Rickards: “Euro Creators Want to Force Common Fiscal Control” And Centralized Government

• Rickards: “Euro Creators Want to Force Common Fiscal Control”
  by Henry Bonner, http://dailyreckoning.com/  
  The Greek crisis is no accident, says Jim Rickards, but is part of a long-running plan to bring Europe under central control. 
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  Jim was general council at Long-Term Capital Management, a hedge fund that made massively levered bets in the late 90’s and eventually went south, exposing banks to over $1 trillion in potential losses. He was involved in negotiating a bailout in the aftermath.
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  The CIA has called on Jim to help investigate how stock markets might indicate impending threats. He’s the author of Currency Wars and The Death of Money, and will be attending the Sprott-Stansberry Vancouver Natural Resource Symposium – which begins next week.
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  Jim has a new book, The Big Drop, available only to subscribers of his paid newsletter. You can find out more about it here. What can Jim tell us about the Eurozone crisis and the outcome of Greece’s bailout talks?
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  Henry Bonner: Jim, you were personally involved in negotiating the bailout of Long-Term Capital Management. Do you have any insights on the recent talks between Greece and the European Central Bank?
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  Jim Rickards: Yes, in all of these huge financial crises – whenever you are one of the responsible parties or on a team trying to negotiate a bailout – they all have certain things in common.
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  Of course, the amounts, the creditors, and the borrowers vary from case to case. Whether it was the bailout of LTCM in 1998, the rescue of Lehman Brothers, Bear Stearns or AIG in 2008, or the bailout of Greece in 2015, there are particularities but they all have similar dynamics.
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  read more.

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