Schaeuble Warns Of “Revolution” If Welfare Model Threatened

Tuesday, May 28, 2013
By Paul Martin

by Tyler Durden
ZeroHedge.com
05/28/2013

Over the weekend, when discussing the latest casualty of Bernanke’s disastrous monetary policy, the US corporate pension plan, we touched on a topic that has been a recurring theme on these pages: “the start of the unwind of the welfare myth, if only in the private sector for now, should be making those enforcing a collapsing statist regime, made worse by Ben Bernanke’s endless tinkering in what was formerly a free market, should be making the guardians of the status quo very, very nervous… and certainly has the disciples of the Bismarckian welfare state delusion on their toes, because they can see very well what is coming down the road.” Moments ago none other than Germany’s finance minister, Schrodinger Schauble, explained just why this observation is at the core of all modern problem, going so far as using the R-word in the context of Europe (first, and then everywhere else).

The Rest…HERE

Leave a Reply