It's raining, which means a segment of the population, probably quite legally in possession of a driving licence, drive incredibly slowly, even on a dual carriageway. The government has pressed into our heads that speed kills, but it doesn't. The real danger is disparity of speed, so when everyone else is doing 70-80 the guy doing 120 is a danger. But then so is the 45-50 brigade when the general flow is doing 70.
Anders Britvic, the complete fruit juice who thinks killing potential future politicians with whom he would have to disagree is a rational approach to problem solving, nevertheless says some things that make people uncomfortable, because you agree with the basics. Multiculturalism, as a creed is deliberately divisive and designed to undermine capitalist society.
It is an evil in itself, because it sets out to create fear and anger. Under multiculturalism, the Norwegian Nutter should be tolerated as his views are as valid as any other, apparently. In a law abiding society of course they are not. The only problem a multiculti could find with Anders would be that he is seems to be carrying a Right Wing label and as such can be hated. Ironically, he resorted to the left solution of force to make his political point.
I see the IMF, which seem to be one of many organisations employed solely to make daily predictions, based possibly on tea leaves, are now saying the Eurozone could provoke a Great Depression if it collapses. Of course both in existing and in self destructing the Euro does and will cause great harm, but it doesn't have to be like that.
If the EU politicians did what a decent human being would do and carefully took apart their monetary empire, we could all breathe easy. Plus, it would not only save us from a Great Depression but actually kick off a boom. Except for the politicians of course, who would 'suffer'. So it won't happen, because their feelings and power have to come first. I mean, could WW2 have ended because Hitler suddenly decided he was wrong? Suddenly realised he should consider how he was hurting other people?
I'm going to act like an expert now. An NHS 'think tank' (read 'pointless bureaucrats justifying large salaries') says that a minimum price for alcohol will save 1,000 lives. I think it will kill 10,000. I'm not going to explain how, or try to substantiate my point. I'm an expert.
MP's seem to think the messing around with the country's finances may have damaged the pensions of millions of Britons. Indeed. Partly, this is because of the £325 billion that has been printed. It crosses my mind that, had that money been given to ordinary people and not banks, then the pension crisis would be over and we would have money circulating in the economy more freely (with a dose of inflation though).
But no, it must be given to the other half of the inept cabal of bankers and politicians who caused the problem and, most likely are on course to do it again.
Tesco have issued a profits warning for the first time in 20 years. Last year they made over £1 billion profit. I wonder if that is more than all the suppliers put together made out of selling their wares to Tesco? I'm sure that a company cannot go on making more than last year forever, but the 'problem' at Tesco can be summed up in one word, arrogance.
Am I missing something? The looter who killed a man with a single punch has just been sentenced to 8 years in prison. And the man who set fire to a furniture shop got 11 and a half. The extent of the shop fire was severe because the police and fire service let it burn. We saw from aerial footage as it went up that the area was completely empty, no one about at all. I think his sentence is OK; it is the other one that puzzles me.
Showing posts with label Eurozone. Show all posts
Showing posts with label Eurozone. Show all posts
Wednesday, 18 April 2012
Thursday, 10 November 2011
Eurozone, A Designed Disaster
The Euro is the child of two maladjusted cultures. Firstly, France seeking hegemony in Europe as it always has, decided this was the ultimate trick to con sovereign nations. Secondly you have Germany. Economically powerful, it felt it had the right to control Europe and using a currency mechanism made absolute sense. The French of course, were happy for them to pay for the project.
What is kept out of the current news stories, even though this crisis is of monumental importance, is the fact that the whole problem is the Euro itself. Although France and Germany hoped putting a currency in place before political union (which actually means France running a European empire) would cause a crisis, it was supposed to be small scale and as soon as it emerged, the elites would say the only answer was union and that would be it. Job done.
However, on the back of a worldwide downturn, events are running out of control (although there is also the irony that, as the EU is so badly run it allowed these Southern European countries to lie about finances and generally be unreliable on tax collection). All the talk of bailouts and debt cancelling is to save the political EU, nothing else. France and Germany consider that they are able to tell Greece, Italy et al what to do. Introduce austerity measures, cancel democracy, don't hold referendums, all to support their politics.
