Zero Hedge brings the sad news which is good only for top management in Russia, China & among the strange crew of the Bad Ship Bilderberg-some of whom live & play in Zug, Switzerland. Read the comments on this article for a more complete view. bms
http://www.zerohedge.com/article/guest-post-disinformation-fog-intensifies-economic-turmoil-develops
Guest Post: Disinformation Fog Intensifies As Economic Turmoil Develops
Submitted by Tyler Durden on 01/18/2011 09:00 -0500
In the past few years, the concept of economic globalism has revealed itself as quite the Trojan horse; once posing as the next step in the evolution of “free market” capitalism and the savior of third world nations striving for development status, now revealed as a fiscal plague spreading delirium and destruction wherever it touches ground. There is no denying that the economies of the world are irrevocably tied to one another, but until recently, this was always thought of as a “good thing” in mainstream financial circles. Today, the great failings of engineered interdependency are painfully apparent. The EU’s many peripheral nations are dropping one after another like flies in a fog of DDT, rising economies in Asia are bloated with investment capital escaping from debt default in the West, causing impressive levels of inflation, and the U.S. is on the verge of a currency implosion as the Federal Reserve opens the floodgates of fiat in a bid to hide our system’s extreme destabilization and maintain what little international faith is left in our ability to service our rampant liabilities. Globalism has led us to disaster…
