tag:blogger.com,1999:blog-6412381.post3583178939962602898..comments2024-03-26T15:38:24.963-04:00Comments on BETWEEN THE HEDGES: Today's HeadlinesUnknownnoreply@blogger.comBlogger1125tag:blogger.com,1999:blog-6412381.post-19634621975423729492013-06-18T16:22:36.351-04:002013-06-18T16:22:36.351-04:00Thanks for the Reuters reports Euro zone must agre...Thanks for the Reuters reports Euro zone must agree bank recaps on Thursday - EU's Rehn says. <br /><br />Such is an impossible task, it simply is not going to happen this week. And an inquiring mind asks, just who is going to recapitalize these insolvent financial institutions.<br /><br />It is sovereignty that provides seigniorage. Insolvent sovereigns, that is the PIIGS, and their insolvent banks, cannot provide seigniorage. <br /><br />Democratic nation states stand as ghost governments on the windswept landscape of Liberalism's paradigm of nation investment. <br /><br />Out of a soon coming credit bust, and global financial system breakdown,regional governance and totalitarian collectivism will rise to provide regional security, stability and sustainability in the Eurozone.<br /><br />The traditional rule of law, that came by national legislation and constitutional provision will be replace by the rule of sovereign regional nanny crats and sovereign regional bodies such as the ECB theyenguyhttps://www.blogger.com/profile/08515095308836729043noreply@blogger.com