Just imagine, esteemed reader, the situation we faced. Benjamin Ch. was right, when he said: “But they must come to an agreement and not keep quarrelling, mustn't they?” Then he talked about the central bankers in Frankfurt, about those sitting on currency reserves on Jekyll Island, as well as about State authorities. So what, quarrelling is indecent, isn’t it? But this is what happens when the left hand does not know what the right hand is doing. The situation was indefensible. If the system still held, it did not disintegrate just from inertia. At least according to old spy Benjamin Ch.! Central money deteriorators in Frankfurt, as Ben called them, forced the governments to issue State Bonds against euros from QE23 to ease the pain and build useless hunger walls24. Simply, the effort was to spend money senselessly and indebt the nations down to the last. So that, when it all collapsed, it would collapse on a big scale! Yes, that was the creed of the day, heard from the mouths of strategists sitting in the high-rise building of
23
Quantitative easing. A practice introduced in the Middle Ages, to give at least some work to the poor, for a miserly wage paid by the State. 24
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steel and glass in Frankfurt am Main. They liked to assert, “We will take all necessary measures!”. While they announced it through a loudspeaker, they took out the bazooka25 shooting euros, climbed on to the roof of their tall fortress made of glass and steel, and shot in all directions with the monetary bazooka, perhaps with closed eyes, hit or miss, at God’s windows. It was about gaining some time, nothing else. The main bank of Germany, as well as its chamber, secretly passed a seemingly trifle, just an inconspicuous measure that would let down the, let’s say, stupid governments. I do not mean that the Spanish, Italian or Portuguese governments are stupid. Simply speaking, the cards thus dealt remained in their hands! The thing is, the document stated that a government which requests assistance from the steel and glass building from the shared monetary mound, must automatically decrease the value of its own, previously issued bonds! The government voluntarily stamps its own bonds, this is what it actually meant, for 25
A metaphor for the printing of redundant money that central strategists subsequently force without interest on to commercial banks. The problem was that nobody wanted this quasimoney from commercial banks, still smelling of freshly printed ink.
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example with a 20 % price deduction! And their banks, those that had believed it up to that point? They would simply have a bad day, as someone had to pay for the mistakes. And do you know how other strategists wanted to keep stock exchanges, for a change, on the surface? This was not about dealing with money and government stamps, that is, assets from Germany. Others – this is not to be talked or written about – yes, those from Jekyll Island, most likely, they simply recommended – or ordered? – the State central bankers to invest in stock shares! And in this case, the word ‘risk’ is quite weak coffee. Only some concoction, reputedly from coffee. A second category. The stirred coffee grounds. Or a wormwood infusion? Reputedly, regardless of the cost! And do you know how much it eventually cost? However, it is the virtue of a good writer not to finish a sentence. Besides, everybody is a General after the war. The fact is that the euro kept appreciating while government bonds on the other hand decreased in value. Some quite considerably. Yes, esteemed reader, the euro
100 Ukázka elektronické knihy, UID: KOS231847