Community | October 15, 2008 | 18 comments

Europe fumes over Wall Street meltdown

source: http://therealnews.com/t/index.php?option=com_content&task=view&id=31&Itemid=74&jumival=2575

Vierotchka
William Engdahl: Europe furious that AAA US bonds turned out to be toxic waste - see end of US era. Part 2 of 2

The economic meltdown on Wall Street has sent shockwaves across the globe. Political economist William Engdahl believes the "US faces an economic depression that will be worse than the Great Depression of the 1930's." He goes on to state that "European goverments are furious at the corruption and fraud that has come out of the New York financial community."

F William Engdahl is an economist and author and the writer of the best selling book "A Century of War: Anglo-American Oil Politics and the New World Order." Mr Engdhahl has written on issues of energy, politics and economics for more than 30 years, beginning with the first oil shock in the early 1970s. Mr. Engdahl contributes regularly to a number of publications including Asia Times Online, Asia, Inc, Japan's Nihon Keizai Shimbun, Foresight magazine; Freitag and ZeitFragen newspapers in Germany and Switzerland respectively. He is based in Germany.

See Part 1 at: http://current.com/items/89407431_us_losing_ground_in_eastern_europe

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18 comments // Europe fumes over Wall Street meltdown

  • jkw077
    • 0
      jkw077  

    • All this talk about the bailout, the economy, what went wrong, and nobody is discussing the Federal Reserve Bank, which is NOT FEDERAL, it is a network of PRIVATE BANKS. They will be printing the money that is going to go to Wall Street.

      Start looking up the board of governors of the Federal Reserve Bank!!!

    • 3 years ago
  • 10ft
    • 0
      10ft  

    • Europe needs to worry about Europe. Spain has already been blackmailed by the muslin and others are scared to say anything. If you can't keep you own house, don't tell us how to keep ours.

    • 3 years ago
  • SeaJade
    • 0
      SeaJade  

    • I think there are quite a few million Americans that are also furious at this situation and the "politicians" that sold US out and ignored common sense!

    • 3 years ago
  • vladbox
    • 0
      vladbox  

    • "Someone always has to lead....ALWAYS.

      So if it's not America it will be someone else.

      And you think whoever that is is going to do a better job? History must not be your forte."

      I believe J that History IS NOT your forte. If you are trying to implied that the US has ruled the world, when the world has been around almost 1000 times longer than the ephemeral rule of capitalism. I do not dispute that in the US (NOT THE US) IN THE US, some minds and some ideas took off in the last 100 years, but the idea that the ONLY way is the one that prevails here, is the one that works for everyone, shows the shortsighted ignorance that still prevails in this part of the planet. Hence the big financial mess you and I are in. The 18th Century mentality DOES NOT WORK, no one has to lead in such a small planet, but instead a global compromise can be reach at many levels.

      I can tell you first hand J, that the US is twice as many times wrong as it is right, I have been around this planet of ours enough times to live and experience the crap created by that ideology, I can tell you that we will not survive if we continue down that path.

    • 3 years ago
  • J_Jammer
    • 0
      J_Jammer [removed]  
    • vladbox:

      Nope.

      Not what I was stating.

      The world has no good leaders. For every "good" thing a leader does someone suffers from it. A good leader would have something done that all benefit from. ALL.

      There is no such thing as a global effort. Someone will always be leader whether it is America, Europe, Russia, Middle East, Africa...someone will ALWAYS lead.

      The paradise like idea that people can work together in a global effort to rectify wrongs is hilarious since this has never, ever worked before and there's nothing that is present right now that would make that even a valid thing to think possible.

      But when a group of people come together there is always a standout...a leader...someone that will take charge.

      Even in this "group" you're talking about someone will take charge.

      Europe can complain, but they decided to make the EU and get people to join. If one is to really nitpick like them they should think that their agenda isn't to bring about any kind of compromise other than having the entire world part of a EU.

    • 3 years ago
  • vladbox
    • 0
      vladbox  

    • You know , the US has some nerve to involve the world into their crap. But that is the ideology of the republican party, the conservatives, the Christian Right and some hypocritical democrats. Its our way or the Highway.

      I believe though the some minds will prevail in Europe, and this will end the "lead" the US had for some time in the financial markets Forcefully in fact.

    • 3 years ago
  • J_Jammer
  • J_Jammer
  • Walks_in_Storms
  • asherp
  • Vierotchka
    • 0
      Vierotchka  
    • Image

    • Catherine Austin Fitts is a highly intelligent and knowledgeable woman. Have you seen her website and organization, Solari?

      (click on the link)

    • 3 years ago
  • oblivious
  • futuregen
  • regjoeschmo
  • futuregen
    • 0
      futuregen  
    • Image

    • This was an interesting program on the bailout. It was discussed that the New York Federal Reserve is the corrupt link in the chain and needs to be shut down. They take all the money from DC. Apparently have LOST $4 trillion of the taxpayers' money (unaccounted for). Fitts called for an investigation into this and that they should return the money.

      Excerpt:
      Bailout & Financial Turmoil
      Investment adviser Catherine Austin Fitts was joined by financial commentators Bill Murphy (2nd hour) and Andy Gause (3rd hour) to discuss the current state of the economy, bailouts, and how fraud and manipulation are at the root of our financial turmoil.

      We've been draining value out of the real economy, and the proposed bailout will just funnel investments into propping up the bubble, said Fitts, suggesting that the plan will actually send money from Main St. to Wall St., instead of the reverse. What's going on with the bailout is more than theft, "it's a coup d��tat" �-a "reengineering of government institutions," she declared. Fitts has listed 10 reasons not to bail out Wall Street in her recent blog entry.

    • 3 years ago
  • regjoeschmo
  • asherp
    • 0
      asherp  

    • well, I guess they're going to install a one world government to prevent this from happening again.

      *grumble*

      when we create governments that are too large to be effectively lobbied or participated in by citizens, nobody has to invade to take over a country.

    • 3 years ago
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