Can EU cope with national bankruptcies?
An article in Der Spiegel asks, Can the Euro Zone Cope with a National Bankruptcy? and contains information concerning the economic woes of Greece and the possiblility that they may spread to other countries in the PIIGS group – Portugal, Ireland, Italy, and Spain (Greece being the ‘G’, of course.)
Before the euro was forcefully instituted in 1999, economist Milton Friedman predicted its demise in 10 years because it would not survive its first crisis. That time has apparently arrived on schedule (almost as if Friedman was ‘in on’ the timing of economic collapse 2008, si? Or using Astrology’s financial cycles for timing as did J. P. Morgan!)
Of course, if you’re like me and think that the economic collapse has been engineered by a global power elite with world domination plans, Greece’s economic troubles are no surprise. To set up a common currency like the euro among disparate nations which have no common economic policy seemed daft to me pre-1999 but they shoved it through it anyway. Well, I must not know what I’m talking about, thought I – no economist or financial expert here (in spite of having a natal Jupiter/Saturn trine!)
Now I never gloat over other people’s miseries, but I do think the NWO script is involved in the economic problems of Greece and of the other PIGGS which are the southern EU nations (aka, ‘Club Med’ which were weaker economies from the beginning vs the northern EU nations which may be called upon to bail out their over-indebted brothers.)
Well, perhaps it’s a race from now on as to which area of the world economy will be ‘collapsed’ or crashed first: North America or Europe. The article states that the euro is now less stable than the US dollar, British pound, or Japanese yen and I’m racking my peabrain to remember what was being promoted pre-1999 concerning the ‘brilliance’ of forcing the euro upon the populations of Europe.
I do remember that Ireland was a hold-out yet now the Emerald Isle is in the euro-soup, too, and it seemed to me then that a future global collapse was being made possible – as we now see from the dizzy vantage point of teetering upon the “abyss.”
Whatever was promoted then, the euro’s much-touted brilliance is fading fast in 2010. Therefore, my best hopes remain as always with the good people of Europe just as they remain with the American people – all of whom deserve a lot better than our so-called ‘leaders’ are currently delivering as they work, not on our behalves, but on behalf of implementating a New World Order which apparently necessitates their gleeful sacrifice of our families, futures, and fortunes.