But what these impoverished countries need to do is to float their currency and work and export their way out of crisis. In the Eurozone, they cannot do this, so the only way to balance the books is to raise taxes (and actually collect them) but don't spend anything on public services, just repay the French and German banks.
Is this the Europe we want, the one David Cameron cleaves to? A single nation, based on a Leninist style of rule by elites, a cadre of unelected technocrats of no discernible ability? The Euro is a much worse disaster than it was designed to be, not least because the desire behind it is one of empire-building greed, of megalomania. Unless France and Germany are faced down by strong politicians the future is bleak but predictable. But the world is dominated by centre-Left idiots like Cameron and Obama, with the scheming Chinese hovering in the background, helping the French to be stupid.
What is kept out of the current news stories, even though this crisis is of monumental importance, is the fact that the whole problem is the Euro itself. Although France and Germany hoped putting a currency in place before political union (which actually means France running a European empire) would cause a crisis, it was supposed to be small scale and as soon as it emerged, the elites would say the only answer was union and that would be it. Job done.
However, on the back of a worldwide downturn, events are running out of control (although there is also the irony that, as the EU is so badly run it allowed these Southern European countries to lie about finances and generally be unreliable on tax collection). All the talk of bailouts and debt cancelling is to save the political EU, nothing else. France and Germany consider that they are able to tell Greece, Italy et al what to do. Introduce austerity measures, cancel democracy, don't hold referendums, all to support their politics.
But what these impoverished countries need to do is to float their currency and work and export their way out of crisis. In the Eurozone, they cannot do this, so the only way to balance the books is to raise taxes (and actually collect them) but don't spend anything on public services, just repay the French and German banks.
Is this the Europe we want, the one David Cameron cleaves to? A single nation, based on a Leninist style of rule by elites, a cadre of unelected technocrats of no discernible ability? The Euro is a much worse disaster than it was designed to be, not least because the desire behind it is one of empire-building greed, of megalomania. Unless France and Germany are faced down by strong politicians the future is bleak but predictable. But the world is dominated by centre-Left idiots like Cameron and Obama, with the scheming Chinese hovering in the background, helping the French to be stupid.
Monday, 17 October 2011
Money, Money, Money
Well, the stupidity goes on. The Eurozone crisis continues to drag the whole world into its designed drama but no one thinks of doing anything positive about it. We hear of enormous sums of money being proposed as 'bailouts'. Greece may be technically bankrupt (as opposed to actually bankrupt, which it is) and Spain and Italy need extra funding. Why? Because the Euro is crippling their economies and the French and Germans will not cancel the Euro project as it may fatally wound the whole EU project.
The empire builders are not ready to do that and probably never will be. War would be better than admitting to a bad idea (and losing a carefully constructed empire). Ironically, the Chinese are playing the Franco/German game now. They are offering to buy up European infrastructure and provide funds to keep the Eurozone going. That's nice of them, isn't it?
Of course the Chinese have a history of dealing with the EU, so are acutely aware how stupid they are (the Chinese underwrote the GPS system the EU is trying to threaten US with). The Chinese see two reasons for providing this support. Firstly, they will gain control of key segments of European infrastructure which they can milk or wreck as they see fit (much as UK infrastructure is mainly in foreign hands who then put bills up massively) and secondly, if they keep the Euro going, it will do the maximum damage possible to the whole Western economy.
These new wars are not killing so many people (yet) but they certainly are devastating in their way. Will some politicians wake up, or is this cycle now entrenched and we wait to see where the real fighting starts?
The empire builders are not ready to do that and probably never will be. War would be better than admitting to a bad idea (and losing a carefully constructed empire). Ironically, the Chinese are playing the Franco/German game now. They are offering to buy up European infrastructure and provide funds to keep the Eurozone going. That's nice of them, isn't it?
Of course the Chinese have a history of dealing with the EU, so are acutely aware how stupid they are (the Chinese underwrote the GPS system the EU is trying to threaten US with). The Chinese see two reasons for providing this support. Firstly, they will gain control of key segments of European infrastructure which they can milk or wreck as they see fit (much as UK infrastructure is mainly in foreign hands who then put bills up massively) and secondly, if they keep the Euro going, it will do the maximum damage possible to the whole Western economy.
