I am trying to get my head around the ECB extending its bond...

I am trying to get my head around the ECB extending its bond buying because of the merde storm being created by the Italian banks. Does the ECB print Euro's outta thin air and buy the bonds?
http://www.cnbc.com/2016/12/07/ecb-...ext-september-amid-heightened-italy-risk.html
If so Capitalism is dead! The markets are manipulated BS that would make Uncle Joe Stalin blush.
POG makes me feel like that poor bloke who had syphilis and was made to push a GOLDEN boulder up a hill every day only to see it roll down the hill and he would have to start all over again; He was sentenced FOR #$%^ING ETERNITY! (Check out chart below)
I think he stole GOLD or @#$%ED a Goddess and Zeus punished him?

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