Into The Sea

Europe is having its Titanic moment.

That's a captivating "essay", thanks.

Bill Whittle thinks like and is a jet pilot. Comparing the Air France Airbus crash to the EU is a very close analogy.

The chickens will be coming home to roost as soon as it gets dark enough.

Massive social upheaval a Euro collapse will cause has a strong potential for war, either international or civil war. Witness Europe and Asia in the 1930's.
Unlike the 1930's North America's social spending has crowded out any possible military assistance to we could offer to Europe.
The Euro-weenies are on their own next time around.

How many times will we save europe from the socialists and their fellow travellers' love of theory?
Can they be?

Offer military assistance to Europe? Which side, or sides?

Awesome analogy fer sure.

Offer military assistance to Europe?
Which side?
Posted by: JDN

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Use them for slave labor.

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THESE ARE OUR TERRITORIAL DEMANDS!

War in Europe - Given a few posts above, I will add my two cents worth. I see this as a possibility, in fact a probability, but it won't be an international war, or even civil war as we have had in the past. None of the states that exist have the arms or the will or the motive to go to war against each other. Unlike in some other parts of the world, the citizens of Europe are not well armed enough to try and overthrow their governments and seize the reins of power themselves. What I see happening would be more like a cross between the recent break up of Yugo and Russia 1917 or Germany post WW1 pre WW11. Any new group that managed to establish a government would likely be fascist or communist. Probably fascist because when the civil order breaks people revert to tribalism, which is in my opinion the natural order of man in a state of nature.

There is a wild card in the present European Scenario. If civil order broke down I think there would be massive ethnic cleansing as happened in Yugo. One of the targets of the ethnic cleansing would be the muslims. But what would happen if this scenario arose? One possibly is that the muslim world would use military force to aid their co religionists (possibly a Turkish invasion of Europe), or the muslim world would arm Euromuslims so they could defend themselves.

We are likely heading into the dark ages round two. History and conflict didn't stop for our generation.

Jokes aside.

America might help Europe if not for our
Socialists Wannabe President.

Telling Germany's Merkel she needs to lighten up on Austerity measures-

President Oblamer is that inexperienced pilot trying to fly the world economies into the ocean.

The failure of the Euro and the EU is th best thing that has happeneded to Europe since being freed from Fascism. In may ways they are one and the same.

Greece is the reluctant hero which broke loose from EU centrally planned kleptonomics as a matter of survival (they will do the same thing iceland did when the Kleptos hand them a debt bill, laugh and go back to their own currency) once other nations see they need not labour under a yolk of fiat debt, the EU will tumble like dominos.

The only people the EU/Euro benefitted were those who ran the centralized currency system - a small monied cabal endebted the majority of tax payers with fiat credit then confiscate up to 30% (on top of national taxation) of collective productive capacity as the price for this decrepit currency/economic system. It was bound to fail.

Occam - I agree with you to a certain extent, but it still comes down to the fact that all the European governments are socialist, and all the European people expect government to provide them with services that they can't afford and aren't willing to pay for. They eventually run out of other peoples money. The money is just a way of accounting for the value created by producing things. Money is nothing more that a piece of paper that says, ' I worked and created x amount of value, I will take this credit note and trade it with someone else for goods and services of equivalent value'. If no one creates anything of value, the money has no worth.

Fiat currency can work. We would all be a lot poorer without it. It is very difficult to do any sort of business without a agreed upon medium of exchange. Gold works great, but if you have lots of oil or lumber or nickel shouldn't mean you are poor just because you have no oil.

I think the problem with currency is with government owned or controlled central banks. Going way back a king had to raise revenue by taxing his citizens, or borrowing it. There was no other way. Lenders expected real collateral and citizens only had so much that a king could take. If private banks issue money, they and their customers had a vested interest in the money maintaining its value, because if it didn't no one would want it and it would be worthless. This is what it was like in the old days, even here in Canada. Different banks issued their own money band people had a choice of accepting it or not in the payment of debt. Governments don't have this problem. They can force people to use their money and they have a vested interest in inflating their debts out of existence. Inflation is in fact a stealth form of taxation.

Its not going to happen overnight but we are probably going to go back to private money when the current order implodes. I can see a day when Paypal credits become a form of currency that people choose to use over government money.

Occam ... well done.

As I viewed this I was reminded of the "Gimli Glider" - an Air Canada 767 flying from Montreal to Edmonton that ran out of fuel when only half way there.
A conflation of human errors resulted in a near-disaster.

Whittle - what an appropriate name for a JET pilot!*

Excellent video.

* http://en.wikipedia.org/wiki/Frank_Whittle

Whittle should be on National Television. In some nation that doesn't have its head up its collective butt.