About This Blog

This blog was originally started as a thread on the forum pages of an animal rescue site. Now it's here!

The articles you find in here are purely for entertainment (yours and mine) and (with one or two exceptions) are all tongue-in-cheek chronicles of the World (my bit, anyway) as I see it.
No disrespect is intended towards anyone unless I make a mistake and make it too obvious.

I hope you enjoy my offerings. Feedback and comments of any kind are welcome.

Tuesday, 15 November 2011

The Euro And The Fall Of Rome

Have you heard?

The Euro is in crisis!

Yes, it's true.  Greece has a huge economic crisis and Italy, one of Europe's biggest economies, is following suit.

Whereas the Greek government has pushed (or tried to, if their politicians are to be believed) measures that will save their economy from total collapse and are receiving a huge bailout from the their Euro cousins, the Italians are just starting to feel the bite and are in dire need of a rescue themselves.


Simply put, they have borrowed to the limits of their ability to repay the loan.

Now, correct me if I'm wrong ... and I often am, but if you are in danger of losing the money that you have lent someone, the last thing you should be doing is raising the interest on that loan to record levels, thereby making it harder for the borrower to make repayments.  What are they at now?  6.9% interest?  Amazing!

I personally would be safeguarding my investment by making it easier to for the borrower to pay me back.

But there you go!  That's just me and voicing my opinion is a would be very like farting in a hurricane.  No  one would notice!

But no! The money lenders have other plans for Italy. Perhaps even for the entire future of the Euro!

At the end of the day  though, I live in the UK and I don't really care about Italy's economy, but in our current economic climate,  perhaps I should.  It may well turn around and bite me in the backside, or worse still ...  in my wallet!

Just for the record, I am, and always was, against a single currency for Europe.

I know this subject isn't what you might have come to expect from me. Believe me, I'm just as surprised as you are that I wrote.

Where are all those fairies when you need them, eh?


  1. I personally was against the U.S. currency ever being removed from being backed by gold, but do they listen?


  2. Now, if only those in government would shut up and listen to "the people" they might find the answers they need. We aren't as stupid as they seem to think.


Any and all comments are welcome ...