Goldman Sachs and globalist think-tanks rule the world indeed. Greece appoints former European Central Bank VP, and Italy seems likely to appoint Mario Monti, Goldman Sachs adviser, Bilderberger, leading member of the Trilateral Commission. What exactly are the citizens of these nations thinking? Do they have any choice in the matter? Does anyone ever stop to consider the fact that the international bankers, often blamed for the worldwide economic turmoil, are the very ones who sit on these think-tanks and are obviously the driving force for a wider scope of central economic power such as the current situation in the EU?
Just out of curiosity, who do you think should be trusted to run these failing economies? Workers and peasants, Karl Marx and Lenin, or perhaps unsuccessful economists and failed businessmen? I have no opinion about these two dudes and ironically they are unelected leaders but seriously, where would you be looking for the brightest minds on the planet to rescue these two failed states?
I would want someone who would oppose these globalist bankers who have spun their web of debt all over the western world and would fight for my nation to break free from their schemes. They are the ones who caused the crisis. I believe in more diversity among currencies and economic policies to avoid "too-big-to-fail" and crises that span across continents, but these globalists could be correct. From the looks of it, the Euro is a smashing success.
While it is true that the skill set needed for this sort of thing is rather limited, a pattern starts to arise when looking at the small pool of people that are qualified. Nearly everyone significant with the knowledge to run things at this level is somehow connected to the same people that caused the crash in the first place. I think Europe's situation shows us why economic sovereignty is so important. Ending national borders in terms of currency only works when the countries involved are of similar levels of prosperity and have similar cultures or economies. The EU would probably be a lot more functional if its membership was limited to mostly Western and Northern Europe. Instead of having over a dozen members, they would probably be in a considerably better position if they only consisted of... Germany UK France Ireland Sweden Finland Netherlands Belgium Luxembourg Denmark All 10 of these countries are generally more economically functional and compatible with each other than the outlying countries of Southern and Eastern Europe. Spain and Portugal are the only countries in Western Europe that would need to be left out, and of course, Norway and Switzerland have wisely stayed out of the EU anyway. The fact that a Goldman Sachs advisor (someone directly connected to the mortgage crisis) would be running the recovery of a nation directly affected by the crisis seems to be a disaster in waiting. Italy has never been known for its economic or governmental stability to begin with, but it seems like they'd be better off taking the Iceland route eventually.
Fair enough and I completely agree with most of your post although it does not really answer my question. In reality anyone with any kind of real life financial background, experience and credentials will by definition be associated with the financial industry and thus one way or another be involved in the mess the world is in. Besides although I have no love lost for the financial industry, blaming the situation on banks and bankers is hardly fair, it's like blaming the fox for eating your chickens. Duh, that's what they are born to do. The people and the governments representing these people are to blame for getting into debt, not banks who exist to lend money and who should have been regulated by the people and governments to do it in a profitable but yet responsible manner.
In America at least, we had foxes guarding the hen house. When the bankers buy your politicians and the regulators, then pile up pseudo-derivatives of garbage and the politicians bail them out, who do you blame? All of them. That's why many think that you cannot allow the creation and manipulation of currency and banking to become so centralized for such a broad area. How is Switzerland doing with their own currency? Britain still has its own currency but their bankers also got them involved in the web of derivative debt. Meanwhile, Greece, Ireland, Italy and others are glued to the Euro and cannot inflate their way out of debt. So they are being given bailouts putting them in even more debt with compounding interest and forced austerity. The wider and more intertwined the banking and finance becomes, the more widespread and destructive any crisis becomes.
Actually you blame the people for letting that happen, for electing the prostitutes, for letting these prostitutes write laws legalizing bribery and get away with it. Bankers (just like regular taxpayers) are only too happy to use every loophole to maximize their profits, they've always been like that and they will not change. But in a democracy it's the responsibility of the people to make sure these loopholes don't exist and that politicians who try to create them are kicked out of their offices. And if the people fail to get rid of these loopholes and these a$$holes, they have themselves only, not the bankers to blame for the sorry state of the country's affairs.
But don't you see how these nations appointing banking insiders as the supreme ruler of their land kind of contradicts your idea that the public should ensure that bankers do not rip off the nation? We haven't had a banker president in America since...I don't know...a long time at least. They just appoint a Federal Reserve chairman and Treasury Secretary to rip off the nation. At least they're coming right out in the open in these nations I guess. These megabankers rule the world through no useful industry of theirs. Why should a nation borrow its money at interest from banks? "Everything predicted by the enemies of banks, in the beginning, is now coming to pass. We are to be ruined now by the deluge of bank paper. It is cruel that such revolutions in private fortunes should be at the mercy of avaricious adventurers, who, instead of employing their capital, if any they have, in manufactures, commerce, and other useful pursuits, make it an instrument to burden all the interchanges of property with their swindling profits, profits which are the price of no useful industry of theirs." --Thomas Jefferson
The new leader of Greece is the former finance minister who engineered the entry of Greece into the Euro. The firm he hired to cook the books and bedazzle the entry board with smoke and mirrors was .... Goldman Sachs!
I feel so grim about all this. Never mind failed states, how about failed belief in anything approaching democracy? There is nothing at all ironic about the fact that the "two dudes" are unelected. Overriding the will of the people in two democracies with the installation of representatives of the banking cartel is not ironic, it is a crying shame. The international banks and global corporations are deeply undemocratic and stated as much in the Trilateral Commission Report way back in 1973 (complaining about "democratic distemper" and asserting that too much democracy was "undemocratic"). For them, democracy is a huge problem (you know, all those all those pesky workers demanding living wages in return for their labor) and what has just happened in Greece and Italy is a horrifying development. But what is more horrifying is that, as much as I search the internet for expressions of outrage, I am mostly finding comments from people that think installing financial technocrats as the heads of previously democratic societies is financially warranted and, thus, not at all bizarre or even mildly disturbing (let alone horrifying). People living in the so-called first world have forgotten why democracy is important and that is the most horrifying thing of all. Countries are a lot more than just their economies. The financial sector has successfully convinced us that economies are the only things that matter. People are just so much static interference.
it is also the guy which warned for years about Greece's shadowy way of financing its debts and its structural problems. nobody listenend back then, not every banker is evil or unwilling to speak out about problems.
Show me a totally honest banker - a bank employee who do not place his/her employer's interests first. -------------
