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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 387.98+1.3%Nov 28 4:00 PM EST
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To: carranza2 who wrote (83108)11/14/2011 5:55:15 PM
From: TobagoJack2 Recommendations  Read Replies (1) of 218106
 
acting man update:

Euro Area - False Dilemmas and False Choices
The media continually present us with a very limited set of choices with regards to how the euro area's debt crisis can be overcome and how 'saving the euro' is to be achieved. This paucity of imagination can be traced back to the originators of the underlying false dilemma, all of whom are statist intellectuals of one stripe or another, whose thinking is strictly circumscribed by the current economic orthodoxy. These leading lights are mainly interested in what one might term the statist quo. The giant welfare/warfare state, its existence qua State and as an entity that has taken over an enormous percentage of economic activity is not to be questioned. Its survival and thriving and that of the cartels it has sanctioned are the paramount concern.
Decades of propaganda have taken their toll on even otherwise critical minds. Long time euro critic Ambrose Evans-Pritchard is one of those. Not content with having been vindicated by the crisis, he now expresses support for solutions like debt monetization and fiscal union. In short, he supports what are ultimately the two biggest errors that are sold to us under the 'there's no other choice' label. There are completely different paths that could be taken, if only someone had the guts to do so. Includes complete chart update.
acting-man.com
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