High off of the “Debt” drug, the ECB moves towards buying it’s own crack(debt)

Greetings,

Do you know what this means? This means that the EU is desperate. They are looking squarely in the face of economic oppression and depression.

In the midst of the ongoing debt crisis Europe is implementing the same type of policy that America, the greatest debtor in the history of the world, is doing. It is tantamount to a drug dealer by it’s own dope and smoking it ,telling it’s supplier that everything is going well and money is being made.

We call it “Crackhead Politics.” This is to show you that the dope dealer in most cases start smoking it’s own dope becoming it’s own #1 client. So we see desperation.

Europe court backs ECB bond-buying program

The possibility of full-scale quantitative easing (QE) by the European Central Bank (ECB) received a boost on Wednesday, when the top European Court backed a similar program “in principle.”

The European Court of Justice (ECJ) on Wednesday said that the Outright Monetary Transactions (OMT) bond-buying program — commonly seen as a predecessor to QE — was compatible with treaty provisions and was in line with European Union law, as long as certain conditions are met.

The guidance came from Pedor Cruz Villalon, an advocate general at the court, who added that the ECB should not provide “direct” financial assistance to countries when making bond purchases, should not distort markets and would need to justify the use of such stimulus measures. It also stated that the ECB must have a “broad discretion when framing and implementing the EU’s monetary policy.”…More Here

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