Lord Rothschild: The New World Order Is At Risk


Baron Jacob Rothschild – concerned banker or Bond villain? (Picture Source:  http://www.myfirstclasslife.com  )

In the RIT Capital Partners 2014 annual report, the head of Rothschild family banking empire warned that “the geopolitical situation is most dangerous since WWII.” A year later, Baron Jacob Rothschild repeated his warning about the outcome of “what is surely the greatest experiment in monetary policy in the history of the world”. In August 2017 with markets still behaving irrationally he cautioned that “share prices have in many cases risen to unprecedented levels at a time when economic growth is by no means assured.”

Little did he know at the time that, driven by High Frequency Trading, computer algorithms and a quasi religious blind faith in technology they would keep rising, but related to that, he also made another warning which the market has so far ignored:

The period of monetary accommodation may well be coming to an end. Geopolitical problems remain widespread and are proving increasingly difficult to resolve.

In the latest half-year commentary from RIT Capital Partners published yesterday, Lord Rothschild made his sternest warning to date, this time focusing on the global economic system that was established after WWII to create a new world order, and which he believes is now in jeopardy.

The billionaire banker pointed to the US-China trade war, which is really a US versus Russia, China and Iran currency war, and the Eurozone crisis, with the resurgence of nationalism threatening the European Unity project after the UK’s Brexit vote, as the key problems putting economic order at risk, and the lack of a “common approach” – a reference to the gradual unwind of global thinking in the wake of President Trump – that has made “co-operation today much more difficult”:

“In 9/11 and in the 2008 financial crisis, the powers of the world worked together with a common approach. Co-operation today is proving much more difficult. This puts at risk the post-war economic and security order.”

It wasn’t clear if he was referring to the post-war fiat money standard that emerged once FDR devalued the dollar relative to gold, and then fixed a price for the yellow metal, a tenuous link that was subsequently destroyed by Nixon who finally took the US off the gold standard, or the primacy of the dollar which emerged as the world’s reserve currency after the end of WWII, paving the way for the US to bid for global hegemony, but whenever one of the people who profited handsomely from the “post war world order” warns it may be on its last legs, it may be time to worry.

Either way it is hard to believe that Rothschild is a stupid man, although living in an elitist bubble he may be detached from reality, but his comments suggest that he is unaware the great mass of people have woken up to the fact that globalisation can only benefit the elite in the west, while diminishing the educated populations of developed nations in favour of buying the loyalty of uneducated third world multitudes with handouts and cheap gadgets.

With global risks growing after politicians and the banking cartel have kicked the can down the road for several years by printing money, how is Rothschild positioned? He writes that “in the circumstances our policy is to maintain our limited exposure to quoted equities and to enter into new commitments with great caution” and indeed, in the first half, RIT had a net quoted equity exposure of only 47%, historically low. The reason: the iconic banking family is concerned that the 10-year bullish cycle and market rally could finally be ending.

While Rothschild noted that “many of the world’s economies have enjoyed a broad-based acceleration not seen since the aftermath of the financial crisis of 2008, with as many as 120 countries seeing stronger growth last year” he also cautioned that “we continue to believe that this is not an appropriate time to add to risk. Current stock market valuations remain high by historical standards, inflated by years of low interest rates and the policy of quantitative easing which is now coming to an end.”

One potential risk is Europe, where debt levels have reached “potentially destructive levels”.

Quite so, but the growth we have seen since the 2008 crash has not been organic growth but has occurred mainly because interest rates at which governments lend to banks (by selling bonds to fund their deficits,) have been artificially maintained at suicidally low levels. This has enabled banks to borrow at a quarter or a half per cent, and use their borrowings to buy bonds with a fixed rate of three or three and a half per cent (or higher for nations with weaker economies.) These bonds often give a higher yield as it is possible to buy them at a discount.

