Thursday, 16 July 2015

Wall St. Helped Greece to Mask Debt Fueling Europe’s Crisis - NYTimes.com

http://www.nytimes.com/2010/02/14/business/global/14debt.html?pagewanted=all&_r=1&

Greece and what former IMF Director DSK regards as the way forward

DSK is back and now he us advising Cuba.

I think everyone has to climb down on Greece as DSK recommends.

One has to feel sorry for the Europeans who got into all this mess because of American bankers and their immoral policies, condoned as acceptable competitive practices in the wars between international banks. These have replaced bullets and explosives, but are just as dangerous. Problem is that they are not well researched and I am not being paid £200k to do that research

In my view, it is American banks that need the hair cut. Young bankers in Europe were stupid / ignorant enough not to understand how exchange rates move constantly and that interest swaps on doubtful property assets are a fools game.

Governments bail out the banks and hand the weakest in their economies the bills of indenture. Its a bit like slavery, but legal and the bakers support the con ...

In addition, the likes of the Glasers and the Kochs still mess everyone up ...

http://fr.slideshare.net/mobile/DominiqueStraussKahn/150627-tweet-greece

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