Thread by @IIIIIlllll13

A few remarks on the EUropean Central Bank & how the >>Cantillion Effect<< comes into play here:

The constant increase in the money supply and the associated devaluation of money leads to a decline in the income and wealth of the owners, while the wealth of those, who receive

the newly created money first, increases. This redistribution is named after the eponymous economist Richard Cantillon: the Cantillon Effect. He published a paper in which he showed hiw the change in the money supply affects economic activity. Cantillon argues that an expansion

of the money supply initially leads to an upswing. But such an upswing dies not prove to be sustainable. Sooner or latr it must end in a financial and economic crisis. He also noted that the expansion if a money supply is never neutral. Those who receive the new money first can

buy goods and services at unchanged prices. If the new money is now spent and passed on, the prices of goods will also rise, which would have remained constant uf the money supply had not expanded. Consequently, the losers are those who receive money at last or nothing at all.

They can only buy the goods at higher prices.The increase in the money supply thus enrichesthe first recipients of the new money at the expense of the late recipients. Even if the prices remain constant, the cantillion effect works!!! because without money supply increase it

could be assumed that theprices would have had fallen. It doesn't matter which form of money is chosen. This effect is evident with every fiat currency. With this uncovered paper money the states and governments have it in the hand to determine the wealth distribution within

their own borders, additionally across borders, after their interest. The Cantillion Effect reveals thus that fiat currencies represent a suitable tool for enrichment of some at the expense of many. Behind the term "some" are banks, large corporations and governments, which

receive new money through various instruments of the central banks.
The so-called "Asset Purchase Program" and the "Public Sector Purchase Programs" are only a few of many means available to the ECB to pump newly created money into the market. From March 2015 until June 2019

the ECB acquired 2,6 billion € worth of bonds in order to "maintain price stability", as it calls it so nicely. In doing so, 1,9 billion € were bonds issued by states, which meant that the ECB violated its own mandate NOT to finance states directly. But we like to turn a blind

eye on our so much beloved politicians. 🤗 After all, we are surrounded by sweet babble.
What is interesting however, is not only the breach of mandate, which continues to waste money diligently on politicians of certain countries, who are stuck up to their upper lips in a

debt swamp.
It also favours large corporations, whose equity ratio is beeing squeezed and their debt ratio increased, with big loans (soon to be fitted with extra thalers in every ECB pharmacy due to negative ir).
This makes a free market and fair competition absolutely

impossible, since smaller companies, which are already shaken by the monster claw laws of the EU, have no chance of offering their products at the same conditions as the large corporations, which can easily afford a price war to sweep others off the market.

Those who are interested : On the ECB's website there is an Excel table file where all large corporations are listed.
ecb.europa.eu/mopo/implement…
> Corporate Sector Purchase Program
under "List of securities held under the CSPP*" csv-file.

Mario Draghi has announced to start the program again soon, so Lagarde can have a mellow ride when she's steering the €-ship into deeper unknown waters with gigantic bubbles.
So let's be curious when the party goes on. I can promise you that it will be a fast ride that not

everyone will survive in one piece. So buckle up well.
I recommend strong safety belts.
Made of good and resistant ₿itcoin.