Globalisation And The Destruction Of Civilisation
Despite repeated assertions that this blog does not align itself with either of those anachronistic labels, left and right, our oppositions to globalisation (an attack on benefits the early trade union movement fought for,) and our support for controlled borders and strict vetting of immigrants we are often accused by those who like to label themselves ‘left’ (because it sounds cuddlier) …

Can Americans Overthrow The Evil That Rules Them?
The anti – establishment, anti – globalisation mood that manifested itself in the Brexit vote is sweeping across Europe, the cosy government – corporate cartel is desperately trying to control the narrative, but against the combined strength of millions of new media commentators all challenging the official; narrative, the dark forces of globalism are on the back foot.

Is Bilderberg A Sinister Group That Runs The World Or Just A Tea Party For Rich And Powerful People
Are the Bilderberg Group meeting, this weekend in Dresden, Germany, really The Shadow Government (the New World Order, The Illuminati,) that rules the world?
The Oligarchy Is Tottering – Trump Tramples The Neocons’ “False Song Of Globalism”
Donald Trump scares the global establishment as do the anti Federalisation parties in the EU. We take a long and detailed look at why, and exactly what the globalist agenda would have meant for freedom and democracy had people not wonken up and opposed it in vast numbers. Kudos to the Islamic Jihad too, medievalist religious nuts they may be, but they resisted American attempt to impose western consumer culture on them.

If You Look At How Fast Global Trade Is Unravelling, You’ll Get Dizzy
Governments constantly make positive noises about the health of their economies although most people who are in work have felt no improvement on the position they were in after the crash of 2008. Wages are stagnant, employment has reduced somewhat (see below) and while the banks are printing money and the super rich are widening the gap between themselves and ordinary people faster than ever, the real situation is frightening.

The New World order Pope Wants You To Pray For One World Religion
The Marxist, globalist, Soros apparatchik currently posing as head of the Catholic faith wants to scrap the Catholic Church. He didn’t say that in so many words but he has called on Catholics to pray for the creation of a world religion (because love and peace) which would embrace


Democracy Murdered In France

I’m hearing very disturbing news from the French regional elections, predicting that the Front National, comfortable winners in last week’s first round of regional elections, hasve been routed in all regions. For that to happen, and to happen through a massive increase in turnout, suggests electoral fraud on a hughe scale. Or has France joined Britain in adopting the Islamic version of democracy, which is one man one vote, one Imam one thousand votes.

Who Runs America, The White House Or The Shadow Government?
Reports of President Barack Obama’s meeting with Russian leader Vladimir Putin at the G20 summit over the weekend do not look right in the context of yet another blitz of provocative rhetoric from The Pentagon and the Department of Defence towards Moscow. In view of the USA’s constant push towards all out war with Russia, one has to ask who is in control: Obama or the generals?

EU “Sounds Alarm” Over New US Sanctions On Russia; Germany Threatens Retaliation
Late on Friday (21/07/17), Congressional negotiators agreed to advance a cross – party bill that would punish Russia for its (alleged) interference in the 2016 election according to the Wall Street Journal. And while it seems improbable that President Trump would sign the bill if it reaches his desk, the loudest complaint about the bill to date has emerged not from the Oval Office, but from US allies in NATO and the European Union …

Trump catches attention of CFR, Bilderberg, Trilateral

Donald Trump is portrayed as a clown by mainstream media and his combover is the silliest I have ever seen. Still, he’s a billionaie so I don’t suppose he gives a flying fuck what The Daily Stirrer thinks of him. Not that we think he is all bad, anyone who attacks Obama’s global naziism trade deals, TTIP and TPP mush have some good points.

Prepare For The Worst Case Scenario
An article on the cashless society our political and corporate overlords are pushing for proposes that as far as privacy and individual liberty are concerned, what is being planned right now in the political capitals and financial centres of the world is the worst case scenarion. An all digital financial system would mean the end of privacy, nothing you bought or traded would be your own business any more …

How Mainstream Media And The Major Political Parties Are Making Sure Voters Do not Hear The Voices Of Politics’ Most Powerful Critics
As the General Election campaign starts to heat up, we try to shift focus away from the squabbling between Conservative and Labour about who can make the most promises they have no intention of keeping and to the real issues concerning jobs, social breakdown , mass immigration, and loss of national sovereignty.

