Yesterday in Nicosia, we had the first of what I soon expect to become a cataclysm of demonstrations.
Apparently, the “goat herders“ or something like that… were out in protest in front of some government and EU buildings complaining of not being able to make ends meet.
Some government official eventually made his way to the scene to announce some kind of handout to help them out and they then seemed satisfied and dispersed.
So far so good right?
OK, well here’s the problem…
As more and more industries feel financial pressure there’ll be more and more of them out on the streets demanding the same… financial relief!
But our government can only handle so many handouts (and EU permitting) before collapsing itself!
This should gradually progress to the point where fewer and fewer companies will be paying taxes as more and more industries will be placed on life support.
So we are gradually shifting from a
free market economy to a
handout economy!
Now imagine two dozen EU member states gradually falling into such despair… it can only lead to the EU’s capitulation and that’s when we’ll see all the EU technocrats grab whatever stashes of money they can from the depleting kitty bank while they can, and flee to South America!
I so anticipate this happening in the near future… I don’t know if I should be laughing or crying!