Every time is see Christine LeGarde moving among the European leaders I am reminded of the time the IMF bailed out Indonesia so that the American banks could demand repayment of loans they had pumped into South East Asia to create the bubble in the first place leaving innocent taxpayers and the bewildered population to repay the debt to the IMF...then the American banks took the money and pumped it into the U.S. housing market to create another bubble...then took TARP and other funds and pumped them into European Sovereign debt...are we seeing the pattern Noam Chomsky identified when he said..."all efforts to try to centralise power in a world economic system geared towards insulating that policy is insulated from politics...ensuring that the general population of the world have no role in decision making and that the level of policy planning is raised to be so remote from people's knowledge and understanding and input that they have absolutely no idea about the various decisions that are being made that will affect their lives and certainly couldn't influence them if they did."...Politics give voice to the people who must live with the consequences of political decisions...who is it that is demanding decisions be made "now"....not politicians...at least not the politicians involved in the Eurozone debt debate...but the market...who trusts the markets...not me.
Gray Dourman
www.magichelix.com
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