US Presidents Of The Past warned Against Secret, Shadow Government.
By now it should be obvious that peacemake, joybringer and putative aquatic pedestrian Barack Hussein Obama was never really in charge of the US Government. Whatever Obama said would happen, all the American government’s policies ensured the opposit would happen. The embedded article thows some light on how the US government really works

The American Political System Is “Not A Democracy Or Constitutional Republic” – Thiel
The state of democracy in the USA has become a hot topic of conversation in American business circles in recent years. While President Barack Hussein Obama, not so much a man as an ego on long skinny legs, has increasingly been inclined to rule by executive order in the manner of a despot or tyrant, even Obama’s fiercest critics have to admit the American electoral system seems increasingly capable of delivering only political paralysis …

U.S. versus Russia War: Top Russian Politics Scolar Stephen Cohen Tells The Truth
We have been blogging for four years about the US drive for war, provocation of Russia in Syria, Iraq, Ukraine and elsewhere made it obvious. But I’m just a news junkie with a strong sense of curiosity and have wondered why the US seems set on this course. Good to see experts like Stephen Cohen, a prominent expert on, Russia are coming onside.

Another Reason To Get Out Of EU. UKIP MEP Hits Out At Fishing Policy That Penalises British Fishing Crews
As the General Election campaign starts to heat up, we try to shift focus away from the squabbling between Conservative and Labour about who can make the most promises they have no intention of keeping and to the real issues concerning jobs, social breakdown , mass immigration, and an often overlooked area in which our EU membership has perhaps done more damage than any other, the fishing industry.

Multi-Cultural England: Are You Feeling The Progressive Diversity.
As racial and sectarian tension increase on the streets of britain while politicians gear up for the election campaign, we take a look at the state of Britain today, Imigrant child abuse gangs, Clerics of alien faiths dictating moral strictures, and everywhere we look, foreigners being given provieged status. Is it any wonder the voters are angry?

Another Conspiracy Theory Becomes Fact: Oil Collapse Is All About Obama’s Proxy War With Russia.
While we are distracted with sex scandals at home and terrorists rampaging through the middle east and Africa, the US / EU / NATO confrontation with Russia / China / Iran is geting into a very dangerous state. While the Chinese led move to dump the US dollar as global reserve currency is causing economic chaos, the USA attempts to provoke armed conflict with Russia are getting more reckless and desperate.

Seventy Years Down The Line And We Have Come Back To Appeasement As A Means To Peace.
As a spate of increasingly bloody and violent attacks on civilized values and the democratif freedoms of the western nations (free speech for example) continues to cause revulsion among the general population, our spineless leader are calling on us to be tolerant. The cowardly hypocrites who lead us may be ready to surrender, but anger is mounting in the cities and towns.

Another Blow To The US Dollar Reserve Currency Status As Russia Sings Up Turkey, India
The move led by Russian and China to dump the US dollar as global reserve currency continues to gain momentum. Most recent nations to sign bilateral agreements to settle cross border transactions in the currency of the vendor are India and Turkey.

Even The BIS Is Shocked At How Broken Markets Have Become.
If the Bank of International Settlements (BIS) the bank where banks and governments do business is worried about the state of the markets, we are in bigger trouble than anyone is letting on.

Based on info at ZH (reveal)
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EU Courts to Have Final Say on Brexit ‘Divorce Bill’ and Millions of Migrants

What might well be the final act of betrayal that will finally destroy the political career of the Prime Minister nobody wanted, was enacted earlier this week when Teresa May’s government quietly agreed in a behind closed doors session with the European Union (EU) negotiators to give European courts the final say over Brexit issues, including the massive “divorce bill”, migrant rights, and the Irish border “backstop”.

This latest and most treasonous concession so far from the government would, in the unlikely event of May getting her own party to accept it or brokering a deal between her own party’s Remain contingent, Labour and the SNP, give the European Court of Justice (ECJ) effective control over any dispute involving the £39 billion payment and the status of more than three million European citizens and migrants.

