Babylon's Bankers

THE PROBLEM OF THE EUROPEAN UNION

Once again the folks at The Daily Bell have come forward with a profound analysis of a problem confronting the financial elite - what The Daily Bell calls "the Anglosphere" - with the meltdown in Europe:

Another Failure for the Elites as the EU Sinks?

I hope you caught those crucial paragraphs:

Of course, such a worldwide depression must be handled delicately. The trick is to create an economic downturn without affecting the larger engines of global governance. The European Union is one such.

We think, in fact, the powers-that-be have already been forced to sacrifice the British-EU relationship in order to maintain the larger charade of the EU "crisis." This is because, in our view, the crisis is in some ways worse than anticipated and has been aggravated by the Internet.

It is the Internet – the Internet Reformation, we call it – that has shed clear light on the elite's 20th century directed history and on its continued manipulations in the 21st century. The Internet, a process not an episode, is almost impossible for the elites to confront and control, at least now anyway.

Thus, as always, everything that the elites do must in some sense be justified. And, further, they must walk a fine line between abetting a deepening financial crisis and promulgating a further breakdown of the EU itself.

The old depression-war formula of the financial elites, in other words, is falling apart because the EU is falling apart faster then their ability to maintain it long enough for this formula to work, and with the recent addition of India to those Asian powers no longer reliant upon the dollar as a reserve currency in all their transactions, but only in some of them, means that the Asian powers have assessed the West's ability to make this formula work, and found it wanting. Thus, the "Anglosphere" is now walking a fine balancing act "between abetting a deepening financial crisis and promulgating a further breakdown of the EU itself," which is, as The Daily Bell correctly observes, a key structural component of the global government and currency system they wish to emplace. And the ultimate culprit of spreading information faster than their ability to monitor it is of course the internet. Under these conditions, throwing the war dice is increasingly risky, and ultimately, counter-productive to those very elites, for their is no guarantee of victory without a fundamental realignment of the Asian powers that oppose them.

So the solution is to shore things up at home first...see you on the flip side for part two!...

19 thoughts on “THE PROBLEM OF THE EUROPEAN UNION”

  1. The idea that the Federal Reserve Note, a.k.a. the USD, could lose its status as the world’s reserve currency began to take hold in my mind in October, 2008. Actions taken by the Federal Reserve, the US Congress, outgoing President GWBush and Incoming President BHObama and reporting by the media elites were becoming more and more irrational.

    The parasitic western banksters, otherwise known as the OUTLAWS, have always planned to establish a NWO backed by a single, global currency. The words E PLURIBUS UNUM is Latin for “Out of many, one”. These words are found on the Great Seal of the United States and the FRN. Therefore, “Out of many (currencies), one.”

    No one doubts the Chinese and Russians seek to overthrow the financial power of the “Anglosphere”. Their plan might succeed, if and when, the OPEC cartel stops pricing oil in FRN, otherwise known as the USD. As a counter ploy the ‘Anglosphere’ has provoked the nation of Iran into threatening to block the Straits of Hormuz and thereby stopping the great flow of oil that passes through it. A shutdown of the straits would cripple the Asian economies in a very short time. The military of the ‘Anglosphere’ could keep the straits closed for a very long time. So, perhaps certain agreements could be extracted from the Chinese and Russians in exchange for keeping the straits open. Perhaps the Chinese could be pressured into buying a lot of worthless, sovereign Euro debt.

  2. The catch 22 of starting more war: the world will most likely use an attack on Iran or Syria to drop the US dollar like a hot potato. I think what we see now are feelers being sent out regarding who is on board. Even the brain dead FOX news/NPR listening zombies will have to question why we are planning to attack India, Brazil, all of South Asia, Russia, Pakistan, Tibet, Bolivia, maybe Germany, etc. etc.

    Of course the Chinese, who are the most patient and best students of history, will sit back and watch, knowing full well this is always the end result of the Babylon banksters machinations.

