Ambrose Evans-Pritchard – IMF Plan To Dethrone Bankers And Wipe Out Debt! – 22 October 2012

IMF’s epic plan to conjure away debt and dethrone bankers

So there is a magic wand after all. A revolutionary paper by the International Monetary Fund claims that one could eliminate the net public debt of the US at a stroke, and by implication do the same for Britain, Germany, Italy, or Japan.

Ambrose Evans-Pritchard – The Telegraph UK – Debt Crisis : Europe’s Democracies Must Not Subcontract Their Destiny To The Bundesbank 13 June 2012

Europe has lit the fuse on an economic and financial bomb. The rescue package for Spain cannot plausibly be contained to €100bn once it begins, given the subordination of private creditors and collapse of global confidence in the governing structure of monetary union.

Mish/ Mike Shedlock – Note To Ambrose Evans-Pritchard At The Telegraph : You Have Excellent Insight As To What Is Happening And Why, But Please Get A Grip On Reality As To Solutions – 17 May 2012

Once again, I sadly report that Ambrose Evans-Pritchard at The Telegraph hits the nail on the head as to what is happening, yet cannot hit the broadside of a barn with a shotgun from 15 feet in regards to the solution.

It really pains me to see excellent analysis go straight into the toilet with hopeless proposals to problems at hand.

Please consider Appetiser cost of Greek exit is €155bn for Germany, France: trillions for meat course by Ambrose Evans-Pritchard.

Ambrose Evans-Pritchard – Germany’s Carthaginian Terms For Greece – 12 February 2012

The last time Germany needed a bail-out from world creditors, it secured better terms than shattered Greece last week.

 

The austerity policy being forced on Greece by Germany and the eurozone cannot command democratic consent over time.

 

 

The US, Canada, Britain, France, Greece, and other signatories at the London Debt Agreement of 1953 granted Chancellor Konrad Adenauer a 50pc haircut on all German debt, worth 70pc in relief with stretched maturities. There was a five-year moratorium on interest payments.