Recommended daily allowance of insanity, under-reported news and uncensored opinion dismantling the propaganda matrix.
Yesterday’s three card monte of overdetermined elections produced two coups and one wild card, all in the name of sovereignty. What remains to be seen is whether the fiction of sovereignty can sustain the very different outcomes in Egypt, France and Greece, a result that will be determined as much in the bond market as in any political process. Take away sovereign debt, however, and the world market fantasy comes undone.
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