Change at the ECB

Change at the ECB

The Final Wake Up Call By Peter B Meyer

€3 Trillion Of ECB Currency Printed

No Real Prosperity Is Created

2% Per Year Inflation Is The Norm

Propping Up An Insolvent Financial System

Globalist Lagarde Will Grab More Political EU-Power

Fiat Currencies Always Die

 The Ultimate Scam

Since 2012, ECB president Mario Draghi has famously dubbed the euro “irreversible”; he would do whatever was necessary to preserve it. But whatever Draghi sees as necessary will eventually be seen as intolerable in creditor countries like Germany, The Netherlands, and Finland, which view the euro’s costs as greater than its benefits.

In an era of one financial scam after another, central bank money printing to buy sovereign debt is perhaps the ultimate scam.

They’re printing money to support the value of government paper. In one word, it is criminal. 90 of the largest European banks must refinance €5.4 trillion of their own debt over the coming months, which equals 45% of GDP, while they have not even accounted for the €1,5 – €2 trillion in sovereign debt that must be simultaneously refinanced over the same period.

An ex central bankster Sir Josiah Stamp formulates the scam from his own experience:

Banking was conceived in iniquity and was born in sin. The bankers own the earth. Take it away from them, but leave them the power to create money, and with the flick of the pen they will create enough deposits to buy it back again.

However, take away from them the power to create money and all the great fortunes like mine will disappear and they ought to disappear, for this would be a happier and better world to live in. But, if you wish to remain the slaves of bankers and pay the cost of your own slavery, let them continue to create money.

The ECB is of the opinion that it can follow the easy way out of the crisis by printing money out of nothing, although the rules do prohibit this! Never mind the fact that emergencies allow for the breaking of rules. As a Reminder; the ECB has already bought hundreds of billions of Euros in sovereign debt from Italy, Spain, Portugal, Ireland and Greece for which the Federal Reserve opened the dollar swap lines with the ECB.

 The banking predicament in Europe is no different from the banks elsewhere in the world – EU banks are equally highly leveraged, but their situation is further complicated by the fact that what was once the most liquid and secure loan ever to have been on European bank balance sheets – sovereign debt – is no longer liquid and secure.

This makes EU banks extremely vulnerable to deposit withdrawals as it forces them to approach the ECB for help to maintain liquidity, as is the case in the USA.

There is only so much the ECB can do – if a true ‘liquidity event’ takes place, rest assured that there will be no buyers of distressed assets in the capacity that European banks hold today.

Regarding the changing of the guard, Christine Lagarde would be the perfect person to take over from Mario Draghi to run one of the most important Rothschild-owned banks in the world. She is fundamentally an insider, a crony, a political puppet with a criminal history who can be easily manipulated by the insider cabal, well-trained and well-suited to operate a criminal bank in a criminally run world.

  Even better, this position could be held by an anonymous technocrat whose job it would simply be, to make sure nothing funny happens on his watch. A central banker doesn’t have to be a hero, and shouldn’t even get his name in the paper.

 He should not concern himself with the level of stock prices, as it should be none of his business, nor with the economy, as there is nothing he could do about it, not even with consumer price changes unless he’s the cause of them, through the printing of money which is injected into the fiscal channel. He should be passive, invisible, and unobtrusive, like a rock and most of all loyal to his masters.

But, the ECB chief is a celebrity, a mover, a shaker and a grafter of global prominence. And, he is like Federal Reserve chief Jay Powell, who on the other side of the Atlantic is following the orders by cutting down interest rates too. The ECB is an active, aggressive central planner and manipulator, spreading the fame of Mario Draghi, far and wide, reaching even President Trump in the USA. Trump said last June in an interview:

What Draghi is doing by forcing money into the economy, we’re doing the opposite. We’re taking money out – of the economy – and we’re raising interest rates — it’s insane.

Since then, the Fed has made a U-turn, and is now “forcing money into the economy,” just like the ECB. At the present rate, it will add about €1 trillion over the next 12 months.

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