Tuesday.....International.....Euro Zone

The European Union has 27 members, 16 of which belong to the Euro Zone, a term we are not all that familiar with in the United States. The Zone is the economic and monetary community within the European Union itself. It has a central bank, but no treasury, and it relies on suggestion not authority. That's the problem in the eyes of many and, as they believe, could eventually lead to the collapse of the Zone and ultimately the Union itself but many are very hesitant to turn their lives over to other nations. Ireland is the latest European Union and Euro Zone member to face a financial disaster, Greece preceding it. Referring to an article by British correspondent Ambrose Evans-Pritchard titled The Horrible Truth Starts To Dawn On Europe's Leaders, many believe, as previously mentioned, that the Euro Zone was formed without the proper authority within it needed to protect the currency, the Euro, that was prematurely established to begin with. Making promises of no defaults of member nations, speculators took chances based on political faith alone with no Treasury to enforce common sense. It was a recipe for disaster. The Horrible Truth that the article's author refers to is not just economic collapse of a continent, but the rise of fascism. In what he calls an authoritarian Putsch, the leaders of this new entity, the EU, refused to accept the rejection of the European Constitution by the French and Dutch and then similarly strong-armed Ireland. Because of this the European Union is illegitimate in the eyes of Evans-Pritchard. See if this sounds familiar: the author writes: Mr. Delors ( Socialist economist and former European politician, Jacques Delors) told colleagues that any crisis would be a "beneficial crisis", allowing the EU to break down resistance to fiscal federalism, and to accumulate fresh power."  The phrase more familiar to us would be never let a crisis go to waste. This is what Americans have be warned of for the last two-plus years. These folks, either across the big pond or here, have no intention of following the will of the people, unless that will coincides with theirs. This is why Americans are in revolt today. This is why we cannot sit back and just "hope" that a new Congress will keep their promises. The first thing that we should look for, if and when an economic or domestic disaster should occur, is attempts by the government to implement emergency powers that are ideological in nature. The Congress has to exert itself right now to discourage any such possible plans that may be in the formative stage. Ambrose Evans-Pritchard is not without bias and surely those who he writes about would place him in the same category that we are placed in. So what else is new?  It's up to the individual to determine in their own mind where the truth lies and if we are indeed experiencing a resurgence of Fascism and a good place to start would be the book highlighted below! As the author also wrote Elected leaders can violate democracy as well. There was a corporal from Austria...but let's not get into that.