My final word on the EuroLaLaLand

Name that gnome ->

I am so very fed up with the utter nonsense that our political leaders are spouting about the damn EU – day after boring day.

• Clegg – a disappointment – a disaster of a man – wake up you idiot!
• Cameraman (no- not a spelling mistake) – out of his depth – a shallow man with no understanding or clue.
• Osborne – sigh
• Milliband – a tragic mistake in Labour’s history (as was Brown, as was Blair)
• Balls – Muahahaha
• Cable – Oh dear – what a disappointment
• Farage – perhaps a hint of hope lies there ..? Nope …
• Sarkozy – Muahahaha
• Merkel – blind but possibly well intentioned but a disaster for all of us

No statesman in sight – anywhere – what a tragedy for Europe!

The Euro can’t ever work because :-

a) The international value of a currency depends on the relative strength of its economy as compared to others. The markets know that, but, because they actually believe in money then they go along with the deception which is the Euro. They actually have to believe that “confidence” can be restored, for without it, they would lose all their bonuses, their businesses, their jobs – just like us!

b) The Euro was, and remains an illogical construct which can never, ever work because a shared interest rate mechanism requires a shared taxation and fiscal policy mechanism. It really is first year first term economic theory!  Just accept that simple, sensible fact and revert back to the EEC – remember that one? the one everyone thought was a good idea?; the one we voted for in 1975? If you can’t “just accept” that assertion then just imagine Berlusconi in charge of France & Sweden. Just imagine Merkel running Greece – you catch my drift!?

c) There is no democracy. The EU Commissioners are all powerful, all decisions are taken after a nice dinner, in private; the MEPs are therefore pointless window dressing. When EU members break their own rules there is no retribution or consequences. The best example I can give is allowing Italy to join the Euro in the first place. Italy could not and did not meet 3 of the 5 basic criteria set out in the Maastricht agreement.

d) Even Germany is over extended on debt (as are we, only less so). The Euro only works for Germany and perhaps France – but that’s it.

e) As for the other members of the Euro – we can’t even remember their names (former members of the USSR if you were wondering, but I suspect you were not 😉 )

This slow death by a thousand cuts trying to save the Euro is just naïve, illogical, criminally incompetent and simply can’t work.

The solution?

The ONLY solution is to recognise the reality of the debt we can’t repay; tell the banks that we won’t be paying it all back – let the financial classes take their haircuts and wait 25 years while we all sort ourselves out.

This requires politicians with cojones (balls to you), intelligence, integrity and communications skills – yeah right!

Nuff said.

PS: A more detailed solution is to be found in meBook  and elsewhere in this blog …happy reading

PPS: As there is nothing else to be said on Europe – I will concentrate on Great Britain from now on

PPPS: Yes – I really do know that nobody reads this 😉