Dear Mr. President

Dear Mr. President,

I am here dwelling with the question on how can a nation with such a debt and such shaky grounds for war go for it, with such a vast result in cost, death, human devastation and destruction?

£515bn cost to the U.S, 4.7m refugees, 31,921 wounded U.S. troops, 113,125 Iraqi civilians deaths and so on and on, enough to make any man sick.

This in our 21century is unbearably wrong, how the most advanced country on earth, most powerful, most able, with all the brains any one care to mention at their disposal could go to war?

The actual real cost only God knows and those who lost some of there loved ones, possessions, stability.

When the U.S. went to war, the country already had a big debt. In the international theatre, they were preparing a much bigger show worldwide, massive capital investment in China and the biggest bust of the banking system in living history leaving the UE hanging on the edge of the precipice and the U.S. economy not much better.

I asked myself, is this self-destruction or a tactical approach to a much bigger level of dominance worldwide?

Mr. President when you have a quite moment and your mind wanders around in the universe, maybe you can ask yourself this question, is it worth it? To have 3m of your people on the poverty line and biggest debt, Europe in debt for a decade and the rest of the world on a short time dream “to be American for a minute”.

All of this is bad enough, but if we were to add the CO2 problem, then, there is no point in getting up in the morning.

And, yet I still have a gleam of hope, man the eternal fool, the eternal optimist.

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Euro-disaster?

Not so long ago I listened to a comment where the term “Don Money” was mentioned referring to its power to make an event right even though it was wrong or viceversa. It was Dali the genius of surrealism who “worshiped” the $ as having the power of God.

I am not surprised about speculators in the markets and their ways of operating, ruthless sharks of greed, where they let the market dictate who survives and who perishes. So far so good, but institutions which are meant to be the arbitrators and guarantors of valuations like the rating agencies, which are instrumental in the making or destructions of markets, currencies, nations (European turmoil) in the past few weeks, I have to say: It is wrong.

The Nations and its economies apply different actions and do no follow any rules but their own interpretation of what should or should not be done, one Nation let a bank to go to the wall, and another support it with massive capital injection. In the Eurozone it is all too clear how speculation has been rampant, taking Nations as if they were simple individuals responsible for a loan and assessing them as mere employees where they might be loosing the job and therefore not been able to pay the interest and capital in the short term.

The Euro is a currency used for exchanging goods, it can not be bankrupt for it is not backed by any nation “there is not one nation” responsible for that currency, that system. Each of the Eurozone nations, governments have got into a bigger debt that they wish for, but that does not mean they can not pay back –if speculators do not impose 7% interest or higher. Lets look at it from the point of a loan to and individual from an institution. When a Bank lends you small amount it charges higher interest than when it lend bigger amount (one can see that in any high street bank). We can introduce the risk factor into it, cross comparisons, possibilities of repayments and so on but, if what we really want is speculation and maximize our returns to have a nation at your mercy is the best position to be –the winner dictate the conditions and so does the lender.

If the rating agencies want to take the Euro as one zone, then they can see that the total debt is within the normal range and the AAA rating where it is applicable with the 2-4% interest. It is very clear a case for “usury” or a high degree of speculation. One can see the degree of volatility in changing presidents, or different institutions given different opinions how this affects ratings, rates of interest.

I would like somebody to tell me: How can you make any of the nations in the Eurozone to go bankrupt with the euro?

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