Tim Geithner is warning Europe’s heavily indebted countries against spending cuts and calling on better off countries to help their neighbours. It wouldn’t be appropriate for me to delve into this too much and it is better left to quote William F Engdahl on this one, “….. and we’re supposed to trust him, he helped cause the crisis.” Indeed, in letting Engdahl doing my talking for me in more detail the little video that has been attached to this post might be worth watching.
Of course, the fact that Geithner, may be facing criminal charges because, when he was president of the New York Federal Reserve Bank, he instructed AIG to “withhold key details from the public about backdoor deals made to buy out derivative trading partners of AIG at 100 cents on the dollar“, might be sufficient to inform most of us that whatever this man has to say on Europe it cannot be good for Europeans. Well, at least not for the any Europeans apart from banksters in the City of London and at the Deutsche Bank, and Société Générale among others. For it was they who, along with Geithner’s mates at Goldman Sachs and Morgan Stanley, who profited from the AIG deals. Still, it is, perhaps, better to let the little video do the talking and all of a sudden things really do fall into place as we begin to realise the extent to which Marx’s fictive capitalism has run riot. …. and don’t we all wish we had some credit default swaps to swap?