Tag Archives: Angela Merkel

EU goes Marxist, little opposition from citizenry

Europe turns to Marxism

Willing to do just about anything to avoid the collapse of their treasured Euro, Europeans are considering marxist policies so to save a failing currency.

The Telegraph  reported that “Wealthy households would face new taxes on property and other assets under German plans to prop up the struggling eurozone.”

When governments turn to the producers in their countries to fund the failures of others, the end is nigh. It is fully Marxist philosophy (and a proven failed one) that says that “From each according to his ability, to each according to his need” – now Germany and other nations in the EU look willing to entertain socialistic policies despite their failures.

At this time, Germany is simply proposing a rule that would force troubled counties to tax their wealthier citizens to cover bloated government spending.

The slippery slope that German Chancellor Merkel’s advisors didn’t consider is an historic one. Soon enough, Germany may find economic hard times. Soon enough Germany’s producers will be left to pay the balance of social and government programs voted in by the rest of the citizenry.

As the legendary and recent departed Prime Minister Margaret Thatcher once said “eventually you run out of other people’s money.” It may not be long until Europe’s middle class finds themselves to be “the wealthy” as the uber rich get taxed into leaving. Then the middle class will look elsewhere and the only ones left paying the bills of an overspending government are the low-income earners. Find a Marxist country where this isn’t true.

America has its own challenges. States like California and New York are increasingly determining what citizens may or may not do and how much the wealthy should pay to subsidize those who will not produce. The USA is not without condemnation in this respect.

Marxism is a failed ideology that is so pleasing to the uninformed that it spreads like wildfire. “I can get fed and housed even without work?” asks the recipient. “I take risk and it goes to the unproductive?” asks the producer. How long can that imbalance last?

Europe may soon prove the equation imbalanced. And Americans will be left asking their president “why, exactly, did you want us to be more like Europe?”

 

EU Unemployment Stats Troubling

With the Euro-zone embattled in a financial crisis that has seen the heads of the governments of Greece and Italy ousted, it certainly appears that there will be more leaders of financially insolvent countries to also be ousted from office in the very near future. One of the most recognizable signs of an economy in trouble is generally considered to be found in the host country’s unemployment numbers. With the creation of the Euro-zone and the one-region monetary currency of the Euro, the huge disparities between Euro-zone economies was supposed to be equalized, to hear the globalists that forced the Euro onto the countries of Europe tell it. Once again, it appears that the creation of the euro-zone has resulted in more of what it was promised to prevent: Countries such as Greece, Spain, Italy and Portugal have now suffered immensley, compared to the economies of, say Germany. The following chart showing Unemployment numbers across the Euro-Zone, with U.S. and Japan included as a reference) compiled from Eurostat, shows just how Germany has thrived while other countries are suffering today. Germany has seen it’s unemployment remain stable around 5% right through the major EU financial crisis, while Spain’s has shot up to over 23% today.

In an article from Reuters and posted on MSNBC.com we see that Germany’s Angela Merkel and France’s Nicholas Sarkozy are calling for a new European treaty that would mean “stricter controls on each nation’s budget.. and harsh punishments for those who don’t stick to them.”

President Nicolas Sarkozy and Chancellor Angela Merkel said their proposal included automatic penalties for governments that fail to keep their deficits under control, and an early launch of a permanent bailout fund for euro states in distress.
They said they wanted treaty change to be agreed in March and ratified after France wraps up presidential and legislative elections in June. “We need to go fast,” Sarkozy said. (emphasis mine)

The question still remains unanswered as to just where the funding for this “permanent bailout fund” will come from. In looking at the unemployment numbers above, and the Merkel/Sarkozy refusal to the issuing of bonds in theory guaranteed jointly by all euro zone countries, but in practice by the bloc’s strongest member, Germany. “We reject the idea of euro bonds,” she said.
Sarkozy rallied behind her, saying it would be absurd for France and Germany to cover the debts of countries on whose debt issuance they-Zonehad no control. The two biggest economies that have inserted themselves as power-brokers over all of the Euro-zone now refuse to put up any of their funds to bail out the smaller countries. Again from the above-linked MSNBC article, we see the following tidbit from the UK government:

Several governments, notably Britain, Ireland and the Netherlands, oppose treaty change because it might not win public backing in a referendum.
The British government said the changes proposed by Sarkozy and Merkel did not mean a significant transfer of power to Brussels and would therefore not require a referendum in Britain, which does not use the single currency.

