BREAKING - european central bank to buy state bond without any limit to help out EU debt nations........

monetizing the debt? bad, bad news

ECB to launch 'outright monetary transaction' plan

[link to www.marketwatch.com]

This wont end well ...

and germany will go along as well?

The aliens will buy the debt. They will need disclosure soon now, to open up a new tax base.

This will end well til it doesn't
Fix it for ya

EU/ECB------>

and the huge can just got kicked futher down tha road...


Peace

Creation of a EUSSR superstate is how it will end.

I´d like to have a banking-license.

Life would be soooooo much easier.

To spend money as much as I can and the stupid people will pay for me!

Woah.

Tell you this: in a not distand future here in europe the people will take their stand and then god help them.

And us.

Read yesterday in an article, that Germany failed to reach the 5BN target in an auction of 10y German bonds yesterday in the market, managing to sell 3,61 BN.
Investors have no reason to buy German bonds now after Draghi's statements that ECB will buy bonds of the indebted countries.
Die Welt has an article today calling ECB an outlaw bank.


Last Edited by insertfunnyusername on 09/06/2012 10:27 AM

And the markets go crazy!!!
Don't we love our monetary system!!!
Going out to buy stocks now!!
Buy

It is so sad, that half, no, the hole world suffers from the avidity of a few.

Hello greece! God bless you, and as it seems, we are on the same way. Just takes a little bit longer...

Doom off.

Hello my friend! So true, banking cabal has taken over!
All the best!

I thought the German Constitutional Court still had something to say about this...

Sept. 12???

Not Doom Off...just continuing Doom...

the bailout (ESM) isn't needed anymore if the central bank just buys bonds.

Geeze... shit never ends

Really hope they vote it down. Polls in Germany suggest that 40% is opposed to ESM for now. Better end this farce now than in 10 years, pretty tiring shit.

Remember guys, there will likely be a rally in the equity and commodity markets because of this announcement (without any backing from the money players in the Euro), but QE in a zero interest rate environment is a short lived thing at best, destructive at worst. QE has a continually deminishing rate of return in a chronically low interest rate environment...

In 1990 the U.S. generated $4.46 of GDP per every $1.00 of govt spending...

In 2011 the U.S. generated .06 of GDP per every $1.00 of govt spending...

This Chronic Low Interest rate environment is not something economists are used too, or prepared for. They have no idea of the implications of printing money, then giving depositors or bond holders 0% return or even negative return...

It's a system that eats itself quickly...

Really? Well it is unconstitutional for sure, but that means shit in our days it seems, Greek Justice found the bailouts unconstitutional too but we all saw what happened. Hope German Justice do more about it. So you think that it won't happen?

They won't do anything about it. Prepare for hyperinflation.

Startling.

All the bailout funds are broke anyway. Here is something else to consider, will bondholder's other than the ECB be forced to subordinate to the ECB, and what effect will that have on rates???

Because bondholders were forced into subordination when the Eurozone has purchased bonds in the past through the bailout funds, this has led to a sharp rise in rates, despite taxpayer funding of the markets...

They meet three goals: Bailing out the banks/rich investors and reducing state debts....all while ousting the working class.

Sure, what better way to solve a debt crisis, than more debt...

The logic of bankers everywhere...

This. I've been reading that the ratio is now negative per $1.00 govt. spending.

QE is just default and currency debasement dressed in a pretty language.

This ends in hyperinflation and destruction of the currency. It most likely ends in the balkinization of America as the federal government fails.

Don't expect any better anywhere else.

// Obama's support of the MB and screwing over of Israel all but guarantees a nuclear exchange in the region. He's an idiot of god-like proportions.