By tomtom
It’s like the Euro participants need to be turned upside down and shaken to see what falls out of their pockets
If the Bundesbank is reticent about the proposed issuance of Euro Bonds well there’s only one thing for it, if the precious single currency is to be saved. The entire seventeen nation collective, needs to be turned upside down and shaken, to see what falls out of their collective pocket. Then it needs to be swept into a pile so they can divvy it up and everyone has enough moulah to satisfy the Shylocks. All that needs to follow is the ultimate risk aversion policy, of issuing individual bonds backed by this collective pile. Then we can all jump onboard the same old roundabout, with all the basket cases of European Union, free to live the good life to their heart’s content.
The day of reckoning can then be postponed for ever, consigned to the dustbins of history. All we have to dispose of once this major step is achieved, is the plethora of Eurocrats in their Ivory Towers and their outpourings of grief for the way we chose to live. Though first we may need to do something concrete, with all these lefty non-jobbers who parasite on the state for an easy life, of protest and camping out, wherever they choose to pitch their tents. Concrete boots maybe and a free trip on a leaking ferry?
But before it gets to this, there’s another wheeze up the sleeve of the clueless Eurocrats, as they wriggle and squirm to crawl out from under the stone. To propose once more, who should be the lender of last resort. They’re trying to foist it on the IMF, but first they had to rid the system of a canny leader, who might smell a rat. There was someone in the line of fire, who might be a stumbling block to this latest wheeze. So they cooked up a few sex charges against this IMF Chief and flung the mud, anticipating some of it might stick. So was it the Eurocrats wot dun it?
Whatever, stick it did, long enough for them to shoehorn in a chosen successor, more receptive to their whims. But they couldn’t move immediately or suspicion of their motives might have revealed a stitch up. So several months needed had to pass, before moves could be made to progress this latest wheeze to confuse the Shylocks, as the interest charges were ramped up for supporting this sovereign debt pile.
It’s like a game of find the Lady, a now you see it, now you don’t kind of thing, as they shuffle the deck to propound this litany of deceit, with their ‘Clinggon’ mentality. Will it work? I suspect not and the ultimate recognition that default is unavoidable will once again rear its head, as seventeen proud and once independent nations scramble for the trenches, sucked into the biggest Ponzi/Pyramid scheme of all time. The Euro is DOOMED and you saw it here first!
Watch this space, I’ll be back!
Tom
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