Merkel and Sarkozy’s “treaty change” will not require a referendum in Britain, who was smart enough to see this train-wreck of a powerplay for the disaster it was a long time ago. Meanwhile Germany and France enrich themselves while demanding stiff penalties for the smaller countries that have suffered directly from the EU Globalists massive power-grab. This situation is far from over, regardless of what Merkel and Sarkozy tell the world.

CEO of German Deutsche Bank Targeted with Package Bomb

 

Merkel and Sarkozy, Plotting the protectionism of Germany and France while the rest of Europe is bankrupt

A package addressed to Deutsche Bank CEO Josef Ackermann  was intercepted in Frankfurt, Germany on Wednesday that contained explosives and shrapnel, with a return address of the European Central banks headquarters, which is located just a few blocks away from Deutsche banks HQ.   Fox News  is reporting that the NYPD is warning local banks to bolster mailroom security and that the NYPD’s deputy commissioner, Paul Browne had stated that several police officers were being sent around to Deutsche bank locations throughout the city to exercise “an abundance of caution.”

So-called [and unnamed] U.S. officials are now coming out of the woodwork with several possible explanations of just who could be behind this bomb plot. This comes on the heels of announcing that there are no strong leads in the case, so any theories are mainly conjecture at this point. First they are pointing at Al Qaeda in the Arabian peninsula, mainly because they were behind last years cargo printer bombs.  While the method of operation was similar there, the attempted Deutsche bank bombing appears to be directly pointed at one single person- CEO Josef Ackermann. So far it is an isolated incident whereas the cargo printer bomb plot involved multiple targets.

Another scenario being tossed around by officials is the recent Iran threat against U. S. troops stationed around Germany. Whoever came up with this theory appears to lack common sense and any hint of “intelligence,” as is shown by the fact that the bomb targeted the CEO of Deutsche bank, not a military base, or any place U. S. troops in Germany would frequent, such as a nightclub.

One only has to look into the European debt crisis, riot- protests, and the toppling of several leaders of EU countries recently to see that this bomb plot probably was meant to send a strong warning message against certain elements in the EU plutocracy that have been manipulating the bailouts/ non-bailouts of the smaller EU countries and their part in creating the major debt-crisis. Right smack dab in the middle of all of this EU, IMF, and European Central bank financial maneuvering has been Angela Merkel and Deutsche bank. From the Fox news article linked above, we see the following very interesting tidbit :

Ackermann, along with other Deutsche Bank executives, are being investigated over alleged false testimony they gave during a major civil lawsuit in Germany, which raises additional questions about the origins of the package. Reuters reported that Ackermann is one of the few executives in Germany always surrounded by bodyguards.

ECB

And then we have the “Occupy Frankfurt” movement pitching their tents across the street from the ECB, which by the way, who’s return address was on the mail bomb package.  The MO here could fit some of the Occupy patterns, as in the fact that officials are saying the bomb was not sophisticated, and the devious idea of putting the return address of the ECB on the bomb package certainly would fit the same pattern of Occupy slogans and some of the  cutesy rhetoric we have seen on the Occupiers signs recently.  There is also a heavy presence of Anarchists at these Occupy camps, and they have a history of bombings and attempted mayhem very similar to this attempt.

In summary, this appears to be a domestic (as in EU) issue, as opposed to a foreign terrorist plot. One thing we can be sure on, is that whoever is behind this plot will be dismissed as a raving lunatic in order to cover up any of  the EU plutocracy’s transgressions that this person/group is trying to take action against. The EU is drowning in debt and several countries are bankrupt. Meanwhile Angela Merkel’s Germany sits right in the middle of the Eu and currently enjoys relatively low unemployment and prosperity while the rest of the EU is forced to undertake severe austerity measures which have people rioting. Germany’s  Deutsche bank CEO was just made the target of a bomb plot.  This could be a single isolated incident to send a stiff message to the elitist bankers and plutocrats of the EU, or it could be the start of real chaos in Europe. You can bet another big player in all of this is under heavy protection today also, as in Mr Nicholas Sarkozy the current President of France.  Merkel and Sarkozy, as pictured above are really bombarding the press with supposed plans to deal with the very EU debt-crisis that they themselves  have created,   as seen here.

