The question has to be asked: “Why shouldn’t we default and let the banks fry?”
What possible benefit it there to the people of a nation whose previous leaders “sold out” the entire country on the basis of lies from the banks, notably Goldman Sachs?
Why not default and focus on full employment and resilience at home? Why rescue German banks?
If a new financial system is emerging, anchored by the BRICS [Brazil, Russia, India, China, South Africa], why not focus on being attractive that that new ethical financial system instead of giving up what is left in the way of seed corn to the old predatory unethical system?
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