The man who trades freedom for security does not deserve nor will he ever receive either. – Benjamin Franklin
– ECB Says “Grexit Can No Longer Be Excluded”, Hints At More QE (ZeroHedge, June 29, 2015):
It seems Goldman Sachs’ conspiracy theory was right all along…
ECB’S COEURE SAYS ECB IS EVEN READY TO USE NEW INSTRUMENTS, WITHIN ITS MANDATE
GREECE COULD EXIT EURO, COEURE SAYS IN LES ECHOS INTERVIEWThis is exactly what The ECB wanted all along (and their leaders overlords) – all they needed was an ‘excuse’. Or, in the parlance of Rahm Emanuel’s times, “Let no Greek default crisis go to QE waste.”
– Little by little, we went insane (Sovereign Man, June 9, 2014):
“Are we finished ? The answer is no.”
– Mario Draghi, President of the European Central Bank, 5th June 2014, having just cut ECB deposit rates to minus 0.1 percent.
“The first panacea for a mismanaged nation is inflation of the currency; the second is war. Both bring a temporary prosperity; both bring a permanent ruin. But both are the refuge of political and economic opportunists.”
– Ernest Hemingway.
“The way to crush the bourgeoisie is to grind them between the millstones of taxation and inflation.”
– Vladimir Lenin.
If it looks like insanity, smells like insanity, tastes like insanity, feels like insanity and struts about barking, “This is insanity”, then perhaps it might just be insanity.
“We were in the jungle. We had too much money. We had too much equipment. And little by little, we went insane.”
Not the words of Mario Draghi – yet. They are the words of film director Francis Ford Coppola in relation to his magnum opus, ‘Apocalypse Now’, a film that so outrageously exploded beyond its budget and beyond any reasonable compass that during its making it started being referred to as ‘Apocalypse Later’.