Zero Hedge | June 27, 2023
Less than a year after the UK had to plug an £11 billion (US$13.9 billion) hole to cover projected losses in the Bank of England’s bond-buying program, Germany’s federal audit office has warned that the Bundesbank may need a bailout to cover losses incurred from the European Centeral Bank’s bond-buying scheme, potentially compromising the ECB’s plans to conduct similar operations in the future, FT reports.
“The possible Bundesbank losses are substantial and could necessitate a recapitalisation of the [bank] with budgetary funds,” reads a report by the audit office, the Bundesrechnungshof, which the Financial Times has seen.
By design, we are currently experiencing a total worldwide collapse of the economy using any fabricated lever possible as an excuse to usher in the WEF’s “Great Reset” i.e. the NWO.