Hot Brendan Keenan's "Bleak Omens" for Europe!

Are you glad that this Economics Thread is the Biggest Thread of all on P.irish?


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Clarke-Connolly

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Is Christine Lagarde finished dealing with the law over her negligent behaviour
regarding the eye watering 400,000,000 euro payment to a businessman yet?


It's plainly ridiculous that she got such an important job in EU finance after that whole dodgy payment debacle
You can be a Crook in the Eu Empire so long as you are 100% Loyal to the Eu Empire.

Being a crook is Useful to the Eu Empire ! They will protect You if you are 100% Loyal !

This is why Crooks are 100% Loyal to the Eu Empire !
 

Polyco

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INTU, UK Property owner which has 17 shopping malls throughout the UK, has gone in to receivership today.

Apparently rent retail defaults during C19 shutdown throughout their shopping malls has forced INTU in to receivership.
Hey dude, cheer up and with the tik toks, that's what is really important, apparently.
 

Karloff

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Is Christine Lagarde finished dealing with the law over her negligent behaviour
regarding the eye watering 400,000,000 euro payment to a businessman yet?


It's plainly ridiculous that she got such an important job in EU finance after that whole dodgy payment debacle

Corruption is best done in plain sight!

I note that the payment was for a friend of Sarkozy - a complete Jewish Gangster.

But here is the beauty!

She will stay on in her job!

Her predecessor was forced to quit because of a sex thing.
 
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Dublin 4

Dublin 4

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GodsDog

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1.5 trillion of further debt.

EU is entombed by debt.
The real Question is where exactly does all this free printed money actually go?
Because all the money the plebs get is generally in the form of a loan which is paid back with interest.

So who actually gets that trillion and a half in aid money?

Banks keep a fractional reserve then they loan out a multiple of that to people at interest
and if the borrowers don't pay then they confiscate their hard assets in lieu of the debt.

To me it looks like they make monopoly money on a computer screen somewhere and loan it out
then they get real actual stuff in lieu of unpaid debt or else interest on the fake money they conjour up.

The only thing the ECB gives is the authorisation to loan even more and perhaps some more "fractional reserve" money
to allow for this within the banking rules.

The rest seems to go in buying up stocks in large zombie companies and corporations to the tune of billions to keep their stock prices artificially high and hence increase bonuses for the elites running them and stockholders.

There are grants too but it's often a bureaucratic maze to actually access those funds.

But as for giving money to help the plebs? I don't see too much of that.

The EU and federal reserve get a lit of mileage out of "pumping billions into the economy"
but it just looks mostly like another giant corrupt scam from where I'm standing with all the valuable hard assets in the hands of banksters
at the end of the game and everyone else destitute, in debt and out on their asses.

This "where does all this fiat money actually go" subject
is worth a thread of it's own
 
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Dublin 4

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