Agreed, the idea of closed systems achilles heel = threshold on implosion from an undiscovered push down force.
This is key, in my viewpoint these natural laws of motion inescapable from even the cleverest of the clever paper money gaming engineers.
And ‘closed systems’ is the inescapable template used by the paper money jokers. Closed systems are all there is to do a paper money scam and this is going to be the undoing of this wholesale banking tyranny debt based paper money system black hole.
The template it uses is destined to become pancaked in its functionality it provides by the informational revolution downward pushing force unleashed by the internet.
On Morgan kelly’s article I reckon it is a thorough thesis on an angle on the overall narrative relating to Ireland and its banking supposed ‘crisis’ and its economic meltdown etc.
But, it misses out on another piece of the puzzle.
Ireland s debts are not to be confused with asset write down debts and gov debts on bonds.
The debts to be considered for real as opposed to non real are and always only private debts which always come with an exact obligation to a lender full stop.
So, an examination of ireland s economic woe’s is best served through the prism of an examination which incurs a separation out of the debts into their assigned debt type category and we go from there.
if we do not do this then the examination on the over all picture on irelands fate will be merely muddled at best and confusing.
Pulling together an analysis of Ireland situation putting the debts in their right boxes from the get go will reduce down any fudging of figures done on the back of debts which are merely accountancy tricks and nebulous and expungable by the stroke of a pen.
But the knife-edge psychology currently governing global markets has put the future of the U.S. economic recovery in the hands of politicians in an assortment of European capitals. If one or more fail to make the expected progress on cutting budgets, restructuring economies or boosting growth, it could drain confidence in a broad and unsettling way. Credit markets worldwide could lock up and throw the global economy back into recession.
For the average American, that seemingly distant sequence of events could translate into another hit on the 401(k) plan, a lost factory shift if exports to Europe decline and another shock to the banking system that might make it harder to borrow.
“If what happened in Greece were to happen in a large country, it could fundamentally mark our times,” Angelos Pangratis, head of the European Union delegation to the United States, said Friday after a panel discussion on the crisis in Greece sponsored by the Greater Washington Board of Trade.
That local economic development boards are sponsoring panels on government debt in Greece is perhaps proof enough that Europe’s problems are the world’s. That the dominoes can tumble fast was shown Thursday when a new and narrowly drawn stock-trading policy in Germany helped trigger a sell-off on Wall Street.