Monday, November 15, 2010

Ireland, Greece, Europe, and the Death of Socialism

It's amusing to look at the outrage from European countries over the stimulus measures of the Federal Reserve which will cause more economic problems domestically and around the world, as Europe has been pushing for socialism to be embraced by America all the while their own socialist experiment has been crumbling all around them.

No one has described the inherent weakness of socialism better than former British Prime Minister Margaret Thatcher, who said the problem with it is you eventually run out of other people's money, and that's what is happening in Europe, as the debacle surrounding Greece and Ireland have shown, and they're far from being the only countries having the problems, although the majority of media have been far less than aggressive in exposing the real risks.

The response of those who have been parasites off of the productive in Europe is predictable, as they've been rioting over not being able to continue to siphon off money, as there is no more to give to them; at least in any sustainable manner. As Thatcher said, the money of other people has indeed run out, and now it's time to end what many have always seen as an experiment doomed to fail.

Now that the U.S. has partially embraced socialism itself, it is now facing similar challenges, and politicians so far are refusing to take austerity measures to combat it. The Federal Reserve is just going to print another $600 billion in order to mask the ongoing problem, and kick the can to the future.

The recent bailout of Greece and other countries in the EU confirms they don't work. Originally it was asserted that the bailout would last for several years, when it fact all it did was offer relief for several months.

Europe is probably a worst disaster than America at this time, and the sovereign debt crisis continues even as the announcement it was over is barely out of the mouths of its political and economic leaders.

Until they admit socialism is a dead theory, everything they do will only be a band-aide on the problem. Not only is socialism a dead theory in, well, theory, it's dead empirically, as we've seen it's total failure and the consequences of implementing it before our eyes.

Governments will be forced to slash their foolish programs and start to manage their promises, as they aren't able to be met, and never were able to be met.

America will have to do the same very quickly or end up in the same place Europe is heading, and is more than likely, already in.

These circumstances will be very beneficial to gold investors, and we're far from any real recovery. Most things central banks are doing are only making the situation worse. We need to keep looking for market corrections as buying opportunities at this time, as we're in for a long and wild ride with no light at the end of the tunnel.

1 comment:

Anonymous said...

you do know that both Ireland and Greece followed has followed right-wing policies for decades now??? You do know that Norway, one of the most left-leaning democratic countries in the world, is one of the country's which has come out of the crisis best... I mean seriously, how FUCKING DUM ARE YOU.. WHy the fuck do you even post articles if you don't know shit about the topics