Tag Archives: euro collapse
“Fiddle while Rome burns….” We have all heard that phrase. But IMHO it is quite appropriate now because of two events that are currently occurring.
First event: The Euro and the European Union are in dire straits, about to collapse. Niall Ferguson, a professor of history at Harvard University (hardly a bastion of conservatism) says that as Great Britain goes, so goes the European Union. The thing that could cause the European Union to collapse would be the withdrawal of Great Britain, and that has started to look quite possible. And, Great Britain has instructed its embassies in the Eurozone (different from the European Union) to be ready to help British citizens through the collapse of the Euro, planning on the basis that a Euro collapse is now just a matter of time. Diplomats have also been told to prepare to help tens of thousands of British citizens in Eurozone countries with the consequences of a financial collapse that would leave them unable to access bank accounts or even withdraw cash.
Second event: With the “crisis” in Europe as a backdrop, what did President Barack Obama do? He took advantage of the unseasonably warm November weather and enjoyed a round of golf and shot some hoops with personal assistant Reggie Love. He then gathered Michelle and the girls aboard Marine One to attend the Towson University-Oregon State basketball game in nearby Baltimore.
So while events that will affect the U.S. (particularly the economy), Europe, and the entire world occur, our Narcissist in Chief is playing golf, shooting hoops, and attending a basketball game. Surprised? Why should we be? Obama has ALWAYS put himself first.
But that’s just my opinion.