EU Bust as Internet Reformation Rolls On ...

Monday, May 07, 2012 – by Staff Report

Hollande wins and the end of the euro draws nearer ... In France, and in Greece, the anti-austerity backlash has achieved a double victory this weekend, bringing closer the point at which the euro breaks asunder. Continued German support for the single currency relies on acceptance of the austerity imposed by the fiscal compact. Both France and Greece have now resoundingly rejected the old political consensus, making the future of the single currency more uncertain than ever. In recent days, the European Union, in seeming anticipation of these election results, has loosened its rhetoric around austerity. Olli Rehn, the European commissioner for economic affairs, has called for growth friendly austerity and insisted: "The stability and growth pact is not stupid... the pact entails considerable scope for judgment when it comes to its application." – UK Telegraph
Dominant Social Theme: All will be well with the EU ... hey, wait a minute!
Free-Market Analysis: Here at the Daily Bell one of the things we are (modestly) known for is our perspective that the Internet and the information it distributes would have a huge impact on Western government and the one-world global elite conspiracy, which thrived under the cover of darkness.
We call this phenomenon the Internet Reformation and we have modeled it on the effect that the Gutenberg press had on its times and society. We are fond of writing that the Internet is a process not an episode.
We still find all these things to be true. In the past years (more than a decade now, really) we have made numerous prognostications based on the Internet paradigm and the way it is reshaping the world ...
Read More