Everybody thought that main enemies for countries were those ready to begin a war against them, mainly in terms of guns and bombs, as common army interventions.

Latest events are showing us how in this new world order, the real menace for countries are speculators, finance speculators. 35 year old traders sitting on their City skyscrapers leather chairs, betting against CDS and Countries by just clicking some computer buttons.

George Soros achieved to force british pund to leave international change standards for a while by betting against it some time ago. So, all this happening now is not that new in the financial arenas.
But, what makes it so surprising is how the governments seem to do nothing to stop these attacks, no international call against leveraged positions against CDS, no international calls to brake exposure to currency speculation positions … no international call at all.

Greece had to be rescued by IMF last friday since its debt renewal climbed till astonishing levels, paying more than 8% per year for its sovereign issued debt, mainly due to CDS risk premium scalating non stop.
Now, Spain and Portugal seem to be next. But, are there enough reasons to attempt against these countries debt ???

Spain´s unemployment is at 20%. Obviously, an incredibly high level, but public deficit is well below United Kingdom´s, Italy´s, or even the USA. Do you imagine an speculative attack against the USA to force the americans to pay 8% for their T-Bond issues ??? … Probably not.

So, and only for those weak internationally imaged countries, the easy profits for bear speculators may arise more easily.

How can a government stop this attack once started ?? … Extremely difficult to say, but obviously, the first idea that seems more feasible would be that of sending signs to the international community that reforms to reduce public deficit are going to be undertaken seriously.

Not because these measures were extremely necessary to accomplish but just to stop artificial attacks from the international finance titans that get countries in real troubles to refinance its public debt, elevating the CDS or risk premiums to incredible sommets.

We are living in a world that wars do not get along the battle fields but in luxury meeting rooms, with fancy leather chairs, and many, many quotations running the bloomberg and reuters screens.

Wars fought by 35 year old traders, becoming billionaires attempting against countries by simply pressing computer buttons as playing video games.

Obviously, times have changed. At these times, Napoleon ( history´s most famous war strategist ) could not be that short any more, and obviously not that ugly. He should be more than 6 inches tall and look hot and sexy, necessary suited by Armani or Valentino,… and without any doubt, he would not be wearing that big hat or wear watches,… Instead, he would be wearing a ROLEX SUBMARINER bathed in gold.

Jose Luis Revilla Escudero
Chairman & CEO
WWShares, Inc
-Private Wealth Advisors-
http://www.worldwideshares.blogspot.com

An independent centrist for Congress in VA-6, I am finding people ready to vote even for a candidate who advocates raising Social Security retirement to age 70. There is no Dem running, and I am already flipping some of the Republican incumbent’s 62% from 2008.

No one in Congress offers how to balance the Federal budget even 30 years from now. My detailed interactive budget spreadsheet does it in four years (http://JeffVanke.com).

http://wjmc.blogspot.com/2010/05/student -recently-remarked-to-me-that.html

By the way, inflation does not require a public referendum or Congressional vote — and inflation is easy to start…

Thank your for the opportunity to comment…