December 06, 2004

why old europe don't reflate


why don't old europe reflate?

they got the excess capacity

the place is slack as hell 

 surely 
it would relieve the currency appreciation pressure



by helping to close uncle's  trade gap
by means other then
 a sinking dollar 

why only 
shrink uncle's imports  
when you can 
painlessly
expand his exports too 


=================================================


answer

the franco-german 
financial vampires 
run the show 

----------------------------------------------------
"these night creatures
have working europe 
strung up by its heels
and 
they're  draining
 off the blood  of the living  "
-------------------------------------------------

since the berlin wall fell 

the mission has been clear

" fuck our local 
   wage beasts...
  skin em 
 drain em dry  "
---------------------------------------
yes 
the euro zone 
since the soviet menace evaporated
has morphed 
into a vicious 
wagery torture park


blood sucking monstrosity 
after blood sucking monstrosity
has become the order of the day


and there is no escape 

they've
by written compact 
 "CAPPED" 
the size
  of 
member state's  fiscal  deficits 

so they're all 
 effectively too low
to pump up demand 
to  full emplyment levels 


and
  thru their control
   of this   house of horrors
  rack rated
        central bank system
 
THESE MOTHER SUCKING 
     LIVING DEAD
  can  effectively 
 strangle 
    any impulse
  toward
    area wide credit expansion

QED

 YUP 
no meaningful
 macro policy tools
remain in the hands 
               of the people's  
elected representatives 

---------------------------------------

why

as i say so very very often

to kill
global social democracy
 once and for all

by killing 
          the bitch 
          right there 
            in her  home range :

 kold war pampered 
  hot house cultured
pseudo  humane 
         and
         gay as a danish waiter
 
         
   
              western mother fucking  europe 


=======================================
Posted by pinky at December 6, 2004 06:04 AM

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