TYR 12 December 2012 reads

Inside the Risky Bets of Central Banks @ The Wall Street Journal In this article the unofficial spokesman of the Federal Reserve explains how unelected central bankers, in secret meetings at the offices of the Bank of International Settlements (BIS) in Basel, Switzerland, control and play with the world's economy, wield more power than any elected … Continue reading TYR 12 December 2012 reads

“How so? Breaking the law has now become a sort of routine”

In an interview with Die Presse, the former chief economist of the European Central Bank (ECB) discusses the latest decisions taken by this institution and asserts that from 2010 on, the ECB has given in to pressure from the outside ("Sie hat dem Druck von außen nachgegeben"). Asked about whether this pressure originated in the USA, … Continue reading “How so? Breaking the law has now become a sort of routine”

Did the GCC torpedo the ECB?

In The German Constitutional Court Torpedoes The ECB's OMT @ Fibs & Waves Blankfeind argues that the apparently bland resolution of the GCC yesterday does include some provisions that would torpedo the OMT's effectiveness, even its existence. Please see Die wirkliche Wirklichkeit (DwW) where such provisions are discussed, but reaching a different conclusion from the one elaborated by Blankfeind. Can … Continue reading Did the GCC torpedo the ECB?

“The tears I have cried over Germany have dried. I have washed my face.” – Marlene Dietrich

As 54% of Germans Want Constitutional Court to Kill the ESM doubts about next wednesday's resolution of the German Constitutional Court (GCC) increase in the financial community Germans could be consigned to serfdom to save the Euro @ The Guardian In this article Mr. Gunnar Beck argues that the ISM might ruin Germany and leave the country in a … Continue reading “The tears I have cried over Germany have dried. I have washed my face.” – Marlene Dietrich