The European Union is indeed on the ropes and their arrogance as lawyers cannot see the reality of economics. They view the world only through the power of their pen to write a law and DEMAND under threat of penalty we do as they command. This group of super–heroes lack the comprehension that people will not follow laws that make no sense or go against human nature.
These super–heroes command that everyone shall abide by austerity can only lead to the Grexit and the beginning of a period of unprecedented levels-destruction in Europe along with rising civil unrest across the continent. Anyone who has EVER worked on a foreign exchange desk knows far more about the market flows than they will ever think about with all their law degrees. Based upon the botched job they have mastered so far, the EU will descend into the final destruction phase. The idea that one government would end European wars is producing rising civil unrest and the very finger-pointing that creates war.
The ultimate consequences of this wrong policy from the outset to create a single currency without consolidating the debts of member states, has led to this crisis in the monetary system for the entire world. The consequences will certainly still be felt for many decades to come if not 112 years impacting generations of Europeans. However, the destruction unleashed in Europe will contribute to taking down the United States from its lofty perch and shift the entire new economic age to those nations who were once in the firm grip of Marxism. Continue reading
The UK economy is a ticking time bomb set to explode after the general election, according to a leading City commentator who has warned of a fresh crisis for the pound.
Albert Edwards, who heads the global strategy team at investment bank Société Générale and is well known for downbeat views, chides the coalition for a legacy of “grotesquely wide deficits” in both the public sector finances and on the UK’s current account – its overall trading position with the rest of the world. Continue reading