ECB verses Fed, Super Committee, inflation
"When referencing the automatic spending "cuts" scheduled to be enacted if the super committee fails to come up with an alternative, I inadvertently said 1.2 billion rather than 1.2 trillion. The numbers are just so large its hard to keep track. The amazing thing though is that 1.2 trillion over 10 years is so small that its like using a Dixie cup to bail water from a sinking ocean liner.". Schiff Report Video Blog Nov 18th 2011 LIsten to the Peter Schiff Show weekdays10am -12 noon EST on www.Schiffradio.com
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Germany will leave the euro unless the ECB is reformed
Watch the full 40-minute video at www.goldmoney.com Prof. Markus C. Kerber, Professor at TU Berlin, and James Turk, Director of the GoldMoney Foundation, talk about the lack of accountability of the ECB and how it compares to the Bundesbank. Prof. Kerber explains that the system of checks and balances is broken down when it comes to the ECB and tells of the public outcry in Germany when the Bundesbank tried to sell its gold. He explains that Germans are committed to sound money and stable monetary policy and are outraged by the lack of faith to the rules of the treaty, especially in May 2011 when the ECB started buying bonds on the secondary markets. The resignation of Stark is seen as a wake up call to the Germans, as he was one of the founding fathers of monetary union. The last straw was the buying of Italian and Spanish bonds. Everybody understood then that the ECB was not the Bundesbank. This interview was recorded on September 30th 2011 in Vienna.
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ECB's Draghi: ongoing financial tensions will harm growth
The new ECB president, Mario Draghi, on Thursday told journalists in a press conference in Frankfurt that growth is likely to remain weak due to the current financial tensions. He also announced a cut in the eurozone interest rates to 1.25%. Mr. Draghi took over as the new ECB chief on the 1st of November, replacing Jean-Claude Trichet, who held the post for eight years.
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Soros Says ECB Rate Hike "Inappropriate" in Debt Crisis
Billionaire investor George Soros talks about the ECB's decision to raise its benchmark lending rate on Bloomberg TV with Michael McKee and Sara Eisen.
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This Is Why Occupy Going Viral Globally! ECB elusive 2 Trillion Euro Bailout -Nigel Farage Rant
~new: occupyamsterdam.nl & http ~credits: youtube.com & ukipmeps.org • European Parliament, Brussels - 12 October 2011 • Speaker Nigel Farage MEP, UKIP, Co-President of the EFD Group in the European Parliament (Europe of Freedom and Democracy) • Debate: Preparation for the European...
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Debt crisis threatens European Central Bank
Crucial to how the current euro zone debt crisis plays out is the role of the European Central Bank. Under President Jean-Claude Trichet, the ECB has bought large amounts of debt - that is government bonds - from Greece and other countries with shaky economies - including Portugal, Ireland, Spain and Italy. Greek bonds alone account for 190 billion euros of what the ECB has lent according to calculations by the think thank Open Europe. That is twice the amount the Bank has in its reserves and even a partial default would leave it insolvent. ... www.euronews.net
ECB Limitations in Addressing Eurozone Crisis
CFR's Senior Fellow and Director of International Economics Benn Steil discusses the ECB's role and limitations in mitigating the eurozone debt crisis. Steil says European Central Bank President Mario Draghi's statement that the ECB will not act as a lender of last resort to governments may come back to haunt him. "If the markets are concerned that the ECB will not at least provide a political backstop for the eurozone leadership" he cautions, "that could lead to a total boycott of Spanish and Italian government debt, which could be a catastrophe." However, Steil emphasizes the ECB's limitations in solving the eurozone crisis. "Although the ECB does have a lot of ammunition in that it can print money, it doesn't have unlimited ammunition," he says. "The European Central Bank is not a power of its own that can manufacture a solution to this debt crisis. It will take leadership in Europe, it will take contributions, further contributions, from the German taxpayer." www.cfr.org
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Nigel Farage Greece under Commission ECB IMF Dictatorship
