Monday, July 13, 2015

Was the Euro Doomed or Planned to Fail?

Consider the following from theguardian :

"Mundell explained to me that, in fact, the euro is of a piece with Reaganomics:

Monetary discipline forces fiscal discipline on the politicians as well.

And when crises arise, economically disarmed nations have little to do but wipe away government regulations wholesale, privatize state industries en masse, slash taxes (fail) and send the European welfare state down the drain. (up next)'"

What is happening in Greece is according to plan. An old, old plan. Nothing new about these results according to the playbook that these "Eurocrats" are using.

Greece now and next who? In no particular order: France, Spain, Portugal, Ireland, Italy, etc. They will ALL end up in financial ruin, driven there by Germany. Germany may just be driving everyone to war as was done twice in the last hundred or so years.

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