Foreign judges would also control the implementation of plans to keep Northern Ireland locked in the bloc’s Single Market if the border cannot be kept open by other means, as the Prime Minister has agreed. The stark climb-down has been made in private, The Times reports, in an attempt to move talks on after they stalled and EU bureaucrats and negotiators refused to comprise.

One of the central themes in the Vote Leave campaign was the promise to take back control of Britain’s laws and courts and to leave the jurisdiction of the ECJ. The ruling elite are even more deluded than we thought if they try to get away with this. Although Remainers and mainstream media are convinced most leave voters were motivated by racism and xenophobia, in fact a majority of working class voters cited surrender of national sovereignty to foreign bureaucrats as their main reason for voting to leave the EU.

Pro-Brexit Tories slammed this latest revelation as just another example of concessions by Mrs May. Sir Bernard Jenkin, the Tory MP for Harwich, declared it unacceptable and said it could be rejected in Parliament.

“This is very profound. It is giving a status to the European Court of Justice in the withdrawal agreement that is not accorded to the Supreme Court in the United Kingdom,” he said. “That makes it a deeply unequal relationship and therefore unacceptable.”

Former Tory leader Iain Duncan Smith commented: “This would be akin to saying that a UK citizen living in America could have their rights protected by a UK court.”

A UK government source insisted that the ECJ would not have the final say. “We have categorically rejected any proposal that would see the court of one side decide disputes,” they said.

A draft withdrawal agreement between the UK and bloc already states that a joint committee of officials will consider all disputes between the two sides but apparently and without any authority to do so, Mrs. May has overridden this.

Farage Blames EU Drunkard Juncker For Merkel’s migration ‘CATASTROPHE’

eu-immigration-crisis
(Image: http://www.marketoracle.co.uk )

As German Chancellor Angela Merkel fights for her political life while the immigration crisis theatens to split the coalition which governs germany, former UKIP leader and the man who did more than anyone to ensure Britain voted to leave the corrupt, failing EU, NIGEL FARAGE  European Commission President Jean-Claude Juncker – insisting he should take credit for the ‘catastrophe’ that is the European Union’s migration policy.

The former Ukip leader said the EU’s open doors on immigration has been a “complete disaster”.

Speaking in European Parliament on Tuesday, said: “As citizens look on at changes in their communities that none of them ever asked for, governments will be blamed. But I think it is unfair that everyone is blaming Mrs Merkel for what has happened in Germany.

“Credit is due, I think, to the man on my left, . It was he that opened the doors back in 2015 to a million people crossing the Mediterranean.

“So, I think, credit clearly is due to Mr Juncker for this catastrophe. As borders and walls are being constructed all over Europe, isn’t it about time that everybody here faced a couple of realities?”

Ms Merkel’s political future has been in the balance  for several weeks, since her interior minister, CSU party leader Horst Seehofer threatened to take his party out of the government coalition if the country does not adopt a stronger stance on immigration.

With migration at the centre of discussion at the EU summit at the end of June, European Council President Donald Tusk urged Brussels leaders to get “tough” on migration, warning that “time is short” to resolve the crisis.

What a turn round from a few months ago, when Merkel and Tusk, with the boy Macron in France and Juncker the drunkard were trying to bully anti immigration government to fall into line behind Brussels policy and welcome all comers without any identity checks at all

EU Summit “Dealbreaker” Emerges Hours Before Decision On Merkel’s Fate

 

Suday July 1, 17:00 UK time

This week European leaders were meeting in a desperate bid to agree a common solution to the immigration crisis that is tearing apart the European Union both politically and socially. With Italy having promised to veto any deal to distribute illegal immigrants (bogus refuges and asylum seekers,) throughout member states the leaders were left wiyh few options to consider one of which was a form of detention center called “Disembarkation Platforms,” to be located in northern Africa, where newly arrived migrants could be taken initially for processing of asylum requests.

The intention was that a detailed plan would be agreed during the the major EU Summit meeting held in Brussels over the weekend. The leaders met all day Thursday and then long into the night, finally announcing an agreement at 4:30 am. However, the agreement had no more details than the original proposal, a typical EU get out of agreeing that something needs to be done without saying what can or will be done.

