ECB Buys Worthless Italian Debt With Worthless Fiat Euros…How Long Can the Shell Game Last?

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via confoundedinterest:

How long will Italy last if and when the ECB stops buying their sovereign debt?

Well, we know it isn’t the Italian banks and other Italian financial entites buying Italian sovereign debt. Mostly it is the ECB buying Italian sovereign debt.


It looks like the ECB is the defacto Italian national bank. But how long can this last?


At least Italian median home price growth YoY is almost back to zero!


Here is a photo of Brainless and Brainard.



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