[Campaignforrealdemocracy] [Dem-Village] Fwd: EU vs Democracy?

[Brian Orr]

James,

There are undoubtedly a lot of speculators interested in making  
millions. There are many more investors with loads of dosh in total
on which they want the best, least risky return.

If you were a fund-manager with a reputation for being really safe but  
offering only a modest return on investments but getting
loads of investors of the more cautious kind because they believed  
their money was safe, wouldn't you be thinking of selling
any Portuguese sovereign bonds you held on your investors behalf?

Sure, there are some red braces whizz-kids who start the panic rushes  
- but the other 'greedy bastards' and private pension holders
have little choice but to follow suit.

One of the many inbuilt contradictions in the market Marx pointed out?

Brian Orr

On 25 Nov 2010, at 20:22, james armstrong wrote:

> Has anyone stopped to ask, Who is it that is speculating against the  
> Greek government,? then the Irish government,? then the Portuguese...?
> against sterling  in the seventies, the franc in the  fifties, the  
> euro to-day.... It is  not the next vulnerable currency we need to  
> support. It is the speculators  we need to identify and withdraw  
> support from. (Dont tell me,  " its the markets stupid" cos un  
> rigged market doesn't exist.  The press , the government and the  
> people are  being led up the garden path by the city speculators.
> James
>
> From: jotybarker at gmail.com
> To: democracyvillage at googlegroups.com
> Date: Thu, 25 Nov 2010 09:31:42 +0000
> CC: democracyvillage at googlegroups.com; campaignforrealdemocracy at lists.aktivix.org 
> ; project2012 at googlegroups.com; londonsocialforum2003 at yahoogroups.com
> Subject: Re: [Campaignforrealdemocracy] [Dem-Village] Fwd: EU vs  
> Democracy?
>
> Yes it also then brings up the democratic deficit of Avaaz itself...
>
> If Spain hits the rocks it's game over it seems, Belgium is small  
> fry in comparison.
>
> Interesting times with the demise of the Euro looming, end of the  
> euro, end of the European Community as we know it can only be a good  
> thing.
>
>
>
> ;-)
>
> On 25 Nov 2010, at 08:47, Mark Barrett <marknbarrett at googlemail.com>  
> wrote:
>
> I don't normally go for these, as real democracy is deeper than  
> referenda powers but this seems like a sensible use of e- 
> petitioning. Presumably Avaaz, with its big e-following could become  
> very powerful with this ECI mechanism in place...
>
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