Tuesday, November 8, 2011
Pepe Escobar : Italy Too Big to Fail, Too Big to Save?
Pepe Escobar not even China and Russia could save the eurozone at this point , Italy is just too big to bail ..... Italy has much more systemic implications than Greece, its debt is larger than the rest of the periphery put together, it is too big to fail, too big to save and and to make things even worse it has a government that has not succeeded so far to have the credibility of the markets on its reform program .Countries are getting screwed up because they don't have enough paper.... Truly this is insane. THIS PLANET IS RICH WITH RESOURCES ! The Current predatory monetary system is the greatest threat to human freedom, world peace, and environmental harmony, and must be abolished.This is the The Rape of Europe by the IMF and the International banking cartels. We are witnessing the fall of Western civilization.
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