“A Time to Make Friends” (II)

BERLIN (Own report) – With last weekend’s arson attack on a refugee home, the bombing attempt on a supporter of refugees and the siege of a refugee hostel by a hostile mob of locals, Germany’s recent wave of racist violence has taken on a new quality. It is only fortunate that no one was murdered in these recent attacks. At the same time, attacks on refugee housing are becoming dramatically more frequent. Already during the first half of 2015, the number of attacks has reached that of the entire year of 2014. For years, observers have been warning that initiatives against refugee hostels are firmly taking root locally and are increasing their abilities to mobilize. The political establishment and the media have regularly provided legitimization to the anti-refugee campaign, using racist clichés, for example, in the debate around the SPD politician Thilo Sarrazin’s publications or with their derogatory insinuations about migrants. Last winter, the campaign against refugees was mobilizing tens of thousands for the “Pegida” street demonstrations. Moreover, in spite of the escalation of anti-refugee violence, the slander continues.

Continue reading

Goodbye Troika: Germany Rides Into Its Greek Colony On The “Quadriga”

From an outsider perspective, it looks like the new addition is because the IMF is headed by Christine Lagarde. Lagarde is an ally of the Obama administration and placed within the IMF by it. Wolfgang Schäuble probably couldn’t get the job done with 1/3 of the Troika being compromised by the IMF’s continued sympathy for Greece and now Berlin’s Fourth Reich has found a way around it. It’s unclear what role the ESM will exactly be playing, but time will tell.

 

https://i2.wp.com/www.zerohedge.com/sites/default/files/images/user92183/imageroot/2015/07/Quadriga.png

 

With creditors’ motorcades having officially returned to the streets of Athens in the wake of Greek lawmakers’ approval of the second set of bailout prior actions last Wednesday, tensions are understandably high.

After all, these are the same “institutions” which Yanis Varoufakis famously booted from Greece after Syriza swept to power in January, and they’ve come to represent the oppression of the Greek people and are now a symbol of the country’s debt servitude. Continue reading

Italy’s Pier Carlo Padoan calls for ‘political union’ to save euro

A United States of Europe with Germany’s Fourth Reich at the helm is coming.

Countries such as Italy and France will just toe the line and join. Unlike Greece and Cyprus who were forced to join the club, the corrupt Italian and French leaderships are either too scared to go against the grain after Athens has just had an example made of it, or they’re in on the scheme.

 

Italy’s finance minister has called for deeper eurozone integration in the aftermath of the Greek crisis, saying a move “straight towards political union” is the only way to ensure the survival of the common currency.

Pier Carlo Padoan’s comments reflect how the tortured and dramatic negotiations that led to this month’s deal on a third bailout of Greece have triggered a round of soul-searching about the future of monetary union across European capitals.

“The exit and therefore the end of irreversibility is now an option on the table. Let’s not fool ourselves,” he said in an interview in his central Rome office. “If we want to take that risk away, then we have to have a different euro — a stronger euro.” Continue reading

Greek Capital Controls To Remain For Months As Germany Pushes For Bail-In Of Large Greek Depositors

Now Berlin’s Troika is gunning for the cash.

 

Two weeks ago we explained why Greek banks, which Greece no longer has any direct control over having handed over the keys to their operations to the ECB as part of Bailout #3’s terms, are a “strong sell” at any price: due to the collapse of the local economy as a result of the velocity of money plunging to zero thanks to capital controls which just had their 1 month anniversary, bank Non-Performing Loans, already at €100 billion (out of a total of €210 billion in loans), are rising at a pace as high as €1 billion per day (this was confirmed when the IMF boosted Greece’s liquidity needs by €25 billion in just two weeks), are rising at a pace unseen at any time in modern history.

Which means that any substantial attempt to bailout Greek banks would require a massive, new capital injection to restore confidence; however as we reported, a recapitalization of the Greek banks will hit at least shareholders and certain bondholders under a new set of European regulations—the Bank Recovery and Resolution Directive—enacted at the beginning of the year. And since Greek banks are woefully undercapitalized and there is already a danger of depositor bail-ins, all securities that are below the depositor claim in the cap structure will have to be impaired, as in wiped out.  Continue reading

Europe’s New Colonialism: ECB Rejects Greek Request To Reopen Stock Market

Tsipras went against 61% of the population and its no-vote referendum, and now Greece has been fully compromised and is in the beginning stages of German/Troika control. Greece is now effectively a vassal state.