These new wars are not killing so many people (yet) but they certainly are devastating in their way. Will some politicians wake up, or is this cycle now entrenched and we wait to see where the real fighting starts?
Wednesday, 28 September 2011
Is This Just Pandering To Politicians Egos?
The single European currency cannot work and should never have been installed. Of course, it could work if the whole of Europe was a totalitarian superstate, with wealth shifted around to support corrupt and failing regions. A bit like Labour did with Britain; no attempt to cure problems just tax and spend (on friends).
Naturally, a European superstate is the whole point of setting up the EU in the first place. But the genius of the people running it from the outset has also been their downfall. The genius centres around the pragmatic realisation that a construct, serving only the political class would never be accepted by the electorates and cancelling national democracy first couldn't be achieved either. This all had to be done by stealth.
Stealth in politics means lies and so Edward Heath did his best pre-cursor of Blair role in lying about joining the 'Common Market'. It always seemed far away and foreign so we pretty much ignored it and let the politicians play their games. Now we find that they were deadly serious and deadly dangerous. Trying to keep it quiet meant that the single nation had to wait, but the single currency would make it inevitable.
Once the crisis occurred that was the only outcome of a single Europe wide currency, then the technocrats could step up and say, 'well, the only solution is to make the whole of Europe one country'. It isn't of course, but it is the desired outcome of those pronouncing on it. When Argentina pegged their currency to the dollar and the economy went to pot, did they say, 'oh well, I suppose we must become part of the US'? No, they broke the link.
The worldwide financial crisis that is being fed by the US and its refusal to put proper checks on state spending and reduce taxes, is being exacerbated by the entirely artificial crisis in the Eurozone. Don't forget, the Euro is not only wrong for the Greek economy (and Irish, Portuguese, Spanish, Italian....), the EU itself created the environment in which corruption could flourish.
And don't misunderstand; these are not just bad political decisions, or dodgy ideology. No, these are crimes and as we saw with Blair here in the UK, when the people who run the show are messing up, even a democracy struggles to deal with them. The EU is not, never has been and was never intended to be a democracy. So how do we get rid of them....? We stop paying them.
Naturally, a European superstate is the whole point of setting up the EU in the first place. But the genius of the people running it from the outset has also been their downfall. The genius centres around the pragmatic realisation that a construct, serving only the political class would never be accepted by the electorates and cancelling national democracy first couldn't be achieved either. This all had to be done by stealth.
Stealth in politics means lies and so Edward Heath did his best pre-cursor of Blair role in lying about joining the 'Common Market'. It always seemed far away and foreign so we pretty much ignored it and let the politicians play their games. Now we find that they were deadly serious and deadly dangerous. Trying to keep it quiet meant that the single nation had to wait, but the single currency would make it inevitable.
Once the crisis occurred that was the only outcome of a single Europe wide currency, then the technocrats could step up and say, 'well, the only solution is to make the whole of Europe one country'. It isn't of course, but it is the desired outcome of those pronouncing on it. When Argentina pegged their currency to the dollar and the economy went to pot, did they say, 'oh well, I suppose we must become part of the US'? No, they broke the link.
The worldwide financial crisis that is being fed by the US and its refusal to put proper checks on state spending and reduce taxes, is being exacerbated by the entirely artificial crisis in the Eurozone. Don't forget, the Euro is not only wrong for the Greek economy (and Irish, Portuguese, Spanish, Italian....), the EU itself created the environment in which corruption could flourish.
And don't misunderstand; these are not just bad political decisions, or dodgy ideology. No, these are crimes and as we saw with Blair here in the UK, when the people who run the show are messing up, even a democracy struggles to deal with them. The EU is not, never has been and was never intended to be a democracy. So how do we get rid of them....? We stop paying them.
Wednesday, 14 September 2011
The Eurozone - A Fairytale Of Our Time
When the gross incompetence of Gordon Brown was finally realised, he puffed himself up and blamed the bankers for our troubles. They had, he said acted irresponsibly and they had taken unacceptable financial risks. For good measure he added that the crisis was caused by America. So pretty much anyone but the guy who had acted irresponsibly by borrowing recklessly and in so doing had taken reckless financial risks with the entire nations wealth.
