The Brewing European Debt Crisis | Armstrong Economics

Macron is pushing for the European Finance Minister to raise money by selling EU bonds and then distribute the money to the 19-member Eurozone. France is very heavily indebted and here once again we have simply the goal to raise more money rather than reform. Because of the riots in France, Macron is trying to get the EU to fund France. They want to call this the European Monetary Fund and it would be pitched as stabilizing the Eurozone, but in reality, it is circumventing the austerity principles and budget constraints. Juncker was the European Finance Minister to chair a body of European Finance Ministers from each member state. He would also become the Vice President of the European Union. Juncker is seeking to use the European debt crisis that is brewing as the means to the ends resulting in the final federalization of Europe. If the EU raises the money and hands it out like welfare to the states, then they become addicted and totally dependent upon Brussels and thus eventually all sovereignty is surrendered. This new European Monetary Fund would incorporate the European Stability Mechanism (ESM) which is a Luxembourg-based fund that lends money to states in crisis. They lent money to Cypris, Greece, Ireland, Spain, and Portugal. They were issuing their own debt but were not an EU entity. The ESM capitalization was guaranteed by the euro countries. Therefore, the proposal is really a takeover and it would be a way to funnel money to states such as France.
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The Genteel Touchiness of Academics – Taki’s Magazine

Increasingly common, and intended to ruin people’s careers, these sorts of irresponsible denouncements suggest that academics, on the whole, are simply not as intelligent as people tend to believe.
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Very well said. I have found that many of my educated friends and family lack a certain kind of wisdom and common sense that their working class counterparts possess. I have always thought intelligence to be very relative.

Sam Abrams, Student Unrest, a Teachable Moment – Heterodox Academy

The response to Sam Abrams’ New York Times editorial is inconsistent with the norms and values that should define an institution of higher learning.
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Institutions of higher learning? This treatment of a faculty member for exercising his right to free speech reminds me of the beginnings of totalitarianism.

If this keeps up colleges will become institutions of only groupthink. No critical thinking skills allowed.