Going down chained to the ship or being allowed to float free - the Brits very wisely just chose the latter.
The Fatal Flaws in the Eurozone and What They Mean for You (Part 1)
by Charles Hugh Smith
Tuesday, September 20,
2011
https://www.peakprosperity.com/blog/fatal-flaws-eurozone-and-what-they-mean-you/62574
Just the section headings:
Fatal Flaw #1: Expanded Private Credit, Toothless Fiscal Discipline
Fatal Flaw #2: Profits Are Private, Losses Are Public
Fatal Flaw #3: Low Interest Credit Spurred Misallocation of Capital - The Neocolonial Model of Financial Exploitation
Fatal Flaw #4: The Imbalance between Exporting and Importing Nations
Fatal Flaw #5: The Euro Removed the Mechanism of Currency Devaluation
Fatal Flaw #6: Crushing Private and Public Debts
The Euros Fundamental Flaws - The single currency was bound to fail.
By Martin Feldstein
Spring
2010
https://www.international-economy.com/TIE_Sp10_Feldstein.pdf
A short video about the employment problem found within the U.S. - massive profits from
nearly risk free financial games enabled by central bank monetary manipulations
resulting in no productive assets that create jobs - since that route to profit is far less risky than investing in more manufacturing plants and other productive assets that actually create more jobs,
that's where the money goes.:
[video=youtube;M7rM2uElXKM]https://www.youtube.com/watch?v=M7rM2uElXKM[/video]
From a year and a half ago, an excellent interview with Dr. Lacy Hunt. Listen to this guy's job experience. Wow! He wouldn't be saying these things openly if he was still working for those concerns. He covers productive vs unproductive debt, the parallels of current monetary polices to the run-up to the Great Depression, and shows so very clearly that "the great" John Maynard Keynes (the originator of the basis of current central bank economic policies) was totally wrong about the cause of the Great Depression. Thus, central bank "fixes" based upon his theories are completely wrong.
[video=youtube;oTbLKIc3JA8]https://www.youtube.com/watch?v=oTbLKIc3JA8[/video]
And, a proper modification of the cover of an autobiographical book whose actual title, "The Courage to Act," makes me want to
puke. I'd have changed it to "The Courage to Act (like you actually know what you're doing)." He's a big fan of John Maynard Keynes, BTW.: