The Moment When Everyone Realizes The Money Isn’t There In Europe

Tuesday, July 24, 2012
By Paul Martin

James Kunstler
BusinessInsider.com
Jul. 24, 2012

Europe is giving new meaning to the term “bootstrapping,” the age-old (virtuous) idea of picking oneself up off the floor after some blow or reversal of fortune has laid you low.

The new method might be called “skyhooking” in which a massive rescue apparatus secured at some mysterious point unseen in the clouds lifts whole exhausted nations from their knees in order get them to summer vacation. Hence: the interesting spectacle of an entire continent headed for vacation despite facing utter financial ruin, revolution, and civil war.

No one who has been to Europe in our time can doubt that it is a lovely place to stage human existence. The towns and cities are in immaculate condition, even the ones bombed to gravel in the receding unpleasantness of the 1940s. The trains, trams, and subways run cleanly and on-time. The citizens, though well-fed, maintain normal physiognomies and wear dignified adult costumes out in public.

The Rest…HERE

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