The agreement, an extract of which is reproduced below, confines itself to vague generalisations but says  nothing about how the Disembarkation Platforms would work:

5. In order to definitively break the business model of the smugglers, thus preventing tragic loss of life, it is necessary to eliminate the incentive to embark on perilous journeys. This requires a new approach based on shared or complementary actions among the Member States to the disembarkation of those who are saved in Search And Rescue operations. In that context, the European Council calls on the Council and the Commission to swiftly explore the concept of regional disembarkation platforms, in close cooperation with relevant third countries as well as UNHCR and IOM. Such platforms should operate distinguishing individual situations, in full respect of international law and without creating a pull factor.

That paragraph contains just over 100 words, and it manages to do so while saying absolutely nothing.

No country has volunteered to host a Disembarkation Platform. Algeria, Morocco, and Tunisia have explicitly refused, and a spokesman for one of the three governments in Libya also refused and said that he thought the other two governments would refuse as well. One concern that all of these countries have is that a Disembarkation Platform would encourage jihadist attacks.

But an even bigger political earthquake is about to hit the EU. As we reported the political future of German Chancellor Angela Merkel depended on her securing a deal which would appease members of her fragile governing coalition that have threatened to withdraw support over her failure to deal with the immigration crisis, which has hit Germany particularly hard.

Merkel is fighting for her political future today, Sunday, as conservative rebels in her ruling coalition threaten to withdraw support over immigration as a last minute veto by Visegrad group state throw the deal into doubt. If she cannot convince her main political ally, CSU leader Horst Seehofer, that the deal, which relies on the cooperation of north African states that have already dismissed the idea, will limit immigration into Germany, she faces a political crisis that could end her parliamentary majority and, potentially, her career.


Angela Merkel and Horst Seehofer not seeing eye to eye (Picture: http://www.DW.com )

With an ultimatum thrown down two weeks ago by the CSU to propose a policy on pushing back immigrants into Germany to their nations of origin, or accept the CSU proposal of restoring border controls set to expire tonight, Merkel’s centre-right CDU party and its conservative Bavarian CSU allies are holding separate meetings to weigh the results the EU summit. Seehofer has made his position on the influx of Muslims to his country quite plain.

Merkel had hoped that in the absence of a common solution to the problem, bilateral deals with European migrant discontents – mostly Italy which threatened to veto last week’s summit until the last minute – and German neighbors would be enough to deter Interior Minister and CSU leader Seehofer from overruling her policy decisions by using his authority to order border security to start turning away migrants already registered in other EU nations. Such a unilateral move would force her to fire him, prompting a CSU walkout that would cost her her majority in parliament.

According to a document sent to coalition partners, Merkel sought to assure anti – immigration hardliners in Germany by claiming deals were done with 16 other countries to return already-registered migrants if they reached Germany. The document suggested bilateral deals were “only possible because the chancellor enjoys respect and authority throughout Europe,” Germany’s EU Commissioner and CDU politician Guenther Oettinger said in an interview with the Frankfurter Allgemeine Sonntagszeitung weekly.

But the claimed EU deal looked close to collapse emerged when Italy  and several central European nations including Poland, Hungary, the Czech Republic and Slovakia denied they had agreed to accept returned migrants.

Not only did the news embarrass the German government as it showed Chancellor Merkel does not enjoy widespread respect throughout Europe, where in reality she is held personally responsible for creating the crisis, but false claims about deals not done also caused new conflict with its statement that 14 EU countries had made a “political commitment” to take back refugees who originally arrived on their soil but moved on to Germany. As a result, Germany’s ARD reported that the government leaders in the Czech Republic, Hungary and Poland denied having made any commitment at the summit.

This has prompted fears that a tentative deal could fall apart in the last minute: “Given the different statements from some EU member countries, one can doubt whether all of the decisions at the EU Council will become reality,” head of the CSU parliamentary group Alexander Dobrindt told Bild am Sonntag newspaper.

