Secession: An Answer to the Sovereign Debt Crisis
by Ron Holland
Get ready as secession is coming soon to a failed union near you. Over the weekend, the news has been full of reports about Scotland getting ready to vote on independence from the United Kingdom after the election victory by the Scottish National Party. The UK has stated it will abide by the coming referendum but we fear the Bank of England, their central bank will not be so agreeable.
Also we hear with the usual denials, that Greece is considering withdrawing from the Eurozone due to their sovereign debt problems. The Greek leadership believes dumping the Euro and creating their own currency will allow them to inflate their sovereign debts away as well as getting the country out of recession and forced austerity from Brussels. These same Greek politicians should have thought of this when earlier receiving their big payoffs and incentives to force the nation into the EU. They will claim the motive now is patriotism to save the nation as sometimes even politicians will become patriots when necessary but we expect they see another graft opportunity.
The European Central Bank (ECB) will not be pleased with Greece because its Greek bond portfolio will suffer. Also these individual political actions where citizens decide their future rather than distant central banking cartels and eurocrats threatens the entire European Union. The EU and ECB were just a sham and power grab from the beginning for power hungry European elites not content with just pillaging their own citizens.
Why This Political Action Can Solve the Sovereign Debt Crisis