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Any world is an illusion, but within illusion, another world, a better world, seems possible. In the material world, the one we think is real, the divide between the 'left' and 'right' is an artificial one. This divide serves to keep us separate from each other and prevents us from seeing clearly that we in fact have shared interests and a common enemy. A better way to approach economy, politics, culture and society would be to take note of the ways in which our societies are divided horizontally: the interests of the few (the elite) and the many (ordinary people). The elite wants to oppress and exploit the rest of us. In a material sense, they are our enemy. They are working to establish a One World Company, aka a totalitarian New World Order. World government is the last thing ordinary people need. We need free and open communities with equal rights for everyone and a profound respect for the many differences between us. We want freedom rather than security. We want peace, not war. Above all else, we want truth, dignity and justice. ~ The Editor
XML FeedsCrisis Conditions Grip Eurozone
'A new week, a new crisis, a new promise for some
kind of solution and then another new crisis.' (SMH)
From inception, the euro system was doomed to fail. In the 1990s, Progressive Radio News Hour regular Bob Chapman predicted it.
So didn't British economist/euro expert Bernard Connolly before its January 1999 introduction. His 1995 book titled, "The Rotten Heart of Europe: The Dirty War for Europe's Money" explained the risks in detail enough to understand.
More recently, he said troubled Eurozone countries can't cut their way to recovery. Austerity is a hairbrained disastrous policy. So is the "malignant lunacy of monetary union," combining 17 dissimilar countries under one monetary/fiscal system.
It's as nonsensical as mixing fire and ice or believing more debt reduces out-of-control levels.
In 1998, Connolly predicted that one or more weak European countries would face rising budget deficits, economic trouble, and a "downward spiral from which there is no escape unaided. When that happens, the country concerned will be faced with a risk of sovereign default."
It's now perilously close to happening. Greece already is bankrupt. Only its obituary hasn't been written. Its moment of truth heads closer, and with it a bang spread round the world.
Euro straightjacket rules destroyed it. Other troubled Eurozone countries face similar problems made worse by austerity and more debt. The system doomed to fail is cratering. From inception it was sure to happen, but fraudulent reengineering made it look workable.
In contrast, mainstream economists are paid to see blue skies and say so even when so often they're wrong. In addition, they consistently miss key turning points. Their Eurozone analysis is wrongheaded, and so aren't major media opinions. At least so far.
