Monday, January 30, 2012
Germany cracks whip, Europe falls in line
Germany cemented its control over Europe when 25 out of 27 EU states agreed to a pact for stricter budget discipline. The Brits and the Chechs refused to sign. "To write into law a Germanic view of how one should run an economy and that essentially makes Keynesianism illegal is not something we would do," a British official said.
Compare Europe indebtness with China's growing surplus and national savings of hundreds of billions. No debt crisis in China or Singapur. The world is sliding back to the situation of a thousand years ago, when China was so big and self sufficient, that needed nothing from the rest of the world and those Western Barbarians could be discounted as nuisance. And those Barbarians will, once more, try to pirate Chinese wealth.