John Key is happy that the IMF gives New Zealand Compliments. He should be because he is a banker and wants his ilk to thrive. But why should we be happy with the compliments of its CEO Christine Lagarde who in her homeland France recently had her apartment raided as part of an ongoing investigation […]
Tag Archives: ECB
When Draghi (Ex Goldman Sachs and CEO of the European Central Bank) and Bernanke decided that printing infinite billions of worthless digital numbers was the way to go they started the final countdown to the end of our current fiat financial system. Here is what their nightmare is. Mine is the billions of us who […]
This was an accident waiting to happen and trust me when I tell you that if being German could get you killed in Greece since WWII, now is definitely not the time to go to Greece for a holiday if you are German! Greece has threatened to hit Germany with a bill for tens of […]
Slovenia joined the Eurozone in 2007, went on a borrowing binge that blind bond buyers eagerly made possible, dousing some of its two million people with riches, creating a real estate bubble that has since burst, and driving up its external debt by 110%. And in October, it may go bankrupt, admitted Prime Minister Janez […]
By one of my heroes Ellen Brown, writer of Web of Debt. “To some people, the European Central Bank seems like a fire department that is letting the house burn down to teach the children not to play with matches.” So wrote Jack Ewing in the New York Times last week. He went on: “The E.C.B. […]
The economies of Germany, France and Italy all contracted in the first quarter and may now be in full recession, shattering assumptions that Europe would prove able to shrug off the effects of the credit crunch. Zapatero has called his cabinet back to Madrid The picture is darkening so fast in Spain that Prime Minister […]
