Join Date: 08.03.2005
No Limits: ECB President Draghi Reaches for the Bazooka
European Central Bank President Mario Draghi has taken a bold step this week to contain the euro crisis. The ECB is now planning unlimited bond purchases in order to prevent an escalation of the euro's woes. The step marks a fundamental shift in efforts to save the common currency -- and comes with plenty of risks.
Join Date: 07.09.2012
Unlimited purchase bonds to debt relief
To which degree is states' debt covered by states' bonds, not even per se performing past obligations emissions. Infinite puchase to a few existing states' bonds ? States' obligations performing states'debts to be transformed to EU bonds could consequence debt relief if purchased by ECB.
Join Date: 14.08.2012
Draghi’s "de facto" political unification is overruling Germany's jurisdiction
Even though Aristotle spoke about three types of possible political systems (and three corrupted counterparts) in reality there are only two: 1- sovereign state-nations; and 2- a worldwide government and empire.
Since the real glue for both, nation and empire, is MONEY, the financial technocrats are in fact taking very serious decisions on behalf of all of US, I mean the populace, either based on technical conundrums or in plainly bad faith.
In the way I see the world, which is not how the vast majority sees it, it is obvious that Draghi has just vastly overstepped his position (in a similar manner that Bernanke and his predecessor Alan Greenspan did in USA), and this is how revolutions have been done in the past, the radicals take over by force over the vast majority.
Draghi had decided for all of US without consultation that the world will go for the global empire, the Euro is just a mere step forward.
Now, the victim this time is the most trusted Judiciary system in the planet, namely the German...
The real issue is how this Mephistophelian proposal will be answered by the German people: 1- taking advantage of a unified European currency (it is clear that the Euro vastly favoured German economy so far) by relinquishing SOVEREIGNTY to European COMMISSARS, or; 2- the German High Court will reassert Germany's independence and the RULE OF LAW, I mean Germany’s law, not "world's law", that oxymoronic abstraction to justify OPPRESSION.
Behind the Scenes there is a fight for supremacy in Europe and Germany is in the back-foot, Hollande’s France wants to be regarded as the girl with the prettiest legs of the continent while playing second fiddle to the UK (especially in overseas adventures…).
UK holds an ambiguous non-committal position of “wait-and-see” supported by USA.
Caveat emptor, if perfidy Albion supports but does not commit there is a high risk about…
I have noted in the past that no semi-permanent aggregation of nations hidden behind the suspicious banner of an acronym such as "USSR", "US", "UK" and others have been completed without blood..., and that includes USA (Secession war), the UK after the Dutch invasion of 1688, and France (which it is not an acronym but behaves like one, Paris and the rest, especially after Le Revolution) to prove the rule.
I do not believe that the situation in Europe has reach this point YET, but Draghi’s unilateral and AUTHORITARIAN decision (with implicit backing from the southerner states plus France et al) is a warning sign…
The REAL DECISION is between a coalition of sovereign nations LOOSELY coupled in which the two main principles yielding global peace are universally respected: 1- sovereignty; 2- jurisdiction; or a single global empire ruled through MONEY for which Europe is just the PROTOTYPE.
Let US say that Latin America, Japan, China, Russia, India and many more countries, in fact the vast majority, have chosen the path of sovereignty and preserving national jurisdictions.
All sovereign nations are eager to revamp the UN (probably basing it outside the US) as an able forum to peacefully resolve conflicts between equally entitled nations.
In Germany people does not seem to see the problem in its real dimension, EU membership collides with NATO, UN, IMF, UK and USA, it is difficult to understand how analysts can overlook this evident fact...
All these acronyms are self-contradictory, they cannot survive in the long-run without conflict.
Who is responsible for the financial rescue in Europe, the IMF, EU, UN, FED, USA, UK, even NATO ?
Ridiculous, this situation cannot not resist a rational analysis.
As a computer system, this melange of contradictory actions violate the basic priciples of systems in general: 1- separation of concerns; 2- loosely coupling between components (nations); 3- span of control; 4-clear assignment of responsibilities and so on.
This "system" is heading for a major crash...
Amazing, reality is far more fantastic than fiction.
Are we creating a race condition towards WAR as we did in WW I with "mobilization schedules" overriding common sense?
Nonsense, spurious financial interests cannot rule the world, SHOULD not rule the world.
Spurious financial interests are geared towards a worldwide empire ruled by usurers in the model of USA’s “sovereign” states, and the EU experiment…, global usury DEMANDS imperial power Draghi style; it is as simple as that; fees, interest, commission and capital MUST be collected one-way-or-the-other….
The vast majority of nations have already decided against the “Big Brother” solution; let US say that the odd-balls are USA, EU, IMF, International Court of La Hay, NATO, et al.
It is up to Germany to decide soon…