ANON :
Empire Banks Demand “The Biggest Flood of Liquidity the World Has Ever Seen” to Save Them
May 19 (LPAC)–With the specter of imminent meltdown of the eurozone hanging over their heads, the leaders of the G-8 (minus Vladimir Putin, of course) met in Camp David and managed to find enough common ground to be able to issue a Statement on the Global Economy, which pronounced that they were in favor of both growth and austerity, white and black, hot and cold, and reason and insanity.
More to the point, in the run-up to the meeting, a variety of British Empire spokesmen issued a repetitive stream of demands that hyperinflationary bailouts were required immediately, and that they would brook no opposition to this policy–not from nations, not from opposing political groups, and certainly not from reality.
“There is a growing sense of urgency that action needs to be taken,” British P.M. David Cameron told reporters at Camp David. “Contingency plans need to be put in place and the strengthening of banks, governments, firewalls and all of those things need to take place very fast.”
Similarly, the {Financial Times} editorially warned today that, should “the specter of a deposit run materialize” across Europe, the ECB and unnamed “eurozone funds” would have to step in to “recapitalize banks.” And on May 17, {Daily Telegraph} writer Ambrose Evans-Pritchard published a compendium of such demands from hysterical bankers:
{HSBC} currency chief David Bloom: “The central banks will have to step in massively and that will be a soothing balm for the markets. The Fed is already leaving the door open for more QE.”
{Bank of America}: “Assumes that the ECB steps in with massive support, backed by the U.S. Federal Reserve, the Bank of Japan, and key central banks along the lines of concerted action in 2008-2009, including a pan-European system of deposit guarantees.”
{Nomura}’s Bob Janjuah: “The Europeans will blink and renegotiate the bailout terms [with Greece]. Whatever happens, we think the Fed and the ECB will respond over the next week or two.”
{Gary Jenkins} of Swordfish Research of London, previously head of European credit research at Deutsche Bank and global head of credit research at Barclays, was the most blunt: “The global central banks are going to respond with the biggest flood of liquidity the world has ever seen. It will make the LTRO look like small change.”
These guys make Dr. Strangelove and Col. Bat Guano sound rational !
Economy Rigging 1 