Thursday, November 25, 2010

Euroland being sold off to the Chinese.

With the continued unwinding of the Euro, bailouts and loans, who is really pulling the strings?

The chief architect of the Euro, Germany is finally getting close to acheiving it's dream of being the Head of Europe.

The Germans and their proxy bank, the ECB have successfully duped most of Europe into joining a common currency. A common currency with cross-border interest rates, monetary supply and control mechanisms.

This "one-size-fits-all" only fits one nation. Germany. The industrial giant of mainland Europe has successfully brought the peripheral countries of Euroland to heel. By keeping interest rates low, the ECB has created housing bubbles throughout Ireland, Italy, Greece, Portugal and Spain. There are a lot of people that have agreed to pay over-inflated amounts for bricks and mortar.

The "little people" of the PIIGS are at the mercy of the ECB and the Germans. Those nations are collapsing. Ireland is being encouraged to rid itself of low business taxes in order to pay of it's debts. This will make it worse for Ireland. Low taxation has made it possible for large corporations to operate profitably out of Ireland for the past 15 years. Those corporations brought jobs and money to a country that had been impoverished by financial incompetencies going back to the Easter independence.

Those in the ECB now want to kill off any chance of the Irish getting themselves out of the mire by penalising their taxation model. The EU wants to bring them in line with everyone else. The EUSSR is going to kill off any chance that the Irish have got, bankrupt them and turn them into paupers. They want Ireland to be kept on the breadline so that it has to constantly return to suckle at the teat of the EUSSR, and to gets it's milk, it's going to have to do whatever it is told to do.

The Euro was doomed from the start. Each nation within Europe has different financial needs. Industrial nations need exports, the southern states need tourism and agriculture to thrive. These are two very different types of economy. The hammer of low europe-wide interest rates worked for the Germans, but has led to rampant borrowing by nations that can now not afford the repayments on their debts.

In steps the Germans and the ECB to bail-them out. How much are the PIIGS going to have to kow-tow to Germany to retain any remains of their sovereignty?

As the German proxy bank steps in to provide assistance, they are creating debts owed by sovereign nations. The ECB has no need to keep hold of this debt, it is far more lucrative to sell it on. Make a proft on the backs of the duped millions throughout Europe. Only one nation has the clout to buy up such large packages.

That nation is China. It has vast cash reserves after convincing the West to buy goods and items that depreciate as soon they are sold. China has been using this income to invest in assets that appreciate in value. Not only does China take money from us from trade but it now owns the mortgages that we and our children and our children's children will be paying off long into the future.

People of Europe! You've been had.

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