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Everyone will have noticed that Europe's fiscal policy, and by extension the value of our own fiat currency, is going extremely well, which is why there are absolutely no runs on banks anywhere -- especially not in Greece and Spain.
ZeroHedge refers us to Thucydides "in the vain hope that those who have blindly pursued the policies which have brought Greece to the brink and risks plunging the whole of Europe into the abyss, might consider more keenly the consequences of their actions and change course before it’s too late."
You can read the whole thing here.
What was it that Germany's evil dictator said before Kursk? "When I think of this battle my stomach turns over."
Have a blessed Feast of the Ascension.
LSP
2 comments:
I am convinced that we as a nation are incapable of learning any lessons whatsoever.
My stomach turns over as well when I contemplate our future, and it is doubly sickening knowing we have it in our power to turn away from the path of madness...
I have to agree, Silverfiddle. There's something very "edge of the abyss" about things right about now. Hopefully I'm being overdramatic...
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