Very rarely in political history has any faction or movement enjoyed such a complete and crushing victory as the Conservative Eurosceptics. The field is theirs. They were not merely right about the single currency, the greatest economic issue of our age — they were right for the right reasons. They foresaw with lucid, prophetic accuracy exactly how and why the euro would bring with it financial devastation and social collapse.Meanwhile, at 3:29 pm this afternoon, Drudge had up the headline, “Global Meltdown: Investors Dumping Everything”, with a link to this article at CNBC’s web site, which reports that, well, investors really are dumping everything: stocks are down, gold and silver are having a sell-off, everybody’s trying to get into cash and U.S. Treasuries (the latter represent the equivalent of the high ground during the Deluge, I suppose, a momentary refuge before everybody who’s not on the Ark finally slips beneath the rising water; only, this time, I’m not sure there is an Ark).
Thursday, September 22, 2011
To hell in a hand basket
Peter Oborne and Frances Weaver show that the Eurosceptics were flat out right: