Thursday, April 7, 2011

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The Lyon Trichet, not to be confused with Lionel Messi, please: each kick in his own half- from his post as president of the European Central Bank (ECB), was determined to maintain the rate interest at 1% level time low, reached in May since 2009. But to achieve curb inflation, bring stability, restraint in the face of the probable rise of crude in the coming months, yesterday made public its own prediction of a few weeks ago and rose to 1.25%. Fidelity to his words brought us good news, I do not mean your vision and stubbornness, and bad.
The bad news is to follow the order of a vulgar joke copied and repeated a thousand times, it is clear that hints at what will happen to oil: a progressive increase of its derivatives, a cost that will affect our pockets, on all to fill their tanks cars and trucks, which makes me remember the explanation I gave in a conference room, an anonymous Egyptian attack on al-Gaddafi: the West's refusal to allow him Asia was guaranteeing purchase of one million barrels per day Libyan government, once again how the black gold was not explained the cause of the interference of the forces headed by the USA in a country sufficiently far from its borders but close enough to their economic interests.
Good is not that Trichet, a man who despite what appear and say his birth name, Jean-Claude ", feels enlightened by the ideas of Europe to the point of exclaiming in his inauguration as president of the ECB: "I'm not French"-in reality I am not a Frenchman in English and without contractions, so that no-doubt, say that Spain is in the right direction, but finally raise their money, well, everyone (the refinancing rate is the rate that banks must pay to obtain money from the ECB on loan when they use this possibility in times of liquidity constraints, as the current situation) . For as much as to endeavor the news and papers to say that the Euribor is a relatively artificial, an average mark of 42 heavyweights of European banks, already had advanced this far and therefore there will be no immediate impact on mortgages, will be fixed, leading banks to raise more for doing the same: leave the poor spend the nights of cold and loneliness in the ATM. And if we have learned anything in recent times is that greed is a serpent that boasts of its infinity, the fact is that when banks and savings banks have been able to provide a high-interest-not negotiate now, a few companies that they believe deserve your attention, which sends Europe: missing people over-borrow and jumped for joy on a mattress purchased in installments or toast with champagne he had bought being fixed only the tag attached to the glass of the bottle. Bubbles and carefree times that may be closer to returning than we've gotten away from them, by far Trichet.
So, it is safe to turn on the alarm: if you confirm the upward trend will become more expensive rates of most loans, and cocks shall not be closed but filled the homes of new gadgets and green car private parking and quiet, because banks are dreaming of the clink of coins in their desks. And once the wheel starts to spin, all forgotten, and every man for himself - as if solidarity had been the sign of the times of crisis! -. And if the default is triggered, do not worry: security boxes filled with dreams signed under the watchful eye of Mr notary and key chains that opened. As usual, and follow the guidelines of the beginning of the century, no real public opposition.
amazing thing is that Trichet has not been noticed before that and we be so dull as to not understand the accounts. The only people who seem to know some math, are Mr. MEPs, sometimes cast accounts with electronic computers, are so far from reality, are of such high-flying, that when they vote on their mundane lives are made a do not know what they have done until a reporter explained. And is that out of the routine creates confusion.
PS Thanks to those who every morning I open the eyes with its clarity and those close to me every evening with his prediction: under no circumstances are right and I know that the day after the news again surprised. It is born this text as opposed to hear today.

Jean-Claude Trichet

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