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MrRodgers -> RE: Europe is crumbling (11/24/2011 4:44:54 PM)
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quote:
ORIGINAL: Politesub53
quote:
ORIGINAL: Sanity
The European Union stands little chance
EU demands right to dictate national budgets
I clearly recall how many leftists bragged up the supposed "worlds new powerhouse" as it was forming, looks like all the bragging was premature
Clearly you dont recall too much at all. The EU wasnt just set up by the left, but also by the right. It was Ted Heath who took Britain into the EU and you dont get much more right wing than that.
Nobody I have spoken too, and indeed few who speak in the media, think that the collapse of the EU is a good thing. Many of us dont like the way it is going, with merkel and sarkozy pushing for greater ties ( while at the same time holding differing views on the ECB. France takes the same view as the UK and the USA that the ECB should be the bank that bails out the Euro, Merkel thinks it should be the IMF.
Last week our Prime Minister told Merkel Britain wont agree to that idea, or to any changes to the EU treaty. Infact ten of the twenty seven EU countries are not in the Eurozone, so Merkel will struggle to get her own way.
...of course the Eurozone was formed by the right...the bankers and capitalists. And of course Merkel wants the IMF to handle this, it being a capitalist bailout fund supported by virtually all western taxpayers. Spread the debt around a bit. The IMF as former tres. sec. O'Neil was honest about and was fired (Bush) for it, saying "why should taxpayers pay for an international lender and bailout fund for reckless international private lending and financial gambling "particularly with sovereign debt. ?
Can't tap that yet as the the US financial socialists (wall street) need that for when their derivatives blow up as a small reserve. So the European, socialist financial gamblers should rely upon their lender of last resort, the ECB...its central bank.
Kinkroids, this IS the capitalist monetary system. There was no where else for [it] to go. Western monetary capitalism is made up of two very large groups...lenders and borrowers. A small minority of the population in the western hemisphere are debt free and fewer and fewer will be.
What we are witnessing is just the beginning. 1960, debt service...6% of GDP. 2011...30% of GDP. This is not an accident or a drill. This is the future.
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