Saturday, August 13, 2011

It's the Economy, Dummkopf! | Business | Vanity Fair

It's the Economy, Dummkopf! | Business | Vanity Fair: "It’s the Economy, Dummkopf!
With Greece and Ireland in economic shreds, while Portugal, Spain, and perhaps even Italy head south, only one nation can save Europe from financial Armageddon: a highly reluctant Germany. The ironies—like the fact that bankers from Düsseldorf were the ultimate patsies in Wall Street’s con game—pile up quickly as Michael Lewis investigates German attitudes toward money, excrement, and the country’s Nazi past, all of which help explain its peculiar new status."

Incredible reporting on how Wall Street dirt-bombed the Euro, to protect the dollar's reserve status and to make a lot of money for a bunch of fraudsters good at lying. Who can you trust anymore?

1 comment:

  1. Is it really so bad a situation as being portrayed here?

    ReplyDelete