posted on Mar, 31 2009 @ 06:11 AM
reply to post by Vitchilo
Pretty much on the money there (no pun intended). Sarko's pissed, the Europeans are pissed, since they're getting reamed economically by a disaster
they mostly didn't buy into. It was the masters of the universe on Wall St. and in the City who tanked the world economy, and they went at it with
incredible dedication for well over a generation.
Let's face it, Greenspan and Volker and that pack of Goldman Sachs alumni who waltz in and out of power in the FED and at Treasury are NOT stupid.
They knew what they were doing, and they lined up a bunch of useful idiots in Congress and in the executive branch from Reagan on up to Obama to get
everything they wanted and pull out all the stops and dismantle and forestall effective regulation on anything that would impede their greed. CDS,
Glass-Steagall, the works.
They built up mega-bank conglomerates that are "too big to fail" and installed a financial oligarchy in Washington to the extent now that they run
the country and are setting policy and indebting the sucker taxpayer for generations just to cover their own backsides and protect their mega-scam.
Well, now it's been done, but Sarko's demanding pretty much what the IMF would demand of any other country in the same situation--an intervention,
and that the offending country throw the cronies/bums out and clean up its books.
Problem is, its the US this time, not Thailand or Argentina. The 800 lb. gorilla. Meanwhile, China is using the worldwide flight to safety to
Treasuries to slip out of that market and is starting to buy up depressed commodities and real assets, not soon-to-be-worthless US treasury notes,
thanks to the FED monetizing trillions in debt.
A hell of a storm is brewing, and the US is saying in effect, "Just shut up and spend like drunken sailors with us and we'll indebt our way to
prosperity." So yeah, if I were Sarko, I'd be POed too. This is madness.
[edit on 31-3-2009 by gottago]