27-09-2008, 03:14 AM
I think it also worth pointing out the fact that it is the hedge funds who are driving this whole mess.
There are sound reasons to suppose that it was the hedge funds who were behind bringing down the Pacific Rim 'Tiger' economies in 1998, and that this was not a bad thing for US economic hegemony. Is it that they are "arms-length" vehicles for US covert financial warfare, or is it that they are simply an expedient market force?
All eyes are now on the survival - or not - of the giant insurance consortium AIG. If that goes, then a trillion dollar whirlwind will blow through the financial markets.
There are sound reasons to suppose that it was the hedge funds who were behind bringing down the Pacific Rim 'Tiger' economies in 1998, and that this was not a bad thing for US economic hegemony. Is it that they are "arms-length" vehicles for US covert financial warfare, or is it that they are simply an expedient market force?
All eyes are now on the survival - or not - of the giant insurance consortium AIG. If that goes, then a trillion dollar whirlwind will blow through the financial markets.