The following is excerpted from “Euro-Bondage & The Next Tier of Tyrants,” my new WND.COM column:
“On Wednesday, Sept 7, patriotic Germans received bad news. A group of jurists and economists had petitioned the German Constitutional Court in Karlsruhe. Their case was that Germany’s ‘participation in the euro rescue fund packages’ undermined the democratic and property rights of German citizens, as elected officials had little say in these deals.
The high court rejected these arguments, although it did crack a Teutonic joke: Presiding judge Andreas Vosskuhle recommended that, in the future, the people’s representatives get more involved in deciding how the money of constituents is distributed.
The contagion of the sovereign debt crisis in Europe has been exacerbated by the financial collectivism imposed by the Eurozone and the wider European Union (EU), whereby the more productive member-states foot the bill for their profligate neighbors. The latter “PIGS” states are Portugal, Ireland, Greece, and Spain.
And now Italy; it is teetering because of the Italian government’s liabilities—compounded, as in Greece, by the insatiable demands of an ever-accreting oinks sector.
A world perfected by global central planners is one in which wealth consumers live at the expense of wealth creators; where the rich are coerced into paying for the poor, the North for the South.
In this increasingly centralized dispensation, financier-cum-philanthropist George Soros holds sway. Soros has generally acted against the sovereign coin, and as a proxy for centralized power and bankers.
Just last year, Soros attempted to muscle Germany’s Chancellor Angela Merkel into printing and inflating her country’s currency—perhaps not to Weimar-Republic levels, but to Obama banana-republic standards …”
Read the complete column, “Euro-Bondage & The Next Tier of Tyrants,” now on WND.COM.
My new book, “Into the Cannibal’s Pot: Lessons for America from Post-Apartheid South Africa,” is available from Amazon.
A newly formatted, splendid Kindle copy is also on sale.
UPDATE: Americans have just heard their insufferable president propose $400 billion more in deficit-spending, to be paid for not by cuts to government but by a future, slowdown in the rate of the growth of government, over ten years.
How bad are American federal policy makers? Put it this way: The European Central Bank is more prudent than the Federal Reserve Bank, by far: It has raised interest rates over the last few years. Moreover, as bad as the Eurozone’s bailout culture has become, debtor countries have been forced to commit to austerity measures as a condition of bailout. Any parallels in the US?
Another point in favor of the Europeans: the EU is more likely to dissolve than these United States.
