Out of places to go

We’re watching ‘money’ squirm. Not because it’s scared. It’s not scared. It’s all the same group of people, and they’ve got nothing to be scared of. They’re simply accustomed to watching their numbers go up, and their numbers have run out of up to go to.

The history of the past thirty years is too simple to make the press releases. ‘Communism’ fell. The last great colonial markets were opened. Money flowed to the West. Debts incurred were paid with new loans issued at lower rates, using currency printed to cover additional debts at even lower rates until the rates hit zero and the money people were standing in cash; until the last of the new suckers were sold and all those new markets were saturated.

Now, it’s getting hard to make a decent ten percent a year. So money squirms. Don’t worry though, Europe is coming.

It’s stunning how easy it is to fool all the people all the time. ‘The people,’ of course, being the working masses in the United States, who now think their decimated ‘lifestyles’ are further endangered by the perils confronting the Euro. There are no perils confronting the Euro. Decades ago it was decided to precede political union with monetary union, to use debts and dependency to forge the political will to unify the states. The effort is going splendidly.

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