Debt Rattle May 26 2014: The Absurd Bizarro That is Europe

[Raúl Ilargi Meijer]

Arthur Rothstein Texas Panhandle dust bowl Summer 1936 The headlines speak of an earthquake. But just about absolutely everyone who’s been shaken mana
[See the full post at: Debt Rattle May 26 2014: The Absurd Bizarro That is Europe]

[Raúl Ilargi Meijer]

I like this headline too:

EU Elections: Dinosaurs Duck First Meteorite

The latest European elections ought to mark a turning point in the increasingly unaccountable European project but outgoing President Van Rompuy has already made it clear the misgivings of the Euroskeptic minority will be ignored. Thus the two faces of the EU are apparent – democratic platitudes on one side while on the other: dictating an outmoded big government top down approach (which is clearly failing the people).

The EU is now the preserve of the 21st century’s DINOsaurs: Brussels’ oligarchs who are ‘Democrats in Name Only’, with a distinctly archaic approach to growth, as demonstrated by their desire to expand the ‘empire’ east (into Ukraine and beyond), despite being unable to deliver coherent prosperity in their own back yard. Thus the European People’s Party (EPP) alongside the Socialist and Democrat (S&D) parties will maintain their longstanding grand coalition agreement despite the upsurge in Euroskeptic votes. Their ‘grand coalition’ is a variant of electoral dictatorship: ramming through more regulations and above all, ‘more Europe’, at every turn.

That the people of Europe are clearly losing their enthusiasm for the EU is irrelevant to the rather archaic structure of the European politburo, busy dictating daft centralized approaches to tractor production while competing economies are driven by high tech innovation. (In a marvelously absurd outburst last week at a Brussels conference, President Barroso gave a speech on the topic of developing a more entrepreneurial Europe, wondering aloud why so many Europeans emigrants are developing new technology in silicon valley, without bothering to consider that his Jurassic Park of central planning cannot replicate the dynamic freedom from bottom up technological innovation dominant around Palo Alto.)

Adding insult to injury in their contempt for European voters’ concerns, the DINOsaurs will soon further endorse their self-imposed democratic deficit. After lavish dinners’ at taxpayers’ expense, EU leaders’ summits will fudge candidates for the various presidencies and commissioner posts. Voters will, as always, be an afterthought in a process where only those pledging blind allegiance to the Europhile mania can be considered for high office.

[koso_man]

https://www.bloomberg.com/news/2014-05-26/shakeout-threatens-shale-patch-as-frackers-go-for-broke.html

[koso_man]

The shale boom is half a decade in and already there’s major problems.

100 years? No chance.

[Author]

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