When I speak of the future of capitalism, I mean the future of competitive capitalism—a free enterprise capitalism. In a certain sense, every major society is capitalist. Russia has a great deal of capital, but the capital is under the control of governmental officials who are supposedly acting as the agents of the state. That turns capitalism (state capitalism) into a wholly different system than a system under which capital is controlled by individuals in their private capacity as owners and operators of industry. What I want to speak about tonight is the future of private enterprise—of competitive capitalism.
The future of private enterprise capitalism is also the future of a free society. There is no possibility of having a politically free society unless the major part of its economic resources are operated under a capitalistic private enterprise system. Continue reading
While correct, this article is still missing the main point: Germany knew the Euro would fail.
It wasn’t formed out of stupidity, wishful thinking and day dreaming. It was formed with the desire to engineer a crisis and provide a solution that was already in the pipeline a long time ago. Even Alan Greenspan just recently said the only thing that will save the EU is a United States of Europe. Ironically, he unwittingly mentioned what will happen. It will indeed break up, but 10 will remain and one in particular will rise out of intrigue as described in Daniel 8:23 (See also HERE for further explanation).
The Fourth Reich is running Europe and its United States of Europe along with its European Army is coming. You don’t have to believe it, but a lack of belief itself won’t make what was Biblically written from happening.
This is also what happens after a superpower dies — another power has to fill in the vacuum.
In 1919, the European nations that had prevailed in WWI imposed onerous peace terms on Germany via the Treaty of Versailles. The harsh economic sanctions and reparations imposed on Germany led to economic catastrophe, massive unemployment, hyperinflation and eventual political turmoil, which led to the rise of fascism a little more than a decade later. After only five years of strict enforcement, France finally relented and canceled some of the more onerous terms of the treaty, but by then the economic and political forces in Germany that would see the rise of Adolph Hitler were already in motion. The Second World War was already inevitable.
The insistence of the WWI allies on political humiliation and economic punishment for Germany presents a remarkable parallel to the position taken by German chancellor Angela Merkel over the question of economic austerity and debt repayment for Greece and other heavily indebted nations in Europe. After the human and economic pain of losing two world wars, is it possible that Germany’s leadership has not learned the key lesson of economics, namely that benevolence is always a better course than retribution? Just ask Vladimir Putin of Russia, who has set back his nation’s economy by decades in order to resist the fearsome specter of a Ukrainian free trade agreement with the EU. Continue reading