Remember when the infamous Goldman Sachs delivered a thinly-veiled threat to the Greek Parliament in December, warning them to elect a pro-austerity prime minister or risk having central bank liquidity cut off to their banks? (See January 6th post here.) It seems the European Central Bank (headed by Mario Draghi, former managing director of Goldman Sachs International) has now made good on the threat...The vampire squid strikes again.
Web of Debt
The ECB’s Noose Around Greece: How Central Banks Harness Governments
Ellen Brown
5 comments:
And Greeks will continue to think they must obey the Bankstas because they believe money is created in a closed not open system!
http://economicsrantsnmusings.blogspot.com/search?updated-min=2012-01-01T00:00:00-05:00&updated-max=2013-01-01T00:00:00-05:00&max-results=1
Scho, YV has no idea what you are talking about. ....
Give us a clue Einstein!
Scho, imo he needs to go back to school and get into a systems based curriculum it can't be achieved in blog comments.... rsp
As far as I'm concerned both Paul Meli in his article I referenced and the comment I made is straight down the line orthodox MMT and it was the architect of the Euro Otmar Issing who in following the Hayekian dream that the "free energy" charge coming from a sovereign government creation of money and flowing to the non-government sector could be "de-nationalized" and all money creation reside in this latter section that has created the Eurozone problems.
http://www.ecb.europa.eu/press/key/date/1999/html/sp990527.en.html
I would suggest you "swallow your false pride" and re-read Paul Meli's article because I don't think you understood it. In other words I'm suggesting as you so rudely put it that you "go back to school."
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