Thursday, May 20, 2010

Euro Collapse Looms? Interview w/William Engdahl

Germany's Chancellor Angela Merkel says the Euro currency is at risk and that Europe faces its greatest challenge since the EU was formed. It comes as stock markets in Europe and Asia tumbled on the surprise news that Berlin was banning types of 'short selling' where investors profit by betting that shares will drop in value.

Engdahl nails the key (unspoken by MSM) point that the whole EU crisis is a diversion brought about by Wallstreet's orchestrated financial warfare - to direct focus away from US financial system / dollar woes and harm the Euro (the only real alternative reserve currency to the US Dollar)


45north said...

"this is a concerted strategy by Wall Street, this is orchestrated financial warfare"

well maybe

it's natural to speculate about causes and one can put forward a number of hypothesis' to explain the result.

Engdahl levels the charge without supporting evidence. Does he have any evidence of communication among Wall Street, Obama and Bernecke? Can he point to any specific actions they have taken?

Maybe they could saw it coming and did nothing to stop it. Or maybe they thought that it might come and perhaps in some way contributed to it?

I don't know.

Anonymous said...

B45north, are you really that stupid? I've got some ocean front property I'd like to sell you in Arizona, fool.

myself said...

"We" sent GS over to show the PIIGS how to hide their debt until it reached unmanageable levels. Then, we bad-mouth the Euro at every chance. We've gone to war to prevent any exchange but dollars-for-oil.The Euro was starting to be accepted. We want to remain the reserve currency. We're hoping to receive all the "flight to safety" money. The U.S. has no shortage of reasons to try to sabotage the Euro. Treasury needs to corral every sucker it can find. no doubt at all.