Originally Posted by
Jovan Dragisic
It seems Western Europe is determined to enter a strong statist era, unlike anything in history. My guess is that they want to increase public debt by issuing as many state and EU bonds as possible, thus trying to get the euro closer on par with the dollar as the world’s reserve currency. They probably see this as the last chance they will get. In order to do this, they need to find a reason to run up the debt by fucking up threat economies as much as possible. In normal times, you would get the US treasury secretary or maybe even the president come and explain the rules of the game - think Obama and Geithner during the euro crisis. But we are not living in normal times, are we? Since the US is heavily divided internally and will have to run a huge deficit of its own starting next week, the time is ripe. It’s as if Keynes, Stalin and Alexander Hamilton had a bastard child that came back eighty years later with a vengeance.
They can pull it off for a month, the Spaniards are already setting shit on fire.