Trichet defends legacy at ECB, hits back at German criticism

[1969liberty]

View, Study and propagate this video

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you will understand all the truth.

God bless you all !

10 points to win against the fraud perpetuated to the humanity by the bankers.

1) chase back the monetary sovereignty from the bankers

2) support political parties or vote those who have the objectives described on commandment 1).

3) don't lent any money from the bank.

4) convert the money printed by the bankers to silver and gold and accept silver and gold as payment.

5) keep yo

[fotofisch]

Look for this on yt: ECB-Trichet admits: "Arithmetically, Mathematically it's not an easy Job" funny video

[betover68]

what a twat

[chillercm]

anyone interested in investing in gold should please not listen to these retards who say buy gold or silver. it doesn't have any yield and is extremely overpriced. think of the housing market when you think of the gold market!

[Nubx8]

@chillercm I made some good fiat with gold. Im still stacking physical and always will. Well until your central masters stop printing anyway.

[chillercm]

@Nubx8 keep on buying that overvalued gold, just remember to sell it at the right time. btw most analysts predict its price will drop to 1,200 in the 2-3 years, so make sure you sell at the right time. If your lucky it will top 2,000 in 2012! Btw I hope your not so naive to be one of those who thinks gold will actually be the future currency lol

[chillercm]

@zelinskyteki i feel sorry for fucked in the head retards like you....

[avrailas]

@almuslu123

I don't know if all the Greeks are bellydancing with real unemployment today at 20% and forecasted for 2012 close to 25%. I don't know if they are having fun by paying just for 2011 debt interest obligations 35% of their budgeted income. I don't know if an ecomony can provide a dance floor when it has contracted around 15% over 2009-2011. ECB is buying bonds in the context of a small scale QE that provides european banks with liquidity.

@meaninglessname

(1+0.0155)^13-1=22.135%

[meaninglesssname]

Price stability!! This man disgusts me when he dares claim such a thing. Quick calc: 1.55% / yr compounded over 13 years = 298% inflation (1.55 ^13). Have your wages gone up 300%?? Mine haven't. This man is a fraud. A pox upon humanity. He has impoverished millions of people. Buy gold and silver. It is a vote against these criminals.

[chillercm]

@meaninglesssname how stupid are you??? 1.55% over 13 years is not 298%!!!! The average wage has gone up to match 1.55% increase in salaries per anum!!!! Its because of bullshit conspiracy theorists like you that the people don't know the truth about this crisis. ITS CAUSED BY SHITTY GOVERNMENTS! Not by the ECB! This is so fucking obvious to every economist....its so annoying to read that bullshit that you just wrote....

[meaninglesssname]

@chillercm my bad, but gold has gone up by 400% so stfu. CPI is a bullshit metric anyway and includes supermarket loss leaders like bread, as well as deflating electronic goods, whilst conveniently ignoring house prices (which are up well over 100% in the past 13 years). The ECB is a criminal enterprise involved in price fixing (interest rates) and counterfeiting (printing money from thin air), whilst being an accessory to fraud (fractional reserve banking). End of.

[chillercm]

@meaninglesssname the fact that you think that gold has gone up by 400% just makes what you wrote after that even less worth replying to....how stupid are you?

[meaninglesssname]

@chillercm 10 yr gold price in USD (high $1889.70, low $271) up by 1582.90 over 10 years = 583.2%. Data from goldprice. org. You make a good slave to the banking establishment. No doubt your Stockholm Syndrome and cognitive dissonance is emotionally distressing, so continue burying your head in the sand if you wish.

[chillercm]

@meaninglesssname your math is still wrong and off, and thats in relation to the dollar not the euro. the dollar is declining in value, the euros price has remained consistent. what you and your conspiracy theory buddies fail to acknowledge is that most gold is owned by the banks not private investors, and anyone who buys gold now when its not likely to go up up significantly more in value is a sucker. in fact its likely to crash in the next 5 years. oh well you will see...

[meaninglesssname]

@chillercm In euros it's up still up by 400%. In July, 1999 gold was 252 euros, now it's 1333, that's near enough 400%. It's not like I check the price every day FFS. This is getting tiresome so I will reply in 10 years and we will see how gold performs. Will central banks suddenly stop printing money and sell gold. I don't think so.

[chillercm]

@meaninglesssname doesn't matter no one talks about gold prices in terms of 12 years and the euro didn't even exist back then so its inaccurate to make such a comparison. it doesn't even matter what paranoid people like you do...just don't advise others to do the same....BUY Treasuries and bonds in emerging markets if you want guarantees and yields!

[Mulligan71991]

@meaninglesssname are you up for a fight or sumthin`??? don't be slagging the ECB and the money system or ill rip ur legs off and shove them deep down ur throat!!!! u probably like deep throat u battyboy!!!! ill give u a golden shower if u don't watch out!

[chillercm]

@meaninglesssname guess I was right about gold beeing overvalued:P

[almuslu123]

Does ECB's severe independence include buying worthles greek italian spanish bonds with the money of all european citizens. As ECB purchase this papers the liabilities of ECB inflates every day and it means the debt of the greeks becomes of germans with the independence of ECB. Ha ha ha... All greeks Keep on bellydancing in the contex of the price satability (with FED wording)

[lardan79]

@almuslu123 have you got any idea on how the economy works? have you got any ideas on the impact on German GDP if Souther Europe collapse? Have you ever thought who at the end of the day is the consumer of German products? it seems no. so better think before offending other nations. and only picturing a German bellydancing makes me puke.

[MrAdhoul]

at least Trichet knows what he's talking about... while many Germans don't...

[theselfcentricelite]

@MrAdhoul: I dont remember germany doing bad before eu, he speak as if he would save them and others. If they are doing their job so hard as he speak they should have designed system better and some backdoor for worst case scenario in the first place. This is how it ends up when you put French on the throne.

[chillercm]

@MrAdhoul Most Germans understand the simple concept of inflation....