The Definitive ‘Game-Changer’ in The Euro Zone?

• The financial MSM would like you to believe that the Illuminist central banksters are the saviors. They are there to rescue us from a debt collapse. The ECB should QE to infinity and monetize all debts. This is propaganda BS. The ECB, FedRes, IMF, World Bank, BIS …. and practically all central banks are part of the privately owned Illuminist central banking cartel.
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• Eventually, the ECB will create gobs of money out of thin air, by simply entering the amount into their computer system and buy up the Eurozone sovereign debts. Then, all the sheeple will be made to pay for these debts plus interest to these Illuminist banksters. It is debt slavery. The Illuminist banksters will make the sheeple sell away their hard assets (beautiful Greek islands…) to repay these debts which are bought by Illuminist banksters with money created out of thin air! This is all a SCAM! The sheeple are too dumb to understand they are being financially rape!
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  The Definitive ‘Game-Changer’ in the Euro Zone? 
  by Catherine Boyle Staff Writer, CNBC.com
  Throughout the course of the euro zone crisis, a number of events have been hailed as the right key to unlock a solution to the single currency region’s woes.
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  Potentially unlimited intervention by the European Central Bank in the bond markets, which could be announced at the ECB’s September meeting, is the latest to catch the attention of the markets … If enacted — and don’t forget the ECB has denied reports that it may do this — this could be the “ultimate game-changer in the euro zone debt crisis,” according to Stephen Major, strategist at HSBC.
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  “Not only would it drive spreads down, it would keep them down,” he argued.
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  A report in respected German magazine Der Spiegel that the ECB is considering setting a target for bond yield spreads in southern Europe buoyed stock markets and sent Spanish and Italian bond yields down earlier this week. The gains were reversed after an ECB spokesman called the report “misleading.” (Read More: Germany Denies Knowledge of ECB Bond-Buying Plans.)
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  Of course, there have been plenty of possible “big bazookas” mentioned before — a euro zone banking union and the ECB’s injection of liquidity into the banking system via long-term refinancing operations. Major cautions that even if this latest potential intervention happens, political action is still needed. (Read More: What Is an LTRO Anyway?)
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  “Harnessing the ECB’s lender-of-last-resort firepower, more of which will be revealed by 6 September, to the significant muscle of the (European Stability Mechanism), expected to be operational after 12 September, provides a big incentive for governments to continue reforms. But governments still have to deliver,” he wrote. “While the ECB cannot on its own revive European economic growth, it can help troubled countries refinance themselves, which would solve one important element in this crisis.”
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  Soaring bond yields are one of the factors which have driven euro zone peripheral economies into the hands of the troika of the International Monetary Fund (explain this), ECB, and European Commission. Spain and Italy are the latest countries whose rising cost of borrowing indicates they may need a bailout.
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  read more!

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