TOP GERMAN ECONOMIST: GREECE CAN NEVER REPAY WHAT IT OWES……..

The True Finns were right about not wanting to bail out the Greeks from the very beginning, and it they’ll be right on Portugal as well. Remember, when people talk of the EU central bank, they are talking about the bank of Germany, the two are one in the same.

Finnish EU economic commissioner Olli Rehn, has been disingenuous to the Finnish people and to the EU taxpayer from the very beginning, Greece and the rest of the troubled states are an endless, bottomless pit, with all of our good money being thrown down financial black holes. We’ll never get it back.

Olli Rehn and his entire clique of EU bureaucratic imbeciles should be brought up on charges of gross financial incompetence and recklessness with public money. They went against the EU’s own rules spelled out in the Lisbon Treaty (EU constitution) which prohibits assistance payments, and blew all our cash.

These EU hacks refuse to abide by their own laws that they’ve unilaterally set into motion, which not only further erodes their own credibility but of the institution that they represent. Face it, the EU is a corrupt, morally decrepit, inept institution, and the sooner it implodes the better. KGS

Stefan Homburg: [Greece is neither economically nor politically capable of sorting out its finances. It will never be in a position to repay the money that it has borrowed up to now. The German government will pay up all the same.]

Top Economist on the Euro Crisis

‘The German Government Will Pay Up’

[…]

Homburg: Absolutely. Greece is neither economically nor politically capable of sorting out its finances. It will never be in a position to repay the money that it has borrowed up to now. The German government will pay up all the same.

SPIEGEL: And what will happen next?

Homburg: Many politicians have also come to the realization that the path that we are on ultimately leads to national defaults and currency reforms. This process is already irreversible, but nobody wants to say it out loud and go down in history as the one who triggered the explosion. So we leave the bankruptcy to subsequent German governments and, in the meantime, throw good money after bad. Sooner or later, this much is certain, the system will be blown apart by political and economic factors. And, unfortunately, there is a great danger that, when this happens, it is not only the euro that will fall apart, but also the entire EU.

H/T: Fjordman

Written by KGS

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By Big Frank Jun 27, 2011

No surprise here, the Greeks as a nation seem completely satisfied with their present situation of laziness, rampant corruption, income tax evasion on a national scale, with no even hint of any change, fiscal discipline, or austerity. The till is empty, the cupboard is bare yet like totally spoiled brats they take to the streets and demand even more. To make matters worse the fools in the EU are more then willing to give this hopeless addict another ‘fix’. IMHO Greece and some other EU countries are headed for a ‘Mad Max’ scenario, or some sort of complete breakdown of civil order which sadly will lead to chaos and the military called in to restore order.

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There’s No Common Cultural Legacy For The Alt-Right

Still, is there something to it? Is there a common heritage that will cover El Greco and Hume and Dostoyevsky? Is there one that can include the Jacobites and the Jacobins? There is, but it is not racial, and white supremacists reject it because it rejects them. The unifying heritage of Europe is religious and philosophical. It is Jerusalem and Athens, in one famous formulation. Christian religion and Greek philosophy, filtered through Roman law and culture, are the foundation of European culture. The tensions, agreements, developments and settlements between these have shaped the Western world, and these roots of Western civilization are not congenial to white supremacy.

Christianity is universal in its message and Jewish in its origins. For centuries after its founding, Christianity’s center was the Mediterranean world, including Asia Minor and North Africa. Christianity has never been defined by race, and locally-grown racist heresies are only sustainable among those ignorant of Christianity’s teachings, origins and history.

Greek philosophy is likewise ill-suited to serve as a basis for white identity. It is either too universal (addressing the human condition in general) or too local—none of us live as citizens of an ancient Greek polis. Later philosophical developments in Europe, such as the philosophies of the Enlightenment, likewise tend to be too universal for white supremacists seeking a tribal identity. As for the scientific revolution that developed within Western culture (albeit with much borrowed from outside Europe), math doesn’t care what color someone is.

"More here"

War is being waged against Western culture from within which is in essence a war against Christianity and its moral origins in the Hebrew Bible. By attacking these Biblical foundations in the name of reason and human rights, the culture warriors of secularism are sawing off the branch on which they sit. The only way to defend Western civilisation is to reaffirm and restore its Biblical foundations. My argument is a development of ideas I first explored in my 2012 book The World Turned Upside Down: The Global Battle over God, Truth and Power.

We are living in an era which extols reason, science and human rights. These are said to be essential for progress, a civilised society and the betterment of humanity. Religion is said to be their antithesis, the source instead of superstitious mumbo-jumbo, oppression and backward-thinking.

Some of this hostility is being driven by the perceived threat from Islamic terrorism and the Islamisation of Western culture. However, this animus against religion has far deeper roots and can be traced back to what is considered the birthplace of Western reason, the 18th-century Enlightenment.

Actually, it goes back specifically to the French Enlightenment. In England and Scotland, the Enlightenment developed reason and political liberty within the framework of Biblical belief. In France, by contrast, anti-clericalism morphed into fundamental hostility to Christianity and to religion itself.

“Ecrasez l’infame,” said Voltaire (crush infamy) — the infamy to which he referred being not just the Church but Christianity, which he wanted to replace with the religion of reason, virtue and liberty, “drawn from the bosom of nature”.

Perfecting society

But this Enlightenment did not remove religion so much as pervert it. It took millenarian fantasies, the idea that the perfection of the world was at hand, and it secularised them. Instead of God producing heaven on earth, it would be mankind which would bring that about. Reason would create the perfect society and “progress” was the process by which utopia would be attained.

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“I think that we should correct the vocabulary that we use, and call a spade a spade. It is all about Jihad, the Islamic effort to spread Islam globally”:

Terrorist attack – should be called Military Jihad.

Incitement – Media Jihad.

Al-Jazeera – Media Jihad Channel.

Imposing Sharia law – Judicial Jihad or Legislative Jihad.

Boycotting Israel (BDS) – Economic Jihad.

Emigration to EU and US – Emigration Jihad / Hijra Jihad.

Building mosques, Islamic education institutions – Cultural Jihad.

Halal food – Dietary Jihad.

Hijab or Niqab – Clothing Jihad.

Activity of MSA – Academic Jihad.

Activity of CAIR – Political Jihad / Public Jihad.

Collecting money for Islamic “charities” – Financial Jihad.

Political correctness – Submission to Jihad.

J Street, Peace Now, JVP and their likes – Jewish Useful Idiots who Serve Jihad.

Iran deal – Western Support for Nuclear Jihad.

Top Economist on the Euro Crisis

‘The German Government Will Pay Up’

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Written by KGS

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