Euro zone contagion threatens to spread

With Greece and Ireland now reduced to junk bond status, and the resulting high interest rates the rest of the PIIGS are unraveling, just as was predicted about 18 months ago.

The mess that is called a financial system is overdue for a kind of shake up that has not been seen in many generations.

More at The Real News

If you are keen to understand how many generations I am talking about, check into the Dukes of Burgundy…about 1490.

Leave a Reply

WP Login