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Hedge funds deliberately undermining Euro
Published: 05 March, 2010, 06:41
Edited: 06 March, 2010, 18:31
TAGS: Scandal, EU, USA, Economy, Finance
Authorities on both sides of the Atlantic are looking closely at euro trades, following reports that leading US hedge funds have been in collusion to undermine the European currency through the crisis in Greece.
Regulators on both sides of the Atlantic are probing euro-trading on financial markets.
The investigations follow reports that heavyweight US hedge funds have been colluding to undermine the European single currency by making speculative bets related to Greece's huge debt problems.
European Commission’s officials say that they are planning to discuss the current economic situation with banks and regulators on Friday.
Meanwhile, the US Justice Department launched a probe into leading American hedge funds.
American trend forecaster Gerald Celente says that the financial giants will not face punishment even if found guilty.
“Wall Street has highjacked Washington, the Wall Street mob is in control,” said Celente. He insisted that the most important positions in the White House are occupied by Wall Street veterans.
He said that their consolidated efforts as insiders make the bad situation much worse.
Celente warned that sovereign debt crises around the world would affect not only local systems, but also destabilize the financial system and put the entire economic system under threat.
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9 comments
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The only real alternative to the US Dollar is the Euro. In order to protect their investments and future wealth these guys will do whatever it takes. We have seen so many examples in the last 2 years of short term growth and wealth creation at the expense of long term stability (and at the expense of the vast majority of ordinary working people) that I am not shocked to hear this. These guys have tens, if not hundreds, of billions of $'s to play with. With those kind of sums it would be easy to influence whole governments from many nations. They just view 'attacks' on foreign currency as all part of the 'get rich quick' (and stay rich) game. As long as the few at the top get what they want, to hell with the rest of us.
Until the attorneys in America begin to sue the government retirement system there is to be no change. The retirement system in the US is the money laundering operation for all this "Hedge Fund" bonanza. At this time Goldman Sachs is pushing for a HOLDING BANK to finalize its takeover of the OREGON PERS. When the GREEN fraud replaced the SUBPRIME TOXIC BONDS, the game just never stops. The POLICE are given quotas to arrest, use weapons, etc. and this is because the weapons, wars and other trades are on an automatic software system of exchange run by GOLDMAN SACHS, et al. When there is an entire government retirement system which is the never ending funds - HEDGE FUNDS were purposely invested into via PERS and the homes being foreclosed upon in the US are recycled through the JUDGES' retirement portfolios, as they judge the America consumer for being a "flaky homeowner" - then there is no stopping this global holocaust against our own species, by those who have decided technology is the new GOD for the next number of centuries to own the universe should they get the opportunity to figure out how to.
It's time for all governments, perhaps starting in Europe to do something and do it fast. It is for too long that whole economies built up and maintained by real people doing real work can be ruined by a few speculators who do nothing more than gamble with other peoples money AND get the tax payer to compensate them when their speculation goes wrong. Time to put an iron fist on these speculators. There are plenty of existing laws to prosecute and jail these financial terrorists.