Debt crisis: IMF ‘suppressed signs that Europe was facing debt crisis’

Discussion in 'Europe and Russia' started by pmaitra, Jul 21, 2012.

  1. pmaitra

    pmaitra Moderator Moderator

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    Debt crisis: IMF ‘suppressed signs that Europe was facing debt crisis’

    Source: Debt crisis: IMF ‘suppressed signs that Europe was facing debt crisis’ - Telegraph

    To be merged later with: http://defenceforumindia.com/forum/europe-russia/38200-euro-should-now-put-sword.html
     
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  3. Ray

    Ray The Chairman Defence Professionals Moderator

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    Indicates how they protect themselves, but are ready to shout from the rooftops of anything that others do and howl like a jackal on a full moon night that they (the non Whites) are making a huge mistake!

    The non whites in the IMF with their hefty paychecks are but selfish stooges!
     
  4. panduranghari

    panduranghari Senior Member Senior Member

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    IMF is but a vestige of the dollar based debt system which is now 97 years old and this old man does not want to go out gracefully. There is a 12 year old upstart who is ready to accept the role of dollar with taking over the Exorbitant privilege that the USD had.

    The European debt crisis has every answer within the name - DEBT crisis. The crisis which arose due to buying and selling of debt as a mode of savings. A mode of saving which has a massive counter party risk.

    If the band aid solutions we see on TV about European leaders trying to fix the crisis are anything to go by, it is nothing but a facade to allow the old man to die and for the young upstart to take over. The new upstart has no lofty ideals to aspire to. It is doing it the old fashioned way. The old fashioned in the sense to permit the dollar faction which is represented by IMF and World Bank to fall on their own sword.

    The first line of the Eurosystem Consolidated Financial system says it ALL.

    I posted this elsewhere but here it goes again as its very appropriate.

     
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