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"Accidentally",
only a few days before the Greek elections, the ECB decided that it's
time to start a QE program similar to that of the US Federal Reserve, to
"stimulate" the economy. Already mentioned that “...
the ECB will blackmail the government by threatening that will not
purchase government bonds, therefore cut liquidity, in case that
Greece choose a different path towards the reconstruction of the
social state and labor rights, bringing minimum wage at pre-crisis
levels, etc.”
(http://failedevolution.blogspot.gr/2014/12/various-scenarios-for-national.html)
Indeed, from
RT:
“The
European Central Bank announced it will embark on a fully-fledged
quantitative easing program from March, which will break down to
€60 billion per month. The move is made to counter a
triple-dip recession in the eurozone.”
“Confidence
in the south of the EU was shattered, as bond yields in countries
like Italy and Spain fell to record lows. The president
said that the bank may purchase bonds in Greece after July.”
“QEs
have been largely criticized for not delivering real effect to
ordinary people, since the money flows into the bond market and
not into people’s direct spending power. Richard Wellings,
Deputy Director of the Institute of Economic Affairs in London
told RT that the ECB program is 'unlikely to help the general
economy, ordinary people on the street. It’s actually going to
bailout the basically bankrupt European banks.'”
“The
next obstacle for the eurozone is Greece which holds a general
election on January 25, where left-wing SYRIZA is poised to take
control of the fragile economy that hasn’t seem a significant
improvement under its EU bailout plan. In campaign speeches,
SYRIZA leaders have promised to re-negotiate the austerity terms
the country was forced into. Analysts worry about the political
and economic effect on the continent should there be a ‘Grexit’
from the euro.”
|
It seems
that all three steps of the transformation of ECB start to become a
reality, as predicted. The first step is the transformation of the
ECB to a corresponding Federal Reserve: “The ECB is converted
into an equivalent European Fed, which means, gaining complete
control of the money flow through the whole eurozone.”
(http://failedevolution.blogspot.gr/2012/09/lea-jacta-est-by-emperor-draghi.html)
The second
step is the complete control and direction of the money flow inside
the eurozone, which is directed not to the real economy, but to the
biggest financial institutions who represent one of the most powerful
lobbies in the EU: “The latest decision by the 'emperor', in
essence means one thing: Unlimited access and control of the money
flow inside eurozone by the biggest financial institutions. The
European neoliberal economic empire is established for good!”
(http://failedevolution.blogspot.gr/2014/09/the-emperor-spoken-again.html)
The third
step is the transformation of the ECB to a very effective trap which
will force eurozone countries to adopt cruel policies. In exchange,
ECB will provide liquidity to the national banking systems,
supposedly to protect depositors' money and stimulate investments:
“States that are excluded from markets, are now trapped within
the neoliberal economic empire of the eurozone and will be forced to
follow new austerity measures every time they need ECB to buy their
bonds.”
(http://failedevolution.blogspot.gr/2012/09/lea-jacta-est-by-emperor-draghi.html)
The European
people should know that none of these things happened in Greece,
despite that the banking system bailed-out with billions. The real
economy has nearly destroyed and deposits were never protected,
especially after the bail-in fiasco
(http://failedevolution.blogspot.gr/2013/07/why-banksters-laugh-with-recent-ecofins.html).
It is important for the new government in Greece together with the
Greek people to resist against Draghi's blackmail. If Greece falls,
then all the other eurozone countries will start to fall to the ECB
trap, one by one.
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