Welcome to European Tribune. It's gone a bit quiet around here these days, but it's still going.
Does it even matter that the ECB has good intentions when they keep pulling the same austerity and income inequality levers expecting different results?

Draghi's spreading enormous gobs of peanut butter fresh from the fiat grinder onto one tiny corner of the bread slice, and wow - amazing - the poor get poorer and the rich richer. Who'd a thunk it?

Of course he's just the kinder, gentler mouthpiece for the others he speaks for!

The only way out is citizen's income and they will conjure every trick in their voluminous book before they even do more than 'think' about it!

Every other option must be laboriously taken before finally yielding, so avoid admitting There Was An Alternative all along, the last 50 years have been a socioeconomic clusterfuck and they will all wail "If only we could have seen it sooner", like Greenspan's rueful nopology.

Their Ponzi scam is running on fumes, bad faith, and the flogging of a dead dinosaur trying to get it to 'grow' again like back in the day before Asia ate our industrial lunch, abetted by our own plutocrats.

Draghi dreams of renewed economic euro-vigor by trickle-down theory, when after killing economies there are no more competitive businesses for banks to loan to and realistically expect more than a few % return if lucky to get anything at all.

So it's impasse, stalemate, and oh yes, the right people are continuing to profit while we patiently explore any and all regressive, recessionary measures to continue to pretend that tinkle-down solutions will eventually work.

Sure, Marco... keep QE-ing. (GS trained you well.)

'The history of public debt is full of irony. It rarely follows our ideas of order and justice.' Thomas Piketty

by melo (melometa4(at)gmail.com) on Mon Mar 14th, 2016 at 11:30:56 PM EST
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