Europe, China, Japan and the New World Order

KENT NISHIMURA/GETTY IMAGES, SEAN GALLUP/GETTY IMAGES, MATT CARDY/GETTY IMAGES

 

A stunning fulfillment of a specific Bible prophecy

We are witnessing a shift in the world order that happens only once in a generation. The global system of alliances is being shaken. Such turmoil usually indicates a massive shift in global power. These shifts often trigger major wars.

For most of the 19th century, Britain’s top enemy was Russia. Britain’s whole system of alliances was built to isolate and oppose Russian power. But at the turn of the century, other powers were rising, most notably Germany. This development triggered a complete shake-up. Russia veered from enemy to ally in 1907. World War i followed on the heels of this upheaval.

That shift in alliances did not cause World War i. But it was a symptom of some of the other long-term causes. Continue reading

US fine for Deutsche Bank will DESTROY EU economy stability, warns Eurozone finance chief

GLOBAL finance leaders issued a fresh warning on economic stability for the EU today, slamming the huge U.S. fine for Deutsche Bank as a mass destabilisation of Germany’s largest bank.

Jeroen Dijsselbloem, the chairman of euro zone finance ministers, said that the U.S. Department of Justice’s demand that Deutsche Bank pay $14 billion for its role in the sub-prime mortgage crisis is too big and will undermine financial stability.

“Let’s hope it is an opening bid,” Dijsselbloem said on the sidelines of the International Monetary Fund and World Bank annual meetings in Washington. “These kinds of fines are completely oversized, and they are damaging to financial stability.” Continue reading

Paris Attacks Reveal the Outlines of a New Europe

A smaller EU with its own army can already be seen on the horizon.

“Europe will be forged in crises and will be the sum of the solutions adopted for those crises.” Those famous words from one of the European Union’s founding fathers, Jean Monnet, explain much of what is happening in Europe. The economic crisis is forcing the political union that EU leaders could not get voters to agree to. And now, in the aftermath of the Paris attacks, new, major changes are afoot.

Externally, Europe is being forced into the Middle East. France’s decision to invoke the EU’s self-defense clause instead of nato’s will have major implications for the union’s defense arrangement. Continue reading

Greek Deposits Become Eligible For Bail-In On January 1, 2016

The last few nails in the coffin are being driven in by the German-led Troika and soon Greece will be in 100% vassal state mode.

 

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Earlier today, tucked away from the public’s eyes, there was another round of drama involving Greek securities this time focused on Greek senior bank bonds which promptly tumbled back to post-referendum/pre-bailout #3 levels.

The catalyst was Friday’s pronouncement by Jeroen Dijsselbloem who said depositors will be shielded from any losses resulting from the restructuring of the nation’s financial system, but that senior bondholders would certainly be impaired and probably wiped out. In other words, once again the super priority of various classes has been flipped on its head with general unsecured liabilities ending up senior to, well, senior bank claims. Continue reading

ECB not sure if Greek banks will open Monday as outflows hit 2 billion euros in just three days

LUXEMBOURG — The European Central Bank told a meeting of euro zone finance ministers on Thursday that it was not sure if Greek banks, which have been suffering large daily deposit outflows, would be able to open on Monday, officials with knowledge of the talks said.

Greek savers have withdrawn about 2 billion euros from banks over the past three days, with outflows accelerating rapidly since talks between the government and its creditors collapsed at the weekend, banking sources told Reuters. Continue reading

Greece could be forced to lock down savers’ cash as debt crisis worsens

Greece’s central bank has issued the clearest warning yet that the country is on course to default on its sovereign debt at the end of the month and crash out of the single currency, while finance ministers across Europe also confirmed they are making contingency plans for a messy ending to the crisis.

Athens is due to repay €1.6bn to the International Monetary Fund on 30 June but will be unable to do so unless its creditors release a €7.2bn bailout payment before then. Continue reading

Varoufakis sidelined as Tsipras steps in to negotiate with EU directly

As Greece takes another step towards total capitulation to the German-dominated EU, or Fourth Reich, we begin to see who has the leverage. Although Greece always has the Russian trump card, this is a nuclear option that will likely irreparably damage relations for the country for generations to come. Greece likely realizes by turning towards the Kremlin, undermining and bringing down the entire EU, then possibly the global economy with it, will hold higher consequences. As said often before, Greece is going nowhere. The best case scenario for it is to be part of a newly structured second-tier currency bloc within the periphery of the EU — if it’s still called the EU by then.

 

He has been the subject of a spoof video from Germany showing him giving the middle finger. But now Greek finance [sic] Yanis Varoufakis is facing enemies closer to home after being overlooked by his own party.

