tag:blogger.com,1999:blog-4900303239154048192.post6918216390173124750..comments2024-03-06T06:34:42.881-05:00Comments on EconoSpeak: Jens Weidmann on Central Banks as Lenders of Last Resort (Not)Unknownnoreply@blogger.comBlogger3125tag:blogger.com,1999:blog-4900303239154048192.post-72298545318877187012015-07-09T19:22:38.571-04:002015-07-09T19:22:38.571-04:00I would be sure Weidemann said something of this n...I would be sure Weidemann said something of this nature.<br /><br />ECB as LOLR is where the entire question of legality hinges.<br /><br />Forcing the freezing out of the cross border payments system (which is what LOLR removal means in Euro land) is 'constructive' expulsion imo. ECB has no legal basis, and no right whatever to precipitate deliberations of the EU political decision processes in this way.<br /><br />Weidmann knows this, and is already flagging the propaganda he wants spread to counter the legal vacuum they and EU officials are operating under.<br /><br />The ECB's working paper on EU/EMU withdrawal legal issues (2009) is a master work of disingenuous statements. Notably the total absence of ANY discussion of the ECB's legality under such circumstances, LOLR or anything else... <br /><br />Talk about banking elites above the law... what better definition than a central bank with virtually no legal procedures pre-written?<br /><br />https://www.ecb.europa.eu/pub/pdf/scplps/ecblwp10.pdf<br /><br />Surely you people here realise that is was never a question of 'economics' argument - and certainly not in these last few weeks?<br /><br />Rather, all about raw vested interest (Capital interest) Power politics. Majority citizens' interests have not been represented by any party throughout - with the recent exception of Syriza.<br /><br />The 'threat of a good example' will never do!<br /><br />mikehallhttps://www.blogger.com/profile/09888570835764243409noreply@blogger.comtag:blogger.com,1999:blog-4900303239154048192.post-6678346856489604632015-07-09T12:30:53.269-04:002015-07-09T12:30:53.269-04:00Lombard Street has not been translated into German...Lombard Street has not been translated into German yet?rosserjb@jmu.eduhttps://www.blogger.com/profile/09300046915843554101noreply@blogger.comtag:blogger.com,1999:blog-4900303239154048192.post-12645766271614645872015-07-09T11:03:39.342-04:002015-07-09T11:03:39.342-04:00Well, if they have no mandate, liquidate them.Well, if they have no mandate, liquidate them.Sandwichmanhttps://www.blogger.com/profile/11159060882083015637noreply@blogger.com