Journal: Hedge Funds Attack European Economies

03 Economy, Commerce, Commercial Intelligence, Ethics, Government, Non-Governmental
Webster Griffin Tarpley

Webster G. Tarpley

March 3, 2010

It has been evident for some time that the ongoing speculative attack on Greece, along with such other countries as Spain, Ireland, Portugal, and Italy, was not primarily a reflection of their economic fundamentals, nor yet a spontaneous movement of “the market,” but rather an orchestrated action of economic warfare.

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Phi Beta Iota: There is no question but that Dr. Tarpley is correct at the moment, the hedge funds are waging economic war on Europe, are out of control, and need to be stomped down.  HOWEVER, what is not evident in his longer report is the fact that Europe welcomed help from Goldman Sachs and others in concealing its long-term debt, and it is for this reason that the hedge funds now have an “information advantage” that gives them a “sure bet” against the Euro generally and Greece specifically.  Until the United Nations (UN), the European Union (EU), the African Union (AU), the Union of South American Nations (UNASUR), and the Shanghai Cooperation Organisation (SCO)–to name just a few–get a grip on  the totality of the information relevant to their safety, security, and efficiency, predatory capitalism, virtual colonialism, and unilateral militarism will continue to rule.  Our new book, INTELLIGENCE for EARTH: Clarity, Diversity, Integrity, & Sustainability, provides a game plan for creating a prosperous world at peace by arming the UN, EU, AU, UNASUR, and SCO with the means to do multicultural, multifunctional information-sharing and sense-making.  Our favorite line from the book: a woman with a cell phone is vastly more powerful than a man with a gun.