I like this guy even if he writes for a liberal paper. Perhaps they keep him on as a token of common sense in a world gone crazy.
Read more ...
There are moments of clarity, when things all of a sudden come into focus. This is one of them.
One thing about totalitarians: at least they are consistent. If something doesn’t work, they keep trying to make it work. Choosing a free market alternative isn’t even part of their universe because it involves freedom, which means freedom from government, which is antithetical to them.
It’s helpful to have a little perspective here. The banks are the funding mechanism for building the New World Order. Pain and suffering are administered when recalcitrants don’t want to play. The deal yesterday protects the banks and increases the pain on Greece. It’s part of the plan.
No one should be surprised. When a heroin addict has his supply cut off he goes into withdrawal. In economics that withdrawal, in a paper or digit money environment, aided by fractional reserve banking which amplifies the “hit” through “high-powered money,” is called recession. If the addict is sufficiently addicted, the withdrawal is called a depression. That’s the lesson for today in Europe.
This whole charade reminds me of “The March of the Penguins” as these double-breasted politicos drive their countries into collaborative ruin with the help of the Eurozone and then split when the heat gets too intense. I know it’s a mixed metaphor, but I like it!
Here’s a classic example of a distortion of the free market. Regulators say everything is OK: the water’s fine, come on it. People jump in, believing the regulators. But then they get burned. And then they want more regulation? There’s a logical disconnect here. I hope I illustrated that in this article.
The Euro “deal” is a fraud. What’s surprising is that it took less than 24 hours for that truth to leak out. Not only is Greece not going to benefit in any substantial way from the deal, Portugal is about to get a dose of the same medicine, from the same source, and with the same result.
When some liberal/Keynesian strategy falls flat on its face, in front of the whole world, you would think they might change strategy, right?. Nope. It didn’t work here, but it’ll work in Europe! It’s the definition of insanity. You’d think they really intend the results of their actions, wouldn’t you? Well, maybe they do.
Is this the road we’re on, here in the USA? There are so many similarities, and precious few irregularities or non-parallels to make that a very uncomfortable question to answer.