EUROPE'S HIT AND MISS ACCOUNTING.

It is understood that one of Germany's bailed out banks, FMS Wertmanagement, has stumbled across over 50billion euros, which was no doubt lurking at the back of a drawer, or under a file. If this is how Europe does it's accounting, heaven only knows what kind of mess the Eurozone is really in. There is an alternative way of looking at this supposed find; is it a story to give the rest of the world a little confidence?



LIKE POLITICS ITSELF, IT COULD BE AN ILLUSION.

THE FRAU WITH THE FRIGHTENERS.

It wasn't going to be too long before the European Leaders resorted to the threat of war, if they didn't throw even more money at the childlike project that is the Euro; a toytown currency which goes on to wreak havoc at every turn. Chancellor Merkel has a point about how such situations can cause unease among nations, not to mention raising the occasional hackle. Tyrants have been known to emerge at such moments in history. This confirms the fact that initial planning is essential at the outset of such a decision to have a common currency. Unfortunately, the currency was not the reason; that was federalism.

In the blog; 'SOME STARTLING REVELATIONS', the author wrote of Mark Steyn's book, 'After America, Get Ready for Armageddon', in which he points out that the USA is going down the same disastrous route as Europe: Empathy, diversity, people connecting, and all the other stupid ideas sprayed all over students, particularly at university. All these things are what well-mannered people of my generation have always done. This nonsensical social engineering, nevertheless, is so obviously a major part of processing a sterile world, which we're told is good for us. I suggest, therefore, that we look around us at the debt mountain, both domestic and national. I heard the mention of China being involved in the support for the Euro; this means that we are funding our own borrowing, as we get so many of our manufactured items from China.


NO WONDER WE CAN'T RESOLVE THE PROBLEM.

THE DREAM BECOMES A NIGHTMARE.

Let us not pretend that the intentions of European leaders, imagining that they could create a vast superstate across the continent, are close to hitting the buffers. The shambles that is the Euro, is currently having a devastating effect on the world's economy; but the fools can't, or won't let go. This is not sour grapes, it is only stating the obvious.

When politicians abandon democracy for their own ends, it will cause considerable tears, much consternation, and prove to be costly. I can vouch that my MP, Ken Clarke, has never, ever sought the opinions of his constituents. What gives these politicians the right to ride roughshod over the people who foot the bill; one has more say in warfare, particularly if on active service.

Let's repeat here, comments from earlier postings: There could be far more dissension following any collapse in the union, by ignoring public opinion, or indeed checking every so often. We might have to introduce warnings, threatening these decision makers with crimes against democracy. Hopefully, such a decision would stop these ridiculous upstarts in their tracks.


MARXISM DOES NOT WORK.

SOME STARTLING REVELATIONS.

Mark Steyn, the Canadian born observer and writer, following his book, 'America Alone', has been forced to have a rethink. The manifestations in his latest publication, triggered by what is happening in the USA today, not being dissimilar to appalling happenings in Europe. His latest findings paint a disturbing picture of large, obtrusive, overtaxing government getting in the way of any form of progress. The book is entitled, 'After America, get ready for Armageddon'.

Let us commence with the size of the American National Debt, or more interestingly, the size of the repayments, which the book shows as a mind boggling statistic; explaining, that within a very few years, the annual interest payments alone to it's largest creditor, China, will cover the annual cost of the Chinese armed forces. He can't resist a humorous aside regarding the so-called progressives, in suggesting that if the Hoover Dam is not made wheelchair friendly, it should be closed down.

Overbearing big government has become the norm in the States, as in Europe. Steyn makes the point, that when seven million Americans were made redundant in the downturn, the number of staff in the vast area of state employment taking home 100,000$ per year, went up from 14% to 19%. However, his most frightening disclosure is what is going on in Greece; highlighting the appalling incident, when the demonstrators/rioters blockaded a bank with staff inside, setting fire to the building, killing a number of the bank workers, and blocking the fire service from any rescue attempt. The reason for this demonstration, according to Steyn, was based on the fact that the Government was to stop the practice of state employees receiving 14 monthly pay cheques per calender year, a practice that carries on into retirement in their late fifties.


WHO WANTS TO PROP UP THE EURO NOW?

THE PROBLEM WITH EUROPE.

Why is the situation in Europe such a nightmare? Simples++++. The electorate doesn't get the opportunity to have a say in the process. We are sprayed with this drivel from Brussels, telling us how good they are for our well-being; but we don't get the opportunity to express our thoughts.


BRING BACK DEMOCRACY.

DEXIA: BANK OR BOARD GAME?

Batman and Robin (Merkel/Sarkozy) have had another weekend playing with their abacuses. This, presumably, has a lot to do with the collapse of Dexia Bank. Dexia has been over-exposed in the farcical attempt to shore up the Euro. How much more time and money needs to be wasted before the whole house comes tumbling down. Dexia is to be split up, giving the impression that the losses are not that great; this also acts as a sideshow for the greater woes confronting the ill-fated European project.

It is worth bearing in mind that the lack of financial/economic knowledge borne by both these national leaders is so obvious, as all they can see is a future giant European state. Which confirms the fact that the agenda is purely political. The regular meetings about the parlous state of the currency only goes to prove that fact. Otherwise we could have had a better result by now, instead of which, it is creating havoc in the world's finances.

Mitchell Feierstein's forthcoming book, regarding what he predicts to be the real credit crunch, could be definitive.


THE SUPPORTERS OF THE EUROPEAN PROJECT MUST BE HELD TO ACCOUNT.

IT'S GONE VERY QUIET OVER THERE.

German politics is developing into considerable turmoil, as confusion reigns on the continent regarding the Euro situation. Merkel appears to have gone underground with French President Sarkozy; we can only imagine what kind of scheme they are cooking up, desperately trying to keep the currency afloat. We suspect that they will hatch a plan that will cost even more billions to enact, which naturally will fail in fairly quick time. All this activity is currently holding much of the world transfixed, in a state of inactivity; rather like a 'statue waltz'.

Meanwhile, on the domestic front, Germany is busy voting in socialists. In Berlin for example, the SDP formed a coalition with the Greens. This, however, failed when the Greens could not agree to a new highway to serve the main airport, so the SDP joined forces with conservatives to push the planning through. Such is political life.

As a backdrop to all this marking time, Brussels is increasing it's budget demands by a few billion euros, or whatever the currency will be.


TIME IS RUNNING OUT FOR THE EU.