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My God there really isn't any way out of this, is there?
The EU/Eurozone was a really bad idea to begin with. One "suit" cannot fit every country the same. Of course the weaker economies were bound to drag the strong ones down eventually... Wouldn't it have been better for everyone if each country stayed on its own?
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The eurocrats were excessively optimistic ... and they were even thinking of expanding into Turkey?! Absolutely no chance of that happening now. Their utopian dream is in tatters.
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Fact is, it is a systemic failure which goes much beyond the Euro as such. The debt bubbles just increase and increase, interest rates skyrocket and cripple the states, while the greedy banks invest the money they get through this irrational, outdates and criminal system into risky and unnecessary businesses, other bubbles created because of "too much free money" on the speculative market.
The Euro crisis is just part of that wider systemic crisis which appears on a regular basis in this financial-money-debt system controlled by fractional reserve banking and national debt-interest rates, these cycles are closely related to the "Kondratiev waves":
http://en.wikipedia.org/wiki/Kondratiev_wave
They are in fact inevitable, it is simple mathematics. And of course, without a complete restart of the system, the states will all go bankrupt or ruin themselves and their people in an unimaginable way just to pay those debts back, which is an impossibility in this money system in a reasonable way.
This system is pretty old, dates in many ways back to the foundation of the Plutocratic Oligarchy, the Bank of England and the old state debt structures - it needs to be abandoned completely.
Anything else is just "new make up for the old whore", nothing fundamental.
State owned banks which use private interest rates for the state budget and don't have to borrow money from private bankers. That's the only way.
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So do you think Capitalism is globally collapsing? Or we are just seeing its ugliest face right now (and we haven't seen the worst of it yet)...
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Because of the "virtual and global economy", the current cycle being "unnaturally prolonged" to put it that way.
That of the past almost always ended in wars, gigantic redistribution and a huge devaluation of money, reducing the debts, ruining the banks which being not prepared for the situation, so usually those which are not part of the Plutocratic cartel. This increased in every step, with every cycle, the wealth and power of the Plutocratic Oligarchy.
Currently, the Plutocratic Oligarchy is at an unprecedented height of power, profits and wealth. The next step must mean a close to total, totalitarian power of the Plutocratic Oligarchy, if being planned.
And I guess they will use the crisis to come, inevitable to come, for that purpose, but are not prepared yet and fear the age of information, fast and global, like their actions.
So they need to increase their control over the people, more careful preparations, and probably they are afraid of the end of this cycle, because actually, they can't do much better than now, different from the past, so they have a lot to lose and little to win, after all, with the collapse of this cycle.
All this new "financial instruments" and "financial products" being nothing else but part of the prolongation of this cycle, for keeping up their No. 1 mercenary in the world, financing its tasks and duties, financing the giant of the United States of America.
The games they play, in the USA, in Europe and worldwide, are all just made up to keep things running, because they still need it the way it is and they are not ready for the great game and risk.
This is no principal crisis of Capitalism, that is Capitalism, real Capitalism which is always FINANCIAL CAPITALISM based on debts and interest rate, speculation and manipulation.
Because "Free Market" is not at its core as much, as this!
However, the real ugly face of Capitalism, is the Plutocratic Oligarchy if it doesn't need to respect and consider the interests of the common people and nations, if their power is so big and total, that they can do with the masses what they want.
If that happens, that's what they wanted, and they came closer to it by destroying the traditional societies, the conservative societies, Communism, Fascism and so on, by making the people believe, that "there is no alternative" (TINA-strategy), it will become really ugly, because they are filthy crap, they don't care for anybody but their own profits and power, they have the knowledge of how to exploit and manipulate people, the accumulated knowledge of generations in power.
What you see in the Euro-lands is really just part of a much greater game and systemic development. If people concentrate too much on the details, they miss the real point in this situation, because you can't solve the fundamental problems, by just changing a little bit here and there, no, that is IMPOSSIBLE.
And even a complete break up of the Eurozone would just lead to faster path into the collapse of the current cycle, but won't change anything fundamental.
To make it clear, there is already an international financial system, there is already and international dependence of most states in world.
One aspect of this being:
Bank for International Settlements
http://en.wikipedia.org/wiki/Bank_fo...al_Settlements
member states:
http://upload.wikimedia.org/wikipedi...embers.svg.png
And then there is the UN and the IWF.
Note, this won't break up, it will just transform and if the people don't do something about it, it will transform into the monster the Plutocratic Oligarchy wants and will sell to the people as the best solution, offered by those which "know how business is running" - so finally by those which created that mess.
That's the inevitable outcome: Let the people suffer, bring them down on their knees, and when they are ready to accept everything to get their "normal life back", you just take what you want from them, make them the slaves you want them to be, as nations, ethnicities, families, individuals.
That's the long term strategy of the Plutocratic Oligarchy.
State owned banking system, which uses private interest for the public finances and doesn't have to borrow money from private bankers.
Details can be discussed for a long time, but that's the most crucial aspect.
Last edited by Agrippa; 11-05-2011 at 05:38 PM.
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We need a different europe. Europe can NOT go on this way.
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Eurozone crisis is a distraction from bigger problems in UK and USA.
Silver Update 11/1/11 - Shiny Object:
http://www.youtube.com/watch?v=v5n4Gf61BIc
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I have always been perplexed by strength of UK economy. But recently I had an idea. It is possible UK economy is supported by the USA dollar. Meaning, USA transfers part of the dollar power to UK. It's possibility.
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