The economic long-con..............from Rico

Let's see now:
- Greece is no more "fixed" than it has been for the last few years.
- Italy is a worse problem, yet the Italians are celebrating this weekend that EUroMuppet B has been changed for EUroMuppet X...while nothing has really been "fixed" there, either.

And NO ONE is taking a serious hard look at the very serious problem with Fwance (except perhaps the Germans, in private, out of politeness).
- They must be thinking that Greece was a cakewalk, but the implications for Fwench Banks of Italy 'losing it' are horrendous.

Meanwhile, the Grand Illusion of EUropa and the EUro persists among the EUrocrats.
- Look at what these politicians are publicly acknowledging as "official" government debt, and compare that to their actual debt.

In fairness, politicians everywhere persist in the Keynesian delusion that access to debt equals access to wealth, thus the REAL problem is two-fold:
- (a) too much DEBT and
- (b) STUPID politicians.

We have seen it before, and we will see it again. Government is NOT your friend, and when it's time to throw somebody under the bus their position is always the classic "better YOU than ME."
- NO problemo IF they can take massive 'private' debt (Banks) and make it 'public' debt (tax the people) and print enough fiat to keep the long-con going a bit longer (devaluing/debasing the currencies).