A World Financial Crisis: Get Rid of the Euro-Let Europe Fend For Themselves

THE DOCTOR IS IN _______________

LAS VEGAS-Hello America, and how is the world treating you?

The world financial situation is in turmoil. Greece needs a bailout, Italy, Spain and Portugal need a financial infusion and it appears the world doesn't have enough money to bail out Italy. Wow! The European Union (EU) is a disaster. Right now even Germany is having problems as they try to get the EU back on track.

This one world, one CURRENCY is a failed fiasco. Prior to the 17 countries that decided to use the EURO as the currency of record, the various nations were doing just fine. Each country had their own sovereign currency and import/export , trade and commerce were humming along. However, when these few stupid financial titans that claim to know what's good for the world and its economy made the decision to put Europe on track to use only one currency, the European economy started its downward spiral.

As soon as the euro was introduced and made the currency in Europe, Italy and other nations began to borrow money like there was no tomorrow. Italy, Spain, Greece and Portugal immediately began to increase the wages and benefits of all of their public employees. They began spending like a drunken sailor. Now the bottom has fallen out of the euro and we in the United States,, Canada, Japan and even China have to come to the rescue of Europe.

I said it before and even said it as early as the initial suggestion that Europe adopt a one currency policy - - and, I'll say it again. BAD IDEA. It was a bad idea from the get go.

Now financial and economic experts are saying that if the euro collapses, it will be a financial disaster. I totally disagree.

Europe is now playing the same game that our banks here in the United States played. Our banking industry caused the financial problems in America by using a financial ponzi scheme of derivatives and shady financial dealing that indeed caused our American economy to collapse.

Our politicians then bailed out all of those corrupt wall street individuals to the tune of billions of dollars who then kept the money, gave themselves millions and millions in bonuses and left the middle class working person to swing in the wind. Folks, this is what Europe is attempting to do now. They want a bailout in the TRILLIONS of dollars and want the world to save their butt and the only one who will get hurt is the hard working middle class private sector employees in each and every country around the world.

Greece, Italy, Spain and Portugal want to continue to pay over the top retirements, pensions, benefits and bonuses for all of their PUBLIC EMPLOYEES at the rest of the worlds expense. That is not fair. And now, even the UK is basically in the same boat. They let their public employees receive more than generous benefits for decades and now those unions do not want to give up any of those goodies. Instead, they would rather see their country go down the same road as Greece, Italy and Portugal.

I've always maintained that no country, in Europe or America, can sustain the cost of supporting these public employee unions and their outlandish demands every year. If an employer, whether it be in the private or public sector pays a reasonable wage and offers a reasonable 401 (k) retirement plan there would be thousands of applicants standing in line for the jobs. If that were the case all wages, retirement and pension packages would be about equal and fair, both in the private and public sector.

I submit that no country or any large bank or corporation is to large to fail. Let them go belly-up. They brought in on themselves. Those countries that got themselves into this situation should pull themselves out of it on their own. Let the leaders of those countries start cutting lavish public employee sector wages, benefits, vacations and pensions and clearly tell their people that it is the only way to survive.

As long as the rest of the world keeps pumping billions and trillions of dollars into these financially corrupt countries there will be no change. They will take the money and continue on their current path of inaction and continue to come back to the well for more money . However, if they don't have our money to rely on you can bet that those countries will adapt very quickly. Cost cutting would happen overnight.

I would suggest that the world let the euro currency go by the wayside and put all of the countries back on their original currency. The world is not ready and doesn't need a one world currency. Why would anyone take something that was working very well and trash it like these world leaders did? -And, that's my opinion. Make your own decisions. You decide.

Bradley W. Kuhns, Ph.D., O.M.D.
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Dr. Kuhns can be reached by e-mail at:
bradleykuhns@gmail.com