Only time will tell as to whether these theories that are expressed here, compiled by looking at the complete picture of just what is happening in Europe today are true.  One thing we can be darn sure of, is that this bombing attempt is not the work of foreign terrorists, simply because all they have to do is sit back and watch the EU implode all on it’s own, thanks to the likes of Merkel, Sarkozy and the globalists behind them.

CNN Update 7 am- The Bomb was real.

 

 

 

 

Fed's Bernanke Props Up EU With Loan-sharking Scheme

U.S. Federal Reserve Chairman Ben Bernanke has reached out to Europe in what is being mischaracterized across America as just another European bailout. Bernanke realizes the U.S. Congress would never allow the Federal Reserve to put the U.S. Economy at further risk by directly bailing out the European Socialists, in which we are already exposed to the tune of owning 20% of the IMF debt-fund, which is basically bankrupt. The EU announced that they would be increasing the cash flow to prevent several countries from going insolvent a short while back, in hinting that China and Japan would agree to buy up more European debt. The only problem there,  is that China refused to buy into that scheme without seeing solid austerity measures put into place, which the EU refused, or was incapable of doing.  Simply put,  Europe was a very bad credit risk, and China turned them down which was very embarrassing to the EU grand banking manipulators, who had already announced more cash was on the way.  

Understanding Bernanke’s Loan-Sharking Scheme

Bernanke then decided to play the role of loan-shark king, in lowering interest rates for dollar swap lines to the ECB (European Central Bank) along with cooperation from four other major central banks (Canada, England, Japan, and Switzerland). Bernanke is attaching the European debt crisis exposure to the banking systems of the other 4 country’s mentioned above in a move to cloud the fact that he is lending more money ( and collecting lower interest rates) to the European Socialists Union, which should actually have been declared bankrupt over a year ago. Does anyone believe for one minute that Canada, Japan, Switzerland, and England are going to put their economies at risk by buying into the debt-disaster of the EU, the IMF, the ECB and the EFSF? Of course not. The EFSF, or the European Financial Stability Fund ( boy is that an oxymoron if ever there was one) has yet to explain just what their role will play in all of this.

Yet globalists paint this scheme in a rosy hue by declaring that the European Central Bank, which has been reluctant to intervene to stop the growing crisis on its own continent, was joined in the decision by the Federal Reserve, the Bank of England and the central banks of Canada, Japan and Switzerland. Central banks will make it cheaper for commercial banks in their countries to borrow dollars, the dominant currency of trade. Just what effects will this have on the value of the U.S. dollar, long-term? But while it should ease borrowing for banks, it does little to solve the underlying problem of mountains of government debt in Europe, leaving markets still waiting for a permanent fix. What is that term Obama and Congress love to toss at the American public so often today? That’s right, they use the “We can’t continue to kick the can down the road” analogy constantly, yet this is exactly what the EU and Bernanke are condoning with this latest move.  Where do Germany and France stand on all of this?

The stock markets rallied upon Bernanke’s announcement of the Fed lowering its dollar-swap interest rate, and China’s easing of it’s monetary policy for the first time in several years by reducing bank reserve requirements by 50 basis points. This may be the first of several Chinese easing moves, and it certainly added to the stock surge. Again, take note that China is not willing to buy into the EU debt-disaster, but instead slightly lowers their bank reserve mandates. Also missing from this equation are the two biggest economic elephants in the middle of the EU, France and Germany. Simply put, after Deutshe Bank of Germany received massive bailout funds from the IMF, EFSF, and the ECB schemes that prevented them from suffering massive losses due to the previous buying of EU debt , and they now refuse to take the risks to provide any funding to bailout Greece, Italy or anyone else in the EU, including the newly exposed and problematic French debt-crisis.

