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Old 10-13-12, 07:19 AM   #26
STEED
Lucky Jack
 
Join Date: Jan 2006
Location: Down Town UK
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Quote:
Originally Posted by Skybird View Post
there is no "EU banking" crisis, but a banking crisis, and regarding the EU: a crisis of general trust that was betrayed in general. The banking in London City or America is as effected and is as corrupt. And many of the critical financial "products" that have overflooded the market with dubious, highly suspicious constructs - were brainchilds of anglosaxon banking and economy philosphy.

Not to mention the "print more money!" conception, which also is explicitly pushed by the Anglosaxon business culture. Most dubious actor here is the US Fed.

The EU is corrupt, But corrupt is also the big busines world. Business lobbyism. Investement banks. Wall Street. IMF. Etc etc etc.

"Finanzprodukte" (fincial products). The mere term and idea already is a complete declaration of intellectual bancruptcy.
Update for Skybird...

Yes the city mile here is 100% corrupt but not for much longer, looks like this nest of vipers are set to jump on the ferry and take up resistance in Ireland. I of course will be keeping a eye on this story.
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