Draghi Speaketh

Draghi Speaketh

From: Erwan Mahé (guest post)

29 August 2014

Mr Draghi’s speech at the Jackson Hole symposium was definitely the highlight of late last week. A lot of ink has already been spent about it, and I preferred to wait a bit before expressing myself on the matter. I was especially waiting for the inevitable response of our German friends, who did not disappoint us, with German finance minister Schauble’s declaration this morning that the “ECB’s Draghi has been “over-interpreted.”

While I do not want to “over-interpret” anything our central bank chief says during his pilgrimages to the Grand Teton National Park, where the Siberian scenes of Rocky 4 were filmed, I think it important to understand it in full. After all, his comments appear just as significant as those made during his whatever it takes speech in the summer of 2012. The parallel appears all the more worthwhile, since I remember, the day before Mr Draghi pronounced his famous words, my own intervention at the same meeting to explain the ECB’s ability to reverse the situation before a gathering of American investors, terrorized as the European experiment appeared on the verge of collapse. My argument that no ECB chief would allow the eurozone to implode under his leadership was met a mix of scepticism and irony. Some Texas hedge fund managers bet on the zone’s implosion and claimed that the ECB’s efforts to oppose “free market forces” would meet the same fate as the BoE’s unsuccessful attempt to defend the pound sterling in 1992. Super Mario’s dramatic statement provided sweet revenge and some new diligent readers.
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First Nations and Canada: Jurisdiction and Education Presentation by Sharon Venne


Jurisdiction and Education Presentation by Sharon Venne

In this 48-minute presentation produced by Mohawk TV, the respected Nehiyaw (Cree) lawyer Sharon Venne explains the Harper government’s effort to unilaterally remodel Canada’s political landscape at the expense of all First Nations. She pays particular attention to the series of Bills that Russell Diabo reviewed in his recent essay, Harper Launches Major First Nations Termination Plan: As Negotiating Tables Legitimize Canada’s Colonialism. If you’re still not sure about what’s going on in Canada right now, this is essential viewing.

reference: http://intercontinentalcry.org/first-nations-and-canada-jurisdiction-and-education-presentation-by-sharon-venne/

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