dedeleco wrote:You have to change the title 5 years becoming 2 months !!!!
Lire:
http://www.leap2020.eu
[humor]
Dedeleco cites without having read completely and understood the concepts and analyzes developed by LEAP, while these people do a huge job that deserves a lot of attention.
Never has this site announced the end of the Euro, and still months from here 2 months ...
http://www.leap2020.eu/Crise-systemique ... a7898.html
Our team could address this topic as the Anglo-Saxon media, the President of the United States and its ministers (7), experts from Washington and Wall Street, and more generally the mainstream media (8) do this lately to about all aspects of the global systemic crisis, ie saying: "It's the fault of Greece and the Euro! ". This would obviously have the virtue of reducing to a few lines this part of GEAB N ° 58 and remove any hint of analysis of possible causes in the United States, the United Kingdom or Japan. But, unsurprisingly for our readers, this will not be the choice LEAP / E2020 (9) chooses. Being the only think-tank to have anticipated the crisis and planned rather faithfully its different phases, we will not indeed abandon today a model of anticipation that works well in favor of prejudices devoid of any predictive ability (n ' let's not forget that the Euro is still doing well (10) and that Euroland has just achieved its feat of linking in six weeks the 17 parliamentary votes needed to strengthen its financial stabilization fund (11)). So, rather than propagating propaganda or "ready-to-think", stay true to the method of anticipation and stick to a reality that we need to unveil in order to understand (12).
In this case, for ages, when we think "banks", we think primarily of the City of London and Wall Street (13). And for good reason, for more than two centuries for London, and nearly a century for New York, these two cities are the two hearts of the international financial system and the dens par excellence of the great bankers of the planet. Any global banking crisis (like any major banking phenomenon) therefore has its source in these two cities and ends its course too, since the modern global financial system is a vast process of incessant recycling of wealth (virtual or real) developed by and for these two cities (14).
The decimation of Western banks that begins and will continue in the coming quarters, a historical phenomenon, can not be understood and measured without analyzing primarily the role of Wall Street and London in this financial debacle. Greece and the Euro undeniably play a role as we have analyzed in previous GEABs, but these are the triggers: the debt of Greece, it is yesterday's banking turpitudes that explode in the public square today ; the Euro is the spur of the future that pierces the current financial ballad. These are the two fingers that point the problem; but they are not the problem. This is what the wise man knows and what the idiot does not know according to the Chinese proverb (15).
[/Humor]
without hard feelings