Replies to post #109699 on DD Support Board and Research Team

[lineItemVeto]

Do Europeans dislike each other on all levels? Is it just the controlling elite fueling this dissension?
Or could it be too much love for futbal

[Koog]

Money is the lifeblood of government.

The EEC was mainly a trade agreement. But when the EuroPowerElite decided trade wasn't enough, they tried to create a common currency with central control of money and (as planned/hoped) government.

This inevitably placed governments and their money in the precarious position of having, at times, conflicting goals.

It is the political equivalent of governing autoimmune disease.

Destined to fail from the beginning.

[DragonBear]

The EEC worked well as a trade zone, and Euro economies performed far better under the EEC

If it worked that well, there never would've been a need for the Maastricht Treaty.

There was and is no common language, culture, or values among the 28 wildly different countries (and more than that ethnicities) within the EUSSR 'borders'

The common language for the European portion of the USSR was, and largely still is Russian. Neither does trying to equate the USSR with the EU hold.

The ECC was an economic trading bloc and it provided stable growth to Europe, allowing Italy and Greece to debase their currencies at will to fund their spendthrift and corrupt governments and allowing plenty of trade within the EEC bloc.

No doubt debasing one's currency, and screwing the financial lenders leads to the claimed "stable growth". Where "stable growth" would have to go into hibernation, as a Greek default created a European financial crisis. Or is it being claimed a Greece debasing its currency at the wrong time would be wonderful? What would the ECC have been able to do about it? Answer: Very little. What was the danger of the PIIGS crisis? Answer: The same. Except one had the ECB, and a common currency. Despite the head of the ECB speaking Italian, Germany speaking German, etc etc, there was a solution.

The unwinding of the so called social and political experiment could yet play out. First though comes Scotland taking the head off the UK. So as to remain in the EU. Then comes elections in France&Belgium (or is Spain first), when nationalist calls could go up for those countries to exit. Or is one to believe European nationalism ended in 1945? One could bet Germany would have no interest in servicing the current ECB debt alone. Wonder how that would be unwound while maintaining the so called ECC like stable growth of Europe. Of course the US regulators would never have to worry about the US financial system being affected - or would they??? The FX market would be a lot of fun, as the EUR evaporated, and all the old currencies would come back with brand new valuations. Imagine the volatility. Wonder how many quant computers would blow up trying to figure it out? Stable growth in Europe? How about global economic havoc. It sounds wonderful.

Meanwhile MPs resigning. Petition of 3M signatures asking for another Brexit vote - buyer's remorse already? Cameron out, politically leaving it to his successor in the shadow cabinet to invoke Article 50, and one wanting to take on that responsibility. The EU in Brussels more or less demanding that the UK invokes Article 50 to get the show on the road. Yep, Monday, could be another DJIA -600 session. Market doesn't like uncertainty.