Constantin Gurdgiev on “Dictator Draghi” & “the Good, the Bad, and the Ugly” of Europe!

August 9, 2012 By 1 Comment

Welcome to Capital Account. Last May, we spoke about the bailout of Bankia and other problems emanating from Spain. This led us to question whether we would see a “Spexit” before a “Grexit.” Can we now add “Brixit” to the list? The latest addition to the Euro-exit-speculation family has been making headlines. We talk to Constantin Gurdgiev about whether the “Brixit” is just the next catchy phrase or if there is substance behind it.
Plus, today is the unofficial five year anniversary of the credit crunch. Five years ago the Dow fell nearly 400 points, as French bank BNP Paribas announced it was halting three funds with exposure to US subprime mortgages. Global banks stopped lending to each other, which triggered a credit freeze, and Central banks quickly intervened. We talk to Constantin Gurdgiev, co-editor of “What If Ireland Defaults,” and take stock of where we are today, if we’re looking at any kind of repeat, and why or how it could be different this time.


Check out these similar articles:

  1. Gurdgiev On Significance of Gold Collateral to Germany’s European Redemption Fund
  2. Electoral Steam Builds as Europe’s Pressure Cooker Readies to Explode
  3. Jim Rickards & Rick Rule on Draghi’s Nuclear Threat
  4. Jim Sinclair: Europe is Incurable, US is NEXT, Gold is Headed into the $2,000′s
  5. Europe on the Fringe – Politics in the Age of a New Depression
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Comments

  1. Avatar of ricin3000 ricin3000 says:
    August 11, 2012 at 10:14 PM

    Draghi never saw a ballot box up close. He’s part of what they call “the Technocrats”. You know, the people who are supposed to be “in the know”. Well, they’re “in the know” alright as they are all Goldman Sachs guys. Monti (ECB chief) is too. The super-Mario’s. The former is even worse than Bunga-Bunga was. At least Bunga was just about local cronyism, not world-wide. 
     
    So we have Draghi lecturing Germany and Holland and Finland that their gov should ignore their parliament. That is ignore democracy. You couldn’t make it up. The guy who’s PM of Italy for about a year now without any elections.
     
    PM Pizza Salami. Don’t ask, we’ll deliver. And you’ll pay (taxes).
     
    Best all,
     
    R3K
     

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