Monetary Schizophrenia in Germany

A pact with the devil—that’s now the official metaphor for the European Central Bank’s “unlimited” bond purchases that are supposed to save the Eurozone. Bundesbank President Jens Weidmann himself referred to it when he discussed the “dangerous correlation of paper money creation, state financing, and inflation.” But it’s too late. Germany has cracked in two. And part of it has embraced that pact with the devil.

Read….. Monetary Schizophrenia in Germany

11 thoughts on “Monetary Schizophrenia in Germany”

  3. Aspadistra at Ashdown Forest

    This is sort of odds and sods, but :

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  7. Paolo

    Strange how Hans Werner Sinn speaks out so strongly against german banks paying for foreign bank bailouts when german banks where among the greatest beneficiaries of the US bank bailouts. Not that I’m for bailouts but this smacks of opportunism hidden behind the usual german smoke screen bluff of sobriety.
    What about german bank leverage?

  9. I_Cant_Believe_Its_Just_a_Dip

    ‘The leader of genius must have the ability to make different opponents appear as if they belonged to one category.’
    ‘The great masses of the people will more easily fall victims to a big lie than to a small one.’
    ‘If you tell a big enough lie and tell it frequently enough, it will be believed.’

    Adolf Hitler

  10. Stuka_007

    Weidmann speakes and speakes, but he does not take actions. Back to the Deutschmark by reintroducing a new currency by the Bundesbank. That’s the alternative to the growing EU monster. Let these EU bastards explode.

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