Yah, Berlin vouldn’t like that.
Read him. Or don’t if you think you have more to learn from “gender studies.” Your choice.
Political correctness, founded in Marxism, is anti-intellectual and a philosophy of the dim witted.
Germany and Greece had “ties” before.
The EU, the dream, the de facto European (monetary) empire based officially in Brussels but in many if not most respects in Berlin is on the edge of imploding. Currently on deck for possible European Union exit, France, The Netherlands, Italy, Greece. Britain famously of course has already decided to leave.
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.
Socialism and crony capitalism go hand in hand. The bigger the government the more crony the government. The more powerful a government the more likely it will be that corporations, unions, special interest groups, and individuals will want to buy it. You think corporations don’t like regulations? Au contraire mon frere. They often love them. Much more often than not. Heck, they often even write the regs themselves. Do you really think that General Electric wants a small government for instance?
The EU is an experiment which is in deep crisis. An onslaught of refugees which is forcing countries within the European Union members to deal with the flow on an ad hoc basis instead of as a federation, the continuing economic struggles in much of the “periphery” of the continent, and the real possibility of the UK leaving the Union have called the future of Europe into question.
German bonds have seen massive inflows during the Greek crisis. Every time Greece got hot more money flowed into Deutschland in a “flight to safety.” This lowered rates. Germany then had cheaper money to play with.
Kodos and Kang actually run a currency hedge fund now.
As I watch the calamity in Greece and the chaos in China I am struck by how much things have changed in 10 years. “Wealth” looks very different to many people these days.
Wealth is time with one’s family. Wealth is time to think. Wealth is a good roof over one’s head. Wealth is good food and good friends. Wealth is walking through a field first thing in the morning with few bills to worry about.
The last time Europe “unification” was attempted.
Napoleon tried to do it. Hitler tried to do it. Both failed. Europe in the post medieval era has never been fully conquered. Europe has remained multiple states. Given that it is a continent defined by mountain ranges, peninsulas, and islands this makes sense. It is a landmass of cul-de-sacs. It is not a vast plain which is easily overrun. But now the eurocrats (many unelected) are trying to take over Europe via administrative means.
By Ron Paul
The drama over Greece’s financial crisis continues to dominate the headlines. As this column is being written, a deal may have been reached providing Greece with yet another bailout if the Greek government adopts new “austerity” measures. The deal will allow all sides to brag about how they came together to save the Greek economy and the European Monetary Union. However, this deal is merely a Band-Aid, not a permanent fix to Greece’s problems. So another crisis is inevitable.
This hashtag has been trending.
Tough decisions in Greece. Huge pressures.
I was watching Bloomberg last night just before midnight and they were reporting that the hashtag #thisisacoup was the highest trending hashtag on Twitter for a while yesterday. So what does that tell you?
The Germans (and others) wanted to crush Greece. And it looks like Deutschland may have succeeded.
As we’ve noted before, Greece was “subprimed” into the European Union. Athens didn’t really have the economy to be included in a wider “United States of Europe.” But with a little creative financial shuffling Greece got in. Much of the creative shuffling was done by Goldman Sachs.
Government is inherently crony. That is its nature. It has an inherent tendency toward corruption. Crony entropy. Like water flowing downhill.
In Greece we see a relatively poor crony state languishing on the rocks while the Germans pick at its liver. And we pity the place. Yes, they’ve gotten themselves into this mess, but Brussels (and Berlin) are being stupid about things.
Not because they won’t give Greece another bailout. They are dying to give Greece more money truth be told.
Farage addresses Greek Prime Minister Alexis Tsipras personally on the floor of the European Parliament and encourages the leader, and it appears that Tsipras is a leader, to exit the Eurozone “with (his) head held high.”
Indeed there are many “friends of Greece” around the world. More friends than Goldman Sachs, that’s for sure. Though Goldman’s friends tend to be more powerful.
Greece, pull an Iceland.
We are beginning to see the Great Experiment, the post 2008 Crash experiment, disintegrate. A crack here. A crack there. A hairline fracture. A fissure. The underpinnings of printed money have always been unsound, but now the edifice appears to be unstable. Will a hard Greek gale bring the thing down, or will winds from somewhere else finally do this fiat superstructure in?
Guess we’ll find out soon enough.