Monday March 30, 2020

Elite have us living in a fool's paradise

The fall in Irish bond yields is because of Mario Draghi's promise to ultimately buy peripheral bonds if he has to in order to prevent another euro debt crisis , writes David McWilliams.

16th March, 2014
The game that Draghi is playing is nothing more than lending money to bust banks that lend this money to bust governments.

In the summer of 1787, determined to show foreign ambassadors the might of Russian power in the newly subjugated Ukraine and Crimea, Catherine the Great organised a boat trip down the Dnieper past modern-day Kiev.

Her trusted field marshal, and her lover at the time, Prince Gregory Potemkin, organised a series of mobile villages to appear as soon as the imperial barge, stuffed with innocent and gullible foreign dignitaries, came into view.

When the riverbank came...

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