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Greece and the Euro Stagger Towards the Brink

Greek Debt Protests

Negotiations to resolve the Greek fiscal crisis collapsed Friday, with Greece heading toward a referendum on the issue in the midst of an economic crisis. The European creditors say they are still open to negotiations, but it is not clear what that would entail.

The European Union was supposed to create a de facto United States of Europe. Although the original constitution was rejected by Dutch and French voters, the Eurocratic elite forged ahead with a treaty, which did not require popular ratification other than in Ireland.

But after last January’s Greek election it was obvious that the EU does not speak for Greece, or perhaps anyone else other than the Eurocrats, an amalgam of bureaucrats, academics, journalists, businessmen, politicians, and lobbyists who dominate Brussels.

To most EU leaders common people are an impediment. The Eurocrats reflexively intone “more Europe” in answer to every question, but voters increasingly are supporting protest parties, some populist, some worse.

Advocates weren’t shy about their ambitions. In 1992 German Chancellor Helmut Kohl predicted “creation of what the founding fathers of modern Europe dreamed of after the war, the United States of Europe.”

The Euro was one step in the unification process. The commercial union added a monetary union, currently joining 19 nations. A more powerful EU was expected.

Alas, the organization has three presidents, who compete for attention and authority. The parliament has only passing connection to the people of Europe. No European would die for Brussels, not even the Belgians, who barely averted the break-up of their badly divided nation.

But the EU carries on, secure in the support of the vast majority of the continent’s elite, including national governments. The Euro crisis has shaken this political foundation, however.

Until January the popular revolt was contained. But then radical left-wing Syriza, many leaders just a step or two away from communism, won a near majority. The new government rejected the Brussels consensus and default threatens, which most likely would mean a Greek exit from the Eurozone (“Grexit”) and possibly even from the EU.

However the crisis is resolved, the march toward ever greater power in Brussels appears over. Euroskeptic and radical parties are on the rise.

Who are the dozen most spectacular Euro villains?

1.      Helmut Kohl. The first chancellor of a united Germany, Kohl agreed to sacrifice the legendary German Mark for the Euro.

2.      The Greek political establishment. Both the dominant parties, Pasok and New Democracy, profited from the sclerotic and venal state they created.

3.      Greece’s creditors. They lent money at near-German interest rates to a nation unlike Germany.

4.      The International Monetary Fund. Originally created to support a system of fixed exchange rates, it has become one of the primary financiers of Greece.

5.      Valery Giscard d ‘Estaing. One of the principal architects of the constitution, he pushed forward with the Lisbon Treaty, constructed to leapfrog the European people.

6.      Alexis Tsipris and Syriza. This disparate movement of the left believed in fiscal alchemy—more government spending, taxing, and regulating would turn into a roaring economy.

7.      The European Central Bank. The ECB shifted from economics to politics when it began buying the bonds of deeply indebted European states, most notably Greece, to subsidize the improvident.

8.      The Greek people. Euro-subsidized borrowing allowed them to prosper despite their economy being littered with bloated bureaucracies and privileged cartels, and hamstrung with debilitating regulations and profiteering politics.

9.      British Prime Minister Tony Blair. The heir to the world’s longest and most influential parliamentary democracy, this exemplar of “New Labor” sacrificed national sovereignty in ratifying the Lisbon Treaty.

10.  The French political elite. France’s people suffer from stultifying state controls and high taxes. The right is as statist as the left.

11.  The European Parliament. More often than not voters use EP contests as an opportunity to protest against unpopular rulers at home.

12.  Angela Merkel. She has spent her years in office doing as little consequential as possible. A Eurocrat to the core, she opined:  “We have a common currency, but no common political and economic union.  And this is exactly what we must change.”

The European story is reaching its climax and no one knows how it is going to end. Greece and the European establishment might yet come to terms and the Euro might stagger along. But this almost certainly is not the Eurozone’s last crisis.

It appears that many Europeans have had just about as much Europe as they can stand. In coming months and years the debate is likely to be over how much and how fast they can roll back “Europe.”

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Greece, the Euro and the Kynesian insanity

Well! It looks like there is a major speed bump for some who have put their nations on the road to joining the "New World Order"! As Gorbachev said, and I paraphrase "In order to establish a world government, 3 things will have to come to fruition. First, there must be a single world Religion (Environmentalism/Gaia perhaps?), second, there must be a single world currency (it won't be the dollar or the Euro is my guess) and lastly, there must be one form of world government (probably Obama's socialism on steroids - near Communism)". Again, these three points were paraphrased however is speech can be googled where he shared his views.

As the world collapses its sovereignty on these three legs of the stool, we will see more and more actions such as this. The failure of the Euro and the Dollar will hasten the world toward anarchy (out of the ashes?) from which will emerge the next phase of civilizations life-cycle. It will be ugly to say the least!

We already are seeing the debasement of our currency and the Russians and Chinese are just about ready to step in and provide the Coupe'd Gras(sp?) by backing their currencies with Gold. If I were a betting man, I would place my debased money on the Chinese Quan. Meanwhile we send billions to bolster the Euro and the Chinese are still sending billions to bolster the dollar.

My questions is; Why are our leaders so intent on debasing our currency, lowing our standard of living, dumbing down our children through an ever more faulty education system and doing everything that is counter-intuitive to resurrecting our once great society? The answer seems to be simple! Our leadership (unfortunately it is not only one party) is intent on destroying our way of life and relegating us to the status of peon in a new Feudal society. Welcome to the NWO!