{"id":48587,"date":"2019-09-21T16:39:31","date_gmt":"2019-09-21T21:39:31","guid":{"rendered":"https:\/\/olduvai.ca\/?p=48587"},"modified":"2019-09-21T16:39:34","modified_gmt":"2019-09-21T21:39:34","slug":"the-weird-obsessions-of-central-bankers-part-1","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=48587","title":{"rendered":"The Weird Obsessions of Central Bankers, Part 1"},"content":{"rendered":"\n<h3 class=\"wp-block-heading\"><a href=\"https:\/\/acting-man.com\/?p=54775\">The Weird Obsessions of Central Bankers, Part 1<\/a><a href=\"https:\/\/acting-man.com\/?p=54775\"><\/a><\/h3>\n\n\n\n<p><strong>How to Hang on to Greenland<\/strong><\/p>\n\n\n\n<p>Jim Bianco, head of the eponymous research firm, handily won the internet last Thursday with the following tweet:<\/p>\n\n\n\n<div class=\"wp-block-image\"><figure class=\"aligncenter\"><img decoding=\"async\" src=\"https:\/\/acting-man.com\/blog\/media\/2019\/09\/Bianco-Tweet.png\" alt=\"\" class=\"wp-image-54777\"\/><\/figure><\/div>\n\n\n\n<p>Jim Bianco has an excellent idea as to how Denmark might after all be able to hang on to Greenland, a territory coveted by His Eminence, POTUS GEESG Donald Trump (GEESG= God Emperor &amp; Exceedingly Stable Genius).<\/p>\n\n\n\n<p>Evidently the mad Danes running the central bank of this Northern European socialist paradise were reacting to the ECB Council\u2019s decision earlier that day to carpet-bomb the euro zone economy with another dose of monetary napalm.<\/p>\n\n\n\n<p>The sad spectacle was the outcome of the penultimate ECB meeting chaired by Mario Draghi, who will undoubtedly enter the history books in the \u201cwhat not to do\u201d section,&nbsp;<em>inter alia<\/em>&nbsp;as the only central bank chieftain who didn\u2019t raise interest rates even once during his entire term.<\/p>\n\n\n\n<div class=\"wp-block-image\"><figure class=\"aligncenter\"><img decoding=\"async\" src=\"https:\/\/acting-man.com\/blog\/media\/2019\/09\/Disco-Inferno-1024x692.jpg\" alt=\"\" class=\"wp-image-54778\"\/><\/figure><\/div>\n\n\n\n<p>Mario Draghi, the scourge of Old World savers<\/p>\n\n\n\n<p><strong>The Beatings Will Continue Until Morale Improves\u2026 or Something<\/strong><\/p>\n\n\n\n<p>The following tablet engraved with decisions was handed down from the Europe\u2019s Central Planning Olympus:<\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p>(1)\u00a0<strong><em>The interest rate on the deposit facility will be decreased by 10 basis points to -0.50%.<\/em><\/strong>\u00a0The interest rate on the main refinancing operations and the rate on the marginal lending facility will remain unchanged at their current levels of 0.00% and 0.25% respectively.\u00a0<strong><em>The Governing Council now expects the key ECB interest rates to remain at their present or lower levels until it has seen the inflation outlook robustly converge to a level sufficiently close to, but below, 2% within its projection horizon<\/em><\/strong>, and such convergence has been consistently reflected in underlying inflation dynamics.<\/p><\/blockquote>\n\n\n\n<p>&nbsp;\u2026click on the above link to read the rest of the article\u2026<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Weird Obsessions of Central Bankers, Part 1 How to Hang on to Greenland Jim Bianco, head of the eponymous research firm, handily won the internet last Thursday with the following tweet: Jim Bianco has an excellent idea as to how Denmark might after all be able to hang on to Greenland, a territory coveted [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[2],"tags":[5728,124,18451,6170],"class_list":["post-48587","post","type-post","status-publish","format-standard","hentry","category-economics","tag-acting-man","tag-central-banks","tag-jim-bianco","tag-pater-tenebrarum"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/48587","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=48587"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/48587\/revisions"}],"predecessor-version":[{"id":48588,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/48587\/revisions\/48588"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=48587"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=48587"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=48587"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}