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Δευτέρα, 7 Μαΐου 2012

EU lost in translation

The EU system has lost its navigation abilities.
 Focusing on paper based economy of Assets and  Profit/Loss creative accounting, moved the force of the European governments on the banking family business.

The economic austerity measures for many Euro zone countries is and will continue to be their financial disability to devalue their economy currency in relation with the stronger countries.

 The fiscal and monetary controls of local governments are reduced in freedom. The economies are still separate and there is no full integration expected in the near future, as the EU budget is based on tax collection from people and distribution to private entities (banks, construction, transport companies) .

This was the German model that is not going to be viable, so nations turn back their views in self defence to nationalism.

This is mostly a reaction to the EU becoming a corporate umbrella company but fed by public taxation.
The problem is the short sight of the Franco-German axis till yesterday, and their negligence against the people of the EU (tax payers) who fund only private banks .

The EU must return to the political union of the people, not of the bubble bankers.

The banking money making mechanism (multiplication factor accounting of credit creation) is based on the legalisation of the people governments and when the  banking players are refusing to follow the people rules and create imaginary credit levels, then they should be punished with the loss of their greed and punished with the legal action against their illegal activities.

People give legal reasoning, people should be able to make them straight.

Governors should be also punished when ignore both the legal and political frameworks, by criminal punishment for their illegal actions and with political distaste to their future request for re-election.

Governments should always remember who elects them and why.


Ptolemy.

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