    You want to know what it will be like under Chinese global rule? There won’t be a tree left and anything with four legs, except tables, will be devoured. Say goodbye to wildlife and green earth..

  3. Китай хочет поменять правила игры, США не хотят. Дальше посмотрим.

  4. How does the USA justify an IOU to China when the USA
    AND China know that the USA can’t even keep up
    interest payments?

    The dollar hasn’t been convertible to gold since the Nixon Administration. The govt can’t go broke and can always pay its bills (it technically doesn’t have to borrow, remember Lincoln funded the Civil War by printing greenbacks instead of bonds). We run a huge trade deficit with China, leaving the Chicoms a choice of leaving their dollars (traded for their exports) with the Federal Reserve either in a low-interest “checking account” or a higher-interest “savings account”. If China wants to keep selling its manufacturing output to the US, it will keep buying T-bonds.
    Embarrassed to say this, but the Tay Zonday song, Mama Economy, is pretty accurate.
    http://youtu.be/37eqoYbj1QM

    1. Ah, but this too, has been orchestrated.
      It’s part of the US takedown.

      And ‘they’ can’t keep printing money unless
      they want a more immediate collapse,
      which they were planning, but shortly realized
      that it would cause them to lose [more] control.

      Scroll down for my further explanation
      which I mistakenly added into the wrong place.

      1. Oh, and the trade deficit has nothing to do with the debt.
        There is a ‘surety’ in place that keeps the two animals apart.

        1. “Oh, and the trade deficit has nothing to do with the debt.”

          Au contraire. The debt is a stock to to which is added the annual flow of the budget deficit. And I’ll quote the brilliant Wynne Godley as to what THAT means.
          “The budget balance is equal to the difference between the government’s receipts and outlays, but it is also equal, by definition, to the sum of private net saving (personal and corporate combined) plus the balance of payments deficit.
          If the private sector decides to save more, the government has no choice but to allow its budget deficit to rise unless it is prepared to sacrifice full employment; the same thing applies if uncorrected trends in foreign trade cause the balance of payments deficit to increase.”
          http://www.guardian.co.uk/business/2005/aug/28/politics.comment

          Godley (who passed away a couple years ago) predicted 30 years ago the Euro would end in a train wreck:
          “If a government does not have its own central bank on which it can draw cheques freely, its expenditures can be financed only by borrowing in the open market in competition with businesses, and this may prove excessively expensive or even impossible, particularly under conditions of extreme emergency….The danger then, is that the budgetary restraint to which governments are individually committed will impart a disinflationary bias that locks Europe as a whole into a depression it is powerless to lift.”

          1. Sorry— debt is the stock to which is added the annual flow of the TRADE deficit. And I’ll quote the brilliant Wynne Godley as to what THAT means for the budget deficit…

          2. That’s not how I learned it in Macro and Micro Ec.
            I got an A, but that can be done without learning
            much on your subject.
            Thanks,
            I’ll do some re-reading because sometimes I do
            get it wrong !

            What I do know is that some creditors are indeed
            wanting a piece of US.
            And yes, you can buy a country through its debt.
            It may not be viable, but it works the same way.

            Anyway, I still have my EC books
            and I need to know that.
            😉

          3. The trade deficit is zeroed out.

            Just like that ! The zero is put on the bottom line.
            Just like that ! It stays on the books. Just like that !

            Read on.

            I had to go over my notes because this is NOT in any
            MainStream books or articles, such as the link you put up.
            It is just another mainstream lie.

            No, we do NOT have free speech !
            Why do you think they want to censor the internet ?
            To SAVE our freedoms. We haven’t really had any,
            not for a long time.

            The internet is all we have.
            That’s how the truth exploded !

            The scientists, top professors, journalists and
            everyone else in the know, likes the good life
            and quickly learns what they have to do to get it and keep it
            because the truth has a price!
            AND
            so says a CIA butthead !
            “You have no rights,” he said.
            I typed back, “I know!”
            He signed off.

