Josh Kilbourn: “We Are About To Have Another 2008-Style Crisis”

03 Economy, 08 Wild Cards, Commerce, Corruption, Government
Josh Kilbourn

Chris Martenson: “We Are About To Have Another 2008-Style Crisis”

EXTRACT:

There really is no choice for Greece but to leave the euro, and the sooner, the better. Even then, there is a lot of hardship coming their way. But in my estimation, that’s better than the imposed austerity that is a guaranteed torture chamber. The institutions that avoided taking losses on their Greek debt on the first pass through, due to their preferred status in the process (the ECB among them), are almost certainly going to eat big losses this time, perhaps a full 100% of them.

Long article, many links, worth a full read.

 

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