ECB Dictatorship More Apparent By The Day
More evidence: banksters completely control the flow of money thanks to the ECB dictatorship
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?
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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http://failedevolution.blogspot.gr/2016/09/more-evidence-banksters-completely.html