Caught in a trap

http://www.bbc.co.uk/news/business-14038529

Spain, Portugal, Greece and Ireland don't have much room to adjust. The remedies to their out-of-control spending make it harder for them to pay their bills. As they are downgraded, their debt becomes more expensive, and none of these countries have the productive capability to work their way out of debt. As they start on their second bail-outs, the question remains -- when will they be able to stabilize and start the recovery process? I don't see any way they can become competitive and grow their way back, because they have depended on government spending just to struggle along to this point. How will they go from dependence on government deficit spending to private sector wealth creation with the time frame in which they are working? It could take decades for these countries to transition to an economic system which is amenable to private sector wealth creation. Default appears to be the only way out, so all the money being thrown at the problem right now is probably wasted.

I just hope that this "crisis" doesn't grow to the point where the international power elites quicken plans to enforce a new-order solution. We could be in for some amazing transitions in the next year or so. Maybe China will offer to buy the PIGS and teach them how to get things done?

Greece, Ireland and Portugal -- EU mess

I understand that internationalists and One World Government proponents don't like to consider problems in the EU, but the present credit agency downgradings don't look promising, and remember -- reality always wins, so, although the world is busy wondering how Obama can get re-elected and whether Pakistan knew about bin Laden or is just a stupid nation, we might want to take a moment and reflect on the financial problems created by statism. You know, it could even happen to us! I know, it's unthinkable, but I'm just sayin'...

Will the EU break up?

http://www.thedailybell.com/1922/EU-Bust-Up-Seems-Closer-As-Portuguese-Default-Looms.html

I don't see how it can stay together, especially once the nationalist instinct for survival kicks in. This is a good article from the Daily Bell -- they've been writing about this lately, unlike the MSM.

No troops in Libya

We should have protests in the streets if the US committs troops to Libya. Even the now-too-late No-Fly Zone could have been accomplished by the EU and the Arab League. Why does the US, across the world, need to intervene in any way in Libya? If Germany, France, Italy, Britain, Spain and Greece can't handle the Libyan army, then something is terribly wrong.

Nationalist fires in the EU

http://www.thedailybell.com/1871/Europes-Coming-Meltdown.html

The Daily Bell has posted a very good analysis of EU problems as Germany and France attempt to put lipstick on a PIG. My prediction is a rise in nationalism in Greece, Portugal, Italy and Spain, as Germany and France turn up pressure to bring Southern Europe under the North's political control.

This experiment in the creation of a New World Order is experiencing problems of which many skeptics of globalism have warned -- the people of Southern Europe will feel as if they are being punished through austerity because of the failures of the elite in control, and then they will join together under the most powerful and broadest defense available, nationality.