ECB Allows Irish Central Bank to Counterfeit 51 Billion Euros
Ireland central bank counterfeited 51 billion Euros out of thin air. The amount is not backed by government bonds. Nor was it a loan from the ECB or anyone else. The money is counterfeit in every sense of the word.
Please consider the facts as depicted in Central Bank steps up its cash support to Irish banks financed by institution printing own money.
The Irish Independent learnt last night that the Central Bank of Ireland is financing €51bn of an emergency loan programme by printing its own money.
The figures also provide the latest evidence that responsibility for funding Ireland's broken banks is being pushed increasingly back on to Irish taxpayers. The loans are recorded by the Irish Central Bank under the heading "other assets".
A spokesman for the ECB said the Irish Central Bank is itself creating the money it is lending to banks, not borrowing cash from the ECB to fund the payments. The ECB spokesman said the Irish Central Bank can create its own funds if it deems it appropriate, as long as the ECB is notified. Other Assets? What Other Assets?
It's OK to print money as long as the ECB is notified?! Excuse me, but this is in direct violation of every EU treaty. Besides, counterfeiting is a crime everywhere.
There are no "other assets" in play. The bookkeeping is fictitious. This printing is not backed by bonds. No one in their right mind would buy such bonds. The Irish Central Bank simply counterfeited 51 Billion Euros out of thin air and distributed the money to Irish banks. PAPER MONEY IS WORTHLESS!!!!!!!!!!!!!!!!!
stormy...after reading your last post! you sound like a nostraDUMAZZ...the real NOSTRADUMAS came from a long line of JEWISH DOCTORS behore he CONVERTED TO CHRISTIANITY! (ANOTHER CONVERT) have you checked out your family tree? chat may have to refer to you as "MR.NOSTRADUMAZZ! are you related to the ARIZONA SHOOTER?...rotflmao...