 

Germany’s DPA news agency reported today that, Seehofer was underwhelmed with Merkel’s achievements and said he was not happy with the results of EU summit which he said is not as effective as turning away unilaterally at Germany’s borders people who have registered already in another EU country. Seehofer also rejected so-called “anchor centres” within Germany.

It looks like the end for Angie Baby as even her own party are fed up of her showing more committment to immigrants than the concerns of German people

Is Germany Disintegrating Like Yougoslavia Did?

All sorts of centralized organizations that appear rock-solid may well melt into air as the disintegrative dynamics gather momentum.

Germany has long been seen as the rock on which the European Union is founded. Never mind that the formation of the EU’s first incarnation, the 6 member Common Market came only a few years after the defeat of the Nazi attempt to unify Europe’s culturally and economically diverse nations as a single political, financial and cultural entity under a common flag, or that the plainly stated goal of the Common market’s founders was from day one the political integration of Europe, somehow the ruling elites were either stupid enough or perhaps, given that they might have been singing from a very different song sheet to us punters, cunning enough to let Germany sieze a pivotal role in this new ‘free trade’ organisation, or that Britain was kept out until German domination was well established.

But with nationalistic feeling resurgent in Italy, Spain, Poland and many of the smaller EU nations and the push for ‘ever closer integration’ encountering increased resistance almost everywhere, suddenly we find that all is not well in Germany, that purported bastion of political and economic stability and social cohestion

Rising political and social discord in Germany, as in the rest of Europe, is generally being attributed to “populism” as the national elites and Brussels bureaucrats try to pretend everything is under control, but  may actually signal the re-emergence of the ancient geographic and cultural fault lines that led to the formation of Europe’s many nations. An often-overlooked manifestation of this might be the nation-state of Germany.

It may be convenient and expedient for politicians and the media to blame “populism” for the fracturing of the status quo in Germany, but to do that is to conveniently forget that Germany does not have the thousand plus year history of some other EU member states such as Britain, Sweden, Denmark, Spain and Portugal (in spite of several hundred years of Muslim incursion,) and Austria, but only became a single nation in 1870 when Otto von Bismarck united a number of independent principalities and grand duchies.

Given the undertones of ethnic/religious bias attached to “populism,” this allows media-savvy politicians to paint opponents as racist by using the the code-word “populist” as a substitute. In fact populist does not equate to racist, Hitler may have been a populist and a racist, but Mohandas K Gandhi was also a populist and a nationalist but nobody would call him a racist.

Labeling dissenters “populists” as the Merkel government and other establishment parties along with left wing extremists like the greens and Marxists have doesn’t explain or predict anything. In terms of economic classes, it’s more insightful to distinguish between the Protected Class (insiders and favored elites) who benefit enormously from the status quo and the Unprotected Class (outsiders, marginalized workers, those without privilege or access to cheap capital).

But this wealth gap doesn’t exhaust the sources of profound social discord. As historian Peter Turchin explained in Ages of Discord, historical eras are either integrative, in which people find reasons to cooperate, or disintegrative periods in which reasons to split apart become dominant. Clearly, the geopolitical order is entering a disintegrative phrase, and dismissing those who dissent from the establishment’s all-joi-hands-and-sing-kumbaya narrative as “populists” is not going to reverse that. For insight on how the disintegrative phase may manifest in Germany, let’s turn to Mark G.’s commentary:

Merkel faces own ‘German BREXIT’ Chancellor’s immigration crisis is ‘Threat to Europe’

The breakdown of the Bavarian CSU and German CDU center-right coalition (refounded post WWII by Konrad Adenauer) is historic. And it has definite regional implications. I think we could be watching the beginning moves not in a “German Brexit” but in the political collapse of the modern German state into multiple components. As I mentioned last year, I personally expect this because modern Germany is a rump survival of Bismarck’s Wihelmine German Empire. It has lost all strategic rationale for its existence. And under Frau Merkel it has almost no military forces and no control of its own borders. Such a ‘state’ cannot long endure.

