Margaret Thatcher’s Ghost Stalks The Halls Of the European Union

ThatcherWell, it sounds as if the EU has found some method of stealing more productive people’s money to keep Greece going a bit longer. I didn’t pay all that much attention to the details, honestly. It’s all a sham and show anyway, nearly all of Europe, not even excluding Germany itself soon will be in the same boat.

My friend, Jack Curtis, explained it pretty well yesterday. Here’s part of what he said.

If the E.U. elects to advance funds, Greek debt that cannot be repaid already will be increased by the advance. The E.U. will be throwing good money after bad. Weaning an alcoholic as it were, by buying him drinks. But the facade of business as usual can proceed; the Greek banks can open in the morning.

If the E.U. simply says: Pay what you owe: The Greek banks and government will be forced into what amounts to bankruptcy and collapse. The shock may well collapse the stock markets and thereby the banks elsewhere as the overinflated market values deflate, collapsing still more banks by diminishing the worth of their holdings. And reducing the wealth of everyone else too.

Margaret Thatcher’s Ghost Stalks Halls The Halls Of The Euro … | jcurtisblog.

As he explains it’s a bad omen in a worsening situation. All of Europe, including the UK, will end up in this boat, unless the Tory ‘austerity measures’ are a lot tougher than I think, and besides since they keep stalling on leaving the EU, the rest will drag them along anyway. It won’t necessarily stop there either, we here in the US have decided in the last fifteen (or fifty, perhaps) years that this leaky boat is the way forward.

It amounts to a run on the bank, not the Podunk State Bank but the big ones, the ones billed as too big to fail, which really means that when they fail they will likely take their governments with them leading to who knows what. It’s not hard to see why the politicians want to paper over the mess they’ve made, it could be really catastrophic and when that happens it often turns into a hanging party for all hands.

Sadly, all thinking people have known for basically forever that this is how it ends. What ends? The Greek government at best, the EU and it’s constituent governments, maybe, in the worst case, western civilization. You pays your money and you takes your choice.

Kipling said it over a hundred years ago.

In the Carboniferous Epoch we were promised abundance for all,
By robbing selected Peter to pay for collective Paul;
But, though we had plenty of money, there was nothing our money could buy,
And the Gods of the Copybook Headings said: “If you don’t work you die.”

Then the Gods of the Market tumbled, and their smooth-tongued wizards withdrew,
And the hearts of the meanest were humbled and began to believe it was true
That All is not Gold that Glitters, and Two and Two make Four—
And the Gods of the Copybook Headings limped up to explain it once more.

As it will be in the future, it was at the birth of Man—
There are only four things certain since Social Progress began —
That the Dog returns to his Vomit and the Sow returns to her Mire,
And the burnt Fool’s bandaged finger goes wabbling back to the Fire—

And that after this is accomplished, and the brave new world begins
When all men are paid for existing and no man must pay for his sins
As surely as Water will wet us, as surely as Fire will burn
The Gods of the Copybook Headings with terror and slaughter return!

But maybe that is too complex for those that think themselves fit to rule us. A few years ago Maggie Thatcher put it more succinctly.

“In the end, more than freedom, they wanted security. They wanted a comfortable life, and they lost it all – security, comfort, and freedom. When the Athenians finally wanted not to give to society but for society to give to them, when the freedom they wished for most was freedom from responsibility, then Athens ceased to be free and was never free again.”
Margaret Thatcher

She also wisely noted, as Jack reminded us:

“The problem with socialism is that you eventually run out of other people’s money.”



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7 Responses to Margaret Thatcher’s Ghost Stalks The Halls Of the European Union

  1. the unit says:

    I ran into Jack’s blog over at CC several of years ago, about the same time in July ’12 recommended by Rat (Mike’s Right was recommended in some comment I read back then). Save the Saturday blog to read on Sunday morning, “Gleanings…”
    Also check a couple of times mid-week. He is voice of experience.
    As far as what is going on over there and here, my branch credit union just closed my branch. Read article we are headed for cashless economy. My dollars just digits on some computer. But right now I get printed statement by mail to help me prove my balance. When that disappears, then I don’t know. And with law taking cash without charges…
    Would I dare take out all my money and attempt driving home to put it under my mattress now?
    I’d be afraid bank or credit union would have E.O. or law to notify them I was doing it.

    Liked by 1 person

    • NEO says:

      You’ll find it hard to do a lot of things without an account anymore. hard to believe when FDR was first elected most Americans had never been in a bank, isn’t it? 🙂

      Liked by 1 person

      • the unit says:

        Yeah, there was some article I was reading today where McConnell was saying “trust” between Senate members and between House would get the trade bill passed.
        And those years you mention. In the ’50 it carried over that lot’s of folks paid their bills on a once a year basis, charging everything (without apr charges) and a business had suppliers who did the same. Too many business failures now I guess though.
        We already had fundamental transformation, and now the world too. 🙂

        Liked by 1 person

        • the unit says:

          BTW, lovely picture of Margaret Thatcher. Not like Hagillary, twerking to her audience.

          Liked by 1 person

        • NEO says:

          It is. If I remember, it’s the one Jess used in eulogy of Lady Thatcher.


        • Yes sadly Thatcher and Reagan were no doubt the last decent days for both Britain and America, as to any conservative leadership, my take anyway. The West is going to blazes!

          Liked by 2 people

        • NEO says:

          Yepper, unfortunately.


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