As Silverwolf sits and watches the Revolution take place, comfortably ensconced on his mountain top, far away from those European shores, which is the best vantage to watch revolutions, he reads of the chaos of the PIGS as European Socialism begins its long-inevitable crumble.
A mighty oak can grow and swell to several yards in diameter for hundreds of years, but one day, inevitably, it will crash to the ground, and the vultures of ants, termites, larvae, and woodcutters, will descend on the corpse, all to make use and recycle it for their own pressing needs of life. And so it is with Euro-Socialism, or rather with the whole Keynesian fabulation, which also pervades North America and Asia. Europe is just the first obvious victim of Socialism, because it has been the most vocal in supporting a basically Socialist economy, or a mixed economy with a huge Socialist element, for decades. It’s not only the Swedes and the whale-butchers of Norge who were big fans of Socialism. Remember Bismarck’s Social Security scams, and cushy giveaways to German civil servants; recall that it was Winston Churchill, of all people, who brought in many of the Socialist welfare schemes right after the Second World War that became axiomatic to English life after the dole. Not that they didn’t ameliorate a lot of suffering in the short-term in war-bankrupted England, who came out of it far worse economically than Germany did, but in the long-run they developed the welfare mentality in England, and straddled it with the chastity belt of Socialism that makes culturally-fertile impregnation so difficult. The victors got the drippings of the Americans’ noses; the Germans got massive foreign aid which turned them into the Treasury of Europe. That’ll teach those Brits to fight the war for two years on their own, in place of America, eh what?
So Silverwolf has been observing the slaughter of the PIGS of Europe, those four basket-case economies, Portugal Ireland Greece Spain, acronyming to the little porcine devils. These countries have racked up debt so phenomenal in the short time they’ve been in the Eurozone, that it’s now realized that Socialism has already eaten the cake, and now all of Europe is going to have to live on blanched acorns for the next four winters. The Greek debt alone is a mind-boggling $419 billion dollars worth for just eleven million people. Now that works out roughly to about forty grand for every man, woman and child. And the retzina-quaffing Papadapoli of Maroussi are internationally-known for their vast Capitalist economy, aren’t they? Or has someone been pulling Silverwolf’s hind paws again?
Now $419 billion plus annual interest sounds like an awful lot to Silverwolf when you consider eleven million people owe it, plus annual interest. Not even Brother Obama and his honkies in Congress can rack up debt at that rate. He only racks up a Trillion a year, but that’s for 300 million people, about 28 times the population of Greece.
But then, this is just the beginning of the headache. Because Ireland, Portugal, and Spain, are also in similar straits. Not as dour, perhaps, but not much better. And Spain has a population of 45 million, and the fifth-largest economy in Europe, so if Spain goes down, then the Euro will be demi-castrated, and we will start to see the beginnings of the end for this centralized experiment in forcing “brotherhood” on over 350 million divers people, most of whom have been butchering each other by the thousands, for thousands of years, over thousands of yards of soil. And judging by the animosity which economic problems bring out in people, and the latent nationalism which still infects most of Europe (witness the soccer fan behavior, and the continuing passion for competitive nationalistic sporting events), the “socialist ideal” of bailing out your brother at the cost of higher gas, food and jeans, is one that will quickly bring the “Deutschland uber Alles” pack to its hind legs again.
On top of that, Italy is also getting further into its perpetual fiscal deficits, and will probably soon be terminal instead of just very ill. So perhaps one should Italianly pluralise the acronym to PIGSI.
And Europe’s bankruptcy is all the more amazing when you consider that the American taxpayer has been primarily footing the bill for European and NATO defence costs for decades now. The American Defense spending bills approved almost unanimously by the Democrat Party members in Congress for decades, has helped to keep America a society with many poor people, and with a crumbling infrastructure, while Europeans get the best in free medical care, modern trains, and all kinds of Socialist perks not even available in America. Truly the American taxpayer has been ripped off on Defense spending by the collaborative efforts of the Democrat and Republican parties for years, as well as by the European consumer. Their actions amount to a flagitious moral crime, though they may skirt illegality according to the definition. But public education has so dulled the American’s mind, that most of them fully support the mulcting of their wealth for the benefit of Euro-Socialists.
The crashing of the Euro will be a sharp lesson to the world’s peoples of the dangers of Keynesian, fractional reserve banking, as well as having a central bank that can destroy the value of paper currency by fiat at will. They will once again learn that they have been brainwashed, as they finally watch the inevitable destruction of European Socialism, after their saying it would succeed and be a shining City on a Hill for the last 90 years. How quickly are the proud laid low.
The abattoir is open; the slaughterer has had his three cups of cafe au lait, and is all hepped up and ready for business, and the first Euro-PIGS are coming down the chute.
As the Mob’s slogan goes, “Pay or die”.
Hoooooooooooooooowwwwwwwww! — Silverwolf