<html><body style="word-wrap: break-word; -webkit-nbsp-mode: space; -webkit-line-break: after-white-space; ">James,<div><br></div><div>There are undoubtedly a lot of speculators interested in making millions. There are many more investors with loads of dosh in total</div><div>on which they want the best, least risky return.</div><div><br></div><div>If you were a fund-manager with a reputation for being really safe but offering only a modest return on investments but getting</div><div>loads of investors of the more cautious kind because they believed their money was safe, wouldn't you be thinking of selling </div><div>any Portuguese sovereign bonds you held on your investors behalf?</div><div><br></div><div>Sure, there are some red braces whizz-kids who start the panic rushes - but the other 'greedy bastards' and private pension holders</div><div>have little choice but to follow suit.</div><div><br></div><div>One of the many inbuilt contradictions in the market Marx pointed out?</div><div><br></div><div>Brian Orr</div><div><br><div><div>On 25 Nov 2010, at 20:22, james armstrong wrote:</div><br class="Apple-interchange-newline"><blockquote type="cite"><span class="Apple-style-span" style="border-collapse: separate; color: rgb(0, 0, 0); font-family: Helvetica; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: 2; text-align: auto; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-border-horizontal-spacing: 0px; -webkit-border-vertical-spacing: 0px; -webkit-text-decorations-in-effect: none; -webkit-text-size-adjust: auto; -webkit-text-stroke-width: 0px; font-size: medium; "><div class="hmmessage" style="font-size: 10pt; font-family: Tahoma; ">Has anyone stopped to ask, Who is it that is speculating against the Greek government,? then the Irish government,? then the Portuguese...?<br>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.<span class="Apple-converted-space"> </span><br>James <span class="Apple-converted-space"> </span><br><br><hr id="stopSpelling">From:<span class="Apple-converted-space"> </span><a href="mailto:jotybarker@gmail.com">jotybarker@gmail.com</a><br>To:<span class="Apple-converted-space"> </span><a href="mailto:democracyvillage@googlegroups.com">democracyvillage@googlegroups.com</a><br>Date: Thu, 25 Nov 2010 09:31:42 +0000<br>CC:<span class="Apple-converted-space"> </span><a href="mailto:democracyvillage@googlegroups.com">democracyvillage@googlegroups.com</a>;<span class="Apple-converted-space"> </span><a href="mailto:campaignforrealdemocracy@lists.aktivix.org">campaignforrealdemocracy@lists.aktivix.org</a>;<span class="Apple-converted-space"> </span><a href="mailto:project2012@googlegroups.com">project2012@googlegroups.com</a>;<span class="Apple-converted-space"> </span><a href="mailto:londonsocialforum2003@yahoogroups.com">londonsocialforum2003@yahoogroups.com</a><br>Subject: Re: [Campaignforrealdemocracy] [Dem-Village] Fwd: EU vs Democracy?<br><br><blockquote><span class="ecxApple-style-span" style="color: rgb(0, 0, 0); "><div><span class="ecxApple-style-span" style="font-size: 13px; ">Yes it also then brings up the democratic deficit of Avaaz itself...</span></div><div><span class="ecxApple-style-span" style="font-size: 13px; "><br></span></div><span class="ecxApple-style-span"><div><span class="ecxApple-style-span" style="font-size: 13px; ">If Spain hits the rocks it's game over it seems, Belgium is small fry in comparison. </span></div></span><div><span class="ecxApple-style-span" style="font-size: 13px; "><br></span></div><div><span class="ecxApple-style-span" style="font-size: 13px; ">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. </span></div><div><span class="ecxApple-style-span" style="font-size: 13px; "> </span></div><div><span class="ecxApple-style-span" style="font-size: 13px; "><span class="ecxApple-style-span"><br></span></span></div><div><span class="ecxApple-style-span" style="font-size: 13px; "><br></span>;-)<span class="ecxApple-style-span"> </span></div><div><br>On 25 Nov 2010, at 08:47, Mark Barrett <<a href="mailto:marknbarrett@googlemail.com">marknbarrett@googlemail.com</a>> wrote:<br><br></div><blockquote>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...</blockquote></span></blockquote><br>_______________________________________________ Campaignforrealdemocracy mailing list<span class="Apple-converted-space"> </span><a href="mailto:Campaignforrealdemocracy@lists.aktivix.org">Campaignforrealdemocracy@lists.aktivix.org</a><a href="https://lists.aktivix.org/mailman/listinfo/campaignforrealdemocracy">https://lists.aktivix.org/mailman/listinfo/campaignforrealdemocracy</a><span class="Apple-converted-space"> </span>_______________________________________________<br>Campaignforrealdemocracy mailing list<br><a href="mailto:Campaignforrealdemocracy@lists.aktivix.org">Campaignforrealdemocracy@lists.aktivix.org</a><br><a href="https://lists.aktivix.org/mailman/listinfo/campaignforrealdemocracy">https://lists.aktivix.org/mailman/listinfo/campaignforrealdemocracy</a><br></div></span></blockquote></div><br></div></body></html>