Comments on: Bundesbank right to focus on doom loop http://blogs.reuters.com/hugo-dixon/2013/10/07/bundesbank-right-to-focus-on-doom-loop/ Mon, 18 Apr 2016 14:55:08 +0000 hourly 1 http://wordpress.org/?v=4.2.5 By: ptiffany http://blogs.reuters.com/hugo-dixon/2013/10/07/bundesbank-right-to-focus-on-doom-loop/comment-page-1/#comment-716 Mon, 07 Oct 2013 19:34:19 +0000 http://blogs.reuters.com/hugo-dixon/?p=668#comment-716 Oddly, Dixon hasn’t succumbed to the usual article-of-the-week that claims that the European economy has turned the corner after six years of depression. The “leaders” of the seventeen-nation Euro Zone have been meeting regularly for years and always agree that they will have a solution someday in the future, maybe by the next summit meeting. The only thing they ever agree on is the sumptuous menu at the summit meetings.

Meanwhile, the self-proclaimed pundits continue to claim that the depression in Europe won’t affect the United States, in spite of the fact that the Federal Reserve has pumped trillions not only into the Wall Street Casinos, but the American subsidiaries of European banks. As a return favor, we got the manipulation of LIBOR, screwing the returns on the trillion-dollar investments of American pension funds who can only invest in phony triple-A rated vehicles like toxic mortgage-backed derivatives and other investments pegged to LIBOR. Meanwhile, the Plutocracy is doing just fine with managing their funds in foreign tax-free bank accounts.

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By: MoBioph http://blogs.reuters.com/hugo-dixon/2013/10/07/bundesbank-right-to-focus-on-doom-loop/comment-page-1/#comment-715 Mon, 07 Oct 2013 19:06:42 +0000 http://blogs.reuters.com/hugo-dixon/?p=668#comment-715 As thoughts turn toward the Zombie Apocalypse, the subject of at least two articles at Reuters this month so far, the eurozone certainly springs to mind, however fleetingly before the brain-munching hordes of the undead put all thoughts to rest. It is some small comfort that we might never again have the wherewithal to ask: Can the debt of a eurozone member, which has no currency of its own by virtue of membership in the eurozone, be properly considered sovereign debt?

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