Submitted by Tyler Durden on 06/19/2012 08:18 -0400
European Central Bank
Finland
Free Money
Germany
Greece
Gross Domestic Product
Ireland
Italy
Netherlands
Portugal
Real estate
Recession
Sovereign Debt
From Mark Grant, author of Out of the Box
Europe, A Victim Of Its Own Folly
“Do you wrestle with dreams? Do you contend with shadows? Do you move in a kind of sleep? Time has slipped away. Your life is stolen. You tarried with trifles, Victim of your folly.”
-Frank Herbert, Dune
You may have noticed, I have certainly noticed, that Europe is living in a kind of dream world where they propose various schemes and hope that you see them as some kind of solution for their problems and so; go back to sleep. This worked initially and they keep hoping it will work again but the Sleeper has awakened and is paying attention which is why the “Headline Rallies” have become so short in duration. Many of the schemes now are coming from the troubled countries or the ones that may be troubled shortly, to quote the famous song in Casablanca, “As Time Goes By.” I think it has gotten to the point that they believe their own rhetoric. They spewed it for the masses and they spewed it for the world’s investors and it has been repeated so often that they now rely upon their own fantasy as truth. The Europeans have become the victim of their own folly.
If you stand back and place all of the current schemes upon a small knoll and observe them carefully you will notice one thing; each is tied with a red ribbon trying to get Germany, the Netherlands, Austria and Finland et al to pick up the tab for everyone else. The Spanish pleas for ECB intervention, some Grand Duke to supervise, control and pay for the banks, Eurobonds, bailout funds; they all have the same purpose which is a plea for money from those that have it to be transferred to those that do not have it waved under the banner of a United Europe where each nation is responsible for every other nation and where each country eventually settles to the same cost of funding and standard of living as all of the countries; at the mean. This is the theme that wafts in the wind and it is just various color bearers that wave the flag. The Germans and the rest of the monied countries have taken two tacts in response to all of this. First they say that “maybe, somewhere out in the future, when the time is right” and so forth to placate those asking for the averaging of Europe which will accrue to their benefit and then, when pressed, they just say, “No” which ends the conversation as nothing can be done without the acquiescence of those still holding their
http://www.zerohedge.com/news/humpty-van-rompuy-has-fallen-wall?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+zerohedge%2Ffeed+%28zero+hedge+-+on+a+long+enough+timeline%2C+the+survival+rate+for+everyone+drops+to+zero%29
Just one comment, Kinda sums things up.
Badabing
Badabing's picture
Did we forget? I remember that it was a “bank” that fudged the books for Greece to join the European Union. And it’s a bank that wants Greece to pay the debt that was created out of thin air. And it’s a *ucking bank that has bought up all the politicians and keep them in their pockets like so many nickels and dimes. And it’s a bank that’s responsible for inflation and stealing the working mans savings. And it’s a *ucking bank that caused my mom to stop raising me and my siblings and go out and get a job to make ends meet. And its *ucking bank that changed the constitution and is breaking the law as I type.
*UCKING BANK!! Don’t forget!
Realist - Everybody in America is soft, and hates conflict. The cure for this, both in politics and social life, is the same -- hardihood. Give them raw truth.
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