Happy and healthy New Year to all of my readers! Thank you for another GREAT year of contributions to make this BLOG a voice of reason in an effort to undermine the accepted NARRATIVE of conventional media investment pabulum. Today, one of the more astute anchors sustained the nonsense that the ECB and Mario Draghi have a SINGLE MANDATE (inflation), which renders the ECB policy easier to decipher as the FED has its self-defined DUAL MANDATE. This narrative as opined by the mainstream analysts is JUST DEAD WRONG. When Mario Draghi seized control of European fiscal and monetary policy in 2012, he said, “WE will do whatever it takes to preserve the EURO ….” and there would be no TABOOS. The ECB’s MANDATE is UNLIMITED and OPEN-ENDED whiles Draghi works to sustain QE and NEGATIVE INTEREST RATES. Economic data has no weight in thwarting the WILL of the ECB.This is going to be a major story in global finance 2018 as the Italians head to the polls.