Is it really the international bankers or is it governments that took on much
more sovereign debt than they could repay?
Ed
----- Original Message -----
From: D and N
To: RE-DESIGNING WORK, INCOME DISTRIBUTION,EDUCATION
Sent: Wednesday, October 26, 2011 12:46 PM
Subject: Re: [Futurework] The Eurozone is now a farce
Perhaps instead of buying gold, one should just short the euro? That would be
the insightful and opportunistic thing, yes? You know? This could unite all of
these anciently warring countries. If each country's peoples understand it is
the international bankers and investors who are causing the problems, then "the
peoples" can unite.
Darryl
On 10/26/2011 8:56 AM, Ed Weick wrote:
If it is a farce, it's a tragic one. European history is full of battles
and bloodshed. Differences between nations and peoples were emphasized. What
the EU has tried to do with a common currency and lower national bariers was to
put an end to the kinds of hatreds and slaughters Europeans have had to deal
with since time immemorial. I guess they didn't - and couldn't - go far enough
and now they may have to pay for not having done so and become one more example
of a system based on ideals having gone wrong.
Ed
----- Original Message -----
From: Keith Hudson
To: RE-DESIGNING WORK, INCOME DISTRIBUTION, ,EDUCATION
Sent: Wednesday, October 26, 2011 3:50 AM
Subject: [Futurework] The Eurozone is now a farce
The Eurozone has now become a farce, and the Heads of State who are
meeting today at Brussels will have to be magicians with words if they are to
convince investors that the Eurozone has any future at all.
Today's Summit should have been that of Finance Ministers who were to
have supplied the final details of the rescue plan for Greece through to Italy.
Late last night it was postponed to an unknown meeting in the future -- very
likely a meeting that will never be held. It's not as though the Eurozone
problem is of recent origin. Officials and politicians have been kicking the
can down the road on at least a dozen occasions in the last two years. The
cancellation of the present rescue plan is only the last of these.
After opening this morning, the London Stock Exchange tried to be brave
for the first ten minutes but shares are now (8.30am) plunging. Is this the
beginning of a "depression that will be worse than anything in the last
century" (Sir Mervyn King, Governor of the Bank of England)? Readers would be
well-advised to buy a few gold coins while they're still available before
Eurozone investors get at them.
Keith
Keith Hudson, Saltford, England http://allisstatus.wordpress.com/2011/10/
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