Welcome to European Tribune. It's gone a bit quiet around here these days, but it's still going.
Remember this? Let's do.
2015: Alexis "Huey" Tsipras flies to Moscow amid speculation of bailout from Putin ...
"Russia offers to loan Greece funds for infrastructure and transport ..."
"Putin: Greece did not seek financial aid from Russia - BBC News"

Meanwhile, ECB drove eurozone sovereign bond price "signals" into a proverbial pit along, thus domesticating international speculators' expectations of moar g and appetite for moar g. Much confusion calculating alpha --the significance of "risk free"-- and beta valuations ensued.

"Politics all the way down"
In retrospect --approximately five minutes, or thirty-three years-- collusion among allied govs to impoverish enemies (or adversaries) with generous offers of funding assistance had never occurred either um "deliberately or by design."

The more the currencies of dollar-indebted countries slide, the more real goods and services they have to pay in tribute to the US to service the same paper-dollar debts - whilst those who cannot keep up will be gobbled up for pennies on the dollar. Yet beyond these purely economic gains lies also the geopolitical imperative - to maintain and extend US domination by scuppering its rivals. Trump is, after all, about nothing if not the conversion of all possible means of power into leverage to obliterate his opponents
except for those occasions when every proper central bank "suspended" settlement of legal tender with precious metals, rewarded patriots with profiteering opportunities and their emissaries with Nobel Peace prizes.

Kids, don't dollarize your Economy.
I admit, I have watched with great interest in ROW successfully surviving withdrawal symptoms.

Diversity is the key to economic and political evolution.

by Cat on Mon Aug 20th, 2018 at 04:07:01 PM EST
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