The implosion of the Euro might have started. Greek MPs will vote tonight on whether to allow a referendum on bailout reforms.
My heart is with the greek people.
I personally hope that they will be able to leave the Euro and the EU, a system of fraud and suppression. I lost all trust in the Euro a while ago. This fiat currency has no real value behind it. It only derives its value from government regulation and law. Real money is based on a good, often valuable metals such as silver or gold. Also bitcoins can be considered as real money. Moreover, the Euro was a still born child right from the beginning. One can not have a monetary union without a political union. However, this is impossible due to a too large difference in the mentality of the people of Europe. Some countries like Germany are very authoritarian and dictatorial in their structure. Laws are often designed in secrecy and there is a mentality of upstairs downstairs, many structures of the outdated feudal system. The mentality in southern countries such as Greece is quite different. A system mainly ruled by French and German political thinking will not work allover Europe. Unfortunately, the EU has become dysfunctional. There are huge government debts in all involved countries, which nobody will be able to pay back. The printing press of the Euro is rolling……
The EU was once an important construct to keep a balance of power in Europe, a necessity as several middle big powers were traditionally competing about a leading role and Germany started several wars to get supremacy. We just have to look this up in the history books: 30 years war, Napoleon wars, Germanys war against France, 1st world war, 2nd world war. The system of a balance of power is no longer working as Putin is able to do what he wishes to do.
Furthermore, there will be a problem to generate new business in Europe, as an authoritarian and dictatorial EU government (with a German and French lead) is very suppressive towards modern technology. There is a war on Apple, Google, Facebook, Amazon to mention a few companies. A lot of modern computer technology is outlawed in some or all European countries, such as near field technology, restrictions on social networks, outlawing of life streaming on YouTube, heavy censorship of YouTube and Google…. Another example are heavy restrictions on DNA sequencing technology. The situation for entrepreneurs in Europe is quite different from what we are used too in the US. In addition many bright scientist have left Europe, as the situation is really bad. Modern companies are difficult to build and thus novel employment is inhibited. This will on the long run contribute to a lack of government funding.
Altogether, the system is dysfunctional. The situation looks in some aspects similar to the 1920`s before dictatorial systems raised to power in several European countries. Dictatorship is one potential solution for the current situation. However, who wish this - maybe only the dictator and the people who take financial gain of this, but this will be definitely not be the majority of the population. The best answer is reform, but there is a lack of will from the few people who benefit from this system. Thus several people are predicting a system collapse as soon as this fall.
The American revolution 1776 can be an inspiration of how to do it better. All big system changes bring also a huge opportunities. I hope Greece and the Greek people will show us a way to escape the present system.