Do central banks do something similar?
Economics professor Richard Werner – who created the concept of quantitative easing – has documented that central banks intentionally impoverish their host countries to justify economic and legal changes which allow looting by foreign interests.
He focuses mainly on the Bank of Japan, which induced a huge bubble and then deflated it – crushing Japan’s economy in the process – as a way to promote and justify structural “reforms”.
The Bank of Japan has used a heavy hand on Japanese economy for many decades, but Japan is stuck in a horrible slump.
ECB head Mario Draghi said in 2012:
The EU should have the power to police and interfere in member states’ national budgets.
“I am certain, if we want to restore confidence in the eurozone, countries will have to transfer part of their sovereignty to the European level.”
“Several governments have not yet understood that they lost their national sovereignty long ago. Because they ran up huge debts in the past, they are now dependent on the goodwill of the financial markets.”
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