News reports have suggested the sudden "worldwide market meltdown" was the fault of the United States : our defense budget,the sub-prime mortgages,and (of course) those greedy corporate Neo-cons "engorging themselves on the blood of the People". (Boo-hiss !!)
Now a new factor comes to light: a multi-billion dollar trading fraud - carried out in France by "one rogue trader".
It is the largest trading fraud the world has ever seen , and the French have been scrambling frantically - but very quietly- to undo the massive damage done, and to prevent the collapse of their entire market system.
There is some mystery as to why this "rogue trader" carried out this massive attack on the system: news accounts say he did not gain personally.
If he did not gain personally ....who did ? And why ?
There is one person who comes to mind: a man who has dedicated himself to the overthrow of governments and the undermining of currencies; a man who-even now-is attempting - through a rat's nest of "high-minded" foundations-attempting to destabilize our own government.
I'm not going to name him -although he is a very well-known public figure. Quite bluntly,he is protected by regiments of lawyers,and I have no desire to spend the rest of my life dealing with civil litigation.
The French know who he is, I'm sure-because they have dealt with him before-to his sorrow-which may be why this fraud was carried out in France.
Somehow, when I think of "world market meltdowns", it is this thoroughly evil man who comes to mind: not US sub-prime mortgages !
THIS JUST IN : http://news.yahoo.com/s/nm/20080124/ts_nm/socgen_markets_dc
Reuters is now reporting the French debacle (good French word there) might have been the trigger of the meltdown.