'..German Gold “Must Remain Off Limits”..' - Germany to Review Bundesbank Gold Reserves in Frankfurt, Paris, London and Federal Reserve Bank of New York, 2012*<blockquote>"The housing market is being swept clean. Germany is now in the same situation as Spain and Ireland at the beginning of the monetary union: Real interest rates are too low and the (ECB's) monetary policy is too lax for Germany. This could be the beginning of the next bubble."
- Andrew Bosomworth
..Draghi's money. It covers up problems -- camouflaging those faced not just by bankers, but also by politicians..
- Der Spiegel,
Rift Grows Between Germany's Bundesbank and ECB, March 6, 2012</blockquote>
'..the nature of inflationism: A slippery slope of intervention, obfuscation, rationalization and degradation..'<blockquote>'The history of inflationism is starkly clear: once inflationary dynamics attain a foothold, they secure powerful vested interests and become increasingly beyond control. Indeed, contemporary central banks are in the process of learning the same hard lessons learned by scores of governments and currency systems over generations: once the printing press gets cranked up, it becomes virtually impossible to turn down ... the nature of inflationism: A slippery slope of intervention, obfuscation, rationalization and degradation. And, in the end, there will be no way out for policymakers.'
- Doug Noland,
Now, Sterilized QE? March 09, 2012</blockquote>
Context<blockquote>
Banking Reform'..the theorem of the economic impossibility of socialism .. is fully applicable to central banks..'Mises - Money and Credit - '..the recession was a problem of under-saving, and over-consumption..'</blockquote>