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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum

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From: carranza2	8/7/2012 12:34:55 PM
	4 Recommendations Read Replies (4) of 219848

From Jesse's Cafe, very much worth reading. michael-hudson.com A snippet, suggesting once again that "It's the derivatives, stupid!" Prof. Hudson: I want to comment on your earlier point. It is true that the parasitic financial dynamic stems from America. But that is official policy; it is not a secret. It is not a conspiracy, it is very open. I am told that when Mr. Geithner came here to meet with the German bankers about the Greek debt, the Germans and Mrs. Merkel were in favor of a default, saying: Look, they can’t pay. But Mr. Geithner said that the German and the French banks and other banks have taken out credit default insurance with the American banks. These American banks would go under if Greece defaulted. Mrs. Merkel agreed to sacrifice the German banks and to impose losses on the German banks in order to help America. She seems to have put American interests before her own national interest, and cost the German people hundreds of billions of dollars by doing this. It is as if the leaders of Europe are hypnotized by a kind of Dr. Caligari who ends up to be running the asylum.

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