Controlled Demolition of Europe Continues

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Offline Colin

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Controlled Demolition of Europe Continues
« on: October 01, 2012, 06:20:31 PM »
Euro-zone jobless rate hit record highs ... The number of people out of work in the euro zone climbed further in August reaching a fresh record high, underscoring the hardship that the currency area's fiscal crisis is inflicting on households, and suggesting any economic recovery is some way off. Eurostat, the European Union's official statistics agency, said Monday that 18.196 million people were without jobs in August, an increase of 34,000 from the previous month and the highest total since records for the 17 nations that use the euro were first compiled in January 1995. ? MarketWatch

Dominant Social Theme: Capitalism provides us with terrible consequences.

Free-Market Analysis: It is really sad to watch what's going on in Europe. One can almost imagine reading the history books about this period and getting a completely different picture of what is going on than the reality that should be evident to anyone who has lived through this time.

Appearances are important! Those who follow free-market economics know what needs to be done to pull Europe out of its slump. But the reporting gives no clue of the reality.

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