Defaulting banks - where will it stop?

[Jan Klimkowski]

I wonder if a "saviour" is going to come along out of nowhere and somehow put everything to rights?

Well, Austrian fa.... um, far right leader Joerg Haider managed to crash his car going at 70mph through a village, with fatal consequences, yesterday. I wonder who'll be checking the brakes?

I would still expect a "messiah" to come from the far, extreme nationalist, right. In the aftermath of the catastrophic German hyperinflation of 1922-23, when the bankers & ruling elites were hunting for a national saviour, they eventually chose a fascist in Hitler, if he was rather misleadingly a "national socialist". But Hitler's brand of anti-banker rhetoric clothed in racist stereotype served the likes of Prescott Bush very well.

It's analogous to the Republicans ranting and raving about Washington special interests and pork barrel whilst in reality their snouts are slurping in the trough, and their asses are owned by those same special interests.

In Europe, the logical "saviour" play to distract the masses would be to blame ethnic group x for all our financial woes. Berlusconi has already started mass fingerprinting of his Roma "gypsy" population, and demonizing them would be very simple.