[lbo-talk] irreversible slide

Carrol Cox cbcox at ilstu.edu
Tue Nov 29 14:27:02 PST 2011


Chuck, identify the person you are quoting. I can't make head nor tail of your last cou0le posts, and I'm not going to read all the posts I skipped to find out.

Carrol

-----Original Message----- From: lbo-talk-bounces at lbo-talk.org [mailto:lbo-talk-bounces at lbo-talk.org] On Behalf Of Chuck Grimes Sent: Tuesday, November 29, 2011 2:09 PM To: lbo-talk at lbo-talk.org Subject: [lbo-talk] irreversible slide

How do you get from "intrusive powers" and "ceding national sovereignty" to "joint debt issuance for the euro zone"? That's a bit of a stretch, don't you think? What the authors appear to be saying is that once nations abandon

democracy altogether, then the Brussels-Berlin Axis will issue eurobonds to rebalance the system so that Soviet Europe works in a way that maximizes profits for the banksters. Is that what this is all about?

Sure it is. (Mike Whitney)

http://www.counterpunch.org/2011/11/29/an-irreversible-slide/

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I guess it doesn't really matter since none of these measures are going to work.

CG

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