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This just underlines the wisdom of the decision by Great Britain to hold on to the Pound Sterling and not join the Euro bloc. The day of reckoning for the Socialists and their cradle-to-grave, government-administered care via "managed" economies is rapidly approaching. Like governments everywhere, the Socialist governments of France, Greece, Spain, et.al could not manage their way out of a wet paper sack. I find that it falls somewhere between amusing and hilarious.
"Because there are not enough new people being born."
Ah yes, that must be it.
The real reason for the financial crisis is a lack of jobs for people to work at and make money. Why is there a lack of jobs? Because there are not enough new people being born. Therefore there is no demand for baby shoes, video games, new cars and new homes to mention just a sample. But why are there not enough new people? Ahah! There in lies the answer to the financial crisis. Three billion birth control pills are sold each day plus a world wide daily abortion rate that staggers the imagination. Most countries in Europe have a birth rate that is not even near replacement rate much less any growth. I could go on and on but that is the basic fact. wpt