Saturday, October 22, 2011
Solution to the Debt Problem: Exile the Jews!
A lot of people is asking the question of how the European debt problem could be solved. The above graph (in millions of Euro) shows the amount of debt maturing in the next three years, that will have to be refinanced. 1.7 trillion euros. There is no doubt that not a cent of the debt will be paid off, but it will have to be exchanged by new loans. Someone has to give these new loans, and that can be only Europe's Central Bank. How can Europe keep giving loans to itself?
The debt will never be paid back. Some mechanism will be found to make it go away, and the easiest is inflation. Another is bankrupcy and renegotiation of the debt aka "haircut". Another is forced savings, like war bonds. Europe also could sell itself to China.
In the past, Europe had always the Jews at hand to solve the debt problem. When the common people was feeling that they were working like slaves to pay the debts owed to Jewish moneylenders, and that everything was owned by the Jews, they could annul all the debts owed and expropriate all the property owned by Jews. They were also exiled so their long faces would not ruin the festivities. Then, when credit was needed again, they would be recalled. France in the 12th Century did it, England in the 13th, Spain in the 15th and Tzarist Russian in the early 20th Century. Hitler started well and Germany's Jews were let to emigrate with a suitcase alone, but then ruined this solution for several centuries ahead. Europe today has no Jews to be expropriated or expulsed. They will have to pay the debts owed to themselves.
But America still has the Jewish option. Should things become desperate, "Wall Street" could be nationalized and the "financiers" (in the widest sense, including analysts, accountants, statisticians, attorneys, etc.) encouraged to make aliyah. It would provide an historically proven solution and what a coincidence! it would also prove Theodor Herzl right.