Europe Awashed In Greenbacks...
Europe Awashed In Greenbacks…
Here we go again bailing out Europe and saving them from themselves - it is not World War Two where our blood cultivated European soil from goose-stepping Nazis, but this time we are flooding Europe with our greenbacks to alleviate their debt. I will not resort to gloating because we are not too far behind fiscally from our cousins across the pond; and there is a cogent school of thought that says that we had to bail Europe out because they are the ones buying our wares, which directly provide much jobs here at home. You may notice that Europe was not saved by the Germans, who has a nasty penchant of invading its neighbors and also has the economic means to do so - but America again is the Calvary, only this time, economically.
I am not smart enough to know if it were prudent economically to bail out Europe, but I am almost certain that our European cousins would not have done the same for us; and I know that the Federal Reserve will not call it a bail out because the term ‘bailout’ has taken on the mantle of a ‘negative connotation,’ but notwithstanding the financial markets being in the ‘Black,’ (as I write, the Dow is up over 400 points) it was still a defacto bailout.
Earlier this year, my two sisters took a holiday in Europe and both told me they will not be going back to France because of how nasty some of the French people were to them… perhaps, my sisters should have remembered the French lessons they were taught in the Caribbean schools when they were young… I am certain that if the French did not thank us for saving them from the Germans in WW11, I do not expect them to thank us now - I supposed that the French giving of the Statue of Liberty to us is still paying dividends. No doubt the typical European, as is his or her wont, will still have that air of superiority when comparing his or her respective cultures to that of America… and he or she will have composed his or her narrative on how to address the defacto bailout and the fact that the much ballyhooed ‘Euro’ has genuflected in the presence of the ‘Greenback.’
There are lessons to be had by our flooding of Europe with our money because, lest we forget, that it is because of the cradle-to-grave attitude in Europe, borne mostly out of the tenets of Socialism, why Europe is in fiscal trouble - and the irony is that the Germans who have proselytized against the Socialistic ideals has the healthiest economy in all of Europe. The question that also begs itself is what is to stop the fiscally sick states - California, New Jersey, among many - to come to the Feds, saying that if you could bail out those ungrateful Europeans, why not us… looking through my vistas, I know the answer….
We are constantly being bombarded with what I thought was a truism that the Chinese are the Alpha dog economically, but, yet, no one is clamoring to purchase the Yuan and the Europeans did not look East for assistance... I will say this again, when America falls, as all Hegemons do, her fiercest, intrepid enemies will weep because they will not see the likes of her again - well, not until Jesus sets up His throne in Jerusalem.