UPDATED: Uh oh: "Preserving the EU from the Destruction of the Euro" (Europe’s Banking System Could End Up Shut for Days)

I'm not sure what to make of this so I'll let Economic Policy Journal do the intro:

Dr. Pippa Malmgren has just posted on her web site her latest analysis of the eurozone crisis. I will point out, again, what I have pointed out in the past. They don't get more insider than Malmgren.

She served as financial market advisor in the White House and on the National Economic Council from 2001-2002, where she was responsible for financial market issues. She founded Malmgren and Company, in London, England in 2000 and was previously the Deputy Head of Global Strategy at UBS and the Chief Currency Strategist for Bankers Trust. She headed the Global Investment Management business for Bankers Trust in Asia. She has an M.Sc. and Ph.D. from the London School of Economics. She completed the Harvard Program on National Security. The World Economic Forum named Malmgren a Global Leader for Tomorrow, in 2000. She is also a member of the Council on Foreign Relations, Chatham House, the Economic Club of New York and the Institute for International Strategic Security. And she was the liaison between the Treasury and the President's Working Group on Financial Markets, aka, The Plunge Protection Team.

Her client list is completely amazing. She is advising every elitist corporation on the globe. Take a look.

So what is she advising them....MORE

Update: EPJ has a second post on Malmgren:
Insider: The US is Defaulting on its Debt, But There's Money in the Sewage

At the very bottom of her piece, dated November 11 but publicly posted today is:

...The greatest policy mistake now building in the system is this: policymakers will confuse the temporary fall in commodity prices with a permanent reduction of inflation pressures: China, India, Australia come to mind. I think the opposite will turn out to be true. The recent crisis caused commodity prices to fall somewhat but the production constraints are now worse than ever due to lack of bank lending and working capital. So, commodity prices jump back up again very fast. This means central banks especially in emerging markets may start easing way too soon. I bet inflation pressures worldwide are barely beginning....

Uh oh.