Of Course They Will Pay You Back
Everything you need to survive in this world, you learn by the end of the third grade. Or, you spend more than 1 day in a trading pit.
Imagine, if you will, you are a young pup again back in the third grade, but you have all your experiences as an adult; how awesome would that be? I mean of course, you would rule any playground you were let loose on to “play”.
Now, on this particular day you watch Skippy, whose parents are by far the richest people in town, loan Nick, whose parents are … well, we don’t really know what they do, some money. You see this and you are a little bemused; after all, how is it Nick is going to pay this money back?
Nick, of course, has no intention of ever paying it back; he’ll ask anybody breathing on the playground for quarters and come to whatever terms you want for payback; 6% interest; 10% interest; 2 for 1; you can date my sister; whatever it takes to get the moola.
Because if there is one thing we all learned in third grade, it’s when Nick gets his paws on your quarter you ain’t ever seeing it again; that quarter has just gone into a “Nick black hole”. And when that new kid in school, who has been here exactly 2 days, lends Nick some money, you want to go over and tell him maybe that isn’t so wise. But hey, it’s his problem.
Then you find out that your third grade teacher, Mrs. Clueless, has set up a ‘debt market” so that you and your friends can actually trade Nick’s debts; and you will be left wondering, is the world out of its mind? This is nothing more than a gigantic Ponzi scheme.
Take all the “have-nots” of Europe and ask yourself the basic third grade question; how is Nick going to pay this stuff back? The answer, of course, is that he isn’t; evahhhhhhhhh.
This is like watching a Stalin 5 Year Plan for “Glorious Production to Defeat the West” being played out, when everybody with a brain knows it’s a train wreck.
The big difference between Europe now and Nick in third grade, is that now the smartest-people-in-the-room are using your money to bail Nick out; imagine the School District giving Nick his quarters every day so he wouldn’t have to bother you?
Now, after a while, do you think Nick would start to view all the quarters he is getting as a “right”; you know, an entitlement?
“Hey, gimme my quarters; those are mine man. And another thing; I want free food, free health care, and free education.”
So, who is going to be the first politician in Europe to tell Nick to go pound sand?
If a guy from Mars came down here to see this, the only conclusion he could draw is that Europe’s “leaders” never attended third grade.
Have a good day everyone.