 

It has been one month since Greek capital controls were imposed, and as we explained earlier, Greece is nowhere closer to having its deposit limits lifted. In fact, with several more months of capital controls at least, the Greek banks are likely to suffer ongoing balance sheet impairments which will ultimately result in depositor bail-ins, with Germany already pushing for haircuts on deposits over €100,000.

However, when it comes to banks there is at least still the illusion that Greece has some residual sovereignty. The reality is that it does not, as Greece is no longer an independent nation, and as of July 15, the Greek “In Dependence” day, every Greek decision needs to get pre-approval from both the ECB, Brussels and, naturally, Berlin. Continue reading

Germany ‘Obviously’ Controls ECB Policies – Cypriot Political Party

https://i2.wp.com/cdn3.img.sputniknews.com/images/102180/50/1021805024.jpg

 

“It is obvious that Germany is controlling the ECB policies even though recently there is a strong sentiment against German policies and the possibility of the introduction of a weaker euro that will be used by poorer countries. The Eurozone since its introduction 15 years ago has only brought pain and misery to the European south,” the spokesperson said. Continue reading

Web Wars: German Army to Enter Global Cyberwar – German Media

https://i2.wp.com/cdn3.img.sputniknews.com/images/102439/44/1024394414.jpg

 

The Bundeswehr is planning to unfold its “offensive capabilities” in cyber warfare. A new strategy paper of the Ministry of Defense considers the Internet as a potential war zone.

The Bundeswehr is facing a major change of its strategy in cyber warfare. In addition to defense against cyberattacks, the German army is due to perform attacks on foreign states, DWN wrote, referring to a strategy paper of the German Ministry of Defense.

Germany faces increasing cyberattacks on its infrastructure. Therefore, according to German officials, the Bundeswehr should be responsible for “the defense against cyberattacks, which represent an armed attack on Germany” in the future. Continue reading

An African Military Power

BERLIN/LUANDA (Own report) – Parallel to the escalating crises in Greece and Ukraine and the participation or involvement in various wars in the Arab world, the German government is intensifying its efforts to enhance its political and military influence on the African continent. German companies are seeking lucrative business opportunities in booming Angola at the “Angola/Germany Economic Forum” ending today in the country’s capital Luanda. Despite its persistent efforts, so far, German trade relations with Angola have not achieved a real breakthrough, whereas Berlin has already made progress in its military cooperation with Luanda. In late 2014, both countries signed an agreement on a “partnership” in military policy followed by a joint military exercise in March 2015. Angola is considered useful as an ally for implementing Germany’s geo-strategic interests in Sub-Saharan Africa. It has been massively upgrading its military apparatus and thereby become a challenge to South Africa’s claim to continental hegemony.

Continue reading

Schäuble – The Man Behind the Throne

Although there’s great insight here, Armstrong is missing one final piece that puts it all together: The Euro was designed to fail.

Germany’s Fourth Reich is breaking entire countries and remolding them to fit the shape of its dream for a United States of Europe — something that’s been repeated throughout the years here on Global Geopolitics. Greece’s crisis was planned years ago, if not decades.

 

https://i2.wp.com/www.armstrongeconomics.com/wp-content/uploads/2014/03/Sch+%C3%B1uble-Wolfgang.jpg

 

It was about 20 years ago when Wolfgang Schäuble, current German Finance Minister, wrote his paper on the danger in the Eurozone reflecting on European policies, even describing his tough behavior towards Greece. Schäuble is the politician who has done much to shape contemporary Germany, and his falling out with Helmut Kohl remains alive and well to this day. Continue reading

A New Era in the Middle East

TEHRAN/BERLIN (Own report) – Berlin is rushing to renew economic ties with Iran and to engage in reshaping the Middle East by dispatching its minister of the economy to Tehran. The nuclear agreement, signed last Tuesday with Tehran, offers German companies the opportunity to normalize their trade with Iran, which was once among the most lucrative in the Middle East, but had sharply declined due to sanctions. Exports in the double-digit billions are expected. Meanwhile experts are calling for realigning power relations in the Persian Gulf under western leadership to establish a balance of power between Saudi Arabia and Iran. This would prevent the hegemony of either and offer the West favorable opportunities to influence developments in the region. Comprehensive German arms exports to Saudi Arabia and the weakening of Iranian positions, particularly in Syria, would form the basis of this desired balance of power. According to experts, the EU could play a leading role in reshaping the region, if resistance in the US Congress, at the last moment, does not block the nuclear deal.