The bottom line here is that this is all just another batch of phony solutions to a rapidly-expanding European debt-crisis that was created by the Euro-Zone Globalists, and which is heavily rooted in anti-capitalistic, utopian Socialism and the ever-present denial of the realities of their irresponsible actions.  Nothing has been solved here, much to the dismay of Ben Bernanke, who actually believes that this latest loan-sharking scheme will fool Congress into somehow thinking that Bernanke waved his magic wand and thus prevented the European insolvency that China now sees as inevitable. ( as is proven in their refusal to further buy into the European Socialists massive debt problem nightmare)  Are we to believe that the ECB can just write a trillion dollar check to further prop up the EU’s fast-growing number of bankrupt countries? On top of that, how can the IMF expect to be allowed to borrow another $800 billion from the ECB to give those same bankrupt countries even more money? The bottom line is that they can’t, simply because the money just isn’t there, especially with Germany and France now refusing to participate in any further bailouts without the creation of a New EU treaty. Merkel and Sarkozy have made Europe into a Communist collective that was built on the Socialistic catch-phrase of  denying protectionism, or the rights of European countries to control their own economies through implementing sound fiscal policies. Now they want out of the communist collectivism that they have created to protect their own countries from falling off of the debt-cliff that Italy, Greece, Spain, and other EU infected countries are now on the edge of.  For the proof of Merkel and Sarkozy’s stealth demand for German and French “protectionism” from the European debt-crisis they helped to create,  check out this article neatly titled,  EU Planning a New Treaty. Oh what a tangled web we weave, when first, we practice to deceive.  Sir Walter Scott, 1771 – 1832.

 

 

 

EU Plutocracy on Verge of Collapse

Top Judge Puts the Brakes on Merkel’s EU Bailout Scheme/EFSF Expansion

The EU plutocracy started coming apart at the seems back in September of this year, as Germany’s top Judge, Andreas Vosskuhle, head of the constitutional court, said politicians do not have the legal authority to sign away the birthright of the German people without their explicit consent. It is quite refreshing to finally see a top judge demand that politicians decease in creating unconstitutional laws without the express approval of the citizenry. The Judge went on to further explain that if Merkel and company in the EU plutocracy want to continue to grant powers over the German people to the EU, they must do so by calling a referendum and change the constitution. This certainly derails the mini New World European Order plans of taking from the citizenry to continue to support the EU plutocracy.

The main problem seems to be the fact that Merkel and company want to constantly transfer funds and manipulate bailouts in secrecy, as Carsten Schneider the finance spokesman for the Social Democrats of Germany demanded that Chancellor Angela Merkel and finance minister Wolfgang Schäuble clarify their “true intentions ” before the (bailout) vote on Thursday. [We have no wonder how Schneider would feel about Nancy Pelosi’s statement of “We have to pass the bill to see what’s in it,” which she made when she was the third highest politician in America, the Speaker of the House of Representatives.]  As we can see from this article from Reuters, the EU debt crisis pain will undoubtedly be felt in America, as well as around the globe. The EU debt crisis has already claimed  the heads of the Greek and Italian governments with more to come in the following weeks, as the truth about the implications of just what the EU plutocracy has done in the past few years comes to light.

 

 

It would also appear as if the Germans are well aware of Barack Obama’s part in all of this, as we see this little snippet, also from Carsten Schneider, of the German Social Democrats: “A new multi-trillion programme is being cooked up in Washington and Brussels, while the wool is being pulled over the eyes of Bundestag and German public. This is unacceptable,” he said. The New World Order that billionaire manipulator, George Soros so fondly speaks about could very well be on it’s way to being blown into oblivion if the EU collapses as many are predicting today. As Mike Shedlock so aptly put it,”the German court has already killed eurobonds. Now, if the top judge’s call stands, leveraged EFSF just bit the dust as well. Clearly the German court has had enough of Chancellor Angela Merkel, her cronies, and all the politicians who want to rob German taxpayers for their own agenda.” It then comes as no mere coincidence that when the EU bailouts started they always coincided with the unscheduled meetings between Merkel and Obama.

Germany and America both have explicit constitutional mandates limiting the power of those elected into government for the sole purpose of protecting the citizenry from being ruled by a tyrannical plutocracy. Barack Obama and Angela Merkel have trampled both of their country’s constitutions at very dangerous levels, while taking advantage of the ever-increasing world financial crisis where we see the widening gap between the middle class citizens and the elitists running the plutocracy become a source of massive civil unrest. Germany’s top Judge took a stand against Merkel and the EU’s unconstitutional usurpation of power from the people’s Democracy of Germany. Does America have such a courageous judge, one that will stand up for our constitutional laws and protect the citizenry from the tyrannical rule of the Liberal Plutocracy Barack Obama and company have been building for three straight years now? If so, what will it take for you to make a stand, civil unrest, chaos and blood in the streets? By then it will simply be too late. The plutocracy will simply declare marshal law, and the citizenry will be left with the choice between fighting for their freedom from a dictatorship or flight from their beloved America.
2012 can’t get here fast enough!

