Jul

11

A new phase of the European crisis started with the attack to Spain and Italy in particular. It was launched by rating agencies and supported by strong forces. Some hope it may find self sustaining strength. This side of investors or speculators or financial armies are close to those who have an interest to profit from a crisis of the euro and/or of Europe in general not only financially but also from a geopolitical standpoint. The beginning of this phase was carefully orchestrated. It may support the dollar and the perception of the American system as a safe haven in a critical moment for the US and the Wall Street establishment. Mors tua vita mea. And actually it is Europe and the Pigs that are the weak part of a declining western 'system'. In a balance based on relative strength and weakness who goes down first could matter. With the huge outstanding debt, it's hard for these countries to defend themselves.

Ken Drees writes:

In a Bacon type fashion instead of one at a time like Ireland, and then Greece last year, we now have the two largest countries hit at once.


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