EUROPE’S CENTRAL BANK’S POLICY INIMICAL TO EU SURVIVALNovember 11, 2011
If you're like me you've been following the news in Europe rather carefully, and there's been a lot of it in the last couple of weeks. First there was a another bailout deal announced by France and Germany, then the Greek prime minister hinted that he would hold a referendum for the Greek people to decide whether or not they would be the ones ultimately bailing out the banksters, then he reneged on that, then there was a vote of no-confidence in his government, which, for the moment, survived the attempt. And all of this, of course, was played out on the US News media while the real story remained to be reported by, well, for one, Russian TV and the ever-vigilant Daily Bell:
Now we're informed that the ECB's new chief, Mario Draghi, vows to fight against inflation, which means in effect, what the Daily Bell concluded:
"This conforms to our presentment that the powers-that-be may have decided the EU is impossible to rescue as it is now. The half-century experiment at empire building is over. The charade will continue but where it really counts, in the area of monetary policy, the EU and the euro will be undermined.
"Why would the elites and their great central banking families do such a thing? Well, to impose maximum chaos on the world in order to introduce yet more centralized authority. This authority can evolve worldwide or perhaps it can be imposed directly on the EU, or what's left of it.
"Conclusion: There are those who believe that this was the plan from the beginning. We are not so sure. We tend to believe that the Anglosphere elite has determined that the EU is best utilized now to generate maximum chaos and we would be surprised if that is not the result.":
What is incredibly interesting to me is that it took RT TV once again to interview Lew Rockwell, who, with his customary perspicacity, pointed out the obvious: the problem is the central bank concept itself, with its big centralized government corollary. If the EU cracks up, we can expect the elite rumor-mill to begin clamoring for a more centralized solution, and if that comes during a period of geopolitical chaos - say in the Middle East - it will be difficult to avoid the stampede. China, as we also saw in the past few days, was reluctant to step in to Europe's aid without assurances of some such order in Europe, and we can imagine that there was a great deal of behind-the-scenes discussion between Beiking and Berlin, since in any re-emergent European-wide scheme, those two capitals will be the driving forces.
But as the Daily Bell also points out, again I think with some basis in reality, the elite is not in total control of events; rolling the "chaos and violence" dice is always risky, for in spite of the best planning, as generals, admirals, and managers will tell you, something unexpected always happens, nothing ever goes according to plan. Rockwell has it right, the boom-and-bust cycles that central banking always carries with it is the problem, and it is time for open and free discussion of what should be done about it. Interesting, isn't it, that it took RT TV to air the lessons, when the west's mainstream media remain locked within the paradigm.