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Waspsnest’s Contributors

The Wasp
Mr Raccoon

The Maastricht Treaty as a suicide pact …

An interesting interview with Steve Keen on Europe with a few choice quotes and his view of where it’s heading and a potential way out for Ireland :

Ultimately the Euro has to fail and the longer we continue the farce of believing we can make it function the larger the ultimate crash will be

This leads into a longer discussion of the state of the World and its inability to ‘export into the ponzi’ like Japan could from 1990 to 2010 since the entire developed world is trying to do the same thing and “there is no ponzi scheme on Mars that we can export to” leaving the globe without Japan’s initial way out.

“it’s amazing to see us repeating the same mistakes that were made during the 1930s but we are doing just that.”

His view on Italy and Spain is equally interesting with either of those being possible places for a military coup :
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