Over the last four years, the European Central Bank has managed to inject €2.6 trillion into the banking system in order to maintain economic stability. To be clear, these cash injections have been one of the only things propping up the economy, and even the Governor of the ECB has now admitted that. Now, €2.6 trillion may not sound like a lot of money but we need to consider that this money is then multiplied by the fractional reserve banking systemRead MoreThe post Tighten that Belt!! appeared first on Bitcoinist.com.
