HAS THE WORLD BEEN HERE BEFORE?

It is always satisfying when a knowledgeable economist, such as Gwyn Prins of the London School of Economics, outlines in simple terms, how the European Union uses every crisis to suit it's own ends; a power grab. We have outlined, for sometime, the creep of a Brussels Mafia, dipping their very expensive 'bread' into the mayhem brought about by it's farcical currency, the Euro.

Professor Prins outlines very clearly that the process, which he calls a 'beneficial crisis'; is something reminiscent of Marxism and Nazism. To advance his criticism, he sights the case of Europe's love affair with things environmental; the perfect vehicle for raising taxes. It is so easy to sell to the disinterested who never do their own research for the truth; happily proceeding, with disregard for this man-made 'sting'.

Merkel and Sarkozy have again attempted to put a transaction charge on the money markets. Should such a decision be made to this end, as we have explained previously, the global markets will all operate in places which wouldn't condone such a practice.


ALTHOUGH IT'S GONE QUIET OVER THERE, DON'T BE FOOLED.

A STRANGE EUROPEAN UNION.

The larger the EU becomes, the fewer participate in deciding which way it should go regarding the Euro. So we are back to Angela and Nicolas cobbling up a tax grab, the usual socialist last resort. Their latest plan is the well worn idea of taxing all financial transactions on the European stock exchanges. This is to create a fund to bail out the overspending economies within the Euro zone, which will give them carte blanche to continue with their profligacy. Meanwhile, all the big international business will be done elsewhere to avoid such a petty levy.

Chancellor Merkel and President Sarkozy have found themselves firmly painted into a corner regarding their 'toytown' currency, which is destroying the last vestiges of the fraudulent Euro club. This fact, nevertheless, fails to deter them from their quest to dominate Europe. Initially, the alliance of European nations, as we know, was sold to us as a means of trading equally; but has now evolved into a would be, undemocratic super state where Germany and France can dictate the terms.



STUPID PRIDE.

EUROPE'S RUNNING SHORT OF PLASTERS.

...when an organization the size of the European Union thinks it can get by with second rate, very often discredited political neophytes; many of them now in positions of influence in Brussels. They were given their posts for showing subservience to the EU over the years, being rewarded with a free ride on the 'gravy train'; jobs for the boys and girls. Well, the chickens are coming home to roost in flocks.

The introduction of the Euro currency was the ultimate prize for this backward looking lot, no doubt thinking (some of them still thinking), that the Euro would become an international reserve currency. The problem, however, was that it was introduced for the wrong reason, to bind European nations together, making it easier for the unelected monolith that is Brussels to govern these former democracies.

Let us be clear about the international melt down being played out today; certainly it is a concern that the United States is sinking rapidly in the west, something that was hastened by voting a socialist into the White House. Nevertheless, the concern for Europeans is the instability of the Euro, which is geared to suiting a Franco/German alliance, and the devil take the hindmost. This is now the major fault of world economics, causing much instability, as many of the Euro nations cannot meet their financial commitments.

Peter Hitchens wrote some years ago that we will finish up being the shoeshine boys.


HE COULD WELL BE RIGHT.

LET'S ALL HAVE A HIGHER DEBT CEILING.

The term 'debt ceiling' currently applies to the news that the US of A has decided that it will raise the bar, giving itself the right to increase borrowing. We could assume, therefore, that the Eurozone could follow suit in order to ease it's own financial concerns. Naturally, it's not as simple as that. The dollar, a reserve currency, presumably makes it a special case. There is a problem nevertheless; the US economy, as with all others, has to be nurtured and kept under control, as one's own domestic economy. Incidentally, where does all this borrowed money come from? Well, it's only virtual. The promise of working to pay off the debt is also rather doubtful; unless incomes are reduced, making goods more competitively priced.

With all this financial turmoil, very little time is given to the views of folk, who, in the writer's opinion, look at life from a more disciplined perspective. Why is the West insistent upon further education for any subject we care to think about? Obviously, courses such as Medicine, Science, Mathematics, Languages plus a few others, is all that is necessary. In Britain, the reason is to keep youngsters from the dole queue. The out of work option is almost written into each school's curriculum. Any academic failure is considered to be the fault of others; many that have fallen short of sufficient knowledge still make it to University. Those with no qualifications at all, unfortunately, cannot hold down a job that includes writing or simple arithmetic. To be a Joiner for example, requires a knowledge of geometry. This lack of education is not a problem that would be found in Asia.


BASIC EDUCATION IS THE KEY.

MONEY RARELY SLEEPS.

I wanted to say that money never sleeps, but it does in my current account. However, in the world of global economics, currencies and economies are changing as you read this; they never stop. The new self acclaimed 'Green Goddess', Chancellor Merkel, along with 'Robin' to her 'Batman', President Sarkozy, presumably relaxing somewhere on a summer vacation. The latter will soon be having an extended leave, by way of paternity leave, so essential in the modern bankrupt world of Europe.

Politicians can bluster as much as they like, but nothing is going to change until we return to the work place ahead of all these other sideshows. The recent second bailout of the Greek economy will only last temporarily: 'What does Robin do then, poor thing?'

We can huff and puff as much as we like, but safety nets can't absorb the problem indefinitely.


JUST ASSUME THAT IT IS YOUR PERSONAL ECONOMY.