Sunday, 2 July 2006

If they are not culturally close it can't work!

On 25 October 2011, CBNC quoted former Federal Reserve Chairman, Alan Greenspan thus:

"At the outset of the creation of the euro in 1999, it was expected that the southern eurozone economies would behave like those in the north; THE ITALIANS WOULD BEHAVE LIKE GERMANS. THEY DIDN’T. Instead, NORTHERN EUROPE FELL INTO SUBSIDIZING SOUTHERN EUROPE’S EXCESS CONSUMPTION… THE EFFECT OF THE DIVERGENT CULTURES IN THE EUROZONE HAS BEEN GROSSLY UNDERESTIMATED…

The only way to have several currencies from divergent nations lumped together is IF THEY ARE CULTURALLY CLOSE, such as Germany, the Netherlands and Austria. IF THEY AREN’T, IT SIMPLY CAN’T CONTINUE TO WORK."
In other words, globalisation, the forcing together of ‘divergent’ bits of the whole for ideological reasons, ‘simply can’t continue to work.’ (It never has, Alan. Not for the indigenous working-classes of the West, it hasn‘t)

And yet THEY, the globalists, the Alan Greenspans INSISTED IT WOULD!

Nice admission, anyway. Northern Europe was forced to subsidize southern Europe’s ‘excess consumption’ at the behest of the international financiers, the globalists, the Greensapan types and their bought-and-paid-for politicians. It was they who, stupidly, ‘expected that the southern eurozone economies would behave like those in the north.’

Now, we are casually told THEY got it wrong. What do you think, ladies and gents? What price should the Greenspans pay for the financial meltdown? Do you, for example, believe that they should be allowed to keep their ill-gotten billions? More to the point, do you think they should be permitted to carry right on making more?

Greenspan was head of the Fed Res, the most powerful banking institution in the world, for the nineteen years that led up to the credit crunch of 2008. His laissez-faire, let-the-markets-rule, give-the-big-beasts-free-rein attitude to economics makes him, more than anyone else, responsible for the financial chaos and impoverishment we now face.

He is Jewish.

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