RUSH: I have a story here from the UK Telegraph: "The chairman of Goldman Sachs Asset Management has said that the need for a German-led fiscal integration in the eurozone would make it increasingly unattractive for all the countries who joined to stay in the single currency." However, I want to read to you a quote from this story. It's by Kamal Ahmed. The source of this might surprise you.
"I think if you look at the troubles which happened in European countries, this is purely because of the accumulated troubles of their worn out welfare societies. I think the labour laws are outdated -- the labour laws induce sloth, indolence rather than hard working. The incentive system is totally out of whack," quote, unquote. Who do you think said this? This statement is buried in this Telegraph story about the euro. You know who said that? A spokesman for the ChiComs' Sovereign Wealth Fund. So now that you know who said this, I'm gonna read it to you again. A communist Chinese Sovereign Wealth Fund spokesman -- a communist commenting on Europe -- said, "I think if you look at the troubles which happened in European countries, this is purely because of the accumulated troubles of their worn out welfare societies.
"I think the labour laws are outdated -- the labour laws induce sloth, indolence rather than hard working. The incentive system is totally out of whack." My gosh, folks, the ChiComs get it! This is an article about the euro and what's wrong in the euro zone. They're basically a bunch of takers, a bunch of losers. The losers dominate. That's why they're in trouble.
No comments:
Post a Comment