Monday, 19 December 2011

Mission impossible - save the euro

There is only one way to save the Euro, Germany must leave! This would rebalance the whole EU economy at a stroke as E Heath used to say. It requires political courage and leadership so far conspicuous by its absence and would have to be done quickly and secretly. I can do no better than quote that famous Scotsman MacBeth from the eponymous play.

If it were done when ’tis done, then ’twere well
It were done quickly. If the assassination
Could trammel up the consequence, and catch,
With his surcease, success; that but this blow
Might be the be-all and the end-all here,
But here, upon this bank and shoal of time,
We’d jump the life to come. But in these cases
We still have judgement here, that we but teach
Bloody instructions, which being taught return
To plague the inventor.

The Euro is certainly stuck on the bank and shoal of time with a strong wind from the markets pushing it further on. Ships in that position invariably break up and sink and that will be the Euro's inevitable fate if it does not lighten ship and jettison Germany.

The political elite, Monet's successors, will never allow that to happen. They will ensure the ship goes down with all hands except the EU commission who will be in their escape pod to Switzerland and their stash of loot.

Roger Bootle has an excellent piece in today's DT business on this topic a propos the UK.

"The UK policy establishment is still in the grip of three serious economic delusions which appear to dictate continued membership of the EU: top table syndrome, sizism and proximity fetishism."

The first means only politicians and their hangers on benrfit from the EU.

Second flies in the face of economic facts. The countries with the wealthiest ordinary people are small countries with small government and no political elite eg Switzerland, Norway and Singapore. Bootle discusses the reasons for this.

The third proximity argument may have had some credibility in 1950 but the world has changed dramatically since then What does globalisation mean but that we now trade with the whole world so why as Bootle argues should we be hamstrung by EU regulation when trading within the UK or without the EU!

Sarkozy's problem is not with us but with Germany. It is becoming increasingly obvious to all in the world that France is just a pimple on Germany's bum. Until the French face up to this unpalatable truth we will suffer more unjustified irrelevant attacks from the poison dwarf.

When the Franco Prussian politicians admit the truth in this matter the EU is finished, the Fourth Reich is born and we return to the thirties thanks to the EU. Already right wing neo-nazi parties are growing thanks to the EU Euro fanatics pushing more and more the people of Europe into unemployment. 

EUKIP as presently constituted is one of these parties. Alan Sked warned against it but as AEP notes EUKIP is now seen as a bunch of swivel eyed right wing loons.

EUKIP needed to recruit across the whole left right spectrum to succeed electorally. In stead it is just a dumping ground for failed Tories with huge political baggage like Neil Hamilton. You only have to look at Butcher's forum to see what is happening.

As Jeff Randall writes today the euro turkey is well and truly stuffed bit what comes next?

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