June 16, 2012 By Joseph P. Farrell

Yesterday I blogged about the warnings of George Soros that the European Union is in a three month countdown either to greater integration, or dissolution. And in the center of it all is Germany, about the only major Western economy that is reasonably healthy. It is, perhaps, a bit of ironic deja vu that the world once again hinges upon what a Chancellor, or in this case, Chancellorin, in Berlin decides.  I have reported on the fact that Germany is pressing the debt-stricken nations of Southern Europe to collateralize not only their bullion reserves but also their national treasures in return for an issue of Euro-bonds.

Now, there is this, and we can once again thank the Daily Bell for keeping us apprised of events:

Merkel and Her Crew: Only More Union Will Do

Now I have to wholeheartedly agree with the Daily Bell on these points:

"Hey, dear reader, don't say we didn't warn you. While we began to cover the Euro-crisis from the standpoint of its surface reality, we soon began to wonder if the entire mess was not, in fact, a phony one. The global economy we've got now is anything but free market, after all.

"The global economy is driven by central banking and by banks in general. Those at the top, the power elite dynastic families, control the world's central banks, in our view, and use that vast treasure to promote one-worldism.

"Their main tool is the dominant social theme, the fear-based promotion that seeks to frighten middle classes into giving up wealth and power to specially prepared globalist institutions.

"The takedown of European sovereignty is a classic example of this strategy. We are supposed to believe that banks lent billions and billions to Greece and other PIGS out of greed.

"Well ... we're well past believing this was entirely a coincidence. Seems to us this takedown was in a sense planned, or at least inevitable. We've long predicted the results, as well. More union. More transfers. More Brussels.

"This is how a world government is built – crisis by crisis. We call it directed history.

"The crises are phony and the solutions are preordained."

It doesn't take a a theoretical physicist to see the truthfulness of this interpretation, or rather, at least its plausibility. The idea of a European wide currency on the one hand while individual nations maintained control over their budgets on the other hand was a system bound to fail, and predictably enough, in step the central banksters with their pre-ordained "solution," which is for those nations to surrender more of their sovereignty.

There's been a hitch, however... Iceland jailed its banksters, the Greeks are justifiably angry over the prospect of collateralizing their national treasures, and the Italians and Spanish are not far behind. And perhaps, behind this anger, is the realization that leaving the European Union might not spell the end of their ability to conduct international trade.

After all, there's Russia, and China...

And then there's Germany itself. As the Daily Bell article  correctly observes, Frau Merkel has been losing local and Laender elections in Germany, precisely for the reason that Germans intuitively know that "more union" simply would mean Germans would be called upon to bail out everyone else... including the troubled economies of southern Europe.

I am reminded of that warning by the Iron Chancellor, Bismarck, when asked what would touch off the next war, made shortly after the formation of the German Empire in the wake of the Franco-Prussian War. That next war, he said, would be touched off by "some damned fool thing in the Balkans."

The technocrats in Brussels and London have their work cut out for them, for they not only have to convince the Greeks, Italians, Spanish, and Portuguese, but the Germans as well.

See you on the flip side.