The European Crash Dummies Will Hit the Greek Brick Wall
by Gary North
A crash dummy has some of the physical characteristics of a human being. It is used to test the safety of the interior of a car that has suffered a major accident. A pair of dummies are strapped into the front seat of a car that is on a track. Then the car is run into a wall at high speed. The engineers then examine what happened to the dummies. If the dummies had been human beings, would they have been killed? Dismembered?
But what if the dummies were in charge? What if they strapped the engineers into the car and ran the test?
This is what is happening in Europe today.
The dummies are the bankers. The engineers are the politicians and EU bureaucrats. The observers in the back seat are stock market investors.
To understand the nature of the car, the track, and the wall, view the comedy sketch of Australian comics Clark and Dawe. This will prepare you for what follows.
EVALUATING THE EXPERTS IN CHARGE