Coming To Your Bank Account Soon - THEY Take 10% by 'Law'......

[Jan Klimkowski]

Mr Draghi said rates were on hold "for the time being" by consensus, which could open the door to a future cut.


He said he expected to see a gradual economic recovery in the second part of 2013.


However, he said that growth was "subject to downside risks". Risks included slow implementation of structural reforms by governments, or weak domestic demand.


"These factors have the potential to dampen the improvement in confidence and thereby delay the recovery," he added.

Let's decode that.

Mr Draghi said rates were on hold "until it's no longer in the interests of the elites" by technocratic diktat. "We'd like a negative interest rate where ordinary folk pay bankers to look after their money. Banks should be encouraged to continue charging a huge margin on car loans, mortgages, pay day loans etc to boost banker profits and bonuses."


He said he was still drinking the Kool Aid and expected to see a gradual economic recovery in the second part of 2013.


However, he said that banker bonuses were "subject to downside risks". Risks included governments refusing to allow vulture privatisations at prices way below true value, and the obstinate refusal of ordinary folk to buy shit they didn't need.


"These factors have the potential to dampen the irrational rise in stock markets and thereby delay our Master Plan," he added.