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It’s Not a Banking Crisis – This is Just a Learning Process says ECB Member

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Lobo
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It’s Not a Banking Crisis – This is Just a Learning Process says ECB Member

Post by Lobo on Wed 05 Oct 2016, 3:11 pm

Posted Oct 5, 2016 by Martin Armstrong

QUESTION: Mr, Armstrong, Just how stupid do these leaders really think we are? The ECB Governing Council member Ewald Nowotny said there is no banking crisis. “We are in a transition and learning process.”
KR
ANSWER: Well they think we are stupid, and the press is either brain-dead or corrupt. It is unbelievable. However, if we are in a “learning process” through the mess, isn’t that admitting they do not know what they are doing?
https://www.armstrongeconomics.com/world-news/banking-crisis/its-not-a-banking-crisis-this-is-just-a-learning-process-says-ecb-member/

    Current date/time is Sat 03 Dec 2016, 9:52 pm