if you understand History, you'll be
able to see this barrage coming
towards you.
So, I recognise that, where in 1929,
there would be a solution thanks to
the Fates, and Roosevelt and the
fact that he didn't get killed. I wonder
how one man could take credit for
so much.
Anyway, I digress.
I see that we are slowly being boiled,
like a frog. Then there are occasional
messages, which we'll ignore, because
we're hungry or busy.
It's all there in black and white. After
5 years of sh*t, Osborne the Chancer,
says we've got 5 more bad ones to come.
Thanks. So, we're not to expect much either
from the economy or from Georgie. No prob
on that second one.
Checkitout: Automatic
earth
Is
it time to write off Europe for the next decade?
FRIDAY,
DECEMBER 07, 2012 4:28 AM
“In
the lack of judgment great harm arises, but one vote cast can set right a
house” - Aeschylus (525 BC-456 BC) Image: Ilargi for TAE
The
EU is a morally bankrupt blind behemoth that, in a doomed attempt to survive,
destroys everything around it just to keep itself standing. In that, it is
hardly different from several incarnations of the 20th century politburos in
Russia and China - and those are by no means the darkest comparisons that could
spring to mind.
There
are tons of people working in and for the EU, some of whom are smart while
others are not, some who are honest and some who are just self-centred , but
the apparatus has become a vortex that sucks in all of them. There many be just
a small window left for Europeans to retain a grip on democracy. There's not
much left. Stock markets may give the impression that things are going fine,
but that is possible only because increasingly severe austerity measures are
spreading rapidly, and have now reached the core, not just Greece and Spain.
The EU induced illusions will keep coming fast and furious, however, until they
don't. And then it will be too late for democracy.
It's
all in a terribly shaky state already though. Ironically, maybe that's the
people's best hope, that it will collapse before the power games are solved
with the bureacrats as winners. Today, Italian PM Mario Monti lost his majority
in the Senate; he could be gone within days. Only to bring back Silvio
Berlusconi. Also today British Chancellor of the Exchequer George Osborne
announced that UK austerity will last till 2018 and that he needs to borrow
another £100 billion to soothe the deficit. Which led Fitch to threaten a UK
downgrade. Mario Draghi, however, claimed that the Eurozone will swing back to
growth in 2014. And no matter how hard you may find that to believe, remember:
he can't be voted out of office. Draghi doesn't care about his credibility with
voters, he wants credibility in the financial world. And he has it, because he
delivers.
