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… Continue reading What happened to that €1 trillion?
Those whom the gods wish to destroy, they first make mad. Handing €1 trillion of public money to ANONYMOUS bankers with no publicly available audit trail would be corrupt on a scale so staggeringly as to be virtually beyond comprehension. Yet this is what the European Central Bank (ECB) and the European Union (EU) have… Continue reading What happened to that €1 trillion?
Next month former President of the European Commission José Manuel Barroso will speak at a Financial Times conference on the Business of Luxury in Lisbon (see bottom of image below). Barroso’s Lisbon speech will be in stark contrast to his role as Chairman of the UEFA Foundation for Children, designed to help underprivileged kids around the… Continue reading Ex-EU Boss José Manuel Barroso to speak at FT Business of Luxury Conference in Lisbon
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… Continue reading Failure of Bazookanomics – ECB QE