<blockquote>'The balance sheet of the ECB is "burdened with significant risks" because it has purchased sovereign bonds, he said, adding that he would advocate against any expansion of this policy "under any circumstances." '
-
"..with or without others fighting by my side, this stance will remain." - Jens Weidmann (Bundesbank president)</blockquote>
<blockquote>'By contrast, the US and UK governments, to name two pertinent examples, are in the process of defaulting on their debts via the indirect route of inflation. The markets are therefore giving them more rope to hang themselves – not least because there is an erroneous assumption that the inflationary policy will one day be stopped or reversed. This is however nigh 'impossible', as it would immediately lead to economic crisis as well. As a result, it is to be expected that the crisis will arrive in these countries with a considerable lag, but will be all the more forceful. If the ECB relents and adopts quantitative easing as well it will likely avert the imminent default of a number of euro area governments, but the euro area will then be in a very similar situation – the crisis will have been postponed, at the price of a bigger crisis that will erupt at a later stage.'
- Acting Man,
ECB Under Pressure.., November 18th, 2011
'..simply shrink their balance sheets; cutting unprofitable lending or exiting some businesses altogether.'
- Tracy Alloway,
European bank[ing], November 17, 2011</blockquote>
Context<blockquote>
(Gold) The new Northern Euro currency - 'Historical Violations of the Legal Principles..''..Northern Euro..' - '..to break away from the Eurozone..''The future of the euro..''Keeping the Politicians Away from the Money Presses' - 'Addiction to Free Money''..the German court has had enough..'</blockquote>
*** China<blockquote>'And so for instance in 2009, the first full year of their stimulus plan, they dumped something like $1.1 trillion into a then $4.3 trillion economy. And so did they create growth? Yes, they did, but they also
created a stock market bubble, a property market bubble, and inflation. And they have yet to deal with the property market and the inflation problems. Those are dislocations that
they do not have the answers to. I would rather have our economic problems than theirs any day of the week.'
- Gordon Chang,
The Reasons For China's Imminent Bust, November 18, 2011</blockquote>