Showing posts with label Euro. Show all posts
Showing posts with label Euro. Show all posts

Wednesday, December 1, 2010

Revolution # 9


It’s not about the Euro. It’s about revolution. The Left has seized the day. It will not allow cuts to the welfare state. It does not care about the Euro. It does not care about capitalism. All the Left cares about is bringing down the system which is now teetering on the edge.

As in the U.S., it was the Left that had been pushing for freebies that were essentially unaffordable. There was some semblance of affordability as long as economies kept growing. Now, that the slump cycle has set in, what had seemed affordable, is suddenly unaffordable. To the Left, this is a distinction without a difference. It is not that the ‘educated’ Left could not foresee this. They saw it alright. It was a set-up. It was planned. All they had to do was wait.

The waiting is now over. For the Left it is now time to act; to take to the streets; shout slogans; raise the red flag; do some damage; open some heads. For the Left the worst thing that could happen now is for the economies to recover; for people to go on as before. “Barack will not allow…”

Even recovery is now booby-trapped. All that pent-up demand. All that consumer spending would just show up the Euro (dollar) for what it’s really worth - nothing; or, at the very least, considerably less than what people expect.

Any way you look at it, the Euro is finished. The dollar is over; even though it may appear marginally better off than the Euro. People will not allow themselves to be taxed out of existence - in North Korea, maybe; but not in the West.

Still - taxation or inflation - it all comes out to the same: civil unrest, which will lead to political chaos. Left or Right, it won’t matter. The solutions are the same for both. There will be blood. The revolution is here. The Left has won.

In America, we think the revolution has already happened; that it happened at the ballot box - nice and neat - with the Republicans taking charge of the House. The verdict is already in: NO COMPROMISE; no solution. The old ‘evils’ are beginning to crumble one by one: the Bush tax cuts; the Bush wars; American exceptionalism; global alliances. Revolution is the end. It is here. After that, …who knows?

http://pkoelliker.blogspot.com/

Sunday, May 30, 2010

Yes, Virginia...


It is perhaps unfair to blame the Marshall Plan, the Euro, the Cold War or anything else for today’s geo-political troubles. Everything that America has ever built and nourished over the years wobbles – from Europe to the Middle, near and Far East. For too long now, we’ve let everything coast. We’ve taken our eye off the ball; we’re loosing our grip domestically as well as internationally. God help those who’ve been depending on us; at the very least, to make some noise up in the peanut gallery. Americas has exited the stadium.

It’s sad, really; for what will take its place will not be America-like; will not be freedom, liberty, opportunity, fairness and the human right to dignity. The veneer of civilized behavior will be painted over in blood red: brutality, oppression, and dull endurance.

All those on the Upper East Side who have been hankering for it will be the first to feel it – the blade of the thieving knife; the degradation – their sad sack bones cast into dungeons to rot. “Are we there yet?”

“Hush, hush, Virginia! Can’t you see there’s traffic? Our new driver (What was his name again? I can never remember the names of these damn foreigners) is doing the best he can. – And yes, Virginia, there is a Santa Claus."

Monday, May 10, 2010

Germany Bails Out Greece


The big political battle of our time is the struggle between Left and Right. The Left is winning. It’s late in the fourth quarter, the score is tied and the Left has the ball on the Right’s three-yard line. Merkel knows how the game will end. By calling for a time out now – by agreeing to bail out Greece - she intends to postpone the inevitable, hoping to no longer be on the field when the final score is announced. In German it’s called Realpolitik.

The Left seeks the total collapse of world currencies. By beggaring the middle classes, they intend to bring about the chaos that would usher in totalitarian state communism. Bailing out Greece at this point merely kicks the can down the road. Further bailouts are all but inevitable. This will anger the German populace to the point of turning its rage against Merkel’s right-of-center party. Leftists will take up the reigns. The next time the issue of the PIIGS needing money arises, there will be no hesitation about what to do. Neither will there be any incentive for any individual nation to pursue economically sound policies. The Euro will collapse, followed by societal upheaval. In the people’s frenzy to save themselves, they will seek out scapegoats. As Batchelor often says, “There will be blood.” The perceived ‘rich’ will be targeted and sacrificed on the altar of ‘Social Justice' (and Merkel will be permitted to sit by, knitting).

After the revolution, people will be starving and begging for leadership. Strongmen will emerge and rewire the West into a series of cooperative communist dictatorships in which economic principles no longer apply. Cronyism, brutality and ideology will comprise the new world currency.