STEVE PIECZENIK TALKS

Disaster is Looming! Is it ISIS? Ebola Epidemic? Muslim Terrorist Attack? Solar flares or meteorites? What is the terrible Cataclysmic Event that will shake the earth?
No, No, No, the real danger is DEFLATION of EUROPEAN CURRENCY!!
What?

Some of my loyal readers ask me ‘what are you smoking, doc?’  I don’t but allow me to elucidate regarding current headlines…First,  the greatest danger to any viable economy anywhere around the world is DEFLATION.  When the value of the assets and currency ranks so low that no growth or consumption can exist, even marginally, then that country or countries (Europe) is in dire straits.  That means that no one can or will buy goods and bartering will become the official trade currency in the rise of inevitable ‘black markets’.  In more simple terms, no taxes can be collected; lazy, incompetent leaders and bureaucrats of the different EU countries cannot be paid; and the Holy Grail of Socialism [read France, Italy, Spain] disappears.

If you think that I might be exaggerating,  I will quote some points of recent monetary landmarks that were subsumed in the makeshift fabricated hysteria of “Terrorism” and “ISIS”.  In late August,  Mario Draghi, a well-coiffured Italian monetary expert  announced at the Jackson Hole, Wyoming’s  [looks like Atlantic City in the mountains] U.S. Federal Reserve’s Annual Conference that the German plan of austerity for Europe was not working.  The patient is dying, time for a respirator!  Europe, especially France, Spain and Italy are all at such a low rate of growth because no one wants to buy anything and they have no money with which to buy ‘nothing’, that quantitative easing will be initiated.

By allowing currency to flood the market as we did in America,  Draghi can in principle create inflation which would halt the deflationary spiral.  Sound feasible,  it worked in America and many other countries which had…… What?.... once again we come back to that nasty little problem-----It worked in those countries which had their own printing press so they could make as much money as they needed. 

So what’s the problem in Europe?
Germany! Once again, this financial behemoth that was destroyed more times than a tinker toy set has refused to allow any economic easing because historically Germany fears inflation.  Runaway inflation is what occurred in the Weimar Republic and then, Chancellor Hitler fixed that through Arbeit [work]; manufacturing Porche’s Volkswagens;  funding Thyssen-Krupp Armaments; and the rest is HISTORY—WWII.  You can see that Germany has a very good reason not to allow Draghi to implement  QUANTITATIVE EASING [buying state bonds thereby creating “inflation”].  

Currently,  I see a very dangerous scenario in all of Europe where Germany controls the printing press, particularly countries in the southern tier—Portugal, Italy, Spain, France, and even Ireland [bailed out twice from bankruptcy].

What should those countries do?

For years, I have been a proponent for the break-up of the European Union which has been nothing more than a bloated, unnecessary layer of less-than-useless bureaucrats who know nothing about the specific regions of the EU which they have to fund.  I would go further and encourage the different regions of the ersatz created Westphalian nation-states to break-up once again into manageable sections which can encourage on a more local level: entrepreneurship, agriculture and efficiency.

▪ Why do the brave, efficient farmers of the Brittany in the north of France have to support the indolent, non-farmers of Spain and Ireland which is nothing more than a tax haven?  

▪ Why does Toulouse in the Southwest of France not reassert it’s more venerable Languedoc heritage and it’s formidable economic engine of the Airbus which is partly owned by Britain, Germany, and England instead of having to support the deadbeat Hollande and his dysfunctional socialist party?  

▪ Why does the industrial northern province of Italy [Milan] have to support the political corruptions of the southern part, Naples?

When I first created and wrote the Net Force Series twenty some years ago, the notion of CYBERNATIONS was paramount in my thinking.  I knew that through the increased importance of the internet and the greater integration of financial transactions across the world,  the 19^th Century concept of the NATION-STATE, developed after the Congress of Vienna was long ago dead and buried.  More importantly, having lived in both France and Spain,  I knew that the entrepreneurial nature of each country could be released through the disintegration of both nations.

The EU was,  as  I have stated long ago,  nothing but a pathetic attempt by French Intellectuals to reign in the more formidable entrepreneurial nature of Germany.  I knew it would never work. Now with the imminent wave of deflation flooding over Europe,  my theories start to ring true. 

What is there to do?
Scotland must secede from England!
Catalonia and Basque Provinces must secede from Spain!
Milan and the northern provinces must secede from the moribund museum called,  Italy.

And Ireland must resort back to an entrepreneurial base that is not dependent on tax haven free dollars.

There is a reason why the Chinese do not… and will not suffer from DEFLATION! The CHINESE discovered the wonders of the printing press,  printing their way out of deflation and stagnation and even creating their own fiscal reported results, which they do all the time.

Europe, wake up before its too late! and before all your citizens are lining up in the bread lines of poverty. The World Economy is nothing more than an elaborate Ponzi scheme and Europeans are on the bottom.