Draghi compares the recovery efforts from corona crisis similar to rebuilding after world war 2.
“Mr Draghi said European governments faced “a moral imperative” to invest in educating young people. “The debt created by the pandemic is unprecedented and will have to be repaid mainly by those who are young today,” he said.”
He is now appointed to the Vatican as a consultant.
thanks a lot all involved!
if all that billions and billions not actually flow into small and medium sized businesses – they will just evaporate without any real economic effects.
nice words never forced anyone to change, unless they become law like force every bank to give x billions every year in loans to small and medium sized businesses or face “a fine” and give that money in -3% loans to the state.
like “Hey Shell, don’t you want to invest 3% of income (before taxes) into renewables?” so that future generations actually can survive on this planet?
“Hey Apple, Amazon, Facebook, Google (and others) don’t you wanna pay at least 10% tax on income?”
(while in many EU countries the average Joe pays 50% in tax and more)
make a law! damn it!
to hell and back:
baby boomers should stop preparing hell for generation x rather help their children survive.
riots against the ECB
“Riots erupted outside the ECB’s new $1.3 billion headquarters in March after thousands of protesters gathered to rage against an institution they blame for ruining the lives of millions in the eurozone.
Draghi has been credited with taking bold steps to save Europe from financial disaster: First in 2012 with his famous promise to do “whatever it takes” to prevent the euro from falling apart, and again early this year by launching a $1.3 trillion stimulus program to get the economy moving.
But the ECB is also a high-profile symbol of the austerity that has caused hardship for millions across the region. Together with the International Monetary Fund and European Commission, it formed the so-called “troika” to police bailouts that kept countries such as Greece, Ireland and Portugal afloat.”
“On April 15, 2015, (Josephine) Witt disturbed a press conference of the European Central Bank, jumping onto the table in front of ECB president Mario Draghi yelling “end the ECB dick-tatorship” [sic] and tossing confetti over Draghi. After being dragged out and briefly detained, Witt wrote on Twitter that the protest was not associated with FEMEN, and that she was a “freelance activist.” Her protest was in opposition to the bank’s policies, which she describes as “European neo-liberalism” and economic inequality. Speaking after her release, Witt said “The gap between the rich and the poor is bigger here than it’s ever been before.””
after all this catastrophes… if you still have the guts… it might be worth – if you can – investing in this book to support it’s author or watch the documentary for free.
“trauma used to accelerate the advancement of that corporate wishlist” (have to find the source, it was one of the latest DemocracyNow interviews with Naomi)
about the book:
“Around the world in Britain, the United States, Asia and the Middle East, there are people with power who are cashing in on chaos;
exploiting bloodshed and catastrophe to brutally remake our world in their image.
They are the shock doctors.
Exposing these global profiteers, Naomi Klein discovered information and connections that shocked even her about how comprehensively the shock doctors’ beliefs now dominate our world – and how this domination has been achieved.
Raking in billions out of the tsunami
this is the chilling tale of how a few are making a killing while more are getting killed.
‘Packed with thinking dynamite … a book to be read everywhere’ John Berger
‘If you only read one non-fiction book this year, make it this one’ Metro Books of the Year
‘There are a few books that really help us understand the present. The Shock Doctrine is one of those books’ John Gray, Guardian
‘A brilliant book written with a perfectly distilled anger, channelled through hard fact. She has indeed surpassed No Logo ‘ Independent
above speaking is no less than the long standing ex-CEO of GOOGLE aka Alphabet
“Eric Schmidt, the former chief executive officer of Google, will head a new Pentagon advisory board aimed at bringing Silicon Valley innovation and best practices to the US military, Defense Secretary Ash Carter said on Wednesday.”
” it would give the Pentagon access to “the brightest technical minds focussed on innovation.””
McKinsey discovered DoD was spending $134 billion, 23% of its total budget, on back-office work, and that the back-office bureaucracy staff of over one million people was nearly as great as the number of active duty troops.
On January 22, 2015, the Board then voted to adopt a McKinsey plan to cut $125 billion in waste over five years.
After Secretary Chuck Hagel was replaced by Ash Carter the next month, however, Deputy Secretary Work expressed he was concerned that the gain from any savings achieved would then be removed from the defense budget by Congress.
Under Secretary Frank Kendall III argued that he could not achieve any efficiencies and, instead, that he needed to hire 1,000 more staff.
Secretary Carter then replaced the Board chairman, classified the McKinsey results as secret, and removed the report from public websites.
let me tell you what is wrong – with the interest on debt monetary system:
repaying debt is not so easy, not only because of the interest-on-interest effect but also – the money to pay the interest – IS NEVER CREATED in the first place – the game is rigged. (see another great book: Bernard Lietaer “rethinking money”)
Here comes the (simplified but still true) example:
imagine a world where there is only one bank and two shoe companies:
company A shoes
company B shoes
Bank X is given a loan from the central bank of $100.000 in cash (the central bank is the only bank allowed to issue cash).
The $100.000 Bank X keeps as reserves (10% in reality this would be only 1%).
This allows Bank X to lend out 100% of the $100.000 meaning $1.000.000 or one million in “book money” (money that only exists in the books or in computers).
So Bank X can gives company A and company B a loan of $450.000 to start their business and wants every year a modest rate of 3% interest.
The problem: the 3% interest ($13.500 in the first year) ARE NEVER GENERATED and thus one of the loans HAS to fail.
So after the first year – already $27.000 of interest would need to be paid to Bank X – but because this money was never created in the first place it can not be paid unless…
Company A needs to “extract” money/steal from company B in order to repay their debt or face bankruptcy.
Eventually one of the companies will have to close down – people lose their jobs – and the other company then has a monopoly on shoes – the prices for shoes skyrocket X-D
Because the interest-money is never created, it is not in the game, one of the competitors has to fail so the other competitor can repay the loan.
This is evil.
It is evil because sets people against each other in very very aggressive and evil way and calls it “normal”.
This will create a society of thieves and robbers and this is exactly what we have today.