Italy has killed the EURO: you read it here first

The final conclusion of the italy vote is, that the people voted against austerity and against what they see as the dictatorship of the markets.

That are the repercussions:

1) The way out of the debt problem, was invented in Brussels, with the northern states and with the banks.
It says, that the way out of the crisis is to reduce the level of state spending to the level of incoming tax money + 3% more debts.
2) This concept looked good on paper, reassured the markets, let the BMP fell, reforms were being voted in, and means of increasing the state budget were put into place.
3) The reforms, put into place by the states, taxed the normal people, state reforms, meaning reducing the state footprint against the GDP, were not in consideration and were thus not put into place.
4) Italien people voted against this politics. Probably others will follow in europe in the next years to come.
Political systems are about to being crushed, parties will cease to exist, others will emerge, old systems will disappear, new ones will emerge.
5) That looks good, on the first sight. But my interest here is to analyze the impact on the euro zone.

My conclusion:

The italian vote was the death bell for the euro.
You cannot make politics against the people. People do not accept the white paper of the banks and the EU bureaucrats.
Eventually states will leave the euro zone and the EU Brussels burocrats, they will say:
I vote for a government, I want my own state money, and I want to vote again in some years, judging on what has been done.
But I do not want to bleed for a common currency and neither for ideas and measurement put into place by a far away brussel technocrat machinery, which nobody knows.

The EURO was a condition for the germans at the time. Unification if they accept to replace the DMark against an Euro.
The father of this idea was Mitterand, a socialist like our Hollande today. These people just have genious like ideas all the time.
And by the way, the world economy will collapse one day. That is for sure. Why ?
Did you make the math to know what your kids need to pay for state debts considering the interest rates and growth ?
That all will never add up, and it is not sustainable. Our system needs a reset all the xx years. And the xx is coupled with the growth of the economy. The faster it grows the more early it collapses.
Thats the truth, my friend. Thats a natural law. Too bad we are living in the collapsing phase …. but there are chances after the collapse, because time will not stand still.
The Euro is generally a good idea. 
Like the dollar, you have a vast territory, very different economic situations in every single state, but a dollar that works well.

Whats the difference to Europe ?

1) we have no political integration
2) no common financial / budget policies
3) no means to handle a bancruptcy of a state like Greece

The problem is what ? 

The southern states do not want to integrate, because lying closer to the northern country center, which is very heavy, means you loose power.
The northern states do not want eurobonds (eurobonds would mean kicking the can further down the road btw).
Game over. Exit.
The euro is history, it is a living dinosaur. Now lets enjoy the end game.
^àTOn^
Source: IWB