Quantum Pranx

ECONOMICS AND ESOTERICA FOR A NEW PARADIGM

Posts Tagged ‘PIIGS

More Nails in EU Coffin?

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from The Daily Bell
Posted Monday, April 18, 2011

Massive gains for a massive man – the nationalist True Finns’ shock election result in the 2011 Finnish general election befits the burly figure of their leader, Timo Soini. And there is much brain to go with the brawn, according to journalists who have followed his party’s advance from the margins of politics – from just 4.1% of the vote in 2007 to about 19% four years later.

Brain, wit and charisma applied to a Euro-sceptic and nationalistic agenda – a potent mix worrying EU strategists who are mindful that Finland, unlike other eurozone states, has reserved the option of vetoing financial bail-outs. – BBC

Dominant Social Theme:
The EU shall overcome. The union is not to be trifled with.

Free-Market Analysis:
There is yet a hammering sound surrounding the EU. Some say it comes from those who are busy building a box in which to contain the region’s endless sovereign debt crisis. Others might be persuaded the box is the EU’s coffin. The distinction is important not only to the EU but to the Anglo-American power elite that is running as hard as it can to refine plans for one-world government before the Internet and the rolling worldwide inflationary recession generates a critical mass of opposition to such plans.

Of course there IS no power elite with plans for a New World Order according to mainstream Western media. Never mind that in an interview with the website Infowars over the weekend one of America’s pre-eminent television broadcasters went on record as saying that indeed there was. “Lou Dobbs: Elites Are Setting up a One World Order,” read the Infowars headline. And Dobbs’ perspective is shared at least in part by other prominent US officials, including Congressman Ron Paul (R-Tex) who may once again be a leading candidate for US president in upcoming Republican primaries.

Yes it’s fairly obvious what is going on, given the massive global regulatory infrastructure that’s being put in place. The Internet by now has shredded any pretense of that such plans are not being pursued and the result has been a change in elite tactics from what we can tell. The elites have decided to strike back by substituting intimidation for secrecy.

As we report in today’s other article, such a strategy carries risk. By increasingly attempting to promote its policies through via brute political, economic and military force, the Anglo-American power elites make each individual battle into an entire war. Lose just one contest and the inevitability of global governance begins to drain away. This is why even the smallest battles such as who will be president of the Ivory Coast take on massive resonance and are reported in detail by the mainstream press for days and weeks.

It is a kind of dominant social theme itself: The new world order is a global juggernaut that will mow down all that stands before it; the instrumentalities of global government are here to stay and will only get stronger. This invests every mechanism of global power with a resonance that the elites may not have intended to project. Surely, it adds inordinate significance to each battle; yet in a most difficult financial era there are many such skirmishes going on almost every day.

There is an alternative perspective, one we have advanced many times, which is that the Anglosphere elites seek to enhance and encourage the military, economic and political chaos that has gradually been descending on the world over the past few years. Despite their protests to the contrary, this argument holds that the elites are actively working at various kinds of destabilization in the hopes of building up a single fiat-currency system that will further cement an global Order.

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France: Can you hear us now?

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from The Daily Bell
Originally posted Friday, October 22, 2010

(left) Nicholas Sarkozy

Nobody expected this French revolution … The pensions row has turned into a referendum on Sarkozy … As the French Autumn of Discontent morphs into its second week (more trains, fewer planes, long lines at petrol stations, banlieues kids indulging in a bit of self-administered wealth redistribution in the streets), no one can predict how things will turn out for Nicolas Sarkozy (left) and his embattled government. And yet this should have been the easiest reform of his first term … The strikes have turned into a referendum on Nicolas Sarkozy – not his actual policies, so much as his style. The perception is that he panders to the rich, an unfair one when you consider his predecessor Jacques Chirac, who never paid for any holiday he took in or out of office. … Sarkozy (whose fortune is the product of selling his family flat for £1.6 million when he was elected in 2007) earned himself, early on, the “bling bling president” tag. Nothing he has done since has shifted the impression that he wants the French to make efforts he will not subject himself and his rich friends to. – UK Telegraph

Dominant Social Theme:
The French are crazy and need to blow off steam once in a while.

