"“We have lent a huge amount of money to the U.S. Of course we are concerned about the safety of our assets. To be honest, I am definitely a little worried.” "

Chinese premier Wen Jiabao 12th March 2009

""We have a financial system that is run by private shareholders, managed by private institutions, and we'd like to do our best to preserve that system."

Timothy Geithner US Secretary of the Treasury, previously President of the Federal Reserve Bank of New York.1/3/2009

Monday, January 29, 2007

EU - a view from America

At the excellent Oil Drum , some comments by ThatsItImout from the US today, regarding the problems that Europe faces in energy security ..... as discussed by ex USAmbassador to Lithuania Keith Smith, in a commentary on EU proposals for energy security after the Putin/ Belarus/ EU blackmail , published Center for Strategic and International Studies (CSIS)

"The EU has no REAL POWER to enforce anything. Going back to the birth of the Euro currency, anyone who asked how this organization would be able to enforce policy was called "out of touch" with the new modern idea of the Uber Europe, which of course could enforce it's will by simply proclaiming, and did not need real enforcement. Beside, Europe had the Charters (voted down by a fair number of Euro states), it's constitution (never accepted by a fair number of Euro states, it's "economic understandings" (ignored by most). Europe has no real military power, no home base of resources, a slow to non moving economy, rapidly approaching social welfare obligations it cannot possibly meet, and an aging demographic that makes our social security issues look like a cake walk. ....

The EU has about the clout of the old Trilateral Commision, and now fears the world will begin to see the truth of it's situation. Then what? Easy answer, money begins to leave a currency that has never been anything more than a glorified travelers check. Only the Americans are still completely bought into the cult of European superiority. Compounded by America's own almost blinding self hatred, and the utter disgust and disdain we hold for our Administration, we have been easy suckers for the Uber Euro scam, and many Americans who invested in Europe simply to spite our own nation stand to be wiped out when the reality of the world situation hits."


No comments:

(C) Very Seriously Disorganised Criminals 2002/3/4/5/6/7/8/9 - copy anything you wish