Notes From Underground: CNBC-EU Crisis Plan Boosts Euro, Stocks

Yra Harris on CNBC

Click on image to watch Yra discuss the EU crisis plan.

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2 Responses to “Notes From Underground: CNBC-EU Crisis Plan Boosts Euro, Stocks”

  1. Julius Says:

    Great video and insights from you as usual.

    One question that arised watching this video is the following:

    What does it mean if Jim Rickards says “Goldman Sachs can create Shorts faster than Europe can create money” and that today you can break a country , you dont need money ,you just need synthetic euroshorts or CDS”

    Please explain

    Thanks for everything you give us

    Best Regards

    Julius

  2. yra Says:

    He wants the world to believe that the world’s central banks are helpless because of the leveraged nature of the derivatives market–but that is a fallacious argument for a sovereign entity can tax these concerns out of existence—-hedge funds should not be so smug as listen to people like merkel and Jouyet for that is not empty rhetoric—i don’t agreewith Rickards assessment

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