Monday, April 11, 2011

Pig Ignorance and Greed,

Roger Bootle, Managing Director of Capital Economics, describes how the Euro is being deliberately driven onto the rocks in the Daily Telegraph this morning, linked here.

Although Mr Bootle describes what this blog has been endlessly repeating for years, it is worth reading because Capital Economics is listened to by the markets, and as is described in a link from its own website, here, recently topped a Wall Street Journal Poll on the accuracy of its economic forecasts.

The treacherous villains who make up the EuroGroup Ecofin Committee under Junker, would have been unable to have continued their disastrous policies for so long, were the idiot traders sitting before their screens 12/24 and reacting just as their string pullers intended, raised their eyes and turned on their brains for an hour or so each day and considered the reality of the world beyond their trading rooms.

There is a global banking crisis, as Gordon Brown finally admits this morning here and the report from Sir John Vickers due out later today will surely reveal. The naked greed combined with the pig ignorance of the typical traders employed by the banks, hedge funds and other market 'players', to daily speculate on the fruit machine monitors before them, must surely shoulder much of the blame for the West's present dire straits, especially as the stakes they use are the squandered resources of taxpayers and the winnings being solely returned to their own bosses for distribution in bonuses.



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