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Sunday, April 06, 2008

What is going to happen with the underwriting quality in Central and South Eastern Europe after the latest prime-rate crunch in the U.S.?

"They make a desolation and call it peace." -Tacitus


Was Alan Greenspan really as dumb as he looks in creating the late housing bubble that threatens to bring the entire Western debt-based economy crashing down?

Was something as easy to foresee as this really the trigger for a meltdown that could destroy the world’s financial system? Or was it done, perhaps, "accidentally on purpose"?

And if so, why?

Let’s turn to the U.S. personage that conspiracy theorists most often mention as being at the epicenter of whatever elite plan is reputed to exist. This would be David Rockefeller, the 92-year-old multibillionaire godfather of the world’s financial elite.

The lengthy Wikipedia article on Rockefeller provides the following version of a celebrated statement he allegedly made in an opening speech at the Bilderberg conference in Baden-Baden, Germany, in June 1991:

"We are grateful to the Washington Post, the New York Times, Time magazine, and other great publications whose directors have attended our meetings and respected their promises of discretion for almost forty years. It would have been impossible for us to develop our plan for the world if we had been subject to the bright lights of publicity during these years. But the world is now more sophisticated and prepared to march towards a world government which will never again know war, but only peace and prosperity for the whole of humanity. The supranational sovereignty of an intellectual elite and world bankers is surely preferable to the national auto-determination practiced in the past centuries."

This speech was made 17 years ago. It came at the beginning in the U.S. of the Bill Clinton administration. Rockefeller speaks of an "us." This "us," he says, has been having meetings for almost 40 years. If you add the 17 years since he gave the speech it was 57 years ago—two full generations.

Not only has "us" developed a "plan for the world," but the attempt to "develop" the plan has evidently been successful, at least in Rockefeller’s mind. The ultimate goal of "us" is to create "the supranational sovereignty........
MORE YOU CAN READ AT THE LINK ABOVE OF THAT ARTICLE WRITTEN BY Richard C. Cook

TO OUR OPINION CONSPIRACY THEORIES HAVE THEIR REASONS BUT THAT DOESNT MEAN THAT THESE THEORIES INFLUENSE SO MUCH THE GLOBAL ECONOMIC SYSTEM(APART FROM SOME SPECIFIC SITUATIONS) BECAUSE ALWAYS ON OUR PLANET THERE ARE TWO OPTIONS.
FOR SOUTHEASTERN EUROPE COUNTRIES AND ESPECIALLY THESE THAT THEY DONT BELONG YET TO EUROPEAN UNION,WE THINK THAT THE WHOLE CRISIS IS GOING TO AFFECT THEM ON A MICRO LEVEL NEGATIVELY BUT ON A MACRO POSSITEVELY.
THE SAME THING THAT IS GOING TO HAPPEN TO USA'S ECONOMY,WHICH THE LAST 7-8 YEARS IS TRYING TO FIND WAYS TO UNDERESTIMATE ITS DOLLAR,SO THAT ITS ECONOMY CAN FACE THE COMPETANCE OF THE NEW ECONOMIC POWERS.
WITH THAT CRISIS WHICH WAS AND IS LOGICAL WHEN YOU PLAY WITH EVERYTHING AND PRICING HAS ONLY ONE ROUTE ,RISING UP,WITHOUT ANY KIND OF BALANCING CONTROL,ON THE NAME OF A FREE MARKET,THE USA ECONOMY WILL HAVE IN THE FUTURE AGAIN A LEADING ROLE AT GLOBAL MARKETS.
BUT THESE COUNTRIES WHICH HAVE JOINED EUROPEAN UNION ,THEY ARE GOING TO FOLLOW ITS ROUTE.A STABILIZED ONE WHICH WILL HAVE TO HANDLLE INFLATION RATES,WITH PROPER INTEREST FLUNCTUATIONS, WHEN EURO IS GOING TO BE ,FOR THE NEXT PERIOD,A POWERFUL PLAYER TO THE GLOBAL MARKET,EARNING THE TRUST OF FOREIGN ECONOMIES ,BY TAKING A BIG SHARE OF DOLLAR'S DOMINATION AT MARKETS.
THAT TARGET IS GOING TO BE ACHIEVED EASIER IF EUROPEAN ECONOMY WILL FOLLOW A MORE PROTECTIVE POLICY,COMBINED WITH ENTRANCE OF NEW MEMBERS AND INVESTING IN POOR TRADITIONAL FRIENDLY COUNTRIES DUE TO ITS HARD CURRENCY.
SO COUNTRIES OF SOUTHEASTERN EU WILL FACE THE OLD PROBLEMS OF RECONSTRUCTING THEIR ECONOMIES,AS THE TARGET WAS,WITH THE DIFFERENSE OF A FASTER OR LOWER RYTHM.

Angelos Charlaftis

We would like to thank Simona Mihai Yiannaki Professor at European University Cyprus and Bank Consultant for posing that important question which is laid as a title of the article

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