Το παρακάτω απόσπασμα συνέντευξης του επενδυτικού σύμβουλου Doug Casey, είναι από το εβδομαδιαίο οικονομικό ενημερωτικό της Casey Research.
Δεν προλαβαίνω να το μεταφράσω και σας το μεταφέρω στα αγγλκά ώς έχει. Έχω όμως τονίσει τα σημεία ελληνικού ενδιαφέροντος και το συμπέρασμα που βγαίνει αβίαστα είναι σαφές:
Ό'τι και να κάνουν οι κυβερνήσεις μας, ό'τι ψέμματα και να μας αραδιάσουν, εφόσον επικρατεί η κρατιστική πρακτική του περαιτέρω δανεισμού (quantitative easing), για πληρωμή προηγούμενων οφειλών, οδηγούμαστε με μαθηματική ακρίβεια σε γενικευμένη πτώχευση!...
"..Since everything that all the governments of the world -� it's not just the Americans and Europeans, but the Chinese and other governments as well - are doing are not just the wrong things, but the exact opposite of the right things, things will get worse.
Now, that's not a tough prediction to make, so let me be more specific: In real, inflation-adjusted terms, the bear market in stocks that started in 2000 is going to get much worse.
Interest rates will go to much higher levels, whether the governments like it or not. They are being kept artificially low in hopes that they will stimulate economies, but that means money is flowing to where the market doesn't see profit, and hence, by definition, the money is being misspent.
The property markets are going to keep heading lower, much lower. They have not bottomed at all in Europe and the U.S., and, in fact, are still on a boil in places like China and Australia.
And, of course, the specific prediction I've been making all along, most of the world's currencies are going to reach their intrinsic value.
L: For new readers, we see the intrinsic value of paper money being that of pieces of paper. But this paper you can't even write on, because it's already covered with meaningless doodles and spells cast by the witch-doctors at the Fed, ECB, etc. In other words: zero.
So, back to the present global economy: do you think Greece will default?
Doug: First, you shouldn't talk about "Greece" like that. We're talking about the Greek government's debt. And my view is that not only will they default, but that they should default. Generations of future Greek taxpayers should not be turned into serfs in order to pay for the excess of today's Greek politicians. And the people who lent the Greek government all that money to do stupid things with, should be punished for both their lack of foresight and their collusion with corruption. And it would be doubly good if this happened, because it would greatly hamper the ability of the Greek government to borrow money in the future, which would limit how much it could spend on all the disastrously stupid things governments spend money on.
I'll go further and say that all of these struggling governments, including the U.S. government, should default on their debts and punish the people foolish enough to lend them money. The world would be a better place if governments around the globe were unable to borrow money.
L: Okay, that may be what should happen, but will it?
Doug: I think so, sooner or later, but only when those in government see no other options. Entirely apart from the fact the nation-state is on its way out. Remember, defaults won't destroy what capital there is in the world. Technologies, factories, farms, mines, and such will still exist. They will just change hands. Hopefully, that will transfer a lot of capital out of public hands and into private hands, where it belongs.
L: But the EU has just made it very clear that, like the U.S., they will do "whatever it takes" to hold their doomed house of cards together. It doesn't look like they will let Greece - sorry, the Greek government -� or any other government default.
Doug: Well, these idiots can say whatever they want, but they really have only two choices; they either default and their currency units might maintain some integrity. Or they can print up more currency units, which will destroy their currency. I think that's what's most likely to happen. That's why I keep saying that the euro is a total dead duck -� it doesn't have a prayer of surviving."...
http://oikonomikablog.pblogs.gr/
