‘This crisis will be followed by a European Renaissance’

The United State of Europe is going full steam ahead as planned, regardless of EU failures and how it seems on the surface now.

More than 130 years ago, on March 11, 1882, the French philosopher and polemist Ernest Renan gave a speech at the Sorbonne that was to have a long lasting impact. It was entitled, Qu’est-ce qu’une nation?, or “What is a nation?”. “A nation is […] a great solidarity constituted by the feeling of sacrifices made and those that one is still disposed to make”.

There are still European philosophers and politicians, especially in Brussels, who would prefer to brush away the nation state as an obsolete and even dangerous 19th Century myth. They see the crisis as a means to now finally making a great leap forwards; they still dream of a European federation. If you apply Renan’s clear account to our continent, however, then – even half a century later after laying the foundations of the EU – there is still little to be seen of such a European nation. If anything has been damaged by the crisis and the subsequent extreme austerity drive, then it is that very solidarity and willingness to continue a common life that Renan stressed. Continue reading

Former ECB Chief Economist Says ECB Is In Panic, As Czech President Warns The End Of Democracy Is Imminent

If anyone thought the bad blood between Germany and the rest of the insolvent proletariat, aka the part of the Eurozone which is out of money (most of it), and which has been now confirmed will be supporting Obama (one wonders what the quid for that particular quo is, although we are certain we will find out as soon as December), complete collapse of the Greek neo-vassal state of the globalist agenda notwithstanding, had gone away, here comes former ECB chief economist Juergen Stark to dispel such illusions. In an interview with Austrian Die Presse, the former banker said what everyone without a PhD understands quite well: “The break came in 2010. Until then everything went well…”Then the ECB began to take on a new role, to fall into panic…. Together with other central banks, the ECB is flooding the market, posing the question not only about how the ECB will get its money back, but also how the excess liquidity created can be absorbed globally. “It can’t be solved by pressing a button. If the global economy stabilises, the potential for inflation has grown enormously… It gave in to outside pressure … pressure from outside Europe” Why, whichever bank headquartered at 200 West, NY, NY might he be referring to?

And speaking of continuing takeover of the world by a few not so good banks, a loud warning that the advent of globalist influences (i.e., bankers) is taking over Europe and that the “destruction of Europe’s democracy is in its final phase” comes not from some European (or American… or Zimbabwean) fringe blog, but from the 71 year old president of the Czech Republic, someone who certainly knows about the difference between communism and democracy, Vaclav Klaus. In an interview with The Sunday Telegraph, “Václav Klaus warns that “two-faced” politicians, including the Conservatives, have opened the door to an EU superstate by giving up on democracy, in a flight from accountability and responsibility to their voters. “We need to think about how to restore our statehood and our sovereignty. That is impossible in a federation. The EU should move in an opposite direction,” he said.”

Alas, what also is impossible in a Federation is for a banker-controlled entity to provide money out of thin air, i.e., public debt, which dilutes the “common currency” in the process preserving the illusion that credit-fueled growth (the only kinds the world has seen since the advent of the Federal Reserve) can continue for ever, when in reality all that is happening is the ongoing dilution of sovereignty alongside the destruction of individual currencies. This is precisely what the status quo, i.e., the above mentioned company headquartered at 200 West, wants.

And what the status quo wants it always gets, absent a revolution.

Full article: Former ECB Chief Economist Says ECB Is In Panic, As Czech President Warns The End Of Democracy Is Imminent (Zero Hedge)