The Prisoner's Dilemma
(It's A Matter of Trust)
10-06-11
mpg
Euro
Rumormill Disintegration Begins As Reality Returns:
France, Germany Fail To Reach Agreement On EFSF
This can't even be classified as a "Financial Alert" because it was expected by
every single economic pundit out there....except
the "market". All one can do is scratch one's head in
perplexed wonder....mpg - A quote...."In our previous post
we warned, indirectly through the IMF, that the biggest risk
for Europe is the inability to reach consensus over anything
from the most complicated, to the simplest matter. As noted
previously, one of the main initial drivers of the market
surge which has since translated into yet another short
covering rally of epic proportions was the belief that
Europe can actually come together in agreement over the
simplest thing - like its own survival. Alas, it appears
even that is not the case."
Well, it's called the "prisoner's
dilemma". It all comes down to a matter of
"trust".
- Germany, the country that's supposed to supply most of
the capital for this rapidly sinking geo-economic
enterprise, would have to "trust" that supplying more
capital to countries deeply in debt, countries who would
promptly hand this precious capital over to the same identical
Banksters who started this whole crisis in the
first place, would somehow help ameliorate Europe's
growing financial woes.
- Or "trust" that the additional capital they hand over
to France's Banksters would be used to help support the
EU's financial system, instead of being used for
France's current neo-colonial military splurge across
Africa and the Middle East.
- Or "trust" that the German voters wouldn't blame the
politicians who presently hold office in Germany for
wasting their hard earned tax dollars to support more
Bankster bonuses, Bankster stock options and France's
budding new Empire.
Three propositions so utterly, ridiculously and completely
implausible that no one, absolutely NO ONE actually believed
they would be acted on, or come to pass....except for those
who invest in the stock "market" on Wall Street. - mpg
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