by
system failure
The
increasingly concentrated power of the European Central Bank is
proven one more time. Latest stress tests showed nine Italian banks
have failed to pass. From bloomberg:
“Italian
banks showed the largest combined capital shortfall in the European
Central Bank’s review of the region’s lenders as the country
struggles to emerge from its third recession in six years. [...] Of
the nine Italian banks that failed a stress test, four still showed
holes after measures they took this year, according to the ECB’s
report.”
The
ECB dominance started two years ago after Draghi's decision for
unlimited purchase of government bonds: "The European
Central Bank, ECB, becomes the absolute dominant, through the
unlimited purchase of government bonds in eurozone, and the Frankfurt
bankers are preparing for their biggest party so far. As expected,
the bank-occupied media rushed – once again – to crow."
(http://failedevolution.blogspot.gr/2012/09/lea-jacta-est-by-emperor-draghi.html)
Greece
was used as a "trojan horse" for this decision, as an
excuse for the supposed "protection" of the problematic
national economies that excluded from the markets, but is seems that
the European plutocracy has designed a perfect mechanism to expand
the Greek experiment throughout Europe.
As
the European mechanisms fully controlled by bankster lobbyists, and
ECB by the biggest super-banks, this mechanism can be used to
coordinate more efficiently the attacks of the "invisible"
markets, pointing the next targets. The European plutocracy already
"rang the bell" for the eurozone:
http://failedevolution.blogspot.gr/2014/10/plutocrats-tighten-siege-around-europe.html
It
seems, however, that the powerful banking cartels double-gaining by
ECB's "stress tests" as these can be used, under the threat
of a banking crisis, to eliminate competitors and secure permanently
their dominance through absolute control of the money flow inside
eurozone:
http://failedevolution.blogspot.gr/2014/10/a-test-for-next-banking-crisis-eurozone.html
Nevertheless,
this mechanism of vicious cycle seems to becoming so powerful that
even without markets' and rating agencies' attacks, helpless
politicians who totally rely on former banking executives, will rush
to take new cruel measures similar to the Greek experiment in favor
of plutocracy, every time that the ECB "sneezes" and the
markets will be ready to pull the trigger. The case of France is
characteristic:
http://failedevolution.blogspot.gr/2014/02/france-next-target.html
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