About time

Believe nothing

Thursday, 10 May 2012

‘The tremendous backlash against the austerity approach that Germany has been pushing. All over Europe, prominent politicians and incumbent political parties are being voted out. In fact, Nicolas Sarkozy has become the 11th leader of a European nation to be defeated in an election since 2008. We have seen governments fall in the Netherlands, the UK, Spain, Ireland, Italy, Portugal and Greece. Whenever they get a chance, the citizens of Europe are using the ballot box to send a message that they do not like what is going on.

It turns out that austerity is extremely unpopular. But if newly elected politicians all over Europe begin rejecting austerity, this puts Germany in a very difficult position. Should Germany be expected to indefinitely bail out all of the members of the eurozone that choose to live way beyond their means? If Germany pulled out of the euro…

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One thought on “

  1. Good old Zero Hedge. When we cease to think only in financial terms and take a broader outlook, well it is different.
    Look to Iceland. Multiply that by, well, say a factor of twenty and you have an answer. The International Bank of Settlements, its minion central banks. The City and Wall Street. Chuck in Tel Aviv and the Vatican for good measure, these are the culprits. I read somewhere these “elites” as they are known number around six thousand.
    If you “do the math” as cousins say, it is inconceivable that nearly seven billion are held to ransom by this number. Another thing my old addled brain picked up was the dastardly Rothschild clan control 52% of world capital. Now, if that is true, well it is just plain wrong.

    At times like this you realise the power these few people exercise over governments. I say default and be damned. Remove their wealth by refusing to play their games. So, you have a lot of traders wetting themselves, perhaps they would then, along with bankers, have to find real work 🙂

    I read an inscription from an Egyptian tomb once, it translated as ” Oh artisan, thou art the perfect man”. It seems that a return to agrarian self sufficient countries trading but backed by gold is the answer, and one that is quite simple to achieve.

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