ECB's
quantitative easing vast amount of money that is supposed it would
create growth and stimulate the real economy, somehow is “vanishing”
somewhere.
As
gefira.org
reports:
After almost two years of the
quantitative easing program in the Euro Area, economic figures
have remained very weak. Inflation is still fluctuating near zero,
while GDP growth in the region has started to slow down instead
of accelerating. According to the European Central Bank data, to
generate 1.0 euro of GDP growth, 18.5 euros had to be printed in
the QE, which means that €80 billion have thus been wasted
almost every month!
This year, the ECB printed nearly
€600 billion within the frame of asset purchase programme (QE).
At the same time, GDP has increased by… €31 billion; even if
up to the end of 2015 the ECB issued €650 billion during its QE
program. Needless to say that the Greek debt is “only” €360
billion and there has been no chance of a relief, so far.
The question is where this money
from the QE goes and who benefits from it. Clearly it is not the
real sector, the so called Main Street of French, Italian or
Portuguese cities (Greece is not under the QE program).
European stocks are still weak, too, while stock exchanges in the
USA are hitting their records. So, is the ECB serving Europeans?
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Yet, it's
not some kind of mystery, because QE is directed straightly to the
European banking cartel of the biggest banks, the "Too Big To
Fail" ones that actually control ECB, political puppets and
therefore, the flow of new money.
Growth
stimulation through QE is, therefore, a joke and the numbers clearly
prove this fact: "According to the European Central Bank data,
to generate 1.0 euro of GDP growth, 18.5 euros had to be printed in
the QE". This outrageous small proportion can be explained only
by the fact that the banking mafia is circulating fresh (and actually
free) money for itself and then open the spout of liquidity
selectively and at will, thus completely controlling the direction of
new money.
Indeed,
Greece has been excluded from the QE program, but the systemic banks
receive liquidity through the so-called Emergency Liquidity
Assistance (ELA), the mechanism that has been used by Draghi to
blackmail the Greek government in summer 2015, when Tsipras decided
to hold a referendum for the cruel austerity policies. Finally, under
the threat of ELA termination that would have caused a sudden death
to the economy and without any alternative option, Tsipras was forced
to sign a catastrophic third memorandum.
Even under
such circumstances, inside an economic crisis that is still taking
place in Greece after six years, the systemic banks have actually
closed the spout of liquidity to most of the small-medium business
sector. According to the Greek experiment, a final target is to
strangle the small-medium businesses as a significant barrier to the
looting of the country from multinationals.
The "Greek
model" apparently is applied in a European level through the QE
joke. The small-medium sector must be eliminated. Meanwhile, dictator
Draghi confirmed that he wants to reinforce the European banking
cartel, as he
stated that the banking sector is getting too
crowded and this results in low profitability.
More
evidence that the imaginary dialogue
is quite accurate: “... if more money were going to the
market, then they would lose much of their value and we would lose
profits because we are the ones who print money! That's why we
invented inflation, to keep governments in fear and directing money
back to us through the so-called Quantitative Easing Policies.”
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