BERLIN (Own report) – In view of the conflict between Brussels and Rome over Italy’s national budget, the German establishment is increasing its demands to resolutely fight the “internal enemies” of the EU. The Union must “now be vigorously defended,” wrote a leading German daily. The Italian government coalition is “not worth risking the country’s fate.” The Italian government is being put into question, because it refuses to continue to submit to German austerity dictates. Berlin’s dominance over the EU is also being met with mounting protests in other member countries. Poland and Hungary are not the only countries, where controversies are intensifying. Anger at Berlin is also growing in France. Jean-Luc Mélenchon, the founder of “La France insoumise,” who, with almost 20 percent, barely missed making the run-offs in the 2017 presidential elections, has now called for “France to withdraw from all EU treaties.” The German elite’s reaction is becoming more hostile.
The United States is currently waging economic warfare against one tenth of the world’s countries with cumulative population of nearly 2 billion people and combined gross domestic product (GDP) of more than $15 trillion.
These include Russia, Iran, Venezuela, Cuba, Sudan, Zimbabwe, Myanmar, the Democratic Republic of Congo, North Korea and others on which Washington has imposed sanctions over the years, but also countries like China, Pakistan and Turkey which are not under full sanctions but rather targets of other punitive economic measures.
In addition, thousands of individuals from scores of countries are included in the Treasury Department’s list of Specially Designated Nationals who are effectively blocked from the U.S.-dominated global financial system. Many of those designated are either part of or closely linked to their countries’ leadership…
But in recent months it seems that America’s unwavering commitment to fight all of the world’s scourges has brought all those governments and the wealthy individuals who support them to a critical mass, joining forces to create a parallel financial system which would be out of reach of America’s long arm. Should they succeed, the impact on America’s global posture would be transformational.
– From the recent article: The Anti-Dollar Awakening Could Be Ruder and Sooner Than Most Economists Predict
The peak of American empire has already come and gone, a reality not yet widely appreciated due to the continued dominance of the global financial system by the U.S. dollar, still the world’s preeminent reserve currency. U.S. leaders have always used the USD as a weapon, but it’s only in recent years that geopolitical rivals and long-standing allies alike have started to come to an increasingly vocal understanding that the unipolar role played by the U.S. in the world’s centralized financial system is well past its expiration date. Continue reading
- Ever since the inception of the European Economic Community, British politicians across the entire political spectrum have been perceptive enough to realize that Britain will lose its sovereignty and turn into a vassal of the France-Germany axis.
- This month, in March, an official audit reported that EU auditors refuse to sign off more than £100 billion ($144 billion) of EU spending. The Brussels accounts have not been given the all-clear for 19 years in a row.
Why are EU Regulations so long? Maybe because they have to be translated into the 18 official languages? Interpreters also have to be found who can work into and from those languages at the European Parliament. The translation budget is massive. One of the official languages currently is Irish. It can confidently be said that there is no one in the Republic of Ireland who does not speak English; many Irish do not even speak or understand Irish, and certainly none of Ireland’s politicians will be fluent only in Irish. But all of the “acquis,” the body of regulations that are already part of the EU body of laws, also have to be translated into the languages of candidates for EU membership, such as Turkey, thus adding more languages to the tally each time a new regulation is passed. If Catalonia breaks away from Spain and remains a member of the EU, Catalan will need to be added, even though Catalan politicians all speak perfect Spanish.
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
For those curious to know what Yanis thinks about the deal, below are some “impressionistic thoughts” from the man himself. Highlights include the characterization of the Greek deal as a “decisive blow against the Euorpean project”, a “statement confirming that Greece acquiesces to becoming a vassal of the Eurogroup”, and the “culmination of a coup”.* * *
On the Euro Summit’s Statement on Greece: First thoughts via Yanis Varoufakis
In the next hours and days, I shall be sitting in Parliament to assess the legislation that is part of the recent Euro Summit agreement on Greece. I am also looking forward to hearing in person from my comrades, Alexis Tsipras and Euclid Tsakalotos, who have been through so much over the past few days. Till then, I shall reserve judgment regarding the legislation before us. Meanwhile, here are some first, impressionistic thoughts stirred up by the Euro Summit’s Statement. Continue reading
Despite commentary that China and the United States are moving closer together, the opposite is the case. In fact, China is mounting a direct, if subtle, challenge to the international order the United States created in the Far East after World War II. Most are aware that China is attempting to leverage growing military strength into a larger, dominating position by laying claims to islands in the East and South China Seas. Few realize that China is attempting to overturn the legal underpinnings of the US position in the western Pacific.
Like the Chinese proverb “to point at the mulberry tree to curse the locust tree”, Beijing’s challenge to Japan’s sovereignty over the Senkaku Islands is in fact a bid to abolish the entire structure of Far Eastern international relations established by the San Francisco Treaty of September 1951. (The Chinese refer to the Senkakus as Dyiaoyutai, literally a “fishing platform”, but in recent months Beijing has taken to calling Dyiaoyutai the Dyiaoyu Islands to add legal heft to the dispute.) Continue reading
China’s main newspaper said on Wednesday that Beijing is unsure of Japan’s sovereignty over the island of Okinawa—the home of key U.S. military bases.
A long-winded article in the People’s Daily—the mouthpiece of China’s ruling Communist Party—said that Beijing may rightfully own the Ryukyu island chain, which includes Okinawa. The island is home to 1.3 million people, who are much more closely related to Japan than to China in terms of both ethnicity and linguistics. The Ryukyus chain was a sort of vassal state of China before Japan annexed it in 1879, and now the Chinese say it should return to them based on post-World War II measures requiring Japan to return territories that it took from Beijing. Continue reading
During the early hours of Monday morning, EU leaders agreed to another bailout for Cyprus. The island will receive the €10 billion (us$12.9 billion) it needs to avoid collapse without most Cypriots having money removed from their bank accounts. But Cyprus’s economy has been destroyed. The nation is left as a vassal state of the new German empire.
The deal will be painful for the whole economy. Last week, German Chancellor Angela Merkel said that Cyprus “must realize its business model is dead.” The latest bailout has ensured that realization. Continue reading
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)