Since June 2019, the ECB has acquired 91.2% of all Euro-area debt issued… essentially fully funding enormous budget deficits with newly printed Euros… How is this any different from Venezuela and Zimbabwe…?

Since June 2019, the ECB has acquired 91.2% of all Euro-area debt issued… essentially fully funding enormous budget deficits with newly printed Euros…

How is this any different from Venezuela and Zimbabwe…? pic.twitter.com/ym9RdLKIEV

— Wall Street Silver (@WallStreetSilv) January 27, 2022

I mean, they’re not wrong … pic.twitter.com/2MfdJ9GGMr

— Wall Street Silver (@WallStreetSilv) January 26, 2022