What negates any conclusion of this sham-award being a mere accident of incompetence are the explicitly political remarks of the Nobel committee chairman, Thorbjoern Jagland:
"We do not have a position on how to solve these problems, but we send a very strong message
These words are very clear: Irrespective of whether the EU deserved this award, it has been handed this prize as a tool of propaganda to aid the EU as it usurps the sovereignty of European governments while it destroys their economies one by one.
The rationalizing of the Nobel chairman of the justification for using Nobel Prizes as tools of propaganda is despicable enough. However, the words take on a much more sinister tone if we credit these propagandists with actually comprehending that they were not merely rewarding failure, but (in fact) attempting to cloak the perpetrators of this crisis with a veil of legitimacy.How else do we interpret the Nobel committee's decision to award its 2009 Peace Prize to a perpetrator of war? The once-prestigious Nobel awards have not merely lost all of their luster, but have devolved into a mockery of excellence. At best, they regularly reward failure. At worst, they are a shameless attempt to hide the crimes of Villains. There is now only one way to derive any "honor" from a Nobel Prize: Refuse to accept one, or, for past winners, to renounce their bogus trinkets. This commentary comes from an independent investor or market observer as part of TheStreet guest contributor program. The views expressed are those of the author and do not necessarily represent the views of TheStreet or its management.