Free-Market Analysis:
Until recently we have been somewhat alone in trying to explain the reality of what was taking place in Europe. In a series of articles, we predicted that Europe would blow up sooner or later, because Europe was basically a tribal environment and, in fact, a patchwork of tribes. In one of our recent articles, we even provided a Wikipedia excerpt showing how the tribes had conquered Rome and then migrated throughout Europe in the next 500 years. To think that Europeans themselves are not quite conscious of their background, or have no tribal solidarity, was naïve in our view.

The tribes are bloody-minded. In fact, Europe has been a cauldron of blood and resentments, much of it whipped up by the Anglo-American power elite for purposes of consolidating wealth and power. But the tribal solidarity and brutal arithmetic used by the tribes to calculate their well-being had not in our view changed much in eons. We felt fairly certain the tribes of Europe would take action once they perceived that the EU was not going to prove a net benefit but would actually have a negative impact on their wealth and property. We recalled the unrest of the 1960s (in which admittedly American intelligence played a part via Operation Gladio) and we predicted that those days would come again.

The EU, in fact, was not providing any other options, or making it any easier to avoid what has now occurred. Either the elite is out of ideas or out of options. We believe it may be the latter (assuming the powers-that-be are not engineering some sort of total implosion for nefarious reasons yet to be fully comprehended.) By insisting that the common man in various PIGS nations pay back large commercial banks that had lent recklessly to those same countries and enriched their political and industrial elites, EU leaders were almost inviting (and arrogantly so) what has now occurred. The so-called “austerity” unrest was about this perception. Normal people saw that the EU had bribed national elites to build a consensus for joining – and they didn’t wish to pay the bill.

It’s not just government pensions. Taxes are going up even as services are going down. Distorted private industrial sectors, gorged on the inflationary euro, imploded over the past few years and shed jobs. Harried people have sought shelter in government work, and now the government jobs are leaving as well. Many economies lie in ruins, and still there are no jobs to be had. Meanwhile, Brussels’ Eurocrats pretend it is the “people’s” fault. Sure governments had been greedy, but ultimately the blame lies with the electorate. So it is said.

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Euroland, the Horror Movie

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by James Howard Kunstler
Originally posted February 15, 2010

AN OLYMPIAN GAME OF MUSICAL chairs in global finance heads for a climax in the days ahead as so many eyes are diverted to alternate festivities in British Columbia, where grown men compete for gold by riding things that look like cafeteria trays down icy mountainsides – is this the moment that comes every four years when you wonder why you didn’t get your kid a luge for Christmas?

The advertisers must be lovin’ it, but six thousand miles away a whole lot of European bankers are wondering how to get their fannies in a dwindling number of seats at the money trough. Greece is going bust. History is a great prankster this way. Just when you’re wondering how America will make Afghanistan safe for democracy, or whether Venezuela will blow itself up along with the oil markets, along comes kindly, picturesque, inoffensive old Uncle Greece – land of antiquities and pizza entrepreneurs – to fuck things up.

Those who run Europe have three choices: to bail out Greece, to let Greece sink (into a desperate economic depression), or to pretend to bail out Greece. The sad truth of the situation is that there is not enough productive activity in Europe to really support all the members of the European Union in the style they’re accustomed to. (Which also happens to be true of the USA and its constituent states, but you probably know that already.)

Europe is a sad case, really poignant, because it became such a darn nice corner of the world after the convulsions of the mid 20th century. Who, for instance, can spend two weeks walking the lovely ancient streets of Bruges or Orvieto, or Lisbon and not fall to their knees in overwhelming despair on return to the slum of Kennedy Airport? Europe rebuilt itself so beautifully after the war while America became a utopia of overfed clowns riding in clown cars around the plasticized cartoon outskirts of our ruined cities. Europe had wonderful public transit while America let its railroads rot away. European men went about their business in grown-up clothing while American men dressed like five-year-olds and got flames tattooed on their necks as though contemplating a barbarian invasion of Akron, Ohio.

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