Drareg
Member
- Joined
- Feb 18, 2016
- Messages
- 4,772
I’m a bit tired but had to post this.
While the world is awash with woke politics toxic banks continue to receive bailout money from the ECB, as usual the central banking system changes language so the peasants are lost in translation. The woke circus is a perfect cover for the thievery ongoing.
A central banking dictionary to English translation would be real short, basically all words in the banking cult describe the process of creating money out of thin air to make bankers and friends rich, throw crumbs to the flock of peasants below to keep them occupied, when we loose take said crumbs back from the peasants and repeat the cycle.
The newest addition to the dictionary this year is "pandemic emergency purchase program" ,as seems to be the norm these days another acronym is needed to counter the increasing verbosity because of the general psychopathological growth within our heavily SSRI medicated contemporary society, the acronym is (PEPP).
www.ecb.europa.eu
But what exactly is this trillions being used to buy? Is it for Joe Normie at street level, can joe receive a loan to keep his business going or perhaps maintain a home, will they buy joe normies toxic debt when is kicked out of said home and business? Joe however will get a token pandemic unemployment payment and maybe a "free" vaccine even though his tax money is paying for it.
The reality is this is only for big business and banks, the "assets" they are buying in some cases are defined as assets but are actually contracts like credit default swaps still ongoing from the global casino that went bust in 2008.
Any bad business decisions that banks made are being cancelled, essentially gambling debt wiped clean, big corporate business was also using their own profits to buy back stocks driving up their stock prices for personal gain, they got caught out by the "pandemic" and now receive money from the ECB, the individual who sold their stocks after inflating the stock price with buy backs keep all that money, on top of that they are still in business on massive salaries because of the bailout.
Banks receiving money from the ECB also get it at below 2% interest rates, it’s probably even lower, joe normie pays up to 16% interest on his credit card, he also pays higher interest for small loans in general.
This situation is identical in America, the federal reserve have even decided that banks like Goldman Sachs and JP Morgan can decide where the money goes.
Wouldn‘t you think this behavior would be headline news? The most talked about topic of how fraudulent this system has become? Instead we are subjected to wokism and as mentioned this deranged circus is doing a great job along with the "pandemic" of covering the financial tyrants crimes.
Keep in mind that the central banking system has little to no empirical science behind it, the experience we have of it so far tells us it is failing regardless of the narrative that it brought innovation and prosperity unlike anything before, this is poor reasoning, it could be sending us toward something far worse that could wipe out the gains, unfortunately I don’t see this happening soon as most folks can only muster the "intelligence" required for woke politics, the differing factions and facets of woke politics all have on thing in common and that is their subservience to the financial system, said financial system or their corporate buddies can fund and amplify any of the differing facets of identity politics when a necessary distraction is needed. It’s the equivalent of feeding pigeons at this point.
www.bis.org
"First, the Governing Council decided to keep the key ECB interest rates unchanged. We expect them to remain at their present or lower levels until we have seen the inflation outlook robustly converge to a level sufficiently close to, but below, 2 per cent within our projection horizon, and such convergence has been consistently reflected in underlying inflation dynamics.
Second, we decided to increase the envelope of the pandemic emergency purchase programme (PEPP) by €500 billion to a total of €1,850 billion. We also extended the horizon for net purchases under the PEPP to at least the end of March 2022. In any case, we will conduct net purchases until the Governing Council judges that the coronavirus crisis phase is over".
While the world is awash with woke politics toxic banks continue to receive bailout money from the ECB, as usual the central banking system changes language so the peasants are lost in translation. The woke circus is a perfect cover for the thievery ongoing.
A central banking dictionary to English translation would be real short, basically all words in the banking cult describe the process of creating money out of thin air to make bankers and friends rich, throw crumbs to the flock of peasants below to keep them occupied, when we loose take said crumbs back from the peasants and repeat the cycle.
The newest addition to the dictionary this year is "pandemic emergency purchase program" ,as seems to be the norm these days another acronym is needed to counter the increasing verbosity because of the general psychopathological growth within our heavily SSRI medicated contemporary society, the acronym is (PEPP).
Pandemic Emergency Purchase Programme
Introduction to the temporary pandemic emergency purchase programme (PEPP) to counter the serious risks posed by the coronavirus.
But what exactly is this trillions being used to buy? Is it for Joe Normie at street level, can joe receive a loan to keep his business going or perhaps maintain a home, will they buy joe normies toxic debt when is kicked out of said home and business? Joe however will get a token pandemic unemployment payment and maybe a "free" vaccine even though his tax money is paying for it.
The reality is this is only for big business and banks, the "assets" they are buying in some cases are defined as assets but are actually contracts like credit default swaps still ongoing from the global casino that went bust in 2008.
Any bad business decisions that banks made are being cancelled, essentially gambling debt wiped clean, big corporate business was also using their own profits to buy back stocks driving up their stock prices for personal gain, they got caught out by the "pandemic" and now receive money from the ECB, the individual who sold their stocks after inflating the stock price with buy backs keep all that money, on top of that they are still in business on massive salaries because of the bailout.
Banks receiving money from the ECB also get it at below 2% interest rates, it’s probably even lower, joe normie pays up to 16% interest on his credit card, he also pays higher interest for small loans in general.
This situation is identical in America, the federal reserve have even decided that banks like Goldman Sachs and JP Morgan can decide where the money goes.
Wouldn‘t you think this behavior would be headline news? The most talked about topic of how fraudulent this system has become? Instead we are subjected to wokism and as mentioned this deranged circus is doing a great job along with the "pandemic" of covering the financial tyrants crimes.
Keep in mind that the central banking system has little to no empirical science behind it, the experience we have of it so far tells us it is failing regardless of the narrative that it brought innovation and prosperity unlike anything before, this is poor reasoning, it could be sending us toward something far worse that could wipe out the gains, unfortunately I don’t see this happening soon as most folks can only muster the "intelligence" required for woke politics, the differing factions and facets of woke politics all have on thing in common and that is their subservience to the financial system, said financial system or their corporate buddies can fund and amplify any of the differing facets of identity politics when a necessary distraction is needed. It’s the equivalent of feeding pigeons at this point.
Christine Lagarde: ECB press conference - introductory statement
Introductory statement by Ms Christine Lagarde, President of the European Central Bank, and Mr Luis de Guindos, Vice-President of the European Central Bank, Frankfurt am Main, 10 December 2020.
"First, the Governing Council decided to keep the key ECB interest rates unchanged. We expect them to remain at their present or lower levels until we have seen the inflation outlook robustly converge to a level sufficiently close to, but below, 2 per cent within our projection horizon, and such convergence has been consistently reflected in underlying inflation dynamics.
Second, we decided to increase the envelope of the pandemic emergency purchase programme (PEPP) by €500 billion to a total of €1,850 billion. We also extended the horizon for net purchases under the PEPP to at least the end of March 2022. In any case, we will conduct net purchases until the Governing Council judges that the coronavirus crisis phase is over".
