THE EURO: A Machine Of Perpetual Destruction

September 28th, 2011

FAKE NEWS for the Zionist agenda

Cullen Roche,
Pragmatic Capitalism
Sept 28, 2011

The latest piece by Ambrose Evans-Pritchard of the Telegraph highlights a disturbing error this deep into the crisis. Angela Merkel is still referring to this crisis as a debt crisis:

Angela Merkel told German industry today that we are not facing ”a euro crisis, but a debt crisis.”

He goes on to describe why this is wrong:

“She is wrong. Total levels of private and sovereign debt in the eurozone are lower than in the U.K., the U.S., and far lower than in Japan.

…Not because of debt, except in the most superficial sense.

The reason this crisis keeps grinding ever deeper is because the euro itself is a machine for perpetual destruction. The currency is fundamentally warped and misaligned.

It spans a 30pc gap in competitiveness between North and South. Intra-EMU current account deficits have become vast, chronic, and corrosive. Monetary Union is inherently poisonous.”

Now we’re making progress! Mr. Evans-Pritchard has an enormous audience in Europe so hopefully his message will get through to some extent. You can’t resolve a disease if you don’t even understand what’s causing it. Merkel’s comments are eerily similar to what we heard from Ben Bernanke and Hank Paulson in 2008 when they misdiagnosed a household debt crisis as a bankingcrisis. Europe must understand that this is a currency crisis and that there is only one true fix — the creation of an autonomous Europe. Mr. Evans-Pritchard thinks that can best be done via a split in the Euro (which would still require a central Treasury) or dissolution. I have said there is a third option — a United States of Europe. But we can’t expect them to move in the right direction if they still think this is a banking and debt crisis. That will simply lead to bank bailouts and the American disease of bailing out banks without fixing the actual cause of the economic problem.

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12 Responses to “THE EURO: A Machine Of Perpetual Destruction”

No matter how much Germany tries to bail out Greece, Italy, Spain, Portugal and Ireland, it is like trying to bail out a rowboat with a thimble,when the rowboat has a 6″ hole in its bottom. Any bailout, will at most, get them a few short months afloat, but no matter how much they pour into those countries, the debt continues to grow. The biggest mistake Europe made was letting someone talk them into one single currency. Even an idiot knows that a chain is only as strong as its weakest link.

Tom Reply:
September 28th, 2011 at 12:50 pm

The European Union is in the exact same boat as the United States: a controlled depression of the currency, which will NOT result in the destruction of the currency just yet. Neither is the E.U. in danger of disintegrating. The E.U. is in it’s final format as one of the 10 supernations that are being created by all these mergers (that take place in the name of “economic partnerships”). The Euro will be replaced at some time, but the “country” now known as the European Union is here to stay.

Peter Wolf Reply:
September 28th, 2011 at 3:10 pm

Further to that the plan is to use the manufactured crisis to drive investors towards investing in treasury bonds and dollars/currencies instead of the markets which they are trying to sabotage and devalue which amounts to bailing out govts and private central banks.This is why i keep hearing comments and statements claiming that treasury bonds are the safest form of investment in the present manipulated climate.Its like they are herding sheep into a pen before they are all led off to the slaughter.
Living in Germany for quite some time, it was the currency that screwed every single common citizen there when the D-Mark was demolished. Supposedly 1 Euro was worth 2 DMarks, yet almost all prices were changed 1-1. Which means that Germans had less money available and of course less buying-power.
In that regards it is surprising that zee germans are mostly the only ones who actually had no real recession at all to experience. Maybe “Schrubber” Merkel counts on that when she makes statements like the one above.

The problems in Greece, Italy, Spain, Ireland, Island, Portugal are far away from Germany yet too close to remain quiet, what Merkel should do way more often. In my opinion the Euro AND the EU should become demolished now, it was a nice idea to have on the continent one currency, BUT the action that followed was far beyond reasonable.

And just today they installed new programs for countries that do not follow financial supervision in the EU, as in, they have to pay more. Like Greece could now pay more…it is really strange to see that lack of reality, after everybody could see what happened in the US with the bail outs. It helped the rich, but brought the economy just further down.

ANd one more thing, if it would be ONLY about debt, Japan would not exist anymore…they are way more in debt than the US or any EU country. But that is something the Dr. in Physics Merkel does not get anyway!

ConcernedSenior Reply:
September 28th, 2011 at 11:58 am

It is the same problem with all FIAT currency. Since there really is nothing to “anchor” the value of the Euro, or the DM, and since NO major currency is backed by gold, the currency rates float with what the market bears, and how much paper they spew out.
Use monopoly money- it’s worth more than the world’s paper currencies today. Just as the US economy would be destroyed if other countries stopped accepting Dollars, if countries decide to stop accepting EUROS, then down goes Europe. Countries like Germany should get out while they can.

julian2209 Reply:
September 28th, 2011 at 2:12 pm

On the contrary Senior, if the Euro falters, the Dollar will remain the main currency in the world market….it might be a game who has the longer breath. Because you are right, IF only the oiltrade would be valued in the future in any other currency than the US Dollar all hell will/would break loose, including wars for currency issues.

But nevertheless, I agree, countries like France, Germany, Netherlands and a few more should leave the ship while they can. Their former currencies were stable and the losses overwhelmed the gains…

Peter Wolf Reply:
September 28th, 2011 at 3:25 pm

The future of the Dollar isnt any more secure than the future of the Euro so the Dollar will only remain the main currency for as long as it is planned for unless the destruction of the Dollar has been put on hold for now[they are using the Eurocrisis to temporarily make US Treasury Bonds and the Dollar a safer form of investment] but if that is the case then there wont be a QE3 which is unlikely.Also there wont be any wars over currencies if the banksters and the UN/NATO etc have anything to say about it.

The net of complete control is closing in……

“Their former currencies were stable and the losses overwhelmed the gains…”

Not sure if that makes any sense.
Hey morons, you owe the debt to the illuminati. Just arrest them you spineless yes men, you’re the ones in charge. That would really choke up the ‘ol heart of Mr. Wheelchair Rockyfella I am carted around as the disheveled globalist monkey that I am.
[the euro itself is a machine for perpetual destruction. The currency is fundamentally warped and misaligned.]

Ah, but to the globalist it works just fine. No gold or precious metals to support the currency means you don’t have a dime !
Sabotage the Euro and then sabotage the Dollar once all the investors have been driven into investing in the Dollar as its all a trap .Then once the FEDRES dollar is done with everyone invests in the Yuan instead and then the transition of China into the No1 economic currency is complete.

getreal500 Reply:
September 28th, 2011 at 4:04 pm

Great idea! Shorting the euro…………..now! This idea should make me a fortue!
I’ve got an idea……..from now on, Germany can just hand over all the money they make to Greece, Spain, Italy Ireland and Portugal! For ever and ever!