Continue reading

France Calls for the Federalization of Europe

Integration, integration and more integration… That’s the path Europe is on until it represents the United States of Europe in one form or another which has been repeatedly predicted here since 2011 — all of which is brought to you courtesy of the Fourth Reich. Soon, along with it (and already in development) is the European Army.

 

History repeats because human nature never differs. I have warned that Albert Einstein was correct that you can NEVER solve a problem with the same line of thing that created the crisis. We will see that absolutely NEVER has anyone in power EVER conceded that they have been the cause of a crisis – it is always someone else. They are the people who in school didn’t do an assignment and blamed the dog for eating it.

French President Francois Hollande has called for the 19 countries using the euro need to now move rapidly to complete a full socialistic state for Europe with a budget and parliament to relieve the individual governments of their failed socialistic agendas. If anything will cause the collapse of the Euro – this will be it. Hollande argues that the Greek crisis illustrates the problem and of course it was never their failed dreams, it was the lack of a federalized Europe where people have no vote whatsoever in any Troika member.

Continue reading

Was Greece Set Up To Fail?

Not only was Greece set up to burn and have an example made of it by Wolfgang Schäuble, according to former U.S. Treasury Secretary Timothy Geithner, the entire Euro was designed to fail. All roads are leading to Berlin and it’s Fourth Reich dominating the continent.

 

My ‘job’ here is by no means done, anyway. Because of the general strike today, another Solidarity Clinic that I wanted to donate some of your AE for Athens Fund money to, is closed (update on the Fund tomorrow). Parliament is debating the latest Troika strangle plan as we speak, and who knows what tomorrow will bring? An entire economy is being deliberately suffocated, and all in all it’s just total madness. Quiet madness, though (update: and then the riots broke out..).Two things I’ve been repeatedly asked to convey to you are that:

1) you can’t trust any Greek poll or media, because the media are so skewed to one side of the political spectrum, and that side is not SYRIZA (can you imagine any other country where almost all the media are against the government, tell outright lies, use any trick in and outside the book, and the government still gets massive public support?!),

and:

2) Athens is the safest city on the planet. I can fully attest to that. Not one single moment of even a hint of a threat, and that in a city that feels very much under siege (don’t underestimate that). And people should come here, and thereby support the country’s economy. Don’t go to Spain or France this year, go to Greece. Europe is trying to blow this country up; don’t allow them to. Continue reading

‘Plan B’ Needed As Euro One Recession Away From Implosion – David McWilliams

– Euro is one recession away from implosion – David McWilliams
– Mismanagement of euro “both laughable and terrifying”
– “When economic negotiations stop making economic sense, you should begin to question the motives of the EU”
– Germany is out of control
– Successful British exit will be model for other countries
– Euro membership is now conditional
– “Countries that don’t play ball with Germany will see their banking system used against their democratically elected politicians”
– Investors and savers need “PLAN B”

McWilliams, who is among the best economics commentators from the only Anglophone nation in the euro – Ireland, warns that we only have a few months to plan an alternative to the disastrous consequences on peripheral nations of what he sees as German hegemony. Continue reading

Berlusconi: Germany Controls EU, While Being Under US Rule

Even a lunatic can be right about something from time to time.

 

“The EU acknowledges the hegemony of Germany, which in its turn recognizes the United States’ dictate. Therefore, we are not far from the circumstances which sparked two bloody world wars in the XX century,” the prominent Italian politician said. Continue reading

The Brussels Agreement

BERLIN/ROME/PARIS (Own report) – In several western and southern European countries, the agreement on Greece reached in Brussels signals a looming collapse of the continental post-war order and Germany’s revival as an ostentatious dictatorial power. Whereas social-democratic observers do not exclude an attenuation of the contradictions, southern European conservative media are among those who speak of a revival of German hegemonic ambitions, which had largely determined or triggered the First and Second World Wars. The consequences of the French-Italian submission during negotiations in Brussels are generating those fears, because Paris had not succeeded to and Rome had not even seriously attempted to thwart the German dictates of sovereignty over Greece. Both, Italy and France are aware of the dangers of becoming the next victim of German financial dictatorship. They are competing for admission in a northern European core Europe, whose membership will be decided by Berlin, in the case of a possible collapse of the European Union. Current events are directly linked to German foreign policy endeavors in the 1990s and the territorial expansion of Germany’s economic basis through the so-called reunification.

Continue reading