Saturday, October 18, 2008

Ambrose Evans-Pritchard – Telegraph.co.uk somehow this got missed

Crisis may make 1929 look a 'walk in the park'

Original Telegraph article came up as valid so didn't get posted. A view from less than four weeks ago. The ECB's little secret is that it must never allow a Northern Rock failure in the eurozone because this would expose the reality that there is no EU treasury and no EU lender of last resort behind the system. Would German taxpayers foot the bill for a Spanish bail-out in the way that Kentish men and maids must foot the bill for Newcastle's Rock? Nobody knows. This is where eurozone solidarity stretches to snapping point. It is why the ECB has showered the system with liquidity from day one of this crisis. The International Monetary Fund still predicts blistering global growth of 5 per cent next year. If so, markets should roar back to life in January

Posted by malct @ 08:10 AM (1201 views)
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18 thoughts on “Ambrose Evans-Pritchard – Telegraph.co.uk somehow this got missed

  • planning4acrash says:

    Not only that, but, does Germany accept higher taxes to subsidize lesser parts of the EU who should have lower interest rates. Just as how Londoners subsidize those in the north, because interest rates are set high in the UK on the basis that London doesn’t over heat?

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  • “adverse self-reinforcing dynamic”
    What a lovely way of saying we’re screwed :O)

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  • japanese uncle says:

    Single Europe as long as the weather is fine.

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  • or Single Europe as long Germany foots the bills.
    Germany is probably losing the will to do this.

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  • planning4acrash says:

    I was told in the deleted artical that free markets are unrealistic utopia. After all the chaos around us, is it not evident that compromised central planners meeting our needs is a wholly discredited utopia? Why not give freedom a chance?

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  • Charlie Brooker says:

    This article is nearly a month old.

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  • p4c:
    But haven’t we had freedom (free markets anyway) over recent years? It seems that one person’s freedom is another’s poverty. I’m not sure what sort of freedom you mean.

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  • A lot of us have had this EEC problem in the back of our minds for some time. This all for one and one for all system is not going to work on such a large scale. It’s ok in a novel and it’s ok on a small scale because the damage is limited, but there is the other side where growth is also limited.So the great leaders had to go for the big ‘all for one’ forgetting it can also bring greater damage with it. A healthy country like Germany is finding this out and of course it’s damaging them.
    The VIs might love this single currency but it’s damaging the good as well as the bad. MG! and they want a single world currency.

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  • charlie brooker says:

    The article is nearly a month old.

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  • charlie re month old – see first line of my article summary above

    after you’ve looked again at my chosen title.

    Ambrose often gets quoted here but somehow this one seems to have slipped by

    until Rixon posted it on truthseeker today.

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  • planning4acrash says:

    We don’t have a free market when govt can debase our spending power, printing money to pay for war. When govt fails to protect industry against communist imports. When farmers are subsidized to set aside land and produce biofuels and cash crops.

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  • planning4acrash says:

    When small business is subjected to the same expense and regulation as corporations, when patents can be sequestered, no constitutional limits to big government, vat payable on silver coinage, no free press or tv, protests in free speech zones, r we free?

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  • charlie brooker says:

    Interesting to see comments have been added in the las t24 hours to the orignal article.

    “”The interests behind the Bush Administration, such as the CFR, The Trilateral Commission – founded by Brzezinski for David Rockefeller – and the Bilderberger Group, have prepared for and are now moving to implement open world dictatorship within the next five years. They are not fighting against terrorists. They are fighting against citizens.”

    Especially disturbing given who it comes from: Dr. Johannes B. Koeppl, Ph.D., former German defense ministry official and advisor to former NATO Secretary General Manfred Werner

    Yikes.

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  • charlie brooker says:

    malct: actually I am glad I read the article now. I’d never heard to the Council on Foreign Relations before.

    Look it up on Wiki: There they all are – America’s plutocracy.

    I’d heard of the Bilderbergers and the Illuminati this one is new on me.

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  • Charlie Brooker says:

    Hey malct : they can’t stop the signal.

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  • Old article – already read it before. Unfortunately, as with anything written by Ambrose you know what the them of the article will be before you complete it.

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  • charlie – I’ve been studying this stuff almost full time for the past six years

    the really depressing thing is how conditioned people refuse to see the obvious

    the most rewarding thing is when someone finds out for themselves that things are not as we are told

    thank you and good luck.

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  • planning4acrash says:

    CFR is part of “Britain’s” Royal Institute of International Affairs. These guys were behind WW1 to install the league of nations, WW2 to get United Nations, wars inbetween to make developing countries interdependent on global dollar fiat. Next, victim?U&I

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