EU Bailout Money Going to UK/ German Banks- U.S to Bailout Greece?

Many Americans were kind of surprised when German Chancellor Angela Merkel arrived for what was largely an unannounced White House visit recently. While many self-proclaimed political experts surmised that the main topic of discussion would be the ongoing three wars the U.S. is currently in, the real agenda has come out recently via thegatewaypundit:

After tripling the US deficit and with unemployment at 9.1% President Obama pledged US financial support to bail out Greece yesterday.
CNBC reported:

President Barack Obama on Tuesday urged European countries and bondholders to prevent a “disastrous” default by Greece and pledged U.S. support to help tackle the country’s debt crisis.

Obama, whose political prospects have suffered from persistently high unemployment and ballooning U.S. debt, has pinpointed the euro zone crisis as one foreign “headwind” hitting the U.S. economy.

After a meeting with German Chancellor Angela Merkel, he stressed the importance of German “leadership” on the issue – a hint that he expects Berlin to help – while expressing sympathy for the political difficulties European Union countries face in helping a struggling member state.

“I’m confident that Germany’s leadership, along with other key actors in Europe, will help us arrive at a path for Greece to return to growth, for this debt to become more manageable,” Obama said.

“But it’s going to require some patience and some time. And we have pledged to cooperate fully in working through these issues, both on a bilateral basis but also through international and financial institutions like the IMF.” (emphasis mine)

If that little tidbit doesn’t get American taxpayer’s blood boiling, this next one is certainly going to blow open some eyes and ears. Not only is Obama pledging stealth U.S. bailout dollars to be sent to Greece, who already has been bailed out numerous times, but the fact is that the money will  mainly go to German and  UK banks, not Greece itself! Big bankers, just like our very own wall street, have made irresponsible financial decisions, yet will not be held accountable for the losses they incurred by those actions in bailing out Greece with no real plan to fix Greece’s debt problem. Yes they called for the cutesy “austerity” measures, yet those measures are obviously either a huge failure, or this is all just a stealth plot to enable more never-ending Socialist wealth redistribution. Either way, we should be asking since Speaker Boehner supposedly holds the American taxpayer’s purse in the U.S. House of Representatives, just how can Obama decide to bailout big bankers in Germany and the U.K. under the guise of bailing out Greece without it passing through Congress? What say you Mr. Speaker?

Our friends over at birdflu666 exposed the fact about just who has been raking in the billions of bailout dollars that supposedly went to Greece, Portugal, and Ireland:

German economic advisor admits banks getting billions of eurozone bailout money, not Greece, Portugal or Ireland

Peter Böfinger, an economic advisor to the German government, said that the Berlin should come clean about the fact that the billions in eurozone bailouts are going primarily to German banks.

http://www.spiegel.de/wirtschaft/soziales/0,1518,762097,00.html

”[The bailouts] are first and foremost not about the problem countries but about our own banks, which hold high amounts of credit there,” he said.

Well, Peter, I do think more many people in Germany realise that Deutsche Bank and co are making record profits because of the money it is sucking out of the tax payers of Greece and Germany.

But I don’t think it is going to be of much cheer up to Germans already fed up with having to hand over their money to Deutsche Bank and co via national bailouts to find out that the rest is going to Deutsche Bank and co via international eurozone bailouts that violate the Lisbon Treaty (emphasis mine)

So the German people are not happy to hear that their tax dollars are being redistributed to the corrupt, in-bed-with-Merkel Deutsche Bank, while they make record profits. Kinda sounds like Bush/Obama and Goldman Sachs, Morgan Stanley , BOA and Citigroup here in the U.S. doesn’t it? Now that Obama’s crony-capitalism with those supposedly-Liberal-hated U.S. bankers has been exposed, I believe Obama has taken his Socialistic wealth redistribution overseas to try to disguise it as bailing out Greece. Oh what a tangled web we weave….when voting for the hope n change thieves. Wake up folks.

At least we now know the real reason Obama welcomed Merkel to the White House in a ceremony fit for a “Royal Queen.”