“There is no means of avoiding the final collapse of a boom brought about by credit expansion. The alternative is only whether the crisis should come sooner as a result of a voluntary abandonment of further credit expansion, or later as a final and total catastrophe of the currency system involved.” – Ludwig von Mises
The surreal nature of this world as we enter 2015 feels like being trapped in a Fellini movie. The .1% party like it’s 1999, central bankers not only don’t take away the punch bowl – they spike it with 200% grain alcohol, the purveyors of propaganda in the mainstream media encourage the party to reach Caligula orgy levels, the captured political class and their government apparatchiks propagate manipulated and massaged economic data to convince the masses their standard of living isn’t really deteriorating, and the entire façade is supposedly validated by all-time highs in the stock market. It’s nothing but mass delusion perpetuated by the issuance of prodigious amounts of debt by central bankers around the globe. And nowhere has the obliteration of a currency through money printing been more flagrant than in the land of the setting sun – Japan. The leaders of this former economic juggernaut have chosen to commit hari-kari on behalf of the Japanese people, while enriching the elite, insiders, bankers, and their global banking co-conspirators. Continue reading
As the EU situation continues to get worse, the only consistent solution Europe has thought up and pushed for has been to further consolidate. The world’s next superpower is bringing its European Army with it.
An effective European security and defence policy would allow the EU to ‘project influence globally’, argues Maria Eleni Koppa.
European security and defence is a topic that has been attracting a lot of attention after the decision of the European council to hold a special discussion dedicated on security and defence – for the first time since 2008 – at the forthcoming December summit. In this context, on 21 November, the European parliament adopted the report on the implementation of European security and defence policy, concerning the positions of the parliament for the future of the common security and defence policy (CSDP). Continue reading