posted on Dec, 12 2011 @ 10:24 AM
The Dec 9 Euro deal had failed. It addresses the future, which is good, but does not solve the present debt.
Dr Merkal's solution of totalistarianism is useless, for it cannot be implemented onto the sovereign masses whom wishes not to be enslaved by debt
bondgage, will see the selfish angle of Dr Merkal's national interest to get back its returns on debts, and not the whole of EU aspirations
Totalitarianism no doubt is one solution to end the chaos of EU economic disarry and save the culprits - economic and corporation leaders. Hitler's
way is more direct and appealing - nationalised all banks and their deposits, then leave it to the dictator to apportion it out as he sees fit, not
necessarily fairly or equal, create slaves of hated ethnic groups, etc. That's Hitler did it.
But in today's awakened age, of trying to learn from the mistakes of previous authoritarianims in many states around the world that had never worked
politically or economically, so too will Dr Merkal's totalitarianism fail.
The quickest solution is a general debt forgiveness, but it will hurt many savers and pensioners' deposits even if the culprit banks deservedly get
punished in that process. Worse it leaves corrupted prolifigate leaders off the hook.
The only solution left is debt MORATORIUM of 30 years, with no interest, put capital sum paid off in cushioned bits for both debtor and savers over
that period. A better solution than for a general cancellations of debts.
1. EU nations will focus on growing their GDP, attracting private and public investmetns, with existing tax revenues. Trim on national expenditure,
NOT slaughter the needs for the most critical resource of the nation - its people - better and employable education to make them smarter, healthcare
to help them maintain their health, better infrastructure to ensure economic activities are not hampered, etc.
2. EU nations to set aside 25% of whatever REVENUES earned from GDP, to pay off its debts, instead of the current high interests based solely on
soveriegn loans, which is now often more than GDP earned, if not paying the TOTAL revenue earned from GDP today.
Whatever that's extra, should the GDP growth be good each yearwill be consider as goodwill interest, and ALL debts considered fully paid after 30
3. Banks in the meantime will have to raise funds to meet its limit requirements - selling its assets, come out with better ethical methods to
generate revenues, or be sold to a better management outfit capable of doing a better job.
With the 25% debt returns annually by EU states, they will have to responsibly manage this fund and attempt to return back 10% of any depositors of
those debt instruments, ANNUALLY, and not upon maturity, for this solution is no longer an investment instrument, but a debt rescue vehicle.
4. Investors and holders of the sovereign debt funds must accept their opportunity loss of interest and slower returns even on their capital sum
invested. This is a crisis period. It could easily be nothing in return, as in the case of many other investment scams.
This may be the best solution, but at this point of time, it is either this solution or war fought on all levels between nations and precious human
lives over the issue of money, which is only a peice of paper that can be earned over time than lives lost that can never return which is forever
gone. Every human life is precious and means something special to another.
I am only an insignificant nobody, and could rationalise this solution. I am sure there are far more intelligent humans than me, whom can think of
better, safe, with less inflationary ways to save Europe.