It is remarkable how quickly things in Europe have changed and how utterly the old solutions are seeming, suddenly, a little silly.
Growing an economy by sacking a hundred thousand public servants? Really? And halving the old age pensions? Really?
What will happen for sure now, I surmise, is what I recommended six months back: a two-currency Greece, with the euro and the drachma, the drachma not to leave the country; a two-currency Ireland, with the euro and the punt; a two-currency France, with the euro and the franc; and so on. Food will be grown and marketed, jobs created moving it about and cooking it, wages paid half-and-half, or two-to-one in the local and the universal currency, and sanity, all over, restored. If Tsipras nationalises the banks as he is planning to (and Chifley wasn’t able to), the whole thing could happen pretty rapidly.
And we could do the same here after trialling it in, say, Tasmania.
If Greece goes the way it seems to be going, and Cameron falls now his dates with Rebekah have been revealed, this EuroSocialist Tsunami (EST) is a near certainty.
Or perhaps you disagree.
Name:
As the Spanish Government is about to have to bail out the Spanish Banks to the tune of $40 Billion, and CIA made underpants bombers are deployed and withdrawn, Germany threatening France not to back out on their austerity program, and while the Greeks have been austerity driven by the rest of Europe to elect a Facist political party that will probably have a rep in the upcoming Government, and while David Cameron rehearses his testimony before facing Levenson (and probably his wife) as to why he was texting incessantly with Rebecca Brookes and as the Euro falls in a hole, Peter Slipper now on leave with pay, visits his local Bunnings store and buys a new lock for his bathroom door,he takes the bus and saves the ticket stub as we quickly approach the end of the financial year.
Surely the Second Coming is at hand.
Slouching, slouching.
The worst are certainly full of passionate intensity.
Moving her slow thighs.
Rough Beasts we have in plenty; but it has the head of a man.
Pig’s have deep hats, entire industries exist to supply a surplus of rabbits and bearded ladies.
I see goldfish. An appropriation of the Musical “Grease” where derp is the word. I see panicked pigs pushing buttons and I hear the crump crump crump…..
They say you should of seen the sky at the Berghof the night the Molotov–Ribbentrop Pact was signed.
I reckon though I might have seen it once upon a dream….
Armaggedon Scwharmageedon. The end is not at hand you miserable doomsdayers. Bob you are spot on. If you haven’t already, listen to – How four Drinking Buddies Saved Brazil – http://www.npr.org/blogs/money/2010/10/01/130267274/the-friday-podcast-how-four-drinking-buddies-saved-brazil
It’s been done before.
What a wonderful piece.
Thank you.
Another “rogue” trader (rogue, always rogue, never a good soldier, or a loyal worker, or a true company man) I say another rogue trader from JPM by the name of Bruno Iskil has gone down the road of Nick Leeson and Jerome Kerviel with trade positions on credit derivatives that could end up costing JPM $20 Billion dollars (costing the American Taxpayer and hence us as well, as they will be inevitebly be bailed out by the US Govt.) JPM maintain that all is fine, and that they have taken steps to remedy the situation, and it’s their fault and the guy will be punished, and they’re sorry.
Meanwhile we laugh at the lazy tax avoiding Greeks and tut tut their financial recalcitrance and their Entitlement addiction.
“Rogue” fuck me!