Europe – Satellite image (Photo credit: PlanetObserver)
“[Europe] is a politicial experiment
gone wrong. The experiment was to see if Europeans could be forced into
an even closer union – despite their wishes – by economic means, because
the political means failed.” In this brief clip, Lars Seier Christensen, co-CEO and co-founder of Saxo Bank, tells an audience at the Saxo #FXDebates
in London that the eurozone will eventually break up as Brussels claims
even more power from nation states. He warns investors that Cyprus was
indeed a template for bail ins and that outright confiscatory wealth taxes, disguised as solidarity payments, could be used to raise funds.
“The governments of Europe need money, and the private sector has it.
It is as simple as that. Be very paranoid,” he said, warning investors
that the mattress may be a safer place to deposit money over the weekend
than their bank accounts. “Frankly, it is a complete mess. And it is a mess that gets worse and worse every day,”
is how the outspoken truthiness begins, adding, “anyone with a rational
view of the world now sees the currency collaboration as a historic
failure that can lead to even further fatal consequences for Europe and
the continent’s competitiveness vis-à-vis the rest of the world.”
No comments:
Post a Comment