Posted on 02/18/2016 7:33:13 AM PST by Perseverando
If we learned anything last September it's that Janet Yellen's reaction function now includes domestic and global financial markets.
Well that, and we learned that Hungarian PM Viktor Orban isn't playing around when it comes to Europe's worsening refugee crisis. While everyone else in Europe was busy trying to figure out how to accommodate the millions of asylum seekers fleeing the war-torn Mid-East, Orban simply built a razor wire border fence.
And then he built another one.
And then, when migrants tried to breach his barriers, he met them with water cannons and tear gas. This was the scene:
"Problem" solved.
So clearly, Hungary isn't playing around when it comes to security, but as it turns out, migrant-be-gone fences and tear gas aren't sufficient in today's dangerous security environment and so, the Hungarian central bank is stockpiling guns and ammo.
No, really.
"Hungary's central bank, already facing criticism for a spending spree ranging from real estate to fine art, is now beefing up its security force, citing Europe's migrant crisis and potential bomb threats among the reasons," Bloomberg writes. "The National Bank of Hungary bought 200,000 rounds of live ammunition and 112 handguns for its security company, according to documents posted on a website for public procurements."
Why, you might fairly ask, does the central bank need 200,000 bullets and hundreds of guns? Because of "international security risks," central bank Governor Gyorgy Matolcsy says.
As Bloomberg goes on to note, "the security measures added to public scrutiny of the running of the bank, which under Matolcsy - an Orban ally - earmarked 200 billion forint ($718 million) to set up foundations to teach alternatives to what he called 'outdated neoliberal' economics."
Well, the central bank could be championing worse things. They could be teaching Keynes and stockpiling fiat money. Instead, they're doing away with neoliberalism and hoarding guns and ammo.
We close with a quote from PM Orban who met with Vladimir Putin on Thursday: "Europe's largest nations now believe that the flow of migrants is mostly positive. Our view is that it's bad."
And there's nothing like 200,000 bullets to combat "bad" things.
I’d like to make a withdrawl...
200K rounds and 112 unspecified guns seems small. Guess though it depends on the calculated risk exposure. Perhaps this is to tide them over until govt forces can arrive?
And likewise, so are all of us Americans!
[Iman Obama has 'merkeled' us!]
I bet they don’t have a single bullet.
That’s a nice start, but I would recommend some very good rifles with quality optics and some rifles for supressive fire.
Obama the US gun salesman is now working globally. He’s amazing.
“Obama the US gun salesman is now working globally. He’s amazing.”
It should not be too surprising. Look at the wonders he has done for arms sales in the Middle East.
He will go down in history as the best gun salesman, ever. He makes Hitler and Stalin look like pikers.
About 100 million additional guns in the United States alone!
I do not thing all the militaries of the world combined, produced 100 million guns in World War II!
Given demand for guns in a crisis, they could pay people with power with guns and ammo in place of cash during a collapse.
Or pay security companies with weapons.
This is a good investment.
Less heavily armed than the Police department of a small city in the US.
Equips a company sized unit for SHORT engagement.
At first I read “ballots” instead of “bullets.” Then I realized it was about Hungary, not our Democratic Party.
Yeah, they need 10x that number and they need them fast.
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