“Mr Seehofer – who is also the chairman of coalition partner the Christian Social Union (CSU) – has agreed to give Mrs Merkel two weeks to try and thrash out a Europe-wide migration policy with other leaders at the European Council meeting at the end of the month.”

Merkel has zero point zero chance of reaching any Europe-wide agreement on immigration given the present composition of the governments of Austria, Italy, Hungary, Slovakia, Czechia and Poland. Since 2015 all of them have been electorally remodeled into populist based governments with fundamental anti-refugee and anti-migrant views. As an example, when we passed through the Sudetenland last year in Czechia the highway billboards openly proclaimed “No Islam – No Terrorism”.

Their thinking is vastly closer to Seehofer’s than to Merkel’s. Merkel can’t even control her primary CSU coalition partner any further. What is more likely to occur is the German government, or multiple successor German governments, will move much closer to the eastern European position.

And if Merkel attempts to construct a hard left domestic coalition consisting of the CDU, the SDP, the Greens and “The Left” (Die Linke) to continue her present policies, then I expect the CDU itself to experience an internal split and also further hemorrhaging to Alternativ fur Deustschland. Its difficult to see her retaining her position in the CDU after presiding over the collapse of the historic CDU/CSU coalition.

New elections are highly likely in these circumstances. And in the last elections the main Center parties – CDU/CSU and also SDP – all lost significant numbers of supporters to the AfD and Die Linke. Another round at this point will probably produce a much larger AfD, plus political gridlock as the Establishment attempts to ignore the democratic result.

On an anecdotal basis, last year I again met individuals in Rheinland-Pfalz who in 2015 had been members of The Greens. Come 2017 they all had left the Greens and were wavering between the CDU & AfD.

On a related issue: it seems to me the present migration induced political crisis in German politics will cause the PIGS to attempt to rebid and renegotiate the terms of their ECB/IMF bailouts.

In the light of points made in the above extract it is fair to say that Marx’s famous summary of the disintegrative forces inherent in capitalism–“Everything solid melts into air”– aptly describes the core dynamics of disintegrative phases.

germany-map2

If we look at a map of the states which make up modern Germany circa 1866 and ask if the geographic, political and cultural lines visible on this map still pertain beneath the surface of a monolithic modern state. All sorts of centralized organizations that appear rock-solid may well melt into air as the disintegrative dynamics gather momentum.

It would be foolish to compare Germany to Yugoslavia in the early 1990s? But the social and economic problems in Germany  and other European Union member states, 25 years after its founding is a warning signal of the dangers of trying to foist changes beneficial to the elites onto the mass of working and middle class populations. In particular the immigration policy imposed by Brussels of simply allowing in all arrivals has been a social disaster.

The EU’s central bureaucracy along with the main advocates of political integration, Germany and France have long portrayed the union of European states as a political, economic and historical success story. But the downside of this merger is all too often ignored – and this is increasingly endangering its future.

The Maastricht Treaty, the 25th anniversary of which passed last week, was the European Union’s founding document and the point at which all pretence of the EU being nothing more than a free trade area was abandoned. For a few years after the treaty was signed, it seemed that no one was able to recognize the European Union’s innate defects, or those that did were dismissed as right wing reactionaries.

Ever since Maastricht one of the European Union’s faults has been the ineptitude of its attempts to put together a common approach to foreogn policy. First its inability to correctly assess the conflicts in Yugoslavia, which were going on at the time or to exert a moderating influence on the warring parties and to prevent civil wars in the region. Before it even evolved into the EU, the European Community was inconsistent and unconvincing when it came to applying the values it claimed to represent to its dealings with Yugoslavia.

One of the main reasons for this has been the fact that the main EU power, Germany, still suffering an enormous guilt hangover from the 20th century’s two great wars, has declined to act but has by inaction, by failing to lead, prevented the rest of the EU from doing what needed to be done.

With the signing of the Maastricht treaty, Germany transferred not only its economic power and postwar instinct toward non – intervention to the EU but also it’s moral authority. And a bunch of smooth cheeked deal makers, which is what the EU Commission, the committee which effectively controls the EU, are always going to shirk moral responsibility, preferring to take refuge in rules and regulations.  Just like West Germany during the Cold War, the newly constituted union of states was an economic giant, but a dwarf in the foreign policy arena.

