Former IMF Deputy Director - Greek Exit Coming

Desmond Lachman former IMF Deputy Director talks on Bloomberg 23/07/12 about how Greece could exit Euro in 2 months time after USA elections. Very timely eh. It's looking like Greece isn't making the grade and it's in a deflationary spiral and losses must be cut. Germany feels as though loss of Greece is no great shakes.....However this could be Europes Lehman moment! Germans quite rightly don't want to bail out Greece again, especially as Spain looks like it'll be playing the violin and dancing for cash soon.

IMF Rigging the System?

IMF & ECB in fact all central banks are making a mockery of fiat currencies and ultimately the people will start to distrust the value of money in the medium term and assets linked to fiat currencies. At then end of the day the IMF hasn't got a job unless it just sloshes money into anything dead or alive, even if it's senseless. This global fiasco could in this modern day of global connectivity bring an end to a failed capitalist system, with no thanks given to the past politicians and central banks who've constructed the failure of the system. Greece must themselves declare default due to inability to implement the changes, this is being prepared for. It's only America, UK & IMF who want to keep this monster going, everybody else is just under perceived pressure. In business you don't reward failure (apart from banks), the people globally are becoming hissed (as seen below) at this idiocracy, end it now, take the pain (short term), followed by the better longer term gain (as realised by the Germans), not sure whether the German common sense can last....I hope it does. It just shows how they've recovered with greater morals from WWII than America or the UK have in this modern day! I'm British and starting to think I should be a German....How's that happend Mr Bush / Blair / Brown? I feel I live in a world of idiots, why... Central banks should give us 2% growth...not 3%...not 4%.... not 1%..... "2%" AVERAGE! For those in banks who find numbers difficult....to get 2% it may mean 1% one year, 3% the next, 2%..1.8%..2.2%..get it. Then we don't get capital system failures....or it's perceived to be rigged to steal etc. The people as seen through world demonstrations, comments....blogs...are becoming more impatient. Growth must come from a catalyst which is NOT QE. Demand growth will be weak unless commodities fall in price!