Angela Merkel and Christine Lagarde: Channeling Herbert Hoover in the 21st
Imagine putting your life savings in a bank to keep it safe
and then having the likes of Angela Merkel and Christine Lagarde decide you will
give up 30% of it to save the banks. This would be an unconstitutional taking
under the 5th Amendment of U.S. Constitution, but it appears to be OK
in the European Union, which Merkel currently controls. If you live in a
European Union country, it could happen to you, just as it is now happening to
the people of Cyprus.
Any person with money in any EU bank who doesn't make a run
for their own money after seeing what powers Merkel and Lagarde have is a
fool. Merkel, Lagarde, the EU, and the IMF are
forming the perfect storm that will be a disaster for the entire world economy.
How smart are the people calling these shots? Well, probably a lot dumber
than Herbert Hoover and the other idiots calling the shots that brought down the world
economy in the 1930's, and today’s idiots are working in an infinitely more
complex universe than Hoover was.
As a quick indicia of the IQ of the group in control of the EU, here is some
idiot-babble from Wolfgang Schäuble, Merkel’s finance minister:
"The numbers have not changed. If anything they've got worse."
"It is well known that I won't allow myself to be blackmailed by no one
or nothing. I'm aware of my responsibility for the stability of the euro. If we
take the wrong decisions we'll be doing the euro a great disservice."
The numbers have not changed, they’ve got worse? Won’t be blackmailed by
no one for nothing? There is no indication in these quotes that this finance
minister has a single functional neuron. These are the people calling the shots.
who replaced the perv Dominique Strauss-Kahn, got the top position at the IMF through
Sarkosy. It gives one no assurance of her being an innocent turd in
a political cesspit that she has just had her apartment
raided by French police in their investigation of Sarkosy for fraud. Link
on my assessment of the intelligence and morality of the EU hacks, it is
apparent that the EU will fold soon, and when it does the economy will tank all
around the world. In the absence of a very significant global war to maintain
the economy, look for the Dow to drop back below 10,000 by the end of 2013. I
just want to get this prediction on the record.