...if it followed Trichet's advice and became eligible for loans it can not possibly repay. How in the world could that seem like a reasonable plan? Even Obama's finance team might hesitate for a half a second on that one. But, what's amazing is that the ECB seems to think it was reasonable and they are in charge of the current fiasco - this certainly reinforces my lack of confidence in their confidence game. All Iceland really needed was to join the G-20 and then they could have setup a police state to forcibly take money from people without their cooperation.
The master coverup plan by the Federal Reserve and the US banking system was to implement a massive accounting fraud via derivative's based liquidity generation - please read Derivatives...what the heck were they for? which I wrote regarding the use of derivatives to create the illusion that there is enough money to cover the fractional reserve debt money obligations.
