PIIGS

An interesting acronym, suffice it to say that this definition appears to smack of Euro-phobic Anglo-American/anglo-saxon tendencies bent on fueling debt-fears brought on by CDS speculation so as to give all those involved in the casino a big pay-out, and all this so as to divert attention from the economicwoes of US/UK. I can only say that the devil, if such a being exists, has taken form at the heart of banking, and the workings of its evil is now apparent.

The eventual target of these attacks, as we all know, is the euro, a currency created in order to shield countries in the euro zone from long and short speculative attacks on the stronger and weaker members respectively. Those intent on the destruction of the euro, who can only be considered to be doing it through sheer hatred of its advances to date in social and economic reforms, are using toxic financial instruments such as naked CDSs to attack the weaker flanks while at the same time releasing reports on the ‘PIIGS’ through its media outlets in concert with timed ‘credit downgradings’ by the unregulated ratings agencies, which in itself rather begs the question: why are the credit agencies and the zombie banks and the sociopathic elements within banking not being investigated and brought to book for the de-stabilising effects that they are having on the financial world?