The European Union Surrenders to the Federal Reserve

by John Galt
May 12, 2010
Comments 7

The popular train of thought is that the European Union was so independent that their ability to unify trade in energy and consumer goods with Russia and Asia respectively, allowed a diversification away from their dependency on their ill sister in the New World, the U.S.A. Now the problem of such a strategy when they realize the mistake of mirroring the Federal Reserve system of centralized banking without the political reformation for the member nations however, is coming home to roost. The member nations of the European Union not only failed to reform their corrupt quasi-socialist political systems developed in the wake of the 1960’s Marxist idealism and integration into their strong central governance programs, they also developed a systemic top down management approach to the economic organization of their nations which impaired the ability of capitalism to save their societies from the very crises they are experiencing now.

Without the freedom to expand their economies at rates comparable with their redistribution mindset the entire concept of the E.U. was based upon the same idealism of the National Association of Realtors inside the United States; that economic recessions are rare and prices ALWAYS go up thus they could cope with minor setbacks because they are not “Americansâ€