The Coming Collapse of the Euro?
Posted by lamarzulli on March 20, 2013
L. A. Marzulli
Cyprus rejects bailout deal leaving eurozone facing fresh crisis
Marios Mavrides, a government MP and former finance minister, raised the prospect of the country becoming the first to leave the euro. He told BBC2′s Newsnight: “If we cannot come up with the €5.8bn in a few days then I think we will go to the Cyprus pound. That will be the end of Cyprus in the eurozone. We’re going to exhaust all other possibilities but what can we do? If we have no other solution we cannot leave the people without money.”
Cyprus is in the midst of a financial collapse and unless it can borrow 5.8 BILLION in a few days, as the article above states, it will leave the Eurozone.
Europe is a nanny state with excessive taxes and government handouts. The problem is the government can’t give everyone the entitlements it promises, as the there aren’t enough workers to support it! Will Cyprus be the straw that breaks the financial back of the Euro? While Cyprus struggles, Spain, Portugal, Italy and Ireland are also on the financial skids. The reason for this is simple. High taxes and BIG government, with entitlement programs for everyone from cradle to grave.
Now let’s swim across the pond and look at The United States. We are 17 trillion dollars in debt and going deeper in debt, as I write this. Our government is trying to legislate all aspects of our lives, and taxes are at an all time high! Meanwhile, The-Obama-gave-me-a-cell-phone-crowd, doesn’t have a clue as to the grim fact that we are hot on the heals of Europe’s financial crises and the possible collapse of the Euro as well as the Dollar.
Americans did not pay taxes until the 20th century. For those of us who don’t have a grasp on American history – perhaps some of the 20 million illegal aliens who are residing in this country – the big government we have now did not exist, and Americans KEPT what they earned. Now, we work about 3 to 4 months out of the year for the government. We are nothing more than modern-day serfs, supporting the bloated tick-like government which is taxing and spending us into oblivion! One of my hero’s Judge Napolitano puts it all in perspective when he says, a government is best that governs least.
In closing todays post: We ned to keep and eye on what happens to the Euro, as if it goes the dollar may follow suit. Is this financial collapse being orchestrated? Most likely yes, as I believe there is a cabal of men and women who want a New World Order, an elite ruling class that will micro manage every aspect of our lives. Cyprus may be a test-run of how the people will react when the banks are closed and folks can’t get their money. Some of you will say, It can’t happen here. However, I would warn that the collapse of the dollar and the social chaos which would follow is a real and chilling possibility. In the meantime, let’s keep an eye on Cyprus and what develops there.
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