Those whom the gods wish to destroy, they first make mad. Handing €1.1 trillion of public money to ANONYMOUS bankers with no publicly available audit trail is an act so corrupt as to be beyond comprehension. Yet that is what has happened to residents of that well known museum — the European Union. Inventing Money… Continue reading What happened to that €1.1 trillion ?
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