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The ECB’s balance sheet is expanding rapidly, as is the amount of bank notes in circulation
Be prepared for the next great transfer of wealth. Buy physical silver and storable food.
investmentwatchblog.com / Submitted by IWB, on February 20th, 2016
The European Central Bank has shed some more light on its operations in 2015, the year wherein it decided to forget about the free market economy as the bank has become one of the main market participants now.
The Central Bank’s net income from the asset purchase program increased from 2M EUR to 161M EUR, and the asset purchase program was responsible for the 9.4% increase in the net profit of the bank. Indeed, the ECB has made a very handsome profit of almost 1.1 billion Euro, which was distributed amongst the national central banks in the Eurosystem.
The post The ECB’s balance sheet is expanding rapidly, as is the amount of bank notes in circulation appeared first on Silver For The People.
Thanks to BrotherJohnF
Source: http://silveristhenew.com/2016/02/20/the-ecbs-balance-sheet-is-expanding-rapidly-as-is-the-amount-of-bank-notes-in-circulation/
