From Mark Grant, author of Out of the Box and Onto Wall Street
The Firewall- An Irrelevancy
“Tough luck, Lonnehan. But that's what you get for playing with your head up your ass!”
-The Sting
There is noise and fluff and soap bubbles floating in the wind but don’t be distracted. Like so many things connected to the European Union it is just hype. In the first place do you think that any nation in Europe is actually going to put up money for the firewall no matter what size that they claim it will be? Let me give you the answer; it is “NO.” The firewall is just one more contingent liability that is not counted for any country’s financials, one more public statement of guarantee that everyone on the Continent hopes and prays will never be taken too seriously and certainly never used. Any rational person knows that some promise to pay in the future will not solve anything and it certainly won’t create some kind of magic ring fence around any nation. Think it through; what will it do to stop Spain or Italy from knocking at the door of the Continental Bank if they get in trouble and the answer is clearly nothing, not one thing. The firewall is just a distraction to lull all of you back to sleep and all of the headlines and discussion about it makes zero difference to any outcome and so is nothing more than a ruse. “Look this way please, do not look that way, pay no attention to the man behind the curtain, put up your money to buy our sovereign debt like a good boy and everything will be just fine.”
“Did you ever hear of a hustle called Two Brothers and a Stranger?”
-The Color of Money
The more that the 170 politicians in the 17 countries discuss the size of the firewall, whether Germany will guarantee more money or not, whether the old fund will be used in conjunction with the new fund; the more the scam is in play. It is a hustle organized by a very elegant set of grifters
http://www.zerohedge.com/news/mark-grant-explains-latest-european-con?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+zerohedge%2Ffeed+%28zero+hedge+-+on+a+long+enough+timeline%2C+the+survival+rate+for+everyone+drops+to+zero%29
Realist - Everybody in America is soft, and hates conflict. The cure for this, both in politics and social life, is the same -- hardihood. Give them raw truth.
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