ECB Secretly Made “Dozens” Of Private Calls To Select Investors After Lagarde Announcement Debacles

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A logo of the European currency Euro stands in front of the headquarters of the European Central Bank (ECB) in Frankfurt am Main on June 6, 2013, 2013. The European Central Bank held its key rates unchanged, as widely expected, at its regular monthly policy meeting. The bank's new headquarter is to be finished in 2014. AFP PHOTO / DANIEL ROLAND (Photo credit should read DANIEL ROLAND/AFP/Getty Images)

One of the biggest lies that has bizarrely persisted over the past century is that central banks are somehow working on behalf of “the people.” Nothing could be further from the truth, unless of course one’s definition of “people” are those high net worth individuals whose assets are in the mbillions.

And while we have repeatedly documented the often illegal sharing of inside information between the Fed and a handful of ultra-wealthy asset managers, today we get another confirmation that the ECB is no different.

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