Wednesday, July 25, 2012

The Eurozone's Answer to Their Economic Mess

It's fascinating to watch the Eurozone banking troika flounder around undecidedly looking for answers for it's weaker member states like Greece and the Spanish regions. Instead of conducting these fake meetings where nothing substitutive is accomplished maybe they should take a trip to the U.S. and visit America's infamous Bernie Madoff. Let's call a spade a spade, the EU is nothing more then the biggest Ponzi scheme ever devised. And with all Ponzi schemes the scheme stays alive only with new money. If I can take the liberty to suggest what good old master Ponzi schemer Bernie would say is that the EU should add more member states thus spreading the liability around to the next unsuspecting schmucks. This really isn't that hard. So, why aren't they doing it or maybe the question should be why aren't there more countries clamoring to join the EU? Maybe it's because there are no schmucks to be had. Maybe it's because they can see the EU for what it is, one big scam. With no takers and no ability to grow the EU will crumble like all Ponzi schemes and the world's second greatest economic engine will crumble into the pages of history. - N.P.Contompasis    

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