tag:blogger.com,1999:blog-2277215496195926573.post8065918119454080634..comments2024-01-01T07:41:51.347-08:00Comments on RALPHONOMICS: More bank skullduggery that should be broadcast from the rooftops.Ralph Musgravehttp://www.blogger.com/profile/09443857766263185665noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-2277215496195926573.post-77535330373434646492011-01-25T16:22:28.818-08:002011-01-25T16:22:28.818-08:00Nice post Ralph,
It seems to me that throughout h...Nice post Ralph,<br /><br />It seems to me that throughout history, the elites outside of the west routinely become desirous of the dominant western financial asset, often to the detriment of their own country's citizens. Right now it seems that both the USD and/or the Euro will do for these 'zombies'.<br /><br />Here today, it is the Chinese leadership desire for USD balances, but for now the Chinese are placating their population despite this suppression. I think that this phenomenon is ultimately dangerous to both parties. Although in some cases like Japan, OPEC countries, it seems like it can go on indefinitely.<br /><br />I believe that ultimately this is the same suppressive force at work currently in North Africa (petrodollars) that the people over there are rebelling against. Iceland rejected it and now Ireland is having a go at it.<br /><br />Interesting times!Matt Frankohttps://www.blogger.com/profile/11978352335097260145noreply@blogger.comtag:blogger.com,1999:blog-2277215496195926573.post-63550451769842791402011-01-24T05:10:52.621-08:002011-01-24T05:10:52.621-08:00As Pettis points out, someone has to pay for the o...As Pettis points out, someone has to pay for the overreach of the financiers and it is always households. It's happening all around the world now, with a bit of different twist in each locale. And the financiers are back at it again!Tom Hickeyhttps://www.blogger.com/profile/08454222098667643650noreply@blogger.com