Alexis Tsipras, the Greek prime minister, has stepped in to reshuffle Varoufakis’s team, which was supposed to be brokering the agreement, after negotiations took a nasty turn in Riga last week, according to the FT. Continue reading

Germany Prepares For “Plan B”, Says Greece Would “Need Not Only A Third Bailout, But Fourth, Fifth Or Even More”

It has been a very disturbing 24 hours for Greece.

It all started during yesterday’s surprisingly short, just one hour long Eurozone finmin meeting in Riga, where Yanis Varoufakis not only got the most “hostile” reception yet being called “a time-waster, gambler, and amateur“, but for the first time one minister openly said that maybe it was time governments prepared for the plan B of a Greek default. This happened after Jeroen Dijsselbloem slammed the door on Varoufakis’ proposal for early cash after partial reforms. Continue reading

What happens if Greece can’t pay its debts?

The standoff between a leftwing government and the financial powers of the EU is near to breaking point. What if the worst happens?

This time it’s real: Greece has wriggled out of looming national bankruptcy on numerous occasions over the past five years, but now it has just a few weeks left before it must sign a new debt deal with its eurozone partners and the IMF – or find itself heading for an exit door that leads back to the drachma.

On Friday, after a meeting of eurozone finance ministers in the Latvian capital Riga, the signs were ominous. Malta’s finance minister Edward Scicluna, said: “I would describe today’s meeting as a complete breakdown in communication with Greece.” Continue reading

How Greece Folded To Germany: The Complete Breakdown

Through all the ups and downs in the EU at the moment, keep in mind the bigger picture: The Euro was designed to fail.

It was known a lot of the countries allowed into the EU didn’t meet the requirements to begin with, but were intentionally let in to fulfill the end goal: Break nations in half and create vassal states in subservience to a resurgent German hegemon through bailouts from it’s Troika proxy that require giving up national sovereignty in exchange.

 

Having, as we previously explained, been given ‘just enough rope’ by the Germans, we thought it worth looking at just what Greece capitulated on (or perhaps a shorter version – what they did not capitulate on) and how Tsipras and Varoufakis will sell this to their fellow politicians… and most of all people.

As OpenEurope explains,

What points has Greece capitulated on? Continue reading

ECB Threatens Athens With Bank Funding Cutoff If No Deal In One Month: February 28 Is Now D-Day For Greece

As Deutsche Bank’s George Saravelos politely puts it, “Developments since the Greek election on Sunday have moved very fast.” And indeed, so far the new Tsipras cabinet, and here we focus on the words and deeds of the new finance minister Yanis Varoufakis, has shown that the market’s greatest hope – that the status quo in Greece will continue – has been crushed into a pulp (and so have Greek stock and bond prices) especially following yesterday’s most recent comments by the finmin in which he said that Greece “does not want the $7 billion” from the Troika agreement and that it wants to “rethink the whole program”, culminating with an epic exchange with Eurogroup chief Jeroen Dijsselbloem in which Greece made it clear that the “constructive talks” are over.

And suddenly the Eurozone is stunned, because what had until now been its greatest carrot when it comes to dealing with Greece, has become completely useless when the impoverished, insolvent nation itself says it no longer needs a bailout, seemingly blissfully unaware of the consequences. Continue reading

A Controlled Gaffe

PARIS/BERLIN (Own report) – Paris has strongly reacted to Germany’s new attempts to impose its austerity dictate on the French national budget. Following the German government’s massive interventions in Brussels, German EU Commissioner Günther Oettinger called the French government a “recidivist” in a newspaper column last Friday – because it does not accept the full extent of Germany’s austerity dictates. This is an “uncontrolled gaffe,” said the General Secretary of the ruling French Socialist Party (PS) and called on Oettinger to resign. To impose more massive budget cuts, Berlin continues its efforts to torpedo the budget compromise reached by the French government with the EU Commission in late October. Since months, observers have been warning against a deflationary spiral and strong social protests in France. The EU Commission’s position statement on France’s budget, scheduled for today, may have to be postponed because of German interventions.

Continue reading

Cyprus bail-out: savers will be raided to save euro in future crises, says eurozone chief

If it can happen in Cyprus, it can happen across more European nations as the EU and its ‘troika’ set a precedent by changing its own rules. What’s more is that if it can happen in Europe, it can happen in the United States.

Savings accounts in Spain, Italy and other European countries will be raided if needed to preserve Europe’s single currency by propping up failing banks, a senior eurozone official has announced.

The euro fell on global markets after Jeroen Dijsselbloem, the Dutch chairman of the eurozone, announced that the heavy losses inflicted on depositors in Cyprus would be the template for future banking crises across Europe. Continue reading