Friday, June 22, 2012
Lady Thatcher: The problem with socialism is that eventually you run out of other people's money
What we are watching in the Euro is a real-life end-game of Socialism and collective tyranny.
This is not a textbook, folks. We are watching History happen.
Maggie Thatcher is credited with the famous quote: The problem with socialism is that eventually you run out of other people's money...
Everyone in the EU is banging on Germany to spend more of her cash. Everyone in the EU is broke, except Germany, and the banks have found there is no more real benefit to lending to the EU countries - they have milked that cow to death. The banks only remain in the game at this point because pulling out means closing the doors.
So, France, Italy & Spain will bang on Merkel to spread German wealth into other countries in true Socialist fashion, right to the end.
Watch the History, folks, and it is Article III Section III for any American who tries to take us down that road.
Here's the link.
Posted by K at 5:19 AM