Thursday, May 10, 2012

Extreme Conditions

The Eurozone experiment, based upon fellowship and trade, has resulted in the loss of sovereignty and freedom for each of the members, and it must be broken apart. 

Not withstanding the economic doldrums brought about by socialism, participatory countries have lost the opportunity for economic adjustments because they are no longer in control of their budgets due to being under the thumb of the EU, who extended bailouts. Since the EU is run by technocrats, who are unelected managers of the economic freedom of the participants, countries feel restricted and desperate while being governed by outside interests.

Nigel Farage, who has been a vocal opponent of the EU, notes the negative byproduct of the collapsing countries and what happens to the citizens when hope is lost, including civil unrest,which we have already seen as austerity measures have been implemented. Nigel goes on another epic rant:

 

Recent elections in Greece had the Greek citizens looking for answers from any and every various group who claimed to have answers to their economic conditions and fears. One such group that made sizable parliamentary gains in the elections was The National Party of Socialists, otherwise known as the Nazi party. Yes, that Nazi party.
Embolden by their gains, the Nazi party promptly issued a number of chilling threats, elevating fears of a return to much darker times. The familiar road being traveled in Europe is very dangerous, as Glenn Beck reported on The Blaze and in the following report on GBTV. Take a listen:





While perhaps well intended, the EU is destined to fail. The EU has not the funding to backstop the PIIGS, and with Greece imploding, the dominoes are lining up for the EU failure. EU countries seek a return to Democracy, and as Farage has said in the past, hopefully the markets take out the Euro, as it looks like it might.

The demise must happen quickly, because the extremes on the right and left are rising in similar fashion to how they did in the 1930's. Markets often take on a persona, and in this case I hope the market takes out the EU before one of these extreme groups gains too much power.

While many seem to have forgotten, it would be wise to remember the last time an extreme party rose to power out of similar economic and social conditions.

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