A misunderstanding: On 28.03.2015 23:22, Ron Andrico wrote:
Thanks, Rainer, for reminding us that not all governments behave like the US, and Europeans actually take the ECB seriously.
Nobody does. The German Bundesbank was independent and never cared what the German government said -never.
The infamous ECB is currently buying loans for more than 60 billion (American billions) Euros every month in order to rescue countries like Greece, Portugal, Italy and even France...
The Euro certainly was the most stupid invention of all times :( Rainer
Sure, the Federal Reserve is supposed to be an independent entity with government oversight, but it simply doesn't happen that way here where regular folks absorb those pesky negative externalities, and bankers set and change the rules at will. Sadly, the average lutenist is not too big to fail, else I'd be demanding my $800 billion. RA > Date: Sat, 28 Mar 2015 19:56:53 +0100 > To: [email protected]; [email protected] > From: [email protected] > Subject: [LUTE] Re: Saturday morning quotes - Fantasia > > Dear Andrico, > > you write "Or do people today realize that money is merely paper that > governments just print and allow to be distributed when and to whom they please?" > > You certainly know that this is nonsense. > > No government in Europe is allowed to print money. Unfortunately, the ECB is > (sort of) :( > > Rainer > > > On 28.03.2015 19:11, Ron Andrico wrote: > > We have posted our late Saturday quotes, this week on "Ile fantazies de > > Joskin." > > [1]http://wp.me/p15OyV-18G > > Ron & Donna > > > > -- > > > > References > > > > 1. http://wp.me/p15OyV-18G > > > > > > To get on or off this list see list information at > > http://www.cs.dartmouth.edu/~wbc/lute-admin/index.html > > > >
