Schiff: Greece Should Have Been Allowed To Default New UK Government To Be Infested With Bankers $1 Trillion Was Not Enough New York mayor Bloomberg inspects London’s ‘ring of steel’
Economist Peter Schiff explains why Greece should have been allowed to default and not been bailed out, which will merely result in its debt being socialized and the people of Europe suffering while the underlying problem remains unchanged.
• Obama Urged Merkel To Ram Through Euro Bailout
No matter which parties eventually form a coalition to govern in the UK following last week’s general election, one thing is for certain – the House of Commons will be infested with bankers.
• UK Economy May Be Allowed To Crash And Burn Like US Banking Giant
The dizzy honeymoon created by the EU and IMF pledge yesterday to throw a trillion dollars at eurozone debt has faded as predicted. Investors realize the “fiscal tightening” — pensions looted, social services slashed, standards of living sent into free fall — will negatively impact growth in the euro zone and result in central bankers cranking up interest rates in anticipation of looming default.
• Max Keiser Reveals 1000 Point Plunge was Digital Financial Terrorism
New York mayor Michael Bloomberg today visited London’s “ring of steel” CCTV operation in the wake of the failed car bombing in Times Square.
Wednesday, 12 May 2010
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