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Europe on the brink

Europe is a "train wreck" and on the "brink of a major financial crisis," Scott Minerd, CIO of the fixed-income firm Guggenheim Partners, told CNBC Tuesday.

"They keep throwing more and more liquidity at it thinking it's going to get better and it's not," he added. Europe fails to recognize that it has a "structural problem, not a liquidity problem."

Meanwhile, the EU is introducing pan-European parties in order to push the integration of individual countries into a failed supra national European state. Money is promised to induce the parties sign up.

You'd think by now people could recognise golden chains when they see them. A few people do.

Another shout out to Trevor Colman's fine website Cards on the Table - The European Union, its institutions, and laws, what it has planned and how it affects you.

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