Euro Bailouts Not Working

Just last week, Spain was granted a $125 billion loan designed to shore up bank imbalances. After numerous bailouts in effort to save the European Union, surely this latest loan will solve the problem.

Memo to all the politicians and technocrats across the globe; the problem is far from being solved. In fact, most if not all of these measures are simply a variation of kicking the can down the road. With overwhelming debt, the EU members become slaves to those who "lend" them the capital or forgive loan components.

As bad as this is under governmental officials that can be voted out, (November cannot come quick enough here in the States), imagine the position of those being held accountable by technocrats who are not accountable to those they are governing over. Simply put; smothering.

While the fallout from this unfortunate circumstance mostly viewed from a financial perspective, the costs are far greater. The loss of jobs skills, of those who can find employment, the hopelessness of the encumbrances of escalating success and the breaking of the entrepreneurial spirit and robbing people of their identity are social costs that burden families and communities.

Historically, tyranny has come from out of control governments, who under the premise of helping those who are in need steal freedom from the citizenry right under the nose of the governed. While everyone watched European member countries embrace socialism and spend beyond their means for decades, we have recently been warned, most notably by Nigel Farage, how further bailouts would cause further erosion of member nations sovereignty, elevating hopelessness and despair for the governed.





Like a boulder rolling down a hill, the suffering continues. Countless bailouts have accomplished nothing, with billions having been wasted. Ireland and Portugal are shake, Greece is in crisis and Spain just got saved. Italy is real trouble also. Nigel Farage further explains.





While the bailouts have calmed waters temporarily, they have not solved the problem. In fact, these decisions will create deeper pain in the future as the bailouts become more expensive until they cannot be paid and the economies crash. What government entity led by whom will rush in to take over? A scenario similar to this did not go well in the 1930's.

Each of these countries need to break away from their slave masters and regain their sovereignty. At such time, although it will no doubt be painful, a firm foundation built upon freedom and capitalism can emerge with hope for the future for all of the citizenry.

It is just that simple.