People do not learn. Currently they are partying over Portugal being able to emit new state bonds, which previously they could not get sold. The ECB has bought them. And now it is party time!
What does not get said in the mainstream media is that the ECB previously bowed to Greek and Portuguese demands of lowering its already hilarious criterions on what to accept as securities for lending them money. Draghi got a document written that rules that from now on even more toxic assets and thus: Portuguese bonds, could be accepted by the ECB as securities.
There are European elections in a couple of weeks, you see. Polish the shine, hide the rotten, lets all SMILE!
There is no consolidation, not in Greece and not in Portugual. It is a lie, a show, a stage act. German heroic worldsavers want to stick to the Euro, and if all the continent sinks in the waves, the Euro will be upheld until it is the last thing sticking out of the troubled ocean.
And that means this for Greece and others: the net receivers have the net payers of the EU by their balls, with net payers voluntarily having dropped their pants, without any need, and without any reason.
Matching that is new son alleged consolidation of budgets in various states, as well as consolidation of economic and labour markets. There have been several such news reports over the past 1-2 weeks. What usually does not get mentioned it hat in these countries, including Germany, the statistical calculation models and variables have been manipulated, to get data out worstening the impression, and to get data in that may not be relevant, but helps to boost the general impression. Data manipulation, in other words, or in plain English: lying. Especially creative in this have been the US recently, in order to boost their GDP now various entertainment and recreation activities like watching an old movie (!!!), are calculated as increasing the value of the total GDP.WTH?I read it a couple of days ago. I couldn't believe it at first.Shows how desperate they try to hide the real numbers from people, and how mercilessly they will distort and abuse all and everything to hide the desperate state of things.
He who stops partying, stops drinking, and stops dancing, drops dead.
__________________
If you feel nuts, consult an expert.
Last edited by Skybird; 04-23-14 at 11:30 AM.
|