Loading...
Most Recent Stories

RIOTS IN EUROPE CONTINUE AS FLAWED CURRENCY SYSTEM IMPOSES HARDSHIP

The following video doesn’t require much commentary.  As Germany enjoys its great economic boom and their bankers remain safe from losses violence breaks out in the periphery. The EMU is clearly not hearing the message that change is required within this inherently flawed currency union. The ECB, IMF & Bundesbank continue to impose austerity on countries which clearly had no business entering this union to begin with. Now, they are trapped within this system in order to save bankers from taking losses. The greatest risk to the EMU is not the ability of these countries to survive this period of financial hardship – it is the fact that citizens on the periphery are beginning to realize that they are on the losing end of the core’s winning trade.

Comments are closed.