Wednesday, November 30, 2011

Euro Leaders now relying on MAD - Mutually Assured Destruction!

MAD was the concept of defence in the Cold War. Economic warfare is effectively what the EU is now waging against the world, particularly whilst calling for added IMF involvement in their crisis, while leaving all the basic flaws of their common currency construction in operation, and all the corruption and anti-democratic practises of their crazed construct in place.

This explanation comes from a post on Acting Man of today,linked here, from which I offer this small extract as a taster:

However, the eurocrats do have a means of blackmailing the world, namely the fact of 'mutually assured destruction'. This becomes clear when considering a chart recently published by the Bank for International Settlements (BIS) in Basel. The chart depicts the interconnectedness of the global financial system. The thicker the lines, the bigger the amounts at risk.

The spiderweb of global financial interconnectedness. If one of these dominoes tumbles, all of them will – click for better resolution.

It should be clear that it is not the interconnectedness as such that creates the biggest problem: it is the fact that at the root of this huge web of financial claims and counterclaims we find a fractionally reserved banking system the liabilities of which are largely uncovered – i.e., the great bulk of the money supply that is supposedly available 'on demand' if depositors come to ask for payment in the form of money proper (banknotes in the fiat money system) is in fact not covered by standard money.
This is why the game of chicken currently playing out in the euro area is considered to pose a global danger. It could well mean that the end-game for the system as we know it is approaching – a prospect not relished by those who profit most from the system's current configuration.



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