Posted on 05/07/2012 6:35:12 AM PDT by SeekAndFind
Socialist candidate Francois Hollande has won the French election as expected. His high-tax, pro-stimulus, welfare-state-protection platform, in effect, scuttles the Eurozone rescue program engineered by Merkel and a reluctant Sarkozy.
Hollande’s election leaves the European Union with three stark choices, none of which are good: 1) Germany and the European Central Bank cave and bail out any and all debtor countries under the cover of some fictitious future fiscal discipline, or 2) The Eurozone countries muddle along from one band-aid fix to the next as the bond vigilantes breathe down their necks while they hope to catch a break, or 3) Germany and the Nordic states withdraw from the Eurozone to their own currency. The rest of the Eurozone can stay on the devalued Euro or revert to their own currencies.
My guess is that the muddle-along approach will be selected by default. No one is prepared for drastic action at this time. The Germans and Nordic states do not want to bear the brunt of the Euro bonds that they must guarantee for the bail outs. The European Central Bank is reluctant to abandon its single inflation-fighting mandate. The breaking up of the Eurozone takes all of Europe into uncharted territory.
The European Union has finally hit a brick wall. It had hoped to repair a flawed foundation with an enforceable austerity fiscal pact, but it can no longer do so. Major European Union actions require evidence of popular support such as elections. The electorates, we see from the French election and the poor showing of the two major parties in today’s Greek vote, will not support even a whiff of real austerity.
(Excerpt) Read more at forbes.com ...
The parasites outnumber the hosts, and there is a complete disconnect with reality - - the socialists have run out of other people’s money.
Keep the popcorn handy. This is going to get hilarious - - to those of us who are prepared, and have hunkered down with guns, ammo, fertile land, big dogs, and precious metals.
Great post!
I love stories about successful people “voting with their feet”.
Taxing the rich, particularly with those odious wealth taxes that France imposes, is a powerful incentive for tax relief emigration.
Good time to be a real estate agent in Monaco.
Auf weidersehen — I think that’s how it’s spelled.
Time to bring out those books on how to learn German!
When in the world’s history has a parasite learned to restrain itself lest its host collapse to its own demise?
Real virulence comes when a parasite or pathogen ‘jumps hosts’ and doesn't “know” how to restrain itself in its new host. Those super virulent variations tend to kill themselves off with the host - until a few generations later the parasite or pathogen has ‘made the jump’ and now lives inside the host without as much harm.
That being said - I don't think society can as easily suffer through the same natural selection as fast reproducing parasites or pathogens.
What needs to change is minds and policies.
The funniest part of this is the world is advocating civil, ethical and reasonable treatment of one another. I wonder if that will prevail in the next year or two.
After watching Obama inspire about thirty hate crimes and a race based show trial in the Trayvon race bait case and threaten the country with race war, we can not be called a society concerned about ethics or human rights. The globalist elite in America hate white Americans like the elite in Europe hate white Europeans. The treasonous “citizens of the world” might get the tables of hate turned back on themselves in Europe. It’s a mess.
To mix a metaphor: 
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