I have a German friend told me that there is absolutely no reason for them, German, to retire at 65 while the Greece to retire at 57 yet need their financial help...
Looking at the current situation, people would wonder how to keep all the countries in Euro Zone to work together... For they have their very own and broad range of cultures, social benefits, productivities, etc.
Looking at the current situation, people would wonder how to keep all the countries in Euro Zone to work together... For they have their very own and broad range of cultures, social benefits, productivities, etc.
Attached is a link to an article on the cause, current situation and potential effect that may hit the world.
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1. It Starts With The Euro ...
In 1999, most countries in the European Union adopted the euro as a common currency. This union allowed poorer countries like Portugal, Italy, Ireland, Spain and Greece to borrow money at the same low interest rates as rich and financially prudent Germany, even though their inflation rates were higher. That give them a strong incentive to borrow.
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See from the excerpt... How could one lend more money to those companies that are continuously losing money with no particular plan to do better, and just hope that they can perform better and return the money in the future?
With the computer aided simulation, one can simulate to send a rocket into the space and turn a few rounds about the earth and bring it back before the real one is actually launching. As, all these financial data has been there all the while and more importantly the trend was there, yet the politicians need to wait till last minutes to inform the public with no plan in advance. What's going on wrong?
Therefore, there is reason to "re-think" about the whole thing...
What was the Real INTENTION to create EURO?
Was the Euro Zone create to last or Intentionally created it to Fail?
Now, if one were to compare the current Euro Situation with the story line in the Book "Atlas Shrugged"... He can find similar situations...
In Greek mythology, Atlas was the primordial Titan who supported the heavens. You may have seen some of his pictures - who holds the world on his shoulders. By the name of the book, "Atlas Shrugged", Atlas wondered why should he support the world by himself all along... and he just let go and shrugged.
Now, if one were to compare the current Euro Situation with the story line in the Book "Atlas Shrugged"... He can find similar situations...
In Greek mythology, Atlas was the primordial Titan who supported the heavens. You may have seen some of his pictures - who holds the world on his shoulders. By the name of the book, "Atlas Shrugged", Atlas wondered why should he support the world by himself all along... and he just let go and shrugged.
In the book, there were a few genius, lead by John Galt, believed that the system that they lived-in was not set up right and wanted to change the world. They secretly persuaded the world's creative leaders,
including inventors, artists and businessmen on by one to quit and disappear
from their position and join him. They organized the team in an effort to "stop the
motor of the world" and bring the society to collapse - so that they can carry out their plan.
They did not just sit aside, just shrug and watch, rather they planned in every detail and executed their plans religiously to speed up the collapse of the system. So, that when the government cannot handle the chaos, they eventually have the opportunity to step up as heros to execute their blue print in mind.
On one of the tactics in speeding up the process, by Francisco d'Anconia, one of the central characters, was to create good investment opportunity to bring in huge funds from the society and then destroyed it on purpose. At about the end of the story, he personally destroyed the world's largest copper mining empire that he owned by inheritance.
Doesn't it looks like what is happening to the global financial system now?
"Give me control of a nation's money and
I care not who makes it's laws"
- Mayer Amschel Bauer Rothschild
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------------------------- Add on @ 1 Aug 2012 --------------------------
What is the implication of the "Fall of EU"?
Here is an excellent interview: start from 8:00min.
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The political and economical crisis of the EU might help a new European Hitler to emerge, warns historian Geoffrey Roberts. He believes the current rise of ultra-nationalism in Europe resembles that one of 1930s as history tends to repeat itself.
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YouTube Link : <- (If there is a problem watching it here)Here is an excellent interview: start from 8:00min.
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The political and economical crisis of the EU might help a new European Hitler to emerge, warns historian Geoffrey Roberts. He believes the current rise of ultra-nationalism in Europe resembles that one of 1930s as history tends to repeat itself.
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