We’re optimistic we will get past chapter I. Of course King rightly notes that this is no cure. That’s right. It’s not meant to be.
To most folks observing from afar the single currency never made much sense. We recall back in 1999 when the idea came up that Charlie, the cowboy to whom we lease 118 acres of California foothill land, noted that, “Hell, that don’t make sense. They’re none of ‘em the same. It’ll blow up.”
Indeed it will. All but the willfully blind understand that the only way to have a bunch of currencies lumped together is if these sovereigns are culturally close. Charlie might have miscued on Germany and Austria but he has Germany and Portugal, and the rest of the south, spot on.
What else is there to understand?
The folks who put this thing together may have had an education but they couldn't find their way out of a wet paper bag. Charlie’s never seen a college classroom, but in a pinch, you’d want him on your side.
Robert Craven
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