Gold is the only Currency in Town
It is not a case of if but when Greece is officially declared bankrupt, it is not a case of if but when the Euro collapses & falls apart. The one gloved policy fits all has not worked & is continuing to damage the economies of the Euro member states.
The only reason Greece is being loaned further monies is to pass its straight back to the money lenders to pay of previous debts that have become due. Greece, Portugal & Ireland cannot pay of their existing loans they are strangled with debt.
States that are crippled with debt cannot function, they cannot purchase goods & services from outside their own bubble state, their economies cannot trade & grow & if the answer to the debts is to increase their level of debt they situation will get worse.
The public workers in Greece are the only ones that we can be sure are paying all their taxes yet it is these people that are having their jobs cut. The Country cannot do anything about it they are imprisoned by their paymaster slave drivers.
Not only are Greece, Portugal & Ireland bust but so too is the European Central Bank! It has loaned out vastly more than the assets it has on deposit from its member states & it continues to buy eurozone debt with new printed money that isn’t backed up with any assets it manages.
Printing money as sure as night follows day will eventually lead to inflation as paper currencies become worthless against asset backed nations currencies such as the Australian Dollar & Gulf state currencies. The value of Gold is a base & if you accept that its value is static it is the value of the paper currencies that have collapsed in value. Gold. Oil, Gas, Copper, Coal have all become aggressively more expensive to the consumer because of the mismanagement of our economies by the people we elect.
The European Union can only fund itself by adding additional costs to its member states & their citizens It has wasted billions on white elephants such as Galileo which no one either needs or wants & which we will be forced to use & pay for like it or not as a tool to track us as we move around. Like many EU projects it has been over budget & delayed.
As I’m sure you will agree unless Europe is planning to go to war against the United States we will always have access to GPS. Is anyone aware that this satellite will cost three quarters of a billion every year & from its inception, it will cost nearly €23 Billion over a twenty year period a staggering increase from the already absurd €7 Billion that was budgeted.
This is just one example of abject waste & incompetence of the European Union & were have these same people running our lives. They bleed us dry while feathering their own nests with expensive fleets of Cars, Jets, Pensions, Salaries, Expenses & Embassies around the world.
The European Union is not a state, why does it need embassies duplicating the activities of its member states? The European Union exists to shuffle paper & provide an excuse for its own existence which if it wasn’t so serious would be as funny as Sir Humphrey Appleby trying to keep his Whitehall empire together in Yes Minister.
If the Entire European Union was reduced to 2 members per country with 50 Million plus populations & one for all nations with less than 50 million the work needed to be carried out to run a common access market of free trade would have more than enough pen pushing administrators & best of all they could work from a building the size of a large semi detached house rather than the not just one but two Taj Mahal buildings that are used at the moment at Strasbourg & Brussels the transfer between the two is another costly experience the cost of which is borne on tax payers for no good reason other than placating pride.
This building cost nearly €500 million & to prove it isn’t, wasn’t ever needed when the roof collapsed in 2008 the business of the EU continues unfettered in Brussels & due to health & Safety reasons this remained the case for the next session too.
The EU exists to consume money for its own self serving purposes. It legislates so its member states citizens have to submit to it completing forms for the pen pushers to collate & report on before issuing ever more dictats which reduce the competitiveness of member nations on the world trading stage.
The European Union causes another layer of red tape between European countries & the World Trade Organisation (WTO) which is the arbiter when it comes to nation trade disputes. The EU again isn’t needed!
The Euro will collapse & its time to move money away from banks in Ireland, Spain, Portugal, Greece & Italy to relatively safe havens such as Swiss Francs, Sterling & the Australian Dollar which are all likely to appreciate & at the very worst keep their value as the Euro implodes.
