Webster G. Tarpley, Ph.D.
The speculative attack by Wall Street and City of London banks and
hedge funds against European countries, European banks, and the euro is
now reaching a crescendo. The current European crisis does not derive
primarily from economic fundamentals, but rather represents a cynically
planned assault carried out by Anglo-American financiers, whose
philosophy is the traditional Beggar My Neighbor. The goal is to shift
the epicenter of the world economic and financial depression from London
and New York onto the continent of Europe, and this operation has
already partially succeeded. London and New York are exporting their
own derivatives depression into the EU, using credit default swaps,
corrupt credit ratings agencies, and their entire panoply of financial
dirty tricks. We are not dealing here with the normal functioning of
markets; we are dealing with all-out economic warfare.
The Wall Street zombie bankers are aiming at a chaotic breakup of the
euro with the intention of buying up the old continent at
bargain-basement prices. The jackals of the City of London are seeking
to smash the euro as a means of breathing new life into the moribund
British pound, thereby masking the fact that Britain is more bankrupt
than the vast majority of EU member states. The Anglo Americans are also
acting to destroy the euro as a possible competitor for the dollar in
the role of world reserve currency for the pricing of oil, the
activities of international lending institutions, and other functions.
The dollar is now so weak and unstable that it can only survive through
the downfall of all the alternative currencies.
From: cnsnews.com
