Tuesday, September 27, 2011
Bravo Krauts! ---edit--- Boo Krauts!
I have to swallow hard before praising Germany, but in this one case they've got it perfectly right and everyone else is murderously wrong.
Schäuble is trying to enforce frugality, while Fingers Geithner is sticking to his insane evil plan of printing trillions and trillions and trillions and trillions and handing it all to the criminals who created the problem, so they can create an even larger problem.
Germany is the only sober man at the party. US is pouring barrels and barrels and barrels of 200-proof firewater down everyone's throat.
= = = = =
Of course the only REAL solution is the one that NOBODY at the party will choose, not even the Krauts. Break up the party and go home. Give up the whole EU and return to the old concept of independent nations.
All of these international mashups were a terrible idea from the start. Most of the world (except EU and US) has realized it by now.
= = = = =
Update 9/29: Well, the sensible and frugal people of Germany lost, and the EU wackos won again. Merkel got the bailout through Parliament after all. So much for a brief sign of sanity. ¶ 3:37 PM
German finance minister Wolfgang Schäuble said it would be a folly to boost the EU's bail-out machinery (EFSF) beyond its €440bn lending limit by deploying leverage to up to €2 trillion, perhaps by raising funds from the European Central Bank.
"I don't understand how anyone in the European Commission can have such a stupid idea. The result would be to endanger the AAA sovereign debt ratings of other member states. It makes no sense," he said.
US Treasury Secretary Tim Geithner has been a key driver of plans to give the EFSF enough firepower to shore up Italy and Spain, fearing a drift into "cascading default, bank runs and catastrophic risk" without dramatic action.
Schäuble is trying to enforce frugality, while Fingers Geithner is sticking to his insane evil plan of printing trillions and trillions and trillions and trillions and handing it all to the criminals who created the problem, so they can create an even larger problem.
Germany is the only sober man at the party. US is pouring barrels and barrels and barrels of 200-proof firewater down everyone's throat.
= = = = =
Of course the only REAL solution is the one that NOBODY at the party will choose, not even the Krauts. Break up the party and go home. Give up the whole EU and return to the old concept of independent nations.
All of these international mashups were a terrible idea from the start. Most of the world (except EU and US) has realized it by now.
= = = = =
Update 9/29: Well, the sensible and frugal people of Germany lost, and the EU wackos won again. Merkel got the bailout through Parliament after all. So much for a brief sign of sanity. ¶ 3:37 PM
