Wednesday, September 28, 2011

Morgan Stanley Report on the European Debt System


Morgan Stanley, European Economics and Strategy, A Panorama of the European Debt System at Scribd

(h/t Zero Hedge)

A peek behind the veil.



7 comments:

googleheim said...

How can we trust the EU anymore ?

The same countries which pillaged and created the Argentina crisis with help with US educated Argentine neoliberal conservatives while purchasing Argentina's utility companies while providing other conduits ( known and UNknown ) for shipping foreign investors' monies back into EU zone via Monaco and just plain normal Banks is appalling.

googleheim said...

also - why does Ron Paul look like Karl Malden in those older American Express commercials ?

Matt Franko said...

Goog,

I think it is his nose? Seems to be growing as he gets older...

googleheim said...

If Ayn Rand and philosophy was soooo pro individual at any cost someone should protect their self-interest even if it steam rolls others ... THEN why is Ron Paul
purporting himself to be such a great tax advocate, deficit hawk, ding dong doo-dad in general ?

googleheim said...

I read this report, and I have to say that they forgot the part about how the USA provides open swap lines and how USA undercuts Boeing by helping out the Airbus folks who are subsidized and over took Boeing world wide.

WE NEED to let Europe fail, they are not too big to fail since Boeing would benefit muy mucho.

Matt Franko said...

Goog,
It seems to be a basic characteristic with the people that get into office.

They go thru a lot of hard work, campaigning, fundraising, personal attacks, family hardship, etc... and then when they win, they immediately surrender the authority that they were so zealous to obtain in the first place...

So with Ron Paul, he runs to get the authority, then when he wins and is given the authority, he immediately turns it over to "objectivism" or an "every man for himself" type of philosophy....

Same thing with those who surrender the authority given to them by then advocating use of "metallism" (surrendering their authority to the ability to gather an earthly metallic element) or in a moron fashion, succumbing to the idea that the civil government has to "borrow" it's own state money while such "debt" is to be avoided (surrendering to "lenders", or the perceived ability to "borrow")...

From our perspective it indeed looks like they are insane in this regard... hard to understand...

Resp,

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