Secret Squirrel turns his attention to the present problem of Europe,the Euro, and seemingly collapsing economies of individual Europe nation states,which,in fact, threaten to destroy the Euro itself.Well, why is the Euro in trouble and what was the Euro supposed to be?
The Euro was seen to be a common currency for all Europe, similar in nature to the American dollar with respect to the American States,and so the Euro was to be to Europe and the Unified European states,an equality,and equity,a common, and the common,currency.It works in theory,it works, in concept. It is an idea that should work. What you do, is maintain a two tier system, a system whereby the individual states keep their own currency and economy,and system of economics, and simply tie their currency, each individually and collectively, but separately to a common currency, the Euro. What needed to be done, was simply to keep their own state currency, and have items purchasable in state currency, but also have a suitable value for the Euro against the state currency,maintaining as it were, and individual currency pegged to and against the common currency, the Euro.So in Greece, you could purchase in either the Euro value, or the Greek currency,all things then being equal, in terms of purchasable power value.It could also be applied in inter-state trade etc, as is done in America. However, they systems not being equal, it commenced to, it has commenced to, unravel, and things will get worse, not better.But why?Because the Euro is tied to the individual state currencies, and not the state currencies to and against the Euro as it was supposed to be. Let's examine what has exposed the problem,the reality of things,and determine the actual reasons why the Euro is failing,for there are more reasons than just one reason.
What with Portugal,Italy,Iceland,Greece,Spain(The PIIGS of Euro-pe),and the threat to their EURO, there is evidence that Europe is itself failing, economically,and financially.They begin to see that with respect to a common currency,they were all better off with their own,individual,state,free market,with their own currencies evidently and in reality, just maintaining an EEC,a European Economic Community,a
Unified Defense Force,and a Unified Political Policy Parliament,but not with a unified currency.The Euro itself sees, fro it's point of view, that it is in itself better off if there are no other currencies tied to it, that is, were it by itself, the only currency.But it is not the sole currency, and therein lies part of the problem.Europe is a financial failure then?Nay, a complete and utter disaster. The Euro and Europe was an attempt, a unified attempt,to counter, the USA,with its Unified States, and a strong central common currency.However,Europe did work as a
Unification of States, but failed as a currency.Why? Well, their own currencies, and ultimate currency(the Euro), are, in fact, based on, and measured against, a common currency, yes, but it is the US dollar and the system of the Treasury Certificate that the Americans use, their economic and financial system, their system of printing Treasury Certificates.What's happened in Europe that it must bow to this system of the Americans,why and how?Well,the present claim is that the PIIG states of Europe, overprinted,overspent, disregarded debts etc etc etc et all.Well, yes they did, and so to do and will the rest, and they will fail.Why? Again, they are up against their own creation, their own accepted creation, the USA and its currency. You see, all things European are measured against the US dollar. Should the US dollar have been similarly tied to the Euro, the United States and it's currency would have been in trouble.Why? Well, the American system is simply to, whenever it requires money, to print up Treasury Certificates, of any value it needs, and then it goes to the Treasury Department, which accepts the Treasury Certificate, at the value of the Certificate, files it away, and prints up the stated currency of the certificate.So, the United States has the money it needs, and a massive debt, to it's own Treasury Department, and an ever increasing, limitless value debt, on ever printed up currency. BUT for Europe it's different, the Euro-peans are controlled by the US dollar, not their own, and don't have a similar system of simply printing up certificates to add more currency as they need, to their system.The European Prometheus,has been self tied, and bound,for and
by, playing with fire, for playing economics and finance against and with the Americans and their system, of economics and debt,bound to and by, the currency and system of the Americans, which they,the Europeans, cannot themselves emulate.Europe has and is failing due to it's belief in a dream system, a system which economically works. The Americans are themselves not tied and bound in that belief, they are tied and bound only by the life of their Treasury Certificate printing press,or whatever company prints them up for the American government, and by the seemingly limitless supply of printer's ink.The Euro cannot compete with such a system,it cannot exist against such a system, unless,it emulates such a system.........complete and utter conversion.Quite simply all states of Europe must give up all hope against such a system, give up their currency, all Europe goes to the Euro, and all states go to the economics of the US system,at the state level as well.It must be complete and utter emulation,a complete mirror image in all things. What we have presently with the Euro is an attempt to emulate the US system without
actually using the US system, and it just won't work any other way.Unless that is done, the Euro is doomed to failure.
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