ECB Brings European Banks to the Brink of Disaster

呢班有大學學位的政府人員唔係蠢, 而係有目的地想搞冧歐洲, 就如當年次債爆煲前, 銀行家博命買入次債, 本來就想搞冧銀行, 唔通佢地會見唔到風險 ?

www.armstrongeconomics.com

The European banking crisis is spreading rapidly. There are now concerns in Italy and in Portugal as well. The ECB cannot even understand why people would not want to keep their money in banks with negative rates. They are simply incapable of managing the economy. The ECB is bringing Europe to the brink of a widespread banking collapse. Once this crisis becomes a contagion, there will be no stopping it.

Low rates will NOT encourage borrowing when banks have too much bad debt to begin with. The negative rates are sending savers to hoard cash outside of banks. It is amazing, but the ECB is in complete denial and unable to see that it must reverse its policy to prevent disaster.