Medicine is Killing the Patient; Increasing the Dose is Madness

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Published : July 20th, 2012
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( 3 votes, 4.7/5 ) , 1 commentary
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Category : Market Analysis

 

 

 

 

Nigel Farage is once again making common sense arguments in European parliament while blasting the absence of European commission president Herman Van Rompuy and EC commissioner José Manuel Barroso, noting the medicine is killing the patient.



Select Quotes

·         The medicine is killing the patient.

·         Increasing the dose is madness.

·         Greece outside the Eurozone may well provide an inspiration for Spain, Portugal, and many other countries.

·         We need to recognize that a terrible mistake has been made.

·         We've got to break up the euro

·         We've got to restore democracy

·         We've got to restore human dignity

·         We must ignore Barroso and Van Rumpoy.

·         We must provide people with hope


I agree with Farage on all points. Indeed, I believe any clear-thinking person would see that he is correct on all points.

The only reason the eurozone has not broken apart already is politicians, especially German chancellor Angela Merkel, have made career commitments to the Euro. Merkel in particular would sell her soul to save it. It may come to that, and if so she will fail anyway.


 

 

Data and Statistics for these countries : Greece | Portugal | Spain | All
Gold and Silver Prices for these countries : Greece | Portugal | Spain | All
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Mish 13 abonnés
Mike Shedlock / Mish is a registered investment advisor representative for SitkaPacific Capital Management. He writes a global economics blog which has commentary 5-7 times a week. He also writes for the Daily Reckoning, Whiskey & Gunpowder, and has over 80 magazine and book cover credits. Visit http://www.sitkapacific.com
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Expect the unexpected.
My thought is that Germany will exit the Euro union first, for the simple reason that they have the most to lose.
Latest comment posted for this article
Expect the unexpected. My thought is that Germany will exit the Euro union first, for the simple reason that they have the most to lose.  Read more
S W. - 7/22/2012 at 7:32 PM GMT
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