Is Euroland on Verge of Disintegration?

Rigged Game

[DQ here: a couple of caveats to go with this post.

First, the claim, in the first paragraph, that the Brexit campaign was promoted and financed by the most influential banks of the City of London, is not completely accurate. As far as I’m aware and as I documented in the run-up to the referendum, City of London banks were among the biggest funders of Campaign Fear. As the Telegraph notes, they have taken a massive u-turn since the referendum. It was the hedge fund community in the City that was most pro-Brexit from day one.

Second, later on in the article Engdahl mentions that as a result of its myriad schemes to keep the banks and sovereigns afloat, the ECB has a total balance sheet of over  €1.5 trllion. In reality, it’s a lot bigger than that. The last I heard it had surpassed the €4 trillion mark].

By…

View original post 579 more words

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s