Posted on 11/13/2011 3:47:46 PM PST by bruinbirdman
Europe’s scorched-earth policies have begun in earnest. The inherent flaws of monetary union have created a crisis of such gravity that EU leaders now feel authorized to topple two elected governments.
As I long feared, the flood of cheap credit into Southern Europe and the slow death of Club Med industry by currency asphyxiation have together created such a dangerous situation for world finance that informed opinion is willing to turn a blind eye to EU sovereign trespass. Some even applaud.
The Greeks were ordered to drop their referendum on measures that reduce their country to a sort of Manchukuo, with EU commissars "on the ground", installed in each ministry, drawing up lists of state assets to be liquidated to pay foreign creditors.
Europe had the monetary and fiscal means to contain the EMU debt crisis long enough for Greeks to give or withhold their crucial assent to this ultimatum in December.
It chose - under German-Dutch pressure - not deploy those means. Instead it forced Greece to capitulate by cutting off an agreed loan payment.
In Italy, the European Central Bank has engineered the downfall of Silvio Berlusconi by playing the bond markets, switching purchases on and off to enforce compliance with its written dictates ("La Lettera"), and ultimately allowing 10-year yields to spike to 7.45pc to drive him out.
Europe’s president Herman Van Rompuy swooped in to Rome to clinch the Putsch. "Italy needs reforms not elections," he said.
We are not that far from use of EU judicial coercion, and then EU police power, and ultimately EU "border troops" - for those old enough to remember Soviet methods of fraternal assistance.
Chancellor Angela Merkel tells us that peace in Europe can no longer be taken for granted, and she is right. Her own
(Excerpt) Read more at telegraph.co.uk ...
“Euro-putsch” is the best way to put it. Not a single soul in the USA will like what comes out of this.
How long before Merkel herself falls?
Germany won’t conquer europe, quite the opposite. Europe will conquer Germany and use her treasury and her people to feed themselves.
Euro-socialist parasites screaming as their credit cards are maxxed out.
“Three fifths of a score years ago our fathers brought forth upon this continent a new nation...”
A financial “Dred Scott case” or just a hiccup? Is a “Missouri Compromise” neccessary between the North and the South? Will it be Ft Sumter?
Nah, I think they’ve integrated too far. Germany will rule.
Europe had the monetary and fiscal means to contain the EMU debt crisis long enough for Greeks to give or withhold their crucial assent to this ultimatum in December. It chose -- under German-Dutch pressure -- not deploy those means. Instead it forced Greece to capitulate by cutting off an agreed loan payment. In Italy, the European Central Bank has engineered the downfall of Silvio Berlusconi by playing the bond markets, switching purchases on and off to enforce compliance with its written dictates ("La Lettera"), and ultimately allowing 10-year yields to spike to 7.45pc to drive him out.
Never have I seen such pomposity as this President. He reads other men's words from a teleprompter. Even when he visited a school to meet the children, the teleprompter was front and center.
Daniel 8:9 And out of one of them came a little horn which grew exceedingly great toward the south, toward the east, and toward the Glorious Land.
Look at a map of the Middle East. Egypt lies to the south. Toward Iraq east and toward these United States, the glorious land.
We are not that far from use of EU judicial coercion, and then EU police power, and ultimately EU "border troops" -- for those old enough to remember Soviet methods of fraternal assistance. Chancellor Angela Merkel tells us that peace in Europe can no longer be taken for granted...
War?
Even A E P has his price and it has been met.
But, bless him, he was not a cheap whore, he wants the entire savings of northern Europe.
What's happening to Greece is minor stuff.
The question I would ask the leaders of Greece, Italy and the other relevant nations is this: What did you expect when you abdicated your sovereignty to the eurocrat socialists in Brussels?? You sold your soul, and now payment is coming due.
Germany, because of its central position, industry, and financial strength, has always been able to rule Europe, especially when the French cooperate with them. Better German democratic hegemony than Kaiser Bill’s or Hitler’s.
What's going to make her fall? Her position is unassailable, and all the European leaders are doing exactly as she says.
How long before Merkel herself falls?
Don't know what you base that on. The EU was Germany's baby right from the beginning.
Germany won’t conquer europe, quite the opposite. Europe will conquer Germany and use her treasury and her people to feed themselves
I've heard propaganda like that before. What Germany is doing to Europe now is not like anything Britain ever did. Don't ask Germany or the EU to suddenly recognize Greece's independence from the EU, like Britain recognized Argentina's independence back in 1825.
The Brits did this to Argentina about a century ago. They owed debts they didn't intend to pay so the Brits took over. They organized the cattle industry and built railroads
Clymer
True for individuals too.
Ammend that.
Baby Clymer, Clymer understudy, Clymer wannabe.
Clymers don’t squeeze tisue.
ping
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.