Currency Wars: European Debt Crisis and the Next Phase of Global Finance

[abelenkpe]

Currency Wars: European Debt Crisis and the Next Phase of Global Finance

http://jessescrossroadscafe.blogspot.com/2011/10/administrative-note.html

(snip)

Here is a simple description of what is driving the markets. It is basically a counter party risk situation involving the biggest banks in the Western financial system.

If you keep this in mind most of the things that are happening will be more clear, even though the mind of the status quo rebels against it. People will believe what is in their best interests, long perhaps after it is beyond repair.

I think the endgame is well underway, and the outcome is not saving the public, but managing the transition to a new system, while hopefully keeping the same ruling class. That will not be disclosed while 'the players' jockey for advantage and position, 'turf' and the privilege of rents, if you will, well ahead of the crowd.

The European Central Bank and the Federal Reserve will bail out the banks again, and seek an 'orderly resolution' to the Greek situation. This will involve either an overt or de facto devaluation of the Euro and the Dollar. Make no mistake, the Dollar will not be allowed to appreciate dramatically for the same reasons that all the other currencies wish to avoid such an outcome

(snip)

And that problem will not be solved in the way that you might think of it, because the people 'solving it' are the same ones who created it. Their every effort will be directed toward increasing their power and preserving their situations and advantages, to the exclusion of most other concerns.

(more at link)

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[flamingdem]

1. makes you realize that "the people" and their needs don't have much input

on their financial futures.