EU

GLOBAL INVESTMENT FIRM PIMCO: THE E.U. NEEDS TO BECOME A UNITED STATES OF EUROPE TO SAVE THE EURO…….

End this monstrosity.

collapsing EU

Long time readers of this blog know very well that the EU project has always been about the dissolution of nation state sovereignty, and centralization of accumulated power in Brussels. Each and every time a politician opens his/her mouth and tells you that this is not the truth, is lying to you, badly.

Here’s an article that dispels the myth once and for all, that the Euro zone project is not a step towards a more tyrannical union, in fact, it supports the notion, that unless Europe ”gets it act together”, meaning a united political union (a United States of Europe) the Euro zone will collapse.

They couldn’t be any more clear about their intentions if they etched it in stone.

Eurozone can’t survive in current form, says PIMCO

Single currency area must become a “United States of Europe” in order to secure its future, says manager of world’s largest bond fund

Demonstrators carry a cardboard-made coffin with a euro symbol on it during a prostest march in Athens in 2010 Photo: Getty

The eurozone is “untenable” in its current form and cannot survive unless countries are prepared to cede sovereignty and become a “United States of Europe”, the manager of the world’s biggest bond fund has warned.

The Pacific Investment Management Company (PIMCO) said that while the bloc was likely to stay together in the medium term, with Greece remaining in the eurozone, the single currency could not survive if countries did not move closer together.

More here.

From the comments: 

So, now you have it confirmed. Something that many of us have been saying in forums like this for many years.

A single currency can only succeed if there is a United States of Europe – Germany becomes a state, France becomes a state, every one of the current member countries becomes a state within the union. They all must lose their individual sovereignty.
Except Britain which is exactly what Winston Churchill said in his speech all those years ago.
Now, the question is, will Merkel, Hollande and all the others accept this? I think not.

The best solution (the only solution) is to scrap the Euro as a working currency, return all the nations to their previous national currencies and let the Euro be a notional currency used to facilitate trade between the participation nations who have joined the European COMMON MARKET and not the political union the unelected trolls of Brussels wish it to be.

Why does it have to take so long for common sense to prevail?

And:

Most economists and financial professionals predicted this outcome before the Euro was even launched. It does not take a rocket scientist to understand that you cannot have a single currency and a uniform central bank lending rate while allowing independent local monetary policy.

The EU and the Euro are the product of Progressive Trans-Nationalist snake oil peddlers. The people who foisted this travesty on Europe were fully aware that it would require the dissolution of European participants as sovereign nations. That was the whole idea. To force exactly what PIMCO is describing.

This too was discussed in the 90’s. And was ignored by the ignorant masses in Europe. Perhaps it was cold war fatigue. Who knows. Whatever the reason, the euro-sheep flocked to the banner.

And the results were inevitable.

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