America and China must crush Germany into submission

The Telegraph ^ | 11/9/2011 | Ambrose Evans-Pritchard

[StAnDeliver]

He's the EuroKruggie, just say whatever tf his wife or boyfriend tells him to.

And when, like Kruggie, he's proved 100% wrong in the next news cycle, he just says he took the contrary point of view to 'create discussion' or 'open dialogue', which has been every Libtard's Refuge for 20 years now...

[achilles2000]

“He has always offered the above not as a solution for socialist succcess but, rather, a means to avoid anarchy/revolution while the failed states restructure and worldwide financial calamity is avoided.”

The result of what he advocates is likely to be some combination of socialist triumph and anarchy/revolution.

The delusion is that there is some relatively painless way out - the proverbial soft landing. The welfare state destroys economies, but, worse, it destroys character. That is why there will be social unrest and economic calamity under almost any scenario.

In particular, AEP’s sneering references to the “calvinist” cultural tendencies of the Germans show he really has nothing to offer. “Calvinists” at least understand that we live in a moral universe and that you can no more escape the economic and social calamity that results from debt-fueled spending debauchery than you can escape a headache after going on a binge.

[TheOldLady]

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[bruinbirdman]

Some have followed Ambrose Evans-Pritchard's columns since he wrote The Secret Life of Bill Clinton: The Unreported Stories in 1997.

They have a different opinion.

yitbos

[achilles2000]

I have the book and have read many of his columns. This column, however, is a disgrace.

[bruinbirdman]

AEP says EU needs the above action if it is to persue its current collective makeup.

For AEP's long range solution see:

Sorry, there is no euro break-up plan – yet

~snip~

My own proposal – like that of Hans-Olaf Henkel, the former head of Germany’s BDI industry confederation – has long been for a radically different kind of break-up. Germany and its satellites should leave, bequeathing the euro, the ECB and other EMU institutions to a Latin union led by France. The euro debt contracts of the south would remain intact. (It is crucial that France stays in the southern bloc, otherwise the instant devaluation of the south would be too great, and France’s banks would blow up on Italian debt)

If conducted skilfully, the revalued Teutonic Thaler could be held by exchange and capital controls at a 30pc premium for long enough to stabilise the two systems. Ultimately each side would get what it wants: Germany could enjoy the stronger currency it needs; the south would restore labour competitiveness without having to go through a decade of grinding deflationary slump. This itself would reduce the risk of defaults. I suspect that within five years, the Latin half would prove to be the more dynamic bloc. . . . .

yitbos