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end the central banks
It's happening under our all eyes
The ECB is now officially financing insolvent states. Despite the laws for the ECB. How is that done? Very easy the ECB does not buy bonds directly of states but in a perfidiously way. As you have read yesterday the ECB lends out money to banks with 1 % interest for 3 !!! years. Now this money is just...
Posted to
F Dominicus Blog
by
Friedrich Dominicus
on Thu, Dec 22 2011
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Filed under:
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end the central banks
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