Another Kind of Occupy



Vintage image of ship
attacking harmless squid.

 In an attempt to save the Titanic known as Europe, some quick thinkers have come up with a plan to strengthen the monetary union by giving European politicians the power to declare a sovereign state bankrupt and take over it over. This is like a ship's Captain instructing his crew to throw themselves, all of the passengers and every single life boat over the side in order to save the sinking ship.

Just call it the ECBT plan  (European Central Bank Titanic Plan.)

The plan offered by Jean-Claude Trichet, who stepped down last November as ECB president, would address a fundamental weakness of the 13-year-old single currency the survival of which is threatened by the Greek crisis.

"For the European Union, a fully fledged United States of Europe where nation states cede a large chunk of fiscal authority to the federal government appears politically unpalatable." Trichet said, 

"An alternative is to activate the EU federal powers only in exceptional circumstances when a country's budgetary policies threaten the broader monetary union. It is a quantum leap of governance, which I trust is necessary for the next step of European integration."

Trichet said the building blocks already are in place for moving ahead with his fiscal plan take over. 

Countries have agreed to surveillance of each other's budgets and they have agreed to levy fines on countries that run excessive budget deficits, giving them fiscal oversight authority.

So why not take it one step further and just invade the irresponsible country. 

The next step would be to take a country into receivership when its political leaders or its parliament cannot implement sound budgetary policies approved by the EU. The action would have democratic accountability if it were approved by the European Council of EU heads of states and the elected European Parliament, he said. 

If the word "invasion" is too harsh maybe whispering "occupation" would seem more friendly, after all people are used to hearing about the Occupy movement. Maybe they won't put two-and-two together.

What if the troubled sovereign state is resistant to the declaration of bankruptcy and the takeover its fiscal policy? Well, maybe the Germans would be forced to raise an army and invade the weaker states to force their will upon them, all for the "greater good" of course.

The Germans could then build camps to empty whole nations into and "concentrate" the bankrupt civilians into one area for their own safety. Then the Germans could offer these refugees a final debt solution where they would be freed of their now unneeded belongings for the Germans to use to payoff debts.

Hey, wait a minute ... hasn't this happened once before?

Make no mistake, the situation in Europe is bad... How BAD? Well, France, Spain, and Germany have ALL implemented border controls.

Spain, France, and Germany can each close their borders for up to 30 days at any point if they so choose.

Why are they doing this? Because they know that when the stuff hits the fan and the EU collapses (which it will in the next few months) people are going to attempt to flee with their money... so they have made it so that no one can get it... and no one can get out.

Ever wonder why you never hear about this ticking time bomb on the MSM?

Because it's far more important to hype Facebook stock so a few share holders can make a killing while everyone else gets screwed.

Now you know, so move along... there's nothing to see here.

ickenittle