German central bank risks bailout after money printing spreewww.telegraph.co.uk/business/2023/06/26/german-central-bank-bailout-money-printing-spree/
569 sats \ 5 comments \ @kr 26 Jun 2023 bitcoin
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275 sats \ 0 replies \ @cyberpunk02 27 Jun 2023
This is almost genisis block worthy
Unlike in Germany, losses on the Bank’s stockpile of bonds are automatically covered by the taxpayer under a deal struck by former Chancellor Alistair Darling to indemnify the Bank when bond-buying during the financial crisis.
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212 sats \ 1 reply \ @ramenbased 27 Jun 2023
am i understanding this correctly, that bundesbank has the same issue as the VC bro banks that went bust?
isnt it interesting how all the finance smart guys who raged about how QE is bad never actually made the argument that the issue with it is that you cant react to inflation because youre sitting on a ton low yield garbage? economybros are all imbeciles if you ask me. they never see anything comming like what is their actual competence?
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0 sats \ 0 replies \ @cyberpunk02 27 Jun 2023
they are stupid and immoral so we should win. ;)
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10 sats \ 1 reply \ @ek 26 Jun 2023
https://12ft.io/proxy?&q=https%3A%2F%2Fwww.telegraph.co.uk%2Fbusiness%2F2023%2F06%2F26%2Fgerman-central-bank-bailout-money-printing-spree
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10 sats \ 0 replies \ @ek 26 Jun 2023
@unpaywall
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