But you can make your displeasure known to local, and sometimes State governments.
What do you know?
The frequent Wild West assassinations of the 19th Century turned out to have been benevolent limits on criminality.
Import Pakistan.
Import Pakistani organized crime.
Import Pakistani government.
When is the military coup?
Any questions how this works?
Everyone is not the same.
Every change made to the US government since the 1870s has been destructive.
This is why only local communities should ever have a say in local education.
Insurrection.
If everyone is a citizen and has full citizenship rights, then no one is a citizen, and governments cannot be democratically controlled.
By guaranteeing a perpetual market for Euro-area bonds???? In Europe? From European countries who are the source of those bonds? From the same governments who issue those bonds in order to expand the number of Euros circulating?
The author is advocating simple money printing money.
Behind the language this actually means that euro bonds will be issued to create Euros that will then be used to purchase the Eurobonds.
But the Eurobonds carry interest.
The Euros to pay that interest do not exist.
Unless the Eurobonds pay negative interest, or the ECB permits itself to issue more than one € for every € of Eurobond, then this scheme is not possible.
FWIW, that is why the Eurodollar exists.
For every $ of Treasury Bonds a Euro bank has, they can create $1+ value of €.
This is also why they cannot sell those Treasuries like they pretend. If they exchange each $1 of Treasury for $1 of cash then the $1+ worth of € they created using the $1 Treasury as reserve is unsupported. Doing that would crash the Euro.
Basel 3 rules attempted to solve this by making another asset have banking status equal to the Dollar: Gold
But unless the value of Gold in USD rises over 10-fold, there is not enough Gold to replace the USD Treasuries.
There is no shortage of Demons in this group.
Without indistrious Albertan's to pay for the foreign troops intended to terrorize them, Canada fiscally collapses.
Alberta produces massively. Manitoba produces modestly.
The rest of Canada lives on handouts.
When Alberta leaves, the rest of Canada will fall apart in their haste to rob each other.
My Great-Grandparents were among the Founders of Raymond Alberta. It would be nice to be able to visit cousins and the old Ranch again.
The Atlantic is Mad Magazine for Trustfund Babies.
Being spared the stress of clawing your way up from nothing apparently rots one's critical faculties.
Though as ridiculous as Mad Magazine, the Trust Fund babies treat The Atlantic as though it were the Holy Bible, delivered straight from the mouth of God.
The Measels Mumps Rubella (MMR) vaccine debuted in the late 1960s.
I was one of the children who got it.
The rate of vaccine injury was high enough that MMR was pulled, such that when I was in the military in the 1990s they insisted I had no vaccination against any of the three...
They no longer even knew what the MMR was, such that its record on my shot record did not convey that I had been vaccinated.
Nevertheless, I was apparently one of the last to get it. Because it was common for grammar-school age kids to get measles, mumps, or rubella. It was a right of passage. Most of my childhood friends got at least one of the three. Some of the less healthy kids died.
But why is a GEN Z writer born decades after the last case in the US writing dramatic fiction and pretending it is news?
You moron. That kind of scare tactic only works when your elders never had the disease.
Everyone older than you has personal experience.
Who are you fooling, Liar?
The Demoncrat Party are foreign funded and directed.
They are literal Traitors making war on the Republic.
It is exceedingly strange that Msrs Macleod and VonGreyerz view Bretton Woods as a Gold Standard, inasmuch as the lack of Golds use as currency is the very thing that made it possible to manipulate with derivatives.
Stranger still is the fact that both view 1971 as the grand crime ending the Gold Standard while they ignore 1914, when both of their countries suspended conversion of currency to Gold, exactly as the US did in 1971 nearly 60 years later.
Even stranger that they take no notice that both of their countries ended their national currencies' link to Gold ENTIRELY, while the US still has not retaining that link in 31 USC 5117 at a giant discount to market prices.
The depth of evil here has not been found.
There are also murders.
And worse.
The real solution will be the one no one likes...because everyone overestimates their ability and righteousness to "get a little bit more".
This is a lesson in unchanging human nature you are seeing.
Humans are opportunists.
Humans will be as corrupt as they allow each other to be. Tolerated corruption will simply become so accepted that people no longer view it as corruption. Then they will be confused and stubborn when their counterparty refuses to yield to it.
There will be more than two.
They will not have died during fetish sex.
"Hate" speech is any speech men with guns do not like.
If governments may do whatever they wish to you simply by naming your speech to be "hate" then you will soon discover that all speech is "hate" speech... because you LET THEM SEIZE TOTALITARIAN POWER USING AN UNDEFINED INTANGIBLE AS PRETEXT.
Africa is as it is for a reason.
Plenty of killing.
But corruption never sleeps there.
There are 4.5 million Minnesotans.
They are not outraged because other states paid for it, and because their palms were greased.
It appears most of the country will turn a blind eye to the ritualistic slaughter and cannibal eating of children if bribed with 401k and "bigger number" portfolio accounts.
How much easier to ignore theft of a few thousand per citizen?
Because if you will ignore it for credit when someone slaughters and eats your children, you will ignore ANYTHING for the sweet sweet LOOT.
Inoperative justice system, communist programming from birth, testosterone reducing chemicals in food and water.
We have allowed ourselves to be domesticated livestock.
The fraud is not corruption of the system.
The fraud is endemic because its IS PART OF THE SYSTEM...because you have no government, just a criminal mafia pretending to be one.