The power of III

Summum ius summa iniuria--More law, less justice

25 May 2011

The greatest conceit: governments thinking that central planning of the economy is possible

Things Are Spinning Out of Control
The pretense of centralized control of history is wearing thin.

The single greatest conceit of the Status Quo in the U.S., China and Euroland is that systems and trends can be tightly controlled. That conceit is slowly being revealed as hubris, as all sorts of things are spinning out of the control of the centralized authorities and financial elites in each geopolitical power center.

Does anyone really think the people of Greece will stand idly by while the state treasures of their nation are transferred to the banks which foolishly lent billions to a visibly risky enterprise? The banks, of course, lent freely to insolvent governments throughout the European Union, confident in the backstop of the E.U. itself.

Good article on about the coming collapse of the global economic structure and central banks.

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