Webster Tarpley: Greece 29 April 2010: Hedge funds and banks intend to devour modern civilization rt.com Financial markets were in turmoil on Wednesday after the International Monetary Fund warned that more countries could be sucked into Greece’s mounting debt crisis. The euro hit a one-year low against the dollar as Spain joined both Greece and Portugal in having its credit rating slashed. This has led to European leaders finally acknowledging the gravity of a downward financial spiral set off by Greece. The talk now is of a bailout package for Athens worth €100-120 billion over three years. However, there is the fear that Europe could still fail in tackling its deficit crisis which means it could spread to the US and cause a second wave of the economic crisis. Investigative journalist Webster Tarpley stressed that a possible second wave of a crisis is much less a matter of economic fundamentals than it is a commitment of a group of hedge funds and banks to a kind of wolf pack attack of sovereign debts of a series of countries. Read more They use derivatives to do these attacks. They use credit default swaps to do it, Tarpley said, adding that credit default swaps are being used against Greece, Portugal, Spain and Italy. Tarpley believes that Great Britains position is also very vulnerable. According to the journalist, credit default swaps could even be used against the United States. You can create a great deal of panic with a very small push and then you can bring down …

Webster Griffin Tarpley on GCN hosting World Crisis Radio, 23rd May 2009. Related links: www.tarpley.net http www.obamacrimes.com Podcast Download: gcnlive.com Recommended: american_almanac.tripod.com

Webster Griffin Tarpley on GCN hosting World Crisis Radio, 7 March 2009. Related links: www.gcnlive.com www.tarpley.net http www.obamacrimes.com Sketch by Pamorim pamorim.deviantart.com

Webster Griffin Tarpley on GCN hosting World Crisis Radio, 13th June 2009. Related links: www.tarpley.net http www.obamacrimes.com Podcast Download: gcnlive.com Recommended: american_almanac.tripod.com

Webster Griffin Tarpley on GCN hosting World Crisis Radio, 30th May 2009. Related links: www.tarpley.net http www.obamacrimes.com Podcast Download: gcnlive.com Recommended: american_almanac.tripod.com