[caww]

....”all this money that the EU Central Bank will spend...where does it come from? It’s basically invented, and you have to wonder if this brings up some massive bubble experience within five years”......

That’s been raised by more than a few. But they are certainly projecting much for what they anticipate down the road...

Passing Climate Warming measures is on the front burner now...and the UN and Europe are pvery much in the bag on that note....since it’s not going over here well..BO’s bypassing us and making changes necessary to get this done with the UN and others at the top of the Globalist heap.
This will take money out of every business and industry and then some.

There ae so many other places they’re funneling revenue ..insane really.

[nathanbedford]

You are right, the 1.2 trillion is essentially invented and it is done so quite undemocratically by elitist institution whose motivations do not coincide with the diverse interests of the various nationalities of the European Union. It is also worthwhile to note that the €1.2 trillion, while essentially "invented" are also essentially a surreptitious tax which means a tax imposed by a nondemocratic, elitist institution. It is a tax because eventually the rendering must be made.

The idea of imposing a 2% inflation rate is equally undemocratic. While I concede the idea that inflation is less pernicious than deflation, I maintain that inflation is itself pernicious, a tax, and an undemocratic means of transferring wealth from one sector to another. But, most of all, inflation is a device to permit politicians to buy votes with other people's money and to cover their tracks with currency devaluation which most of the electorate are not sophisticated enough to understand or agitated enough to resist.

So this qualitative easing, this bit of crony capitalism as it were, permits politicians to continue the game by extending the ultimate reckoning. It creates, as you point out, an umbrella under which they can pursue their favorite fantasies such as global warming measures. Ultimately, as you also point out, it must somehow create a bubble but I have been very wrong for a very long time about the timing of this bubble bursting. Nevertheless, I hold fast to the belief that a reckoning must come and, bad news to conservatives who wish for such a reckoning, the ensuing political upheaval will not favor the virtues of conservatism.

This qualitative easing will probably have the same effect in Europe that is has had in America, lifting the boats occupied by bankers and Wall Street investors but leaving main Street and wage earners treading water. When the reckoning comes, all boats will be swamped if the adjustment is deep and fast enough to sweep away the existing institutions.