Tuesday, April 16, 2013

The Wreck of the Euro & the USS Dollar

Professor Mead, who so cogently explains our on path to DOOM here in the U.S. via the Blue Social model embraced by generations of politicians and propped up by... The.  Worst.  Political.  Class. Ever. .. in the US offers insight into the failure of the Euro.  His blog post concludes as follows:

And meanwhile everything in Europe gets worse. As we’ve said before, with the exception of communism itself, the euro has been the biggest economic catastrophe to befall the continent (and the world) since the 1930s. Politicians in Europe thought they were living in a post-historical period in which mistakes didn’t really matter all that much. They were horribly wrong, and the wreck of the euro is blighting lives and embittering spirits on a truly staggering scale.

But you will want to read the whole thing.

The entire world is living beyond its means and has been for a long time now.  The drunken sailors spending spree brought to us by President Obama is virtually a text book application of the path to destruction for the US mapped out by Cloward & Plivin at Columbia.  That, and his insistence that we follow Europe to the Green Gallows.  My hope is we can endure the madness and right the ship in 2016.

Our friends in Europe seem to be taking on water at much more rapid rate and the solutions are grim at best.
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James L. Salmon, Esq.
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