Mario Draghi and his European Central Bank take a Wrong Turn in Europe

Draghi, the European Central Bank president, is trying to sell ‘quantitative easing’ as the cure for Europe’s structural illness. Not many know what the term actually means, because it was designed to be opaque and contrived to hide its meaning. The definition is simple enough; ‘buying up all the assets no sane man would take that remain on the books of EU banks, to polish up their fraud-based balance sheets and allow them to swan off to another round of speculative investment.’

In America and England, quantitative easing has already been tried and failed miserably. High-rolling fraud-infected banks and their co-conspirators (investment banks) had their bad debts substantially written off on the premise that they would then be solvent enough to begin lending. Yet they still do not lend, preferring to go back to their old ways of juicing the markets and profiting off the rise.

Meanwhile, in England and America the rich have become vastly richer as the middle class takes the strain agains…