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

nowotny-ewald

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?

Latest Posts

Pelosi Called for Tariffs on China (1996)

Nancy Pelosi strongly supported tariffs before Donald Trump came into the picture. Trump is accomplishing what Pelosi dreamed of achieving nearly three decades ago. In 1996, on the House floor, [...]
Read more

Armstrong on Russia Today

COMMENT: I just saw you here on RT (Russia Today) explaining the tariffs. What a marvelous job. Nobody knew that interest and dividends are part of what people call the [...]
Read more