Weekend musings from the mountains of Poland.

Rain is falling from the black clouds which obscure what should be the panoramic view of the Tatry Mountains as sometimes seen from our hotel balcony. Under the cloud and through the rain, everything is green, in stark contrast to the drought stricken countryside of South West France, so recently left behind.

Three years have passed since our last visit and the most striking change is the huge shortening in the average age of the vehicles using the newly modernised highway, which has cut the journey time from the airport to our hotel by at least fifty per cent. If EU success were to be measured in material prosperity alone, then the outlook would surely be bright for that institution in the former communist block countries of Eastern Europe.

The fantasy inflation indices manipulated over decades in the West European former nations of the EU, which led to the billions and billions of accumulated debt, presently in the course of being transferred from the private banking sector, via the ECB, to Europe’s taxpayers, has on occasion been spent to visible effect. To realize the extent, consider the price of an everyday household item and consider its cost in that currency today. Alternatively consider the parity of your own currency against the Swiss Franc, then and now, recalling that Switzerland itself has not been inflation free in recent years.

Outright greed was without doubt the principal motivation of the bankers, but the outrageous political calculation, which relied on such greed and created and manipulated the Treaties and Organisations of the EU, to such an extent that the former democratic nation states can now be subjugated by cherry picking their prime assets, one by one, and thereafter placed under foreign economic control, has to be ranked as one of the most extraordinary and audacious acts of mass conquest in the history of mankind. Allowing the facilitators of this extraordinary debacle to achieve their aims, was either gross, verging on insane, incompetence or deliberate treason by the national politicians who allowed this mass coup d’etat, to be effected.

The rain is clearing, so I will take to the mountains to clear my head. What will follow next week’s vote in Greece, cannot be forecast, somewhere there must be a glimmer of hope, perhaps a ray of sunshine on a mountain peak will appear to cheer an otherwise, so far, sodden weekend.

4 comments for “Weekend musings from the mountains of Poland.

  1. June 29, 2011 at 3:12 pm

    I am sorry to say Greece’s future is all too predictable. Further lending won’t help, this is obvious. The political class en masse have no stomach for the necessary cuts and even if they did, new groups would simply emerge chanting a fake “no cuts” mantra and could easily be elected by a populace refusing to see the barrel they are looking down.

    Then, option 1 ~ Greece defaults and has the New Drachma, devaluation, inflation and simply walks away from its debts. It can’t borrow money from anyone for twenty years but really how bad would that be? Or

    option 2 ~ The EU and the IMF run Greece and the “government” is little more than a county council speading around what money there is.

  2. Patrick Harris
    June 29, 2011 at 4:13 pm

    Option 2 I’m afraid, a la Belgium.

    • June 30, 2011 at 5:42 am

      I fear so…

  3. Andrew Duffin
    June 30, 2011 at 3:03 pm

    Option 2 indeed.

    Then the same for Ireland, Portugal, Spain, Italy, and us.

    “Beneficial crisis” is the phrase they use.

    Wheel out those tumbrils…

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