The Phaserl


This Ends In A “Planned Economy” – Bundesbank President

by Wolf Richter, Testosterone

When Jens Weidmann, President of the emasculated Bundesbank and member of the ECB’s Governing Council, speaks, central bankers and money printers worldwide stuff wax into their ears.

“Caution – the euro crisis is far from over.”

That’s what he dared to tell the WirtschaftsWoche, though central bankers, politicians, and Eurocrats had declared the crisis over and done with a year ago. Wax being stuffed into ears could be heard around the world. He apparently hadn’t yet noticed that economic growth and prosperity for all had washed over the Eurozone, even if no one who had to survive in the real economy could actually see it. Nevertheless, financial markets have been soaring.

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