Posted Apr 30, 2013 by Martin Armstrong
Ever since the ECB issued a report that claims the south was richer than the north to get out of bailing them out, the reaction behind the curtain is very interesting. The talk in the south is now to demand reparations from Germany for World War II. What goes around comes around. There cannot be any realistic expectation that these “loans” will ever be repaid. Had they just created a proper structured currency with a single national debt, this crisis would not have materialized and Europe would have emerged as a potential rival to the USA. It is instead one giant joke, Only a fool still thinks the Euro can compete with the dollar. It cannot absorb big capital because there is NO single national debt to compete with the dollar that is the only game in town for reserves. The tensions are rising. Herein lies the seeds of its destruction and even war.