MUCH ADO ABOUT THE EURO FOR EVERGREEN COLORADO REAL ESTATE INVESTORS
The Euro is quickly becoming as debauched as the dollar. The financial news is jammed with reports about the European Central Bank’s scramble to fund the massive debt that is threatening to bring down the EU. There are cries for austerity, loud calls for containing the run away bond yields of many EU countries, a demand for a bigger role for the IMF in quelling the EU bankruptcy, while the stock and bond markets around the world founder-not knowing what to make of the EU monetary debacle.
Executive type men and women are pictures with stern, concerned looks on their collective faces as they supposedly work long hours to solve the crisis. I guess we are to assume that we have the best minds working the problem and somehow all will be well with the European economy! Of course, it was all these executives who steered us into this global monetary nightmare, and who are intellectually incapable of steering us out.
Every informed observer knows that there will be no long term solution, that the monetary equation always adds up to failure, and the contemporary economic philosophy of monetarism to flawed at it core and can never lead to prosperity. After all the serious officials finish their critical talks, finish their hard won concessions from the Germans, finish their negotiations with the IMF; then the European Central Bank, the American Federal Reserve, and the other partners in the IMF will simply print the trillions of dollars they need to pay back the banks and bond holders that inanely loan money to bankrupt countries.
This will bring the world closer to the final crash that every intelligent observer knows is coming. Big government throughout history has always been the problem, never the solution; and big government will again bring the western world to disaster. It’s just a matter of time.
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