The Unique Property
The Centre Cannot Hold
It does seem as though things are beginning to change. How long
before the mood for change gains enough traction to change the
status quo is another matter, but wherever I look it seems as
though people are starting to wake up and realise they have been
conned over the past few years.
In Europe people are at last beginning to see the results of the
insane decisions that have come down from Brussels. The latest
decision is to try and ban Twitter as it is now open to free
speech, and free speech must be banned.
More and more people are claiming that the EU is about to crack
up. The question is no longer about whether it will split apart,
but when. How long can the euro survive in its present
form? I have always maintained that it is too used and useful
for it to vanish, but so many countries are financially falling
part and there is very little they can do about it while they
have no control over their own finances. While finances are
ruled from the European Central Bank they are stuck.
I did study this sort of thing when I was at university, but
that was a very long time ago, and we didnít have such things as
Modern Monetary Theory, and T2 systems back then. The T2
imbalances are well over a trillion euros already, and that can
never be resolved. I cant see how the system can hold up through
We are in uncharted water financially speaking, and Europe is
being hit from several quarters. First, the entire continent is
effectively bankrupt. We all know that one can struggle on under
such conditions for some time, but ultimately there comes a
point of collapse. Realistically, that should come some time
within months rather than years.
Politically the centre is controlled by a group of people who
are hell-bent on power, and are determined to pursue their manic
ideas even as they march into utter destruction, which they are
doing with a crazed determination. The spectacle is embarrassing
in its absurdity.
On top of that we have the interference from the USA through
acts of deliberate sabotage, and war-mongering. It seems that at
least some people are beginning to see through the confused
rhetoric that all is not well. The continent is being treated by
the US administration as a vassal state, and the realisation is
not going down well in many countries.
Add all these points of attack together and you have a very
sorry state of affairs. And the weather in the north of the
region doesnít help.
Sticking with my main subject in this blog I have to repeat what
I have been saying for some time. Dont take on new
responsibilities. Where this is going is impossible to say, but
one thing is clear, Europe is a mess and there is no easy
solution. There are certainly no quick fixes available, and my
consistent stance here is, dont jump out of the frying pan into