The Unraveling in Europe

Geopolitical expert, JR Nyquist, on the situation in Europe:

How bad is the financial situation in Europe? Greece may be about to exit the eurozone, though not according to everyone. The Economic Times of India has published an interview with Jean Lemierre, the chief negotiator for private creditors in the Greece bailout. According to Lemierre, Greece has too much to lose and “a majority of political parties are in favor of the Euro.” Yet the Boston Globe is reporting that Bundesbank President Jens Weidmann has warned Europe’s central banks not to increase their exposure to Greece on account of political uncertainty.

Is there really danger? For those who live in hope, and for those who cling to economic optimism, there is nothing to fear but fear itself. For those who understand the Leftward drift of Europe’s political economy, and the inevitable bankruptcy that implies, there is no uncertainty whatsoever. Bankruptcy is coming for everyone and Greece is merely first in line.

The optimists, of course, are putting a brave face on it. They have Lemierre’s soothing words – and these words are repeated on every side. Bloomberg News is reporting that the “euro has weathered the worst financial crisis since the Great Depression….” Of course, weathering is nothing to worry over. It makes men and currencies stronger. It is no big deal if the euro has lost value of late. It is still above the dollar, and will probably stay above the dollar. Or is there someone with authority who says that Greece will lead the way for a series of euro-defections?

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We are approaching a situation in which economic distress engenders political unrest and revolution. If this happens in Europe it will probably happen in the United States as well. Many people will think such a prediction is farfetched, but revolutions have followed on the heels of economic distress in ancient and modern times. It is safe to say that the present economic unraveling isn’t going to stop. The reason for this may be found in the decadence of our civilization. We ourselves have degenerated from our ancestors. All the signs are present, including signs of impending calamity.

Full Article: The Unraveling in Europe (JR Nyquist)

Economic Freedom and the Leftward Drift

Of course, the United States is yet a free country (mostly free, according to the Heritage Foundation); though it cannot be denied that we are “on the road” to serfdom, slowly but surely. Social spending is going to grow because people are going to avail themselves of the government’s “bounty.” Instead of the law of supply and demand, there will be a law of increasing demand for government programs and government money. Already many Americans prefer dependency and entitlement to economic freedom; and this preference will have catastrophic consequences for the country – and may spell the end of liberty.

To quote from Kim Holmes and Mathew Spalding’s Why Does Economic Freedom Matter, “America’s founders knew that liberty is about more than just securing political freedoms. True liberty requires economic freedom – the ability to profit from our own ideas and labor, to work, produce, consume, own, trade, and invest according to our own choices.”

Full article: Economic Freedom and the Leftward Drift (JR Nyquist)