            I went ‘back’ to school after my divorce, so my notes
            aren’t old and I’ve kept them.
            I found it. Of course I put it in writing.
            It was not in the book, but my professor told us and
            my hand shot up !

            I said, “They can’t just arbitrarily zero it out!
            That’s crazy !”
            No one else seemed to catch it, but then
            turned in my direction
            AND
            all of a sudden they were paying attention !

            Most young and looking for sex in all the right places.
            But not a few at my own age or there abouts.
            The prof said, “Well that’s what they do,”
            and quickly moved on before I could close my mouth.

            Do you pronounce it Kane si an
            or Ken y shen?
            Ar any rate, Keynes Economics took off with
            Lee Harvey Oswald.

            All New World Order tyranny by deceit.
            All Elite lies.

            And my Economics professor ?
            He looked like he just gave away the crown jewels,
            which is why he so quickly changed the subject
            and ‘moved on.’
            He pretty nearly did, but I caught a gem !

            That’s what I had in mind and yet I almost forgot it.
            That’s my story and I’m stickin’ to it;
            but I’m like the fast food joint….
            have it your way.

  5. Cryptic as usual here at the Death Star. I’ll go to bed and wonder
    about green overalls, dogy-doo, IOUs and Chinese land.

    How much silver do you folks have? Well, that’s not e’nuff.

  6. may I please address this issue from the most practical standpoint?- as I’ve lived through the conversion of the German Mark to the shit Euro (anyone understanding the slightest bit of German understands why we scathingly call it the “Teuro”)-

    the inception of the Euro has halved the bying power of the masses (I’m included) but increased the power of the Power Brokers-

    so what is the end game?- a possible genuine demise of the Euro for the benefit of humanity or a more sinister agenda?-

    Larry in Germany

  7. *FLASHBACK!* 1974 ~ “They told me the Russians would be fighting on American soil, but we’d be just barely able to beat them… Then ‘the Mongolians’ would invade American soil, swamping the home forces. The Russians woukld then join forces wiuth the Americans to fight against the mongolians, but that would not still not be enough to defeat them (‘mongolians’).” … The short, middle-aged, green coveralls-wearing ‘Wisconson dirt farmer’ told me. He also said many other things as we stood in front of the book store, checking out… Such as ‘they’ made him shower every night & enter his ‘special room’ set aside for ‘them’ so they could ‘lift’ him into their ‘ship’ 3-5 times a week in the astral state. Shazaam! Pretty far out from such an unimposing personage. I offered my hand to shake his, ready to leave; our hands clasped: I felt like my hand-arm-shoulder was beeinmgh electro-fried! He let go, smiled, and said, “You can’t get this by reading all the books in this (NewAge) store – you can only get it from someone who already has it.” I was instantly convinced, still shocked by his unordinary energy. I left, wondering. His ‘contacts’ visited me that night. … Wonder if they ‘Knew’ something? (True event.)

    1. The point is that there is NO NEED to fight.
      China is ‘buying’ us [USA]

      I outlined this for an accountant years ago.

      “How to BUY the United States”

      In business it’s one form of what is called
      a “hostile takeover.”
      Buy the debt, buy the company.

      1. I do recall reading something somewhere about how there are barges bringing our Great Lakes fresh water to China in order for them to irrigate their farms, because apparently they have no fresh water. I sure hope we are reaming them like we get reamed at the gas pump every once or twice a week… I doubt it though, maybe that’s what they are calling on to collect?

        1. Interesting.
          It seems like a lot of trouble, maybe in more ways than one.

          The next wars are prognosticated as the “Water Wars.”
          We can’t have THAT !

  8. Does it track much with others that the [so-called]
    richest country in the world is in deep [dog-doodoo]
    debt to one that was [not too long ago] one of the poorest,
    yet industrialized country in the world?

    How does the USA justify an IOU to China when the USA
    AND China know that the USA can’t even keep up
    interest payments?

    Not too many US citizens know that the US has already
    defaulted on its debt, but wondering what the Chinese
    are doing on “their” land !

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