>The thing is, the EU just isn't following the
>rules set by the Pax Americana; it's not interested in ruling via
>laser-guided bombs and counterinsurgency campaigns. It prefers to trade
>its neighbors into coexistence instead of bombing them into submission.
Then why are the EU countries going along with the bombing, with German planes dropping ordnance for the first time since 1945?
>Its central bank is reliquidizing the global credit
>system in front of our very eyes.
They're doing it at a rather leisurely pace, aren't they? Faced with profound stagnation in the early 1990s, the Fed pushed real U.S. short-term interest rates down to 0% and kept them there for a couple of years; real rates in the Eurozone are still over 2%, and budgets are still tight.
Doug