What happened to that €1 trillion?

Those whom the gods wish to destroy, they first make mad. Under normal circumstances the transfer of €1 trillion of public money to ANONYMOUS BANKERS with no meaningful audit trail would be representative of a society with corruption tolerance levels so staggeringly off the charts that they be as palpable as they be endemic. Just…

Failure of Bazookanomics – ECB QE

The European Central Bank’s (ECB) monthly Quantitative Easing (QE) Programme prevents banks, pension funds, and insurance companies from accessing traditional low risk investments and forces them to take on more risk by buying lower quality investments. This has a serious knock-on effect: the more risk we take with our money the more recklessly large firms will behave in our name and the…