While everyone was busy ruminating on how little impact a Greek default would have on the global economy, the IIF - the syndicate of banks dedicated to the perpetuation of the status quo - was busy doing precisely the opposite.
When it comes to reporting the news, Reuters ability to get the scoop first may only be rivaled by its ability to "spin" analysis in a way that will make a normal thinking person's head spin. Such as the following piece of unrivaled headscrathing...
From Bill Buckler's Privateer:The Assault On SaversThe best and most basic proof that NO central bank anywhere has the best interests of the actual producing economy of their nation as their focus is the assault on savers and saving.
Another day, another reminder that all those who listened to "pundit" calls for loading up on Greek 1 year bonds which hit 100% for the first time ever in September of last year, are now broke to quite broke.
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