Skip to comments.German top court to rule on whether ECB (European Central Bank) can buy bonds
Posted on 01/30/2014 9:34:56 AM PST by Olog-hai
Germanys constitutional court is expected to rule this spring on the legality of the European Central Banks bond purchases, a scheme that has eased the eurozone crisis by calming markets.
Udo Di Fabio, who served as constitutional judge between 1999-2011, told an audience at the Berlin-based Stiftung fur Familienunterhmen on Wednesday (29 January) that the court is deliberating at the moment if the ECB can buy bonds at all.
According to EU laws, the ECB is prohibited from direct government funding, meaning direct bond purchases when a national government tries to sell debt on the markets.
But in the past years, the eurozone bank has engaged in secondary bond purchases, which are bought from investors and considered an investment by the ECB.
(Excerpt) Read more at euobserver.com ...
Whoever arranges the financing controls the enterprise.
Cuz the enterprise will occasionally need more financing and will come crawling back.
Only citizens of a nation should lend to its government, and directly. Otherwise, foreign influence of powerful financial interests is inevitable. This is not done, though, because if domestic public opinion goes against the government - the government sees a drop off in bond purchases by the disenchanted citizenry.
So government officials sell their nation’s soul and borrow from the international banking syndicate.
Those foreign interests view the nation’s population only as suckers paying them interest. Debt slaves. Keep working, they say.
The key to financial elites maintaining their debt-hold on governments is to keep them from creating their own money.
The _beast_ that is the world system, will stop at nothing to stay alive. It is assuredly every bit as dangerour as swimming close to someone who is drowning.