*Everybody* hates evil, creepy America; Want to torture Wall Street banksters
Mort Zuckerman
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Subject: *Everybody* hates evil, creepy America; Want to torture Wall
Street banksters
Date: Mar 18, 2010 10:01 PM
Agree.
"Torture the Financial Terrorists."
KMDickson
http://www.actionlyme.org
========================
http://rawstory.com/2010/03/germany-mulls-spies-wall-street/
Germany mulls sending spies to Wall Street
By Daniel Tencer
Thursday, March 18th, 2010 -- 2:28 pm
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germanyberlinbundestag Germany mulls sending spies to Wall StreetMany
in Europe see currency speculation as 'economic terrorism'
Germany's finance minister says his government is considering sending
spies to London and New York to monitor the activities of currency
speculators.
Finance Minister Wolfgang Schaeuble told the German Parliament on
Tuesday that he may have to send spies to the world's two most
important financial centers "to set up surveillance of who is getting
together with whom for which kinds of speculative processes, and
where,” according to a report at Bloomberg.
The move comes in the wake of Greece's debt crisis. Many European
politicians and analysts blamed the crisis on currency speculation and
credit default swaps, which they say caused the cost of servicing
Greece's debt to jump this year, forcing the country into severe
spending cuts that have led to a wave of protests and riots across the
country. Greece's debt crisis, in turn, has caused the euro to plummet
in value.
"A market frenzy in recent weeks saw traders make bets worth billions
of dollars against the euro and on the chances of Greece not repaying
its massive debts. Those market worries have undermined the currency,"
AP reported last week.
Story continues below...
Schaeuble's remarks come after news reports last month that Spain had
ordered its intelligence service to investigate “whether attacks by
investors and the aggressiveness of some Anglo-Saxon media are being
driven by market forces and challenges facing the Spanish economy, or
whether there is something more behind this campaign,” in the words of
Spanish Prime Minister Jose Zapatero.
The trend reflects a growing sense in European politics that many
financial activities being pursued by large international banks and
investors are harmful to national economies, and perhaps should be
outlawed.
But the US government is resisting this sort of rhetoric. Europe and
the United States have been embroiled in an increasingly bitter fight
over how much to rein in the financial sector after the collapse of
2008. European finance ministers have called for restricting currency
speculation, credit default swaps as well as hedge funds, which often
bet against currencies. But the US contingent, led by Treasury
Secretary Tim Geithner, has been resisting calls for such dramatic
moves.
Yet even in the US, the bets placed against the euro have raised some
alarm. The New York Times notes that "the Justice Department’s
antitrust division is said to be examining whether at least four hedge
funds colluded on a bet against the euro last month."
TIME TO TORTURE CURRENCY SPECULATORS?
Economist Vanessa Rossi told Bloomberg that Germany's intelligence
agency could use the same tools used in fighting terrorist funding and
money laundering to go after currency speculators.
“Within continental Europe there are those that do think that
financial speculators are sort of terrorists,” she said. “In their
lexicon it is economic terrorism, so they may view this as more
serious than the US or UK.”
At times, that view has taken extreme forms. Earlier this month,
Luxembourg's finance minister, who heads the European Union's group of
finance ministers, said financial markets were "blackmailing" the euro
zone with their bets, and metaphorically threatened currency traders
with torture.
“We have the instruments of torture in the basement,” he said, “and
we’ll show them when it’s necessary."
The plan to send spies to London and Wall Street is "sinister and
silly,” Philip Whyte of the Centre for European Reform told Bloomberg.
He added that the idea reflects “a longstanding paranoia about the
Anglo-Saxon model of capitalism.”
"[Real] scientists are *fiercely* independent. That's the good
news."-- NIH's Top Fool, Anthony Fauci