Toilet Paper Money: European Central Bank (ECB) must buy 'hundred billions' of bonds to tame Europe's Debt Crisis - Ambrose Evans Pritchard

Saturday, June 19, 2010

ECB must buy 'hundred of billions' of bonds to tame Europe's debt crisis

Fitch Ratings has warned that it may take massive asset purchases by the European Central Bank to prevent Europe's sovereign debt crisis escalating out of control.
By Ambrose Evans-Pritchard
Published: 8:19PM BST 17 Jun 2010

http://www.telegraph.co.uk/finance/comment/ambroseevans_pritchard/7836652/ECB-must-buy-hundred-of-billions-of-bonds-to-tame-Europes-debt-crisis.html

European Central Bank President, Jean-Claude Trichet, is looking for a way forward for the eurozone.

Charles A. Lindbergh - In 1913, he wrote Banking, Currency, and the Money Trust

"This Act establishes the most gigantic trust on earth. When the President signs this bill, the invisible government by the Monetary Power will be legalized. The people may not know it immediately, but the day of reckoning is only a few years removed. The trusts will soon realize that they have gone too far even for their own good. The people must make a declaration of independence to relieve themselves from the Monetary Power. This they will be able to do by taking control of Congress. Wall Streeters could not cheat us if you Senators and Representatives did not make a humbug of Congress... The greatest crime of Congress is its currency system. The worst legislative crime of the ages is perpetrated by this banking bill. The caucus and the party bosses have again operated and prevented the people from getting the benefit of their own government." - In Reference to the Federal Reserve Act 1913

Woodrow Wilson, after signing the Federal Reserve into existence

"A great industrial nation is controlled by its system of credit. Our system of credit is privately concentrated. The growth of the nation, therefore, and all our activities are in the hands of a few men ... [W]e have come to be one of the worst ruled, one of the most completely controlled and dominated, governments in the civilized world—no longer a government by free opinion, no longer a government by conviction and the vote of the majority, but a government by the opinion and the duress of small groups of dominant men." - Woodrow Wilson, after signing the Federal Reserve into existence

Sir Alan Greenspan quote from 1966 paper Gold & Economic Freedom

Rep. Louis T. McFadden