As mentioned several times in the past, Germany is running the European Union and Europe once again. This time around the conquest is via subjugation of national sovereignty and economic warfare. They have their key politicians in key positions across the European board. The European Commission, European Central Bank and International Monetary fund (the Troika) are all but one example. Regardless of how everything on the EU landscape currently looks, further federalization/integration is the only solution they keep proposing to their problems, and this is ultimately leading to a United States of Europe with its own European Army, which is already beginning to supplant NATO. The Fourth Reich has landed and if you’re looking for Nazis, you’re 70 years too late.
BERLIN/BRUSSELS (Own report) – The EU finance ministers’ decision to appoint the Spaniard Luis de Guindos to be vice president of the European Central Bank (ECB), will boost the chances of German Bundesbank President Jens Weidmann to become its next president. Berlin has welcomed the decision for Spain’s current Minister of the Economy Guindos, considered to be one of the fathers of the Spanish real estate bubble. Subsequent to his designation as vice-president, a northern European is expected to be given the post of ECB president, due to the EU’s proportional regional representation. According to observers, a conceivable deal may be reached with Germany’s Weidmann at the helm of the ECB and the post of EU Commission President going to France. The current German Bundesbank president is unpopular in Southern Europe because he has been systematically trying to prevent current ECB President Mario Draghi’s bond buying programs, considered to be vital for the crisis stricken countries. With Weidmann as ECB president, Germany would further tighten its grip on the euro zone’s financial institutions.
With ultra-loose monetary policy coming to an end, it is best to tread carefully
IN HIS classic, “The Intelligent Investor”, first published in 1949, Benjamin Graham, a Wall Street sage, distilled what he called his secret of sound investment into three words: “margin of safety”. The price paid for a stock or a bond should allow for human error, bad luck or, indeed, many things going wrong at once. In a troubled world of trade tiffs and nuclear braggadocio, such advice should be especially worth heeding. Yet rarely have so many asset classes—from stocks to bonds to property to bitcoins—exhibited such a sense of invulnerability. Continue reading →
The EU executive is proposing a two-phase calendar to complete the architecture of the economic and monetary union. (Photo: Hannelore Foerster)
The European Commission presented on Wednesday (31 May) its proposal to “move forward” on eurozone integration with a treasury, a finance minister and several instruments to make the financial sector less vulnerable to crises.
The document, which is part of an ongoing reflection about the future of the EU, aims to “fill the gaps” in the single currency and to help the eurozone economies to converge.
“We cannot and should not wait for another crisis,” said commission vice president Valdis Dombrovskis, who admitted that “doubts remain about the full stability and safety of the system”. Continue reading →
This is precisely why it’s oft said here that all roads in Europe lead to Berlin.
Germany is back with a Fourth Reich and has subjugated the entire European continent. If you’re looking for Nazis in Panzers, you’re roughly 70 years too late, as economic and political means were used. The leaders in Europe will continually push for integration and more integration until the United States of Europe dream is realized, even by economic and political force if necessary. Some nations will eventually leave while some, such as Greece, will stick around because they believe in the fantasy. There will be roughly ten in the end.
She’s the most dominant leader in the euro zone with virtual veto power over decisions
“The lesson of this crisis is more Europe, not less Europe,” Angela Merkel said in 2012 as the integrity of the region’s monetary union was threatened by financial instability, touched off by Greek debt, that was spreading through the euro zone’s weaker economies. By “more Europe,” the German chancellor meant a deepening of the continent’s noble mission—peaceful integration to ensure prosperity and democracy—of which the common currency, the euro, is the ultimate symbol.
In the intervening three years, Greeks have come to understand “more Europe” as something different: “more Germany.” That was one of the few clear messages sent in a referendum on July 5 that had everything to do with Greek voters’ views on how Merkel had imposed her vision of Europe on the zone and if their troubled nation would be better served as part of its grand project, or not.
The consolidation of power continues flowing back towards Germany as sovereign EU nations become indebted into slavery through economic extortion and subjugation. At this point, it’s hard not to say the Fourth Reich and the Holy Roman Empire are returning as even the German-Vatican connection is growing closer once again. Also see a previous post “Europe to Seize Greece’s Gold” for further information.
The German scheme — known as the European Redemption Pact — offers a form of “Eurobonds Lite” that can be squared with the German constitution and breaks the political logjam. It is a highly creative way out of the debt crisis, but is not a soft option for Italy, Spain, Portugal, and other states in trouble
In effect, Germany would share its credit card to slash debt costs for Italy, Spain and others. Yet it is the exact opposition of fiscal union. While eurobonds are a federalising catalyst, the fund would be temporary and self-extinguishing. “The fund is a return to the discipline of Maastricht with sovereign control over budgets,” said Dr Benjamin Weigert, the Council of Experts’s general-secretary.
The ingenious design gets around the German constitutional court, which ruled in September that the budgetary powers of the Bundestag cannot be alienated to any EU body under the Basic Law — the founding text of Germany’s vibrant post-War democracy.
Germany would have a lockhold over the fund, able to enforce discipline. Each state would have to pledge 20pc of their debt as collateral. “The assets could be taken from the country’s currency and gold reserves. The collateral nominated would only be used in the event that a country does not meet its payment obligations,” said the proposal.
The case for the Eurobonds keeps coming back. Be on the lookout for this becoming an eventuality as China is looking to invest in the EU and continue its divestment from the USA. A likely opportunity for economic warfare, if you will.
French President Francois Hollande stepped up his push Thursday for the launch of eurobonds at a summit of EU leaders in Brussels.
Hollande said he wanted to see eurobonds “written into the agenda” of the European Union going forward, saying he saw jointly pooled eurozone debt not as a trigger for growth “but as a long-term perspective for integration” that would bolster the single euro currency.
Germany is the economic heart of the EU and the Euro has been called the worlds second reserve currency by the IMF. It’s no secret that China is divesting from the US Dollar, T-Bonds and the like as it continues economic warfare. The EU is their alternative investment and it is increasing its holdings in both frequency and volume. China has also called for the creation of Eurobonds in the past which is likely a means to achieve the end of the US’ global economic hegemony.
Germany has the manufacturing, the technology and is the second highest holder of gold reserves in the world. It is also the most populated country, the most forward thinking and focused of all with a clear sense of destiny in Europe — and it’s becoming increasingly awash in cash from foreign investment. While most eyes are fixated on the rise of China in belief that it will be the next dominant world super power, people might be in for a shock as Germany could very well take that crown.
China was the top foreign investor in Germany in 2011, ahead of the United States, Switzerland and France, the government development agency Germany Trade & Invest said on Thursday.
China invested in 158 projects, while the US invested in 110, Switzerland in 91 and France in 53, GTAI said in a statement.
Look for it to eventually happen as EU leaders, Merkel in particular, continue calling for further integration as a solution to the EU crisis. This would likely play into China’s hands as it would be more than happy to divest from US bonds as it continues to wage economic war against the United States. It would be the final straw that would break the camel’s back as it would trigger a complete collapse of the United States.
DAVOS, Switzerland (Dow Jones)–A manager at Deutsche Bank AG (DB) said Wednesday that the introduction of euro-zone bonds are a way out of the debt crisis, once closer fiscal integration is achieved.
“Euro-zone bonds are a solution,” Pierre De Weck, who heads the bank’s private wealth management arm, said at the Davos world economic forum.
A painful adjustment process is necessary for the euro zone and it is unfortunate that Germany is opposed to the introduction of euro-zone bonds, he added.