This entry was posted on Thursday, November 17th, 2011 at 11:26 am and is filed under ECB, Fed.
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12 Responses to “DJ Fed’s Bullard: Notion Of ECB Riding To European Rescue Unlikely -CNBC”
They West Germans were barely able to swallow the DDR (GDR). They can draw any plans they want but as the harsh Russian winter killed off Wehrmacht in 1942, the nuclear winter of austerity will move Europe back not to the 1950ies but to 1933.
Is this the German revenge? Are we watching the whole of Europe slip into some sort of modern day feudalism. Unelected leasers, suppression of dissent and a general subjugation of people they deem lazy and lesser. Most folks have no idea what is happening and they have no motivation to. Thoroughly depressing.
I think we need to start thinking of deficits as a number that increases forever, like GDP and population. People are stupid, evidenced by how 50% vote, so the way to do it is through brainwashing, like how Fox News calls rich people “job creators” and any non-defense spending “socialism.”
Just start saying “our deficit-to-population ratio is WAY TOO SMALL.” and start banging on a desk and blaming lazy occupy wall st protesters who don’t know what they want (jobs).
It is impossible to get blood from a stone. But that is what the Euromasters are going to try to do in Greece, Italy, Spain and other countries which “owe” money to the Eurozone. This is a recipe for a revolution, if ever there were one.
How did this happen? It seems to me, and I’ll be the first to admit that I wasn’t paying close enough attention, that this happened right after a high-level meeting in the spring of 2010. It seems to me that I remember that there was some sort of a meeting in Europe after which some members of the media, notably the Washington Post (which should be a clue) started reporting that the new word of the millineum was “austerity.”
What is actually happening here is the ritualized theft of several countries. How is the “civilized” world permitting this to happen? If they drove in with their Panzer divisions and actually took the property, would anyone object, at least in the measly western media? Judging from present experience, the answer is no.