But he was partly right of course, that the decision by the Clinton administration to force mortgage providers, by law to extend loans to people who hadn't 'traditionally' been able to afford them, was the root cause of the crisis. Because they not only couldn't 'traditionally' afford these mortgages, they couldn't in reality either. Add in suicidal risk taking by greedy corporate bankers and hey presto! an entirely predictable crash that was a shock to the bankers and regulators alike.
In effect, these extremely stupid people had bought a parking lot full of cars, many of which were on fire. 'That's OK' they assured themselves, 'the profit we make on the good ones will cover those on fire.' Then they watched the fire spread until the whole lot was gone. 'Oh well, I'd better ask my old mate Mr Politician to give me a sackful of cash, for no justifiable reason and with no strings attached', was the resigned sigh on the banker.
Now it is payback time and American politicians are accusing the Eurozone of continuing, exacerbating and feeding the world wide economic crisis. A charge that cannot be denied. Take Angela Merkel. On the face of it she is a German politician representing the best interests of Germans. So when she stands up and pronounces on the latest measures to control the financial crisis, she is doing the best for her country and the wider community of nations, we all being reliant on each other in this financially interconnected world, of course.
But no, Merkel is in actual fact supporting only a small cabal of EU politicians, of which she is one and the technocrats behind them who run the EU. Greece is in trouble and that trouble is caused by the Euro. And they cannot grow their way out of trouble, because of the Euro, so huge bailouts of EU cash (much of it German) is passed to the Greeks. It doesn't really help as the problem is systemic -the Euro, but it tides them over. That the bailouts are illegal under EU law seems to be overlooked.
Here is the logic Merkel and all of the 'top table' EU politicians are working to; if the EU were a single nation then the Greek crisis could be contained the same as the disparity between North and South in the UK. But that means setting up a superstate called Europe, centrally run and with a single set of laws and taxes, which amazingly also happens to be what the whole project was set up to achieve. So a crisis caused by the politicians and that cannot be cured without Union, will result in what the politicians have wanted all along. Ever felt you are being played?
The tiny, insignificant fly in the ointment is that the people of Europe do not want this solution, but what EU politician ever thought that what the people wanted was important?! If these politicians grant themselves the present they have always wanted, there is no guarantee that the world economic recession they are currently exacerbating, will end. That can be achieved though, by simply throwing the whole idea of a united Europe into the same bin in which currently resides the last great soviet project. It is funny how authoritarian communism, no matter how it tries to disguise itself always implodes. Maybe, it is just a bad idea, don't you think?
But he was partly right of course, that the decision by the Clinton administration to force mortgage providers, by law to extend loans to people who hadn't 'traditionally' been able to afford them, was the root cause of the crisis. Because they not only couldn't 'traditionally' afford these mortgages, they couldn't in reality either. Add in suicidal risk taking by greedy corporate bankers and hey presto! an entirely predictable crash that was a shock to the bankers and regulators alike.
In effect, these extremely stupid people had bought a parking lot full of cars, many of which were on fire. 'That's OK' they assured themselves, 'the profit we make on the good ones will cover those on fire.' Then they watched the fire spread until the whole lot was gone. 'Oh well, I'd better ask my old mate Mr Politician to give me a sackful of cash, for no justifiable reason and with no strings attached', was the resigned sigh on the banker.
Now it is payback time and American politicians are accusing the Eurozone of continuing, exacerbating and feeding the world wide economic crisis. A charge that cannot be denied. Take Angela Merkel. On the face of it she is a German politician representing the best interests of Germans. So when she stands up and pronounces on the latest measures to control the financial crisis, she is doing the best for her country and the wider community of nations, we all being reliant on each other in this financially interconnected world, of course.
But no, Merkel is in actual fact supporting only a small cabal of EU politicians, of which she is one and the technocrats behind them who run the EU. Greece is in trouble and that trouble is caused by the Euro. And they cannot grow their way out of trouble, because of the Euro, so huge bailouts of EU cash (much of it German) is passed to the Greeks. It doesn't really help as the problem is systemic -the Euro, but it tides them over. That the bailouts are illegal under EU law seems to be overlooked.
