Well then, the BBC has a problem. Despite Obama’s heroic raising of the Debt Ceiling and despite the best efforts of our wise rulers in the EU, financial markets decided yesterday that they no longer can trust the hollow promises from Washington and Brussels.Markets are in free fall – how to deal with? Well, this morning they wheeled on that old fraud Romani Prodi to try and explain things. He was dreadful and despite softball questions I imagine his comments will probably have further spooked markets. Next up was Olli Rehn, given a big drum roll by the BBC. He was only marginally better than Prodi and I think even the BBC were a bit rattled that their preferred snakeoil salesmen no longer even sound slick. That said, I suspect that the subtle agenda the BBC are getting behind is that the solution to EU failure is….MORE EU. The central planners in Brussels seek to use this crisis to further the design for complete control over the remnant of the Nation States within the EU bowl and you can be certain the BBC will do everything possible to help advance it.
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