www.ukipmeps.org • European Parliament, Strasbourg - 14 September 2011 • Speaker Nigel Farage MEP, UKIP, Co-President of the EFD Group in the European Parliament (Europe of Freedom and Democracy) • Debate: European Council and Commission statements - Economic crisis and the euro (in the presence of President Barroso) - 'Blue Card' question by Phillippe Lamberts (Belgoium) - Greens • Speech Transcript: I noticed during your speech Mr Barroso there was an all pervading sense of gloom. I saw for the first time, even your supporters shaking their heads, they don't believe it what you are saying, the European people don't believe in what you are saying, and I don't really think even you now believe in what you are saying. We all know that Greece is going to default; the end game for Greece is near. And you can't say you were not warned. You were told that Treaties were fatally flawed, you were all told that Greece should never have joined the Euro and when I stood up here and talked about Greek bond spreads you treated me with such utter derision it was as if I had just been let out of the local lunatic asylum. No, you have been warned all the way through. So now what you have got is Economic Governance and everybody here on the front row supports more European Economic Governance. What is European Economic Governance? I'll tell you what it is. It is a plane landing at Athens airport out of which get an official from the Commission, an official from the ECB and an official <b>...</b>
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ECB's top economist warns on euro zone's future
www.euronews.net The European Central Bank's outgoing chief economist says another euro zone debt crisis can be averted, but only if states surrender some sovereignty over their budgets. Jürgen Stark told euronews: "We cannot go on running high budget deficits in several euro zone countries each year, the debt level is going to explode. This is a burden for further generations, it is a burden for the economy in the future. For all this reasons there is no alternative to reducing the debts."
3 November 2011 - ECB Press Conference
At its meeting held on 3 November 2011 the Governing Council of the ECB decided that: The interest rate on the main refinancing operations of the Eurosystem would be decreased by 25 basis points to 1.25%, starting from the operation to be settled on 9 November 2011. The interest rate on the marginal lending facility would be decreased by 25 basis points to 2.00%, with effect from 9 November 2011. The interest rate on the deposit facility would be decreased by 25 basis points to 0.50%, with effect from 9 November 2011.
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ECB- En dag med Rackartygarna
Facebook: www.facebook.com En liten film från Rackartygarnas träff på Gärdet idag! :D Det var sjukt kul där och att få träffa Rackartygarna såklart!! :D
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UK GDP downgrade Greece,Portugal ECB Etc ...
Moody's Cuts Portugal Debt Four Levels to Junk, Warns of Second Bailout LINK www.24hgold.com Indo Gold mine Link www.reuters.com BOYCOTT WORKFARE IN THE UK 7/6/2011 Link unemploymentmovement.com Fiscal stimulus doesn't work, Link www.telegraph.co.uk ECB rate rise LINK imarketnews.com 1400 jobs go in UK Link www.guide2derby.com UK GDP Cut again Link wenewsit.com UK needs £20bn more austerity and retirement at 70, says PwC LINK www.telegraph.co.uk European banks meeting on second Greek bailout LINK www.timesonline.com Public sector workers paid more, official figures show. LINK www.telegraph.co.uk Sorry can't link to PDF Doc try searching "COUNCIL RECOMMENDATION on the National Reform Programme 2011 of the United Kingdom and delivering a Council opinion on the updated Convergence Programme of the United Kingdom, 2011-2014"
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ECB raises euro interest rate for first time in two years
The European Central Bank on Thursday raised key eurozone interest rate for the first time in two years, to 1.25 percent. ECB chief Jean-Claude Trichet said that this particular hike 'is not the first in a series'
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Jim Grant Says ECB will Print Money
currency-crisis.blogspot.com Jim Grant Bloomberg Interview on the 10th of November 2011.
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Portugal debt, IMF, ECB real truth
The real truth about Portugal crisis, ECB, IMF, debt, how countries go bankrupt. Banksters, illuminatis, bilderbergs www.realidadeoculta.com
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