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Smug Banker with Buttoned Up Voice, by Talented Artist & Homeopath Gina Tyler (http://ginatyler.com) – All rights held by Gina Tyler.

The people of Europe are being sold into poverty.  Italy and Greece have just been taken over in a coup d’état by the European Central Bank (ECB). The new unelected leaders of those countries are high level functionaries of the ECB. That’s just the beginning. Mario Draghi is president of the ECB, and he’s using that role to deliver the people of Europe into the hands of the elite who control the banks. Mike Whitney explains how in “Draghi’s Real Goal in the Eurozone“.  

Here’s the beginning of the article:

Imagine if your banker offered to lend you a $150,000 to make up for the money that you’d lost on your home since the housing bubble burst in 2006. And, let’s say, he agreed to lend you this money for 3 years at rock-bottom rates of 1 percent provided that you post the contents of your garage  (ie. rusty bikes, a bent basketball hoop, an old dollhouse, and rodent-infested luggage) as collateral on the loan. Would that seem like a good deal to you?

On Wednesday, the European Central Bank (ECB) made this very same offer to over a hundred underwater banks in Europe, awarding them $640 billion (489 euros) in dirt-cheap 3-year loans in exchange for all manner of dodgy collateral for which there is currently no market.

Now you, dear reader, know that when you try to sell something on Craig’s List and there’s very little interest; you have to drop the price in order to attract a buyer. That’s just how supply-demand dynamics work in a free market, right? Au contraire. In fact, this rule never applies to bankers. When the junk assets on a bank’s balance sheet begin to fall in value, the banks just ring-up their big brother at the ECB or the Fed and demand a bailout, er, I mean, “swap liquidity for collateral that is temporarily impaired.”

Read the rest … With thanks to Viviane Lerner for the heads-up on this article.