Tag Archives: Eurozone Crisis : Thinkthank Urges ECB To Resume Bond Rescue

The Guardian – Josephine Moulds – Eurozone Crisis : Thinkthank Urges ECB To Resume Bond Rescue – 3 September 2012

(Lucas : quit contraire of others reporting on debt-forgiveness this bond buying issue is not. It is just a buying of debt that is financed with debt money from a broke ECB that still is printing the money presses without having any value backing it. Merkel has begged China to buy bonds and therefore a bit of the debt will be  disappearing from the eye. Even so, it  is just not enough  and debt will still grow and the countries keep pumping around debt and adding debt and inflation to it.  Fantasy and fiction are often mistaken for reality. Reality is : the system is broke and  it has to be shut down and demolished. Continue reading