Saving The ECB (And The Euro) By Way Of Fiscal Submission And Political Surrender

“We need you, as the representatives of EU citizens, to channel their concerns to us and help explain our policies to them.” (President Christine Lagarde)

(Source: IMF, caption by the Author)

Summary:

·       Ex Post-Sintra, the IMF seeks to maintain control, of the Polycrisis narrative, with a positioning paper nudge.

·       The IMF’s nudge advocates the evasion of Eurozone central bank insolvency and the eradication of inflation by removing fiscal dominance.

·       The IMF advocates saving the Euro, and the ECB, at the social cost of the European Project.

· Removing fiscal dominance requires the submission of governments, and the suppression of militant voters, to depressionary economic fundamentals.

·        Populist demagoguery and large disenfranchised cohorts, of the Eurozone polity, will violently resist the IMF’s prescription and its agents.

Extracts

(Source: the Author)

·       Sintra is located between the same BlackRock and Hard Place as the Polycrisis.

·       The IMF is located between the same BlackRock and Hard Place as Sintra and the Polycrisis.

·       The insolvent Bundesbank’s legally precedent crash landing provided the financial instability halo for the view from Sintra.

·       Rumour has it, that some ECB Governing Council members are trying to trigger an insolvency credit event, at the central bank, by swiftly realizing losses through accelerated balance sheet contraction.

·       Hawkish ECB zeal, for tightening, is in direct conflict with the divergent inflation performance within the Eurozone.

·       Hawkish ECB zeal, for tightening, looks like an attempt to maintain German economic hegemony at the point that it is being existentially challenged by the global geo-political/environmental fundamentals.

·       With the Bundesbank insolvent, and Germany Inc. rapidly becoming so, the German government prescribes depressionary fiscal policy, for the whole Eurozone, so that Germany will not have a competitive disadvantage in the future great consolidation.

(Source: the Author)