Here is the logic Merkel and all of the 'top table' EU politicians are working to; if the EU were a single nation then the Greek crisis could be contained the same as the disparity between North and South in the UK. But that means setting up a superstate called Europe, centrally run and with a single set of laws and taxes, which amazingly also happens to be what the whole project was set up to achieve. So a crisis caused by the politicians and that cannot be cured without Union, will result in what the politicians have wanted all along. Ever felt you are being played?
The tiny, insignificant fly in the ointment is that the people of Europe do not want this solution, but what EU politician ever thought that what the people wanted was important?! If these politicians grant themselves the present they have always wanted, there is no guarantee that the world economic recession they are currently exacerbating, will end. That can be achieved though, by simply throwing the whole idea of a united Europe into the same bin in which currently resides the last great soviet project. It is funny how authoritarian communism, no matter how it tries to disguise itself always implodes. Maybe, it is just a bad idea, don't you think?
Wednesday, 31 August 2011
The Euro
Governments, if they want you to know anything at all, will try to make sure that your view is from the perspective of their choice. Hence there is a 'eurozone crisis' but it is being dealt with. But there isn't really a eurozone crisis is there? There most certainly is a crisis in the eurozone, but it is an EU crisis, because that is the root cause.
Having a single currency across multiple countries was never going to work (and the eurocrats knew it, they just thought it would cause the countries to succumb to EU hegemony, such as they now are), just as countries have in the past tied their currency to the dollar and then couldn't sustain it.
The crisis is that the EU doesn't work, that the rules and regulations it spouts are just about political control and power and not good sense or even reality, but that they will not stop. It is like suggesting that it was the bullets and shells that were to blame for the Second World War, not the ideology and mental derangement of Adolf Hitler.
The EU doesn't work. It is as simple as that and the toy we have tolerated for so long is now dangerous and threatening us all. Our baby crocodile is no longer the entertaining plaything it may once have been supposed. The EU doesn't work and it won't stop. It has the power of a USSR and the ideology of the Nazi party and just like those it seeks to grab land, to build an empire. Who will stop it? It has been likened to the Emperor with no clothes, but it is not a fairy tale, it is a dangerous, warlike entity, that may soon have to decide what to do when denied its 'due'. Just as Hitler did, when he decided it was 'Poland next'.
What if Greece or Portugal, or Ireland decide that they don't want to allow the EU to buy their country, to invade with their bailout armies, what will they do? Will they accept it or fight it?
Having a single currency across multiple countries was never going to work (and the eurocrats knew it, they just thought it would cause the countries to succumb to EU hegemony, such as they now are), just as countries have in the past tied their currency to the dollar and then couldn't sustain it.
The crisis is that the EU doesn't work, that the rules and regulations it spouts are just about political control and power and not good sense or even reality, but that they will not stop. It is like suggesting that it was the bullets and shells that were to blame for the Second World War, not the ideology and mental derangement of Adolf Hitler.
The EU doesn't work. It is as simple as that and the toy we have tolerated for so long is now dangerous and threatening us all. Our baby crocodile is no longer the entertaining plaything it may once have been supposed. The EU doesn't work and it won't stop. It has the power of a USSR and the ideology of the Nazi party and just like those it seeks to grab land, to build an empire. Who will stop it? It has been likened to the Emperor with no clothes, but it is not a fairy tale, it is a dangerous, warlike entity, that may soon have to decide what to do when denied its 'due'. Just as Hitler did, when he decided it was 'Poland next'.
What if Greece or Portugal, or Ireland decide that they don't want to allow the EU to buy their country, to invade with their bailout armies, what will they do? Will they accept it or fight it?
Friday, 26 August 2011
Eurozone? Danger Zone
Everyone who wasn't an involved politician pointed out that setting up a European currency couldn't work, at the outset. There was no central control ('there will be baby, there will be' said the politicians) so individual countries did their individual thing tied to a currency set at a level that suited Germany. They were the bankers of this European project (or suicide pact) after all.
In the background was the potential for upset with their neighbour, the French, with each having already threatened war if the other does not step aside on the issue of who actually runs the EU. But the most important problem was the difficulties facing nations that were not Germany. Like Brown in the UK, most Treasuries around Europe decided to ignore fiscal reality and hope the mess they could clearly see would somehow, miraculously sort itself out. Or that daddy Germany would bail them out.
