Posted on 10/18/2016 10:41:46 AM PDT by Lorianne
The European Union is eroding from its periphery and it is collapsing in pieces even in Germany and France. It is highly fragile and if real recessionary winds blow the EU will start to crumble at a faster pace.
We say the faster, the better.
The bureaucrats are clinging to the dream, but the dream has morphed into something very different for many in Europe. We can’t say that we’re disappointed.
From The Telegraph)
“The Stability and Growth Pact has more or less failed. Market discipline is done away with by ECB interventions. So there is no fiscal control mechanism from markets or politics. This has all the elements to bring disaster for monetary union.
“The no bailout clause is violated every day,” he said, dismissing the European Court’s approval for bailout measures as simple-minded and ideological…
…Cloaking it all is obfuscation, political mendacity and endemic denial. Leaders of the heavily indebted states have misled their voters with soothing bromides, falsely suggesting that some form of fiscal union or debt mutualisation is just around the corner…
…Prof Issing slammed the first Greek rescue in 2010 as little more than a bailout for German and French banks, insisting that it would have been far better to eject Greece from the euro as a salutary lesson for all. The Greeks should have been offered generous support, but only after it had restored exchange rate viability by returning to the drachma.
(Excerpt) Read more at againstcronycapitalism.org ...
Otmar Issing is a truly decent man. Also was a champion sprinter in the 1950s.
Anyone with a half-dozen functioning brain cells could see this coming. GLOBALIZATION is a conspiracy of the ultra-rich and their “elite” hangers-on. Its success depended on a world-wide takeover and loss of citizen rights and freedom, before the hoi polloi caught on to the conspiracy. Economic failure and the internet facilitated the demise of the GLOBALISTS.
That is one of the reasons why the Facists, Statists, and Globalists want to eliminate our access to the internet.
We have more information because of the internet,
and we are no longer dependent on the talking heads who tell us only what they want us to know.
All this came about when the EU decided to allow muslims into the country. The breakdown will only accelerate with time.
Of course, America has learned nothing from the European disaster.
The WEST has this great desire to die by muzzie.
All this came about when the EU decided to allow muslims into the country. The breakdown will only accelerate with time.
Of course, America has learned nothing from the European disaster.
The WEST has this great desire to die by muzzie.
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