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It seems as though it is only a matter of time before they each fall to bankruptcy, no matter how many bailouts they can muster. It's almost enough to make us change our logo. But, we've always said the euro would fall before the US dollar. The dollar will be the last in what will be a crescendo of currency collapse.
What the students of the Austrian School (aka real economics) have understood since the turn of the 20th century was that this was the inevitable result of the pursuit of the socialist utopia where humans would not have a worry in the world, cared for from cradle to grave by the all knowing state.
The modern Welfare/Warfare state was born in the in late nineteenth-century Imperial Germany under Chancellor Otto von Bismarck – his intention was clear from the outset:
“My idea was to bribe the working classes, or shall I say, to win them over, to regard the state as a social institution existing for their sake and interested in their welfare”
Bet you never saw that quote in your government run schoolbooks. Frideric Howe, an admirer of the german systeml wrote that under that system, “The individual exists for the state, not the state for the individual.” Full story...
Don't miss:
It seems as though it is only a matter of time before they each fall to bankruptcy, no matter how many bailouts they can muster. It's almost enough to make us change our logo. But, we've always said the euro would fall before the US dollar. The dollar will be the last in what will be a crescendo of currency collapse.
What the students of the Austrian School (aka real economics) have understood since the turn of the 20th century was that this was the inevitable result of the pursuit of the socialist utopia where humans would not have a worry in the world, cared for from cradle to grave by the all knowing state.
The modern Welfare/Warfare state was born in the in late nineteenth-century Imperial Germany under Chancellor Otto von Bismarck – his intention was clear from the outset:
“My idea was to bribe the working classes, or shall I say, to win them over, to regard the state as a social institution existing for their sake and interested in their welfare”
Bet you never saw that quote in your government run schoolbooks. Frideric Howe, an admirer of the german systeml wrote that under that system, “The individual exists for the state, not the state for the individual.” Full story...
Don't miss:
- Why modern democracy is for idiots...
- Most Europeans disenchanted with the Euro...
- Why the media is mum about Iceland...
- Nigel Farage blasts unelected Eurocrats...
- How Germany is using the financial crisis to conquer Europe...
- The State and its free-range livestock...
- Pirates and Emperors, thugs and the State...
- Dumping the State, Indian villagers build their own railway station!!!
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