Britain had stayed out of the Euro project and Labour made great claims for their skill in this respect, with Balls and Brown both claiming it was they and they alone who understood and foresaw the problems. Naturally, Labour wanted in desperately and only fear of the people at the polls held them back. Power after all was their exclusive reason for being there and their drug.
So having retained some ability to control our own destiny, we could watch the Eurozone slowly melt. It is clear now that the fecklessness of Greece in particular was due to Greek politicians feeling that all responsibility had been removed from their shoulders and so they just partied. Hard. Similarly, Ireland, Spain and Portugal all came to dislike the EU when the subsidies dried up.
The answer to the current crisis (entirely of their own making) in the minds of EU politicians is to seize control of all Eurozone countries, to run them from the centre. But what centre? Germany has been providing the money but the French feel that they are uniquely gifted in the art of running things and it cannot be foreseen that they would let German hegemony reign in a United Europe, in the final creation of the the new USSR.
So now, I fear we have the horrific confluence of economic instability, power grabs over sovereign nations and the old argument over who should run Europe. This is a mighty driver for a new European war, instigated by the usual suspects France and Germany. And in this regard, the recent rise in militaristic activity by the French is alarming. Their military equipment development has been accelerating and they have been aggressively showing it off to the world, partly to achieve international sales, but also for martial display. This is a clear signal of a nation that thinks it may face a challenge and that has steeled itself for conflict.
The EU has been seen, particularly in Britain as a silly bauble, a corrupt group of, in the main, useless politicians playing a grand game of Risk. They could be left alone to their big salaries, pensions, subsidised shopping and all the other contrivances that they have created, emulating the power clique of the old Soviet Union and its two class system; the powerful and the workers. But it is a dangerous construct and these people, so long treated as children to be ignored have built a monster.
The days of lazy politicians are over and yet that is still all we have. Is the luxury of our Titanic about to meet the colossal dead weight of the EU iceberg? Is the status of Alsace-Lorraine once more of concern in the minds of stupid, but powerful people? Britain could be the country to bring the world to its senses, having seen it all before. But that would require a politician of Churchillian proportions and last time I looked we have only something less than Chamberlains.
In the background was the potential for upset with their neighbour, the French, with each having already threatened war if the other does not step aside on the issue of who actually runs the EU. But the most important problem was the difficulties facing nations that were not Germany. Like Brown in the UK, most Treasuries around Europe decided to ignore fiscal reality and hope the mess they could clearly see would somehow, miraculously sort itself out. Or that daddy Germany would bail them out.
Britain had stayed out of the Euro project and Labour made great claims for their skill in this respect, with Balls and Brown both claiming it was they and they alone who understood and foresaw the problems. Naturally, Labour wanted in desperately and only fear of the people at the polls held them back. Power after all was their exclusive reason for being there and their drug.
So having retained some ability to control our own destiny, we could watch the Eurozone slowly melt. It is clear now that the fecklessness of Greece in particular was due to Greek politicians feeling that all responsibility had been removed from their shoulders and so they just partied. Hard. Similarly, Ireland, Spain and Portugal all came to dislike the EU when the subsidies dried up.
The answer to the current crisis (entirely of their own making) in the minds of EU politicians is to seize control of all Eurozone countries, to run them from the centre. But what centre? Germany has been providing the money but the French feel that they are uniquely gifted in the art of running things and it cannot be foreseen that they would let German hegemony reign in a United Europe, in the final creation of the the new USSR.
So now, I fear we have the horrific confluence of economic instability, power grabs over sovereign nations and the old argument over who should run Europe. This is a mighty driver for a new European war, instigated by the usual suspects France and Germany. And in this regard, the recent rise in militaristic activity by the French is alarming. Their military equipment development has been accelerating and they have been aggressively showing it off to the world, partly to achieve international sales, but also for martial display. This is a clear signal of a nation that thinks it may face a challenge and that has steeled itself for conflict.
The EU has been seen, particularly in Britain as a silly bauble, a corrupt group of, in the main, useless politicians playing a grand game of Risk. They could be left alone to their big salaries, pensions, subsidised shopping and all the other contrivances that they have created, emulating the power clique of the old Soviet Union and its two class system; the powerful and the workers. But it is a dangerous construct and these people, so long treated as children to be ignored have built a monster.
