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These PIIGS Won’t Fly: Goodbye Euro

Written by Gary North on November 15, 2011

The official New World Order party line in Europe is this: (1) the euro will survive; (2) the eurozone will prosper; (3) the European Union is forever. None of this is true.

When Greece defaults and leaves the eurozone — or is booted out — the experiment will unravel. This was the grand experiment of the New World Order, beginning in 2000. It is not going to survive.

A few Europeans are now saying this in print. That indicates the beginning of doubts. These doubts will spread.

Fiat money is not reliable. The euro is not reliable. Yet Western Europe relies on it. Indirectly, so does most of Central Europe.

The experiment in a single currency was doomed from the start, but Keynesians denied it. Keynesians are wrong about most things. This is no exception.

When Greece departs, the euro’s end draweth nigh.

Then Italy defaults. Then Spain. Or maybe the other way around.

Continue Reading on blogs.telegraph.co.uk

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2 thoughts on “These PIIGS Won’t Fly: Goodbye Euro

  1. it is very well to knwo actually

  2. that was very well written