EUROPE´S LAST WALZ? Affectionate Politicians..

WHOOPS THEY DID IT AGAIN... Partnerswinging and High Horses Politicians are not famous for being loyal, as long as the ends, in their opinion, justifies the means. Dame Merkel is as affectionate wih the current Napoleonic President, Francois Hollande, as she was wirth her reluctant side-kick Sarkozy. Pragmatism and opportunism rule. The Euro must be defended at any cost and the picture of a unified and financially healthy Europe maintained as if our lives depended on it- It doesn´t. Cooperation, Harmonization and God knows what other platitudes govern the pompous discourse to create an impression of a peaceful and consensual Europe where all are equal and Germany more equal than all the others. Since the current financial system is built on assumptions and not on face value the charade must go on or the collapse is in evitable. Europe did exist before the EU. Actually it was by healthy inter European competition that the industrial society blossomed from Flandres and Firenze to Britain, like the previous bartering and commerce of products had florished in Europe since before the Middle Ages. The European make over is not bull only. In a global context the true agenda and the horrendous state of affairs are unifying the dysfunctional European Family to attack other presumed financial demons such as Asia and the Americas. Commerce cannot be restricted to the internal European markets only. To an outsider it is close to impossible to understand that nations can purchase for money they do not have. Yes, they have mortaged their resources to shocking degrees and try to convince us that all is calm, all is bright. If I, as a private person, would be in debt corresponding to five years of income, I would be declared insane by the creditors if I asked for more loans, even if it is a question of paying the interests of previous loans only. The United States and a couple of European nations have already tied up the value of their gross national product this year to a staggering 96 % only to pay off interests of previous loans. 15 trillion dollars. The sum was established last week. The USA, in theory, does not own it´s own assests, public, national or private. Lovely scenario. China is well on it´s way to do the same mistake since the labor force for perfectably understandable reasons has started to demand higher wages. The socialist China exports it´s industry to Cambodia in order to pay lower salaries. The vicious circle will not stop. The inner markets of the giant People´s Republic of China and India may blur the vision for a decade. But the markets are not limitless unless every Chinese or Indian have the financial means to buy the domestic products. Stocks and shares are but assumptions and rest on a trade with fictive value. As long as we all agree that a certain stock truly corresponds to the products of an enterprise it is all fine and dandy. But, hélas, that is not the case. Let me exemplify: I will choose a prominent Swedish company, H&M, which has had a continious growth for years and a steady increase in stock value. If, as a shareholder, I would want to have my shares exchanged for goods corresponding to the presumed value of my shares instead, it may be met with utter surprise but okey, the company will agree. If all shareholders would do the same it would, however, cause a collapse. The value of the total the production does not by any means correspond to the ”value” of the company shares. Face value resting on gold standard has been abandoned decades ago. The value merely consists of assumptions. I truly do not get the idea of a nation going bankrupt. What will happen? Will the creditors impose liabilities and take over Akropolis in Greece or the Prado in Madrid? Will they become possessions of the World Bank? Please, explain ! The tokens of affection of prominents European leaders, the hugging and the kissing on the cheeks, are they in reality tokens of affectation? When la Merkel is waltzing with Traian Băsescu of Roumania under the chandeliers of Versailles it may be the Last Wiener Waltz because within a decade or two somebody has bought Austria... Just a thought Douglas Modig 2012