The days of lazy politicians are over and yet that is still all we have. Is the luxury of our Titanic about to meet the colossal dead weight of the EU iceberg? Is the status of Alsace-Lorraine once more of concern in the minds of stupid, but powerful people? Britain could be the country to bring the world to its senses, having seen it all before. But that would require a politician of Churchillian proportions and last time I looked we have only something less than Chamberlains.
Friday, 5 August 2011
The EU, No Longer A Disaster Waiting To Happen
It is absolutely incredible, but with a global banking crisis having tilted the financial world's spin, the EU continues to insist that politics of power are far more important than people's lives or in fact reality. The Eurozone has a one size fits all currency, so when one country is struggling and needs it's currency to fall in value it can't. Which is why we see the overdrawn countries in Europe now in such dire peril. Yes the Greeks got their economy spectacularly wrong, with careless, reckless and criminal activities but because they are not a sovereign nation any more they cannot rescue themselves. Greece and all the other countries of the EU cannot work their way out of trouble. They cannot say 'oh well, it was nice while it lasted' and get back to the grindstone. They are hamstrung with an interest rate set for the benefit of Germany and France, in particular. Strong economies in other words.
Let us put it in a real world setting. If Greece suddenly started making cars that were as desirable and well made as BMW's (I know, but just go with it for the analogy) and they still had the Drachma, Germans would be queuing up to buy them as they would be as good but much cheaper than the home produced product. But the Germans are protected from this (admittedly unlikely) situation as they control the Eurozone economy and can stop the Greeks undercutting them. And the Greeks cannot do anything about it because they are politically controlled from Brussels. I wonder if that was ever explained to the Greek people? May be it was, because they were taking so much out of the EU it was worth being a member. But we in Britain are certainly not told what our politicians are agreeing to because there is absolutely no way more than a small percentage of dreamers would vote for it.
So we have the spectacle of EU politicians meeting to discuss the crisis engulfing Europe and the man in street assumes they are seeking ways to stop all the bailouts. But in fact they are only interested in how they save the Euro, which is why they get the bailouts. The Emperor has strutted around with no clothes on for some time now and people are beginning to notice. The very fact that they are addressing the wrong issues is what is making the situation worse. The strategy so far has been to blame the banking crisis and hope it sorts itself out. But it is the straitjacket of the Euro that is destroying the stability of these countries and indeed it was the promise of free money that led them into such fiscal laxity in the first place. Lying about the situation hasn't worked, what will they try next? Nothing to save the nation states you can bet, but everything for their own power at the centre. The European Union of Socialist Republics is falling apart as did their model before them. I suppose we have to ask in extremis will the problems we face today lead to another European war, as France and Germany realise their dreams of empire are slipping away?
Let us put it in a real world setting. If Greece suddenly started making cars that were as desirable and well made as BMW's (I know, but just go with it for the analogy) and they still had the Drachma, Germans would be queuing up to buy them as they would be as good but much cheaper than the home produced product. But the Germans are protected from this (admittedly unlikely) situation as they control the Eurozone economy and can stop the Greeks undercutting them. And the Greeks cannot do anything about it because they are politically controlled from Brussels. I wonder if that was ever explained to the Greek people? May be it was, because they were taking so much out of the EU it was worth being a member. But we in Britain are certainly not told what our politicians are agreeing to because there is absolutely no way more than a small percentage of dreamers would vote for it.
So we have the spectacle of EU politicians meeting to discuss the crisis engulfing Europe and the man in street assumes they are seeking ways to stop all the bailouts. But in fact they are only interested in how they save the Euro, which is why they get the bailouts. The Emperor has strutted around with no clothes on for some time now and people are beginning to notice. The very fact that they are addressing the wrong issues is what is making the situation worse. The strategy so far has been to blame the banking crisis and hope it sorts itself out. But it is the straitjacket of the Euro that is destroying the stability of these countries and indeed it was the promise of free money that led them into such fiscal laxity in the first place. Lying about the situation hasn't worked, what will they try next? Nothing to save the nation states you can bet, but everything for their own power at the centre. The European Union of Socialist Republics is falling apart as did their model before them. I suppose we have to ask in extremis will the problems we face today lead to another European war, as France and Germany realise their dreams of empire are slipping away?
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