No, there is no new Euro crisis, just another hotspot in the Euro crisis that has been ongoing for more than a decade.

Flashback

Fifteen years ago, Greece was openly financially bankrupt; the national debt could no longer be serviced. Do you remember what Mrs. Merkel exclaimed in the Bundestag? In essence: If Greece falls, the Euro falls; if the Euro falls, Europe falls.

As always, regardless of who, when, or what mistakes were made, it doesn’t matter now—we must save Greece. This was deemed ALTERNATIVELESS!

The ominous word, the evil spirit, was out of the bottle. The ax at the root of democracy is the abolition of discourse, the declaration of inevitability, and the elevation of oneself above democratic processes at both the national and European levels.

But it wasn’t about saving Greece, which should never have been admitted to the currency union or should have been expelled long ago according to Euro criteria.

Several large banks, especially the proud Deutsche Bank, which later had to beg for state money, would have fallen with Greece. Not least because of unsecured loans for Greek national defense. With loans from Deutsche Bank, primarily German armaments were then purchased. A win-win situation, because the risk was neatly and reliably transferred to the European taxpayer, though potential profits were not.

Reliable and absolutely predictable, then ECB chief Mario Draghi, a man of money who previously served at Goldman Sachs, solved the problem with even more problems.

A rescue package became over ten. How much money was sunk in total… people don’t like to talk about it. Continuity was then ensured by Mrs. Lagarde, a woman convicted in France of bribery and breach of trust involving over 40 million euros, yet unpunished, who France received as compensation for Mrs. von der Leyen as chief. Merkel killed two birds with one stone: Ursula was removed as a competitor for the next chancellor candidacy and was also removed as a festering wound through corrupt incompetence in the Ministry of Defense.

The ECB bought and continues to buy bonds of European states and companies unrestrainedly, thus doing exactly what it is not allowed to do—financing!

Where there is no plaintiff, there is no judge; the good stands above the law. It’s just a pity that gangrene can’t be cured with a band-aid, even if you hide the patient.

Mrs. von der Leyen was just handpicked for the continuation of her presidency, so prosecutorial investigations for corruption were only a nuisance, thus promptly suspended until December 6, 2024. Ursula promises, as we know, everything to everyone who elects her, only to do what those who pay the most want.

Now, however, trouble is brewing in the second-largest Eurozone country. Thanks to expensive voter buying, France is indebted up to its hair, 113% of GDP. According to European stability criteria, this should never have happened, but the Frenchwoman at the helm of the ECB could not tackle the ruling powers in Paris out of sheer gratitude for her position.

When asked how she could retain her high EU position with her lousy election result, K. Bahley (SPD) said in essence: It doesn’t matter, different laws apply in Brussels… than the pesky democracy? Exactly.

Experts say the debt issue with France is difficult because France is too big to be saved. Macron may have already made his exit, perhaps returning to Goldman Sachs?

Too big to save? Not in Europe! Because remember: if France falls, the Euro falls; if the Euro falls, Europe falls. The European peace and prosperity project.

In my opinion, it will turn out as it always has. France will be saved, make a few reforms, the consequences of which will, of course, be blamed on the possible new President Le Pen, thus having the “right-wing populist” cornered as well, perfect.

The Euro will become even sloppier, good for the weak dollar, a win-win.

And gold? It will retain its value, even if more and more colorfully printed paper has to be shelled out for it. As the only sustainable store of value, it cannot be expropriated with dirty tricks, unlike securities, real estate, or bank deposits.

Therefore, stay alert and do the right thing for yourselves!

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