The asshole sanctimonious German public has it's 40 million pair of eyes
Fixed right on the large fiscal deficits in club med
Shame shame you moorish pigs
Well that's
A clear case of media misdirection
It's not the fiscal deficits stupid !!!!
The key deficit is club med's
trade deficit !!!!
In particular club med's trade deficit
with their northern co common marketeers
Both inside and outside the euro zone
See it's simple
Sharing The euro
freezes the poor med club even their honors class moors
Price levels
This leads
To slow strangulation
Because the med club members can't use the best method of rebalancing trade
adjusting their various national price levels
By
Deval
Ala non zone common market ops like
sweden and Britain
Of course
The German price level in euros is just dandy so .....
They don't need no stinking
And they run the euro bank along with the French
But as is obvious to anyone bothering to look past
The " they're havin a party down there " bull shit line
the pigs really really do ....Need
A deval
And without one
The only way they can adjust
is by deflation of their national price level
The effect of the common euro has been a silent appreciation of the club med price level
Against the teutonic price level
Absolute price level lowering however
Ia
a remedy no advanced production system
based on
Liberal marketplaces can tolerate
That is ....without convulsive reactions as wages and operating margins alike
get squoozen while euro based debt value in terms of club med output prices
Goes higher
Nasty medicine even Germans might rebel against
Though the wage class of Germany has seen some serious constructions lately
Notice
Harts mountain bird seed rations
Of course Germany could go on a binge now
run huge fiscal deficits
boom gimutlick
while imports and German prices soar
That would be the carrot answer
But trans nats
prefer the stick applied to Dago asses
To carrots for Hanzel and Gretel
