The EU deceived us that the Euro would work when plainly it would not, and now millions are going to suffer due to their vanity, stupidity, and enlarged egos. We need to know not only who they are, but who were their supporters - further more all those that are on retainers, (sorry Pensions) need to come clean and repent.The EU politicians created this monster by saying join us and we will advance you money to develop your country to a level beyond your wildest dreams. And at a speed that you would never be able to attain through organic growth. So the scheme is built on a huge gamble that economists would always tell you was bound to fail one day. It was totally dependent on perpetual and rapid economic growth. That was and is the only key to repaying those debts. As soon as the growth slowed, the game was up. I like to keep it simple. A private individual can have a good life on a credit card, providing the income keeps going up to pay the interest. But the day of reckoning comes when the income slows or stops. Europe kept on spending and kept on asking for an increased limit and the banks and politicians kept giving it. Then the inevitable happened. And now there is no one left to lend the money for Europe's next months credit card bill. EU leaders simply won't admit that their pet project was unsustainable from the start and now they will stop at nothing to prevent the first domino falling. The Euro should be put out of its misery in the most orderly manner possible, before it collapses completely. There will be pain for all, but the longer they drag this out the worse it will be. 
Access Investments-Building Awareness - European Union-ROMANIA
Wednesday, November 30, 2011
The Euro should be put out of its misery-The EU deceived us that the Euro would work
The EU deceived us that the Euro would work when plainly it would not, and now millions are going to suffer due to their vanity, stupidity, and enlarged egos. We need to know not only who they are, but who were their supporters - further more all those that are on retainers, (sorry Pensions) need to come clean and repent.The EU politicians created this monster by saying join us and we will advance you money to develop your country to a level beyond your wildest dreams. And at a speed that you would never be able to attain through organic growth. So the scheme is built on a huge gamble that economists would always tell you was bound to fail one day. It was totally dependent on perpetual and rapid economic growth. That was and is the only key to repaying those debts. As soon as the growth slowed, the game was up. I like to keep it simple. A private individual can have a good life on a credit card, providing the income keeps going up to pay the interest. But the day of reckoning comes when the income slows or stops. Europe kept on spending and kept on asking for an increased limit and the banks and politicians kept giving it. Then the inevitable happened. And now there is no one left to lend the money for Europe's next months credit card bill. EU leaders simply won't admit that their pet project was unsustainable from the start and now they will stop at nothing to prevent the first domino falling. The Euro should be put out of its misery in the most orderly manner possible, before it collapses completely. There will be pain for all, but the longer they drag this out the worse it will be. 
Subscribe to:
Post Comments (Atom)
6 comments:
1) Let the Euro fall - see it as a failed experiment and learn from it. One size does not fit all neither are the different mentalities, economies, people, political spectrums etc ready to integrate and neither will it be. Europe is very diverse and should stay that way. Centralisation of power is the egolomaniac method of total control over the population. I mean, who the f*** is Herman Van Rompoy????
2) Reclaim our borders. We dont have the infrastructure to support more people.
3) CANCEL ALL DEBT but protect the savings. Iceland have done well. Good for them.
4) Let this be a lesson to all. Never allow a bunch of unelected morons who have no clue what is going on to screw up the common man, woman and child.
5) Cut or totally remove goverment involvement in the free market. These C***s do more damage than they resolve
can't see the other countries who subscribe the IMF being too happy pouring more money in when the usual IMF prescriptions (massive privatisation, cuts to public sector, etc) do not seem to be applied. Double standards one rule for the developed world another for the EU.
So the USA wont help (because they cant afford to)
Germany doesnt want printing.
Europe needs to find €4 Trillion to buy bonds
Erm sorry but Germany will have to put up or shut up as ECB printing starts.
Get ready for hyperinflation
Alternative is Eurozone banking implsion of titanic historic proportions which will pull down US banks with it and collapse world markets.
love the way they say things like "the euro area will slip back into recession in 2012" and argue over whether we are in a recession already when it seems to me - no economist but just reading the papers and seeing the economci situation at the micro level - that an abyss is opening up!
A bit like - would you describe this as an earth tremor? Or just shaking? Dunno, but that crack in the ground is getting wider .... and wider... and wider .....
YAAAAAAAAAAAAAAAH!
Seems the EU has backed the IMF to the wall and said "if you don't bail us out, we will bring you all down with us." Begger thy neighbor.
Wake up. If EZ, like your business, or you, or me, cannot pay the interest on the debt. It's busted. Bankrupt. Searching around for someone to pay your interest for the next week, month, quarter makes no difference to the outcome. Just putting off the inevitable.
Post a Comment