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FSN: ECB Sterilization Details Sketchy
Be prepared for the next great transfer of wealth. Buy physical silver and storable food.
by Dan Norcini
Trader Dan Norcini
One of the big selling points by Draghi and those favoring the ECB bond buying program, to assuage investor fears of its inflationary impact, was that the purchases would be offset or sterilized so as to provide for “price stability”. I suspect that this was emphasized to deal with the strong German opposition to the plan as the German experience with hyperinflation during the Weimar republic has deep roots in the German national psyche.
The question that myself and others have, is exactly how this sterilization is supposed to proceed. What will the ECB buy in order to reduce the amount of money in circulation in those nations that ask for the “bailout mechanism”?
Continue Reading at TraderDanNorcini.Blogspot.ca…
2012-09-06 17:34:49
Source: http://silveristhenew.com/2012/09/06/ecb-sterilization-details-sketchy/
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