“””REUTERS:FRANKFURT (Reuters, 19.11.2020) – The European Central Bank could “neither go bankrupt nor run out of money” even if it were to suffer losses on the multi-trillion-euro pile of bonds
“As the sole issuer of euro-denominated central bank money, the Eurosystem will always be able to generate additional liquidity as needed,”
“So, by the definition, it will neither go bankrupt nor run out of money. In addition to that, any financial losses, should they occur, would not impair our ability to seek and maintain price stability.
Responding to a question, Lagarde added that there is no legal basis for the ECB to cancel the government debt it owns.””””
FOLKS, that are the FACTS. Christine Lagard,The Ashen Lady as Witchdoctor calls her, , told the Final Truth about the Money out of Nothing.
EVEN MORE. She said that she can not cancel the Debt only because there is no legal basis for that. She has, UNTIL NOW, No Mandate , no legal possibility, no political decision backing her for doing it.
She did not say that canceling the Debt was impossible.Certainly sterilizing aka canceling the debt is a political decision and a political economic one!
It is not Her job to take such a decision, that is the job of the Elected representatives and of the EU commission.
She has said that, too, if you know to read.
She has said that everything is possible, and that certainly there are constraints, but this is , indeed, the realm of political economy choices.
It is logic semantic.
FOLKS. Witchdoctor has to say it. Many women are better that many men. Men are genetically idiots who can not admit to themselves the facts as they are, because of their genetic macho monkey stupidity, or to change opinions because ,if doing so, they will loose their Rhesus Monkey, Primates power game and loose their meaning of life..
Women are much better at this stupid game. They just acknowledge and that is why they win. They know better the Raison D`Etre.
NOW, what will Witchdoctor do, since his blog was, 4 years ago, having as one of the Raison D` Etres, the Money Creation? Money out of Nothing? What about saying it in all possible ways and showing what, if, instead of practicing some demented cargo cult, what was possible to achieve by admitting THE FACTS?
But that is a lesser problem.
What, instead, are Going to do all this ARMIES of Cargo Cult followers,Demented Rulers, left political parties , right political parties, protestant caste lovers, austerity bollockers,household economists, echelons of fake economists, journalists, media idiots,WE the People sycophants, ignorant trolls,paid trolls, WHICH FOR DECADES were promoting LIES,ruining countries in the EU and the people lives, what they will say?
As for Today, They hid the news the Ashen Lady statement of the facts somewhere deep, where nobody could find it and ,
The have not even tried to understand the CONSEQUENCES.
They are in denial in the times of Covid19
Yes, Covid 19 has brought Christine Lagarde saying the facts..
Where has it brought you, on the couch ,thinking how to repeat the fake paradigm?
FOLKS. How is it possible that ECB, and for example George Soros, who proposed the perpetual Bonds, some of the TOP people of the World Oligarchy, state the FACTS, but the Local Rulers and their licking arse armies of fakers, plus the we the people in majority, are against the facts which are there to Help Them out of the crisis and which are there, if wisely used, to overturn the FAKE PARADIGM they sell?
What is the reason that all of them, look in Slovenia (the “ex” judge firing against Soros just a few days ago, out of the blue,, for , some some say but it is only a fantasy, Freudian reasons plus the Macaco monkey syndrome) hate this people just for hate sake ?
Because they finally told the facts, maybe, like Witchdoctor, who tried to do it for years?
What the f..ck is this, a Class War of slaves against their own benefit, their own freedom of choice? And after, idiots, they will wonder why somebody took away their freedom of choice, but it was the aliens which did it.
The King says, you are free, and they say, NO, we want to be slaves?
Definitely everybody is turning in their graves, Karl Marx included.
The local rulers, the we the people, and politicos are working against their masters, for reasons unknown, even when they want to set them free?
There is only one way out. Hire the Freudian and the Junghian Army of Therapists, and force them all to undergo a healing procedure .
Or drug them, all the local bosses of all kinds which lost their meaning of life, Austerity priests of the fake god,we the people, economists in search of identity, philosophers of the post mortem ( should be written postmodern),forcefully feed them with some psychomushrooms or psychocactus and let them roam free in the jungle. The Invisible Hand will fix them, soon.
Christine Lagarde said , without even saying it, many things. Like, the Green New Deal is , not only possible, it is Now.
There must not be homeless or deprived people.
Knowledge is for all.
But, the psychopaths are hiding the good news, even when it comes from their masters mouths.
Because this is good news.Late news, but still good. Maybe there is future.
Witchdoctor
Where is Jens? Under the couch? Counting peanuts? Peanut searching econometrics?