What has been referred to for years in progressive, collectivists circles as the "antiquated notion of sovereignty" is squarely under attack worldwide, including the dual sovereignty in the unprecedented compound republic system of the U.S.
The sad and unfortunate fact is that we are doing this to ourselves:
"The borrower is servant to the lender." (Proverbs 22:7).
And, "Think what you do when you run in debt, you give another power over your liberty." (Benjamin Franklin).
While this article refers to the EU, the implications are spot on for the United States on an even grader scale.
From Zero Hedge:
From the "just delivered speech by ECB executive board member José Manuel González-Páramo is the following: "We cannot completely delegate governance to financial markets. The euro area is the world’s second largest monetary area. It cannot depend solely on the opinions of ratings agencies and markets. It needs economic governance arrangements that are preventive and linear. This underscores my central point that a much more comprehensive approach to economic governance is now the priority for the euro area. And this means more economic and financial integration for the euro area, with a significant transfer of sovereignty to the EMU level over fiscal, structural and financial policies." In other words, in order to protect people from the "stupidity" of rating agencies which after years of lying have finally started telling the truth, and the market which does what it always does, and punishes those who fail, Europe must be prepared to give up "significant sovereignty" (sounds better than Anschluss) to Europe's "betters" which is another way of saying 'he who pays the piper calls the tune."
No comments:
Post a Comment