"Top-down engineered financial crash designed to take over Europe"

[financeguy]

Jim Corr on Russia TV. Er, yeah, it is that Jim Corr.

YouTube - Jim Corr: Top-down engineered financial crash designed to take over Europe

 

[Muldfeld]

I don't know much about this, but I think there's something to that. There's such hypocrisy about when the powers that be allow moral hazard and when they don't. According to folks like Paul Krugman, Germany is foolishly forcing much of Europe to worry about the deficit, rather than pump stimulus spending.

Despite all of U2 and the Clinton administration's talk about violence in Ireland and Northern Ireland ending due to political progress, the economy had a lot to do with it.

Doesn't help that U2 refused to pay its fair share.

 

[Muldfeld]

Paul Krugman explains how Ireland followed all the rules about being a responsible economy by guaranteeing that its private banks' debts would be honored by Irish taxpayers who must sacrifice decent wages and benefits, but has fared worse than Iceland, which didn't follow those rules by allowing its private banks to fail. I can't pretend to understand it all, but I get something out of it.
http://www.nytimes.com/2010/11/26/opinion/26krugman.html
Lands of Ice and Ire - NYTimes.com