John Galt's Shenandoah titles it, "THE EUROPEAN UNION SURRENDERS TO THE FEDERAL RESERVE".
Billy Beck, last summer, referred to the mechanical problem of "Europe's imperialism in America and, through America, to the rest of the world."
Solzhenitsyn famously stated that he and his fellow zeks:
...didn't love freedom enough. And even more - we had no awareness of the real situation. We spent ourselves in one unrestrained outburst in 1917, and then we hurried to submit. We submitted with pleasure...We purely and simply deserved everything that happened afterward.
Read (or re-read) the material at all three links.
Draw your own conclusions about the significance of last Sunday's Fed/EU shack-up.
And keep your eyes open for bargains in the interim.