This dwarf has barely grown in the past quarter century. Occasional forays into international conflicts while hanging onto America’s coat tails have ended disastrously for the people the effort was supposed to help, while purely diplomatic initiatives  have all failed. Thus today, for example, there is no consistent foreign policy line on the Balkans – and the western Balkans are, again, increasingly unstable.

Meanwhile in Germany, Angela Merkel’s fragile coalition totters on the brink of collapse as the Christian Social Union (CSU), a conservative party which dominates the federal province of Bravaria threatens to quit is support of Merkel and thus bring down her government over her idiotic insistence on maintaining the ‘open doors’ immigration policy that has allowed millions of illiterate, culturally backward and unemployable third world peasants to flood into the country.

“With populist parties AfD (Alternatif fur Deutschland) and FDR (Free Deomcrats) having made vast gains in last year’s inconclusive election, if Merkel falls Germany could end up with an anti – EU coalition vehmently opposed to mass immigration in power. Yet some German states are very left wing and collectivist and would find this intolerable.

So where could federal Germany go from there?

Macron: ‘We Can No Longer Wait’ on Brexit

Le Petit Crapaud Emmanuel Macron, anxious it seems to stake his claim to be regarded as the champion of the ‘European Dream’ (the merging of all the sovereign states that make up the European Union into a single political , financial and cultural entity, in line with the ambitions of Adolf Hitler, Benito Mussolini, Josef Stalin and Napoleon Bonaparte, not to mention Grand Vizier Merzifonlu Kara Mustafa Pasha, because of course any reference to Islamic efforts to conquer Europe would open us to charges of ‘hate speech’ and Islamophobia.

Europe of course does not seem in any hurry to fall into line with this Franco – German bid for glory, in fact under the authoritarian stewardship of its previous champion Germany’s Angela Merkel, the European Union has been brought close to collapse.

Now, just a few days after the British Parliament had declared that Brexit bill had become a law, being signed into law by the monarch, Macron is pushing France’s claim to have replaced Germany as de facto main power of the EU

Previously, Macron reportedly stated that after the UK leaves the bloc, French language to become more important, as the English language won’t be so widely represented in Europe.

Britain is expected to leave the EU by the end of March 2019, but London claimed it was seeking for a two-year transition period in order to smooth out the withdrawal, as well as guarantees of a future relationship with the Union.

A carnival float depicting France's president Emmanuel Macron is part of the Rose Monday parade in Mainz, Germany
© AP Photo / Andreas Arnold/dpa

However, earlier this month the British MPs rejected a proposal, which would have forced Prime Minister Theresa May to negotiate to remain in the European Economic Area and thus continue to participate in the EU single market during Brexit talks.The United Kingdom voted to leave the EU in a referendum on June 23, 2016. Brexit negotiations between Brussels and London have officially started off in June 2017 and are expected to conclude by end of March 2019.

 

Italy hijacks EU conference; new government WREAKS HAVOC at first major summit

A Senior EU official has confirmed Rome is behind the stalled talks in the Belgian capital after a press conference, featuring Jean-Claude Juncker, Donald Tusk and Bulgarian Prime Minister Boyko Borissov.

Express.co.uk has learned Italian Prime Minister Giuseppe Conte has blocked all of the summit conclusions – not just those on migration, which has not even been discussed by leaders of the EU28.

The last time a European Council summit ended with no agreed conclusions was March 2017, which means leaders could be stuck in meetings until the early hours as they struggle to reach an agreement.

An EU diplomat said Rome is “putting a knife on the member states throat” over migration even before the subject is discussed by heads of state.

Italy’s populist government had previously threatened to veto the joint EU statement on migration as German Chancellor Angela Merkel fights to find a European-level solution to avoid a domestic crisis on the issue. The month-old government in Rome argued the words put on the paper were insufficient to address what could become a fresh migration crisis to replicate the summer of 2015.