British Empire Demands Action from "Cowardly Policymakers" Who Have Flinched on Implementing Bail-in Genocide
July 2, 2014 • 5:03PM
Jeremy Warner, the Assistant Editor of the Daily Telegraph
of London, was tasked by British Empire hard-liners to write a call to
arms on June 30, for the immediate implementation of their "bail-in"
reorganization of the trans-Atlantic financial system, by slamming on
the brakes for monetary emissions; forced reorganization of the banking
sector under conditions of massive contraction; and drastic looting of
the population's assets and living standards, with intended major
depopulation of the planet.
Warner did this by taking up the cudgels on behalf of the most recent annual report issued by the "venerable Basel-based Bank for International Settlements," which "thunders" that the short-term expedient of quantitative easing and government bail-outs must end. In an article headlined "We must end this addiction to debt as the engine of growth," Warner sounds the alarm that "exceptional monetary stimulus" (i.e. quantitative easing) won't work, and that the BIS's "warning lights are flashing red once again—about the disconnect between buoyant financial markets and underlying economic realities, about a recovery which is too dependent on debt and unconventional monetary stimulus... about developing asset bubbles and the risk they pose to financial stability, and about the cowardly propensity of policymakers to take the easy option, rather than the tough decision necessary to create a durable recovery."
One is reminded of a car careening totally out of control in the direction of a precipice, while one group of hysterical passengers demands that the brakes be applied, and another equally hysterical group demands flooring the accelerator—and neither admits that the situation is totally out of control.
For example, advocates of the "accelerator" faction argued hopefully in a July 2 Bloomberg story headlined "World's ATM moves to Frankfurt as Yellen's Fed slows cash," that imminent quantitative easing by the Frankfurt-based European Central Bank would make up for the fact that the Federal Reserve was slowly "tapering" its purchases of worthless bond. The reduction of dollar emissions "could be compensated for by the cheap euros from the ECB," a memo from Standard Chartered bank reports, says Bloomberg.
Warner did this by taking up the cudgels on behalf of the most recent annual report issued by the "venerable Basel-based Bank for International Settlements," which "thunders" that the short-term expedient of quantitative easing and government bail-outs must end. In an article headlined "We must end this addiction to debt as the engine of growth," Warner sounds the alarm that "exceptional monetary stimulus" (i.e. quantitative easing) won't work, and that the BIS's "warning lights are flashing red once again—about the disconnect between buoyant financial markets and underlying economic realities, about a recovery which is too dependent on debt and unconventional monetary stimulus... about developing asset bubbles and the risk they pose to financial stability, and about the cowardly propensity of policymakers to take the easy option, rather than the tough decision necessary to create a durable recovery."
One is reminded of a car careening totally out of control in the direction of a precipice, while one group of hysterical passengers demands that the brakes be applied, and another equally hysterical group demands flooring the accelerator—and neither admits that the situation is totally out of control.
For example, advocates of the "accelerator" faction argued hopefully in a July 2 Bloomberg story headlined "World's ATM moves to Frankfurt as Yellen's Fed slows cash," that imminent quantitative easing by the Frankfurt-based European Central Bank would make up for the fact that the Federal Reserve was slowly "tapering" its purchases of worthless bond. The reduction of dollar emissions "could be compensated for by the cheap euros from the ECB," a memo from Standard Chartered bank reports, says Bloomberg.
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