1916: “The First Step Towards Internationalism Is to Break Down the Nation”

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Some things never change, it’s true, especially in the affairs of nations. But if we forget, or never knew, or never understood the immutable nature of the fundamental debate over our character and destiny — of the fundamental threat to our character and destiny — we certainly are at risk of losing both.

By chance, I came across a remarkable editorial from the Chicago Tribune, back when probably it really was “the world’s greatest newspaper.” It is titled “Nationality and the Yellow Campaign” and I have posted it below. Continue reading

Europe’s debtors must pawn their gold for Eurobond Redemption

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.

Full article: Europe’s debtors must pawn their gold for Eurobond Redemption (The Telegraph)