surplus generating countries can only continue to generate surpluses if other countries generate larger and larger deficits and that at some point this system has to become unstable -

i think it's hard head rational to some bundesbankers to ditch the euro now, and go it alone.

they've tapped out the peripherals' markets, the PIIGS can't afford the silverware, let alone the meal, besides it's probably indigestible.

the china market is booming, and if the BRIC gaggle keep growing apace, the common currency is a drag to the financiers, those sleek, affectless robots could give a FF about the fate of the euro social engineering project, or the euro currency even. think of all the money to be scammed off changing back 5 countries' currencies! people made out like bandits in the confusion between stools, and guarans they'd do it again in reverse, hey even repeat the sentiment-charged scam again in 20-30 years.

the more shocks, the more doctrine... all europeans except the germans are to be discarded while the ubermenschen take their prideful place as the hardest, most rigorously blinkered of profit machines, assuring a permanent risk-free ride for banksters and austerity for those too ignorant to become Fine Young Cannibals too. austerity is a orwellian newspeak for penury, they can't give us the message without semantic sugar on it.

buckminster fuller had it right, the idea that governments are the dog, and pirates the tail have it exactly backwards, true since civilisation began, possibly.

the edges are where the action is, and prates know the shoals and can play the edges in ways no-one else can.


'The history of public debt is full of irony. It rarely follows our ideas of order and justice.' Thomas Piketty