The most significant exstential threat to the European Union is not the Ukraine war or other member states deciding to follow the UK out of the wannabe Federal Superstate of Franco - Germany but the sovereign debt crisis. The new, and largely imagined threat from Russia after the inevitable fall of Kiev, and the scramble by former military, now bankrupt, powers to rearm is a consequence of that as to a large extent is Putin's confidence that Europe poses no obstacle to achieving his objectives.
Their is a modern myth in Brussels, Paris and Berlin that former European Central Bank (ECB) chief Mario Draghi single-handedly solves the EU's debt crisis when he told the world that he would do “whatever it takes” to save the euro and announced a 'backstop.' It is a convenient explanation because it assumes that the crisis is over.
But Draghi's apparent financial wizardry was nothing more than the removal of Eurozone borrowing limits, so member states were free to keep creating fiat money by issuing bonds underwritten by ... nothing. Thus the crisis could come back sooner than we think, in fact in many respects it has already done so with a vengance. Last time the Eurozone faced financial collapse, it was the southern Europeans who triggered it. This time, it is the northern Europeans with their burgeoning welfare spending and their relentless importing of vast numbers of unskilled, illiterate and innumerate third world migrants.
In 2010, a Greek deficit, overshot by some $20 billion, triggered an EU-wide financial crisis, a paltry amount compared to the extra defence spending European countries are about to commit: $500 billion, by my calculations, every year. The Greek deficit was a finance minister taking his eye off the ball, but our increase in military spending is a life sentence. After 10 years, we will have spent a cool $5 trillion. This is on top of what we are spending already.
To put this into perspective, when the UK Labour government cut off the winter fuel payments to pensioners, that saved them less than $1.8 billion. We all remember the furious political reactions, public opinion backlash and the botched U-turn that destroyed whatever iota of credibility Keir Starmer's government might have had. If the UK was really serious about meeting the Nato 5%-of-GDP target, the UK government would have to spend a cool $100 billion each year. That’s 55 times as much as the savings on the fuel subsidies. In fact, it is more than half of the UK’s entire welfare budget, excluding pensions.
But every West - European nation is in the same boat, numbers that are off the scale everywhere we look, and with the German economic powerhouse that has financially propped up the EU for three decades now transformed by woke policies into an economic shithouse. This week, Nato leaders will met in The Hague to agree the fiscally most impactful decision that politicians have ever committed to in modern history. They do so without an electoral mandate.
None of them campaigned for election on a manifesto pledge to hugely increase taxes in order to return to cold war relationships with Russia, including those who came to power in the years since Putin invaded Ukraine, like Keir Starmer or Friedrich Merz. None of them received a formal mandate for rearmament from the parliaments, which are ultimately responsible for fiscal expenditures in Western democracies.
They are doing this because Donald Trump just pulled this number out of a hat. It was just a number. He could just as easily have said four, or six percent. Nobody did a study beforehand on what Nato actually needs, and how the needed capabilities are best acquired. We are talking about the biggest fiscal programme in human history — because Europeans are dead scared that Trump will abandon us to the Russian bear.
We Europeans live in some of the richest countries in the world, and we are facing an existential threat. So who cares about the cost? Our politicians believe it is important that we bolster our defences to disabuse Russian leaders of any idea that they could test Nato’s security guarantee with impunity. We should not talk ourselves into a war, as some hotheads are doing now. But we should be in a position to fight one.
It is doubtful the new Nato target will help us do this. Given the lack of any political willingness to pool our defence purchases, what will Putin make of our newly announced 5% spending target? He is already spending 6-8% of Russia economic output on defence, but the impact is much higher than those numbers suggest.
European leaders have belatedly realised what an incredibly weak position they are in. The rest of the world is laughing at our
self-inflicted NetZero sabotage, inward migration, deindustrialisation
and lack of resources. Watching European countries virtue signalling governments developing carbon-neutral eco-friendly, trans and queer inclusive woke, armies will be comedy gold.
The test for any joint European force will be if they can defend the Suwalki Gap, which, according to military strategist, is the most likely move for Putin.
Will he? Maybe. Will he invade Poland, or another non ex-Soviet country,
and then take the whole of Western Europe? No. Why would he? Territory is one thing Russia is not short of.
What
resources do we have? We have some nice scenery, a varied cuisine, good
scientists, great architecture and art, but what else is so valuable
that it is worth the expense of trying to maintain control over a
restive and already fracturing population? The road to Paris is no more
feasible than the road to Moscow.
Curtis identified the driver of globalist policy after 9/11 in ‘The Power of Nightmares’,
control of domestic populations through fear and a common enemy. It
explains Iran’s ‘Great Satan’ rhetoric perfectly. Putin, who the media
reliably informed me in 2022 (ad almost every day since,) was about to die of cancer after he invaded
Ukraine, is the last candidate standing, now Iran has (allegedly) been
removed from the threat picture. Strange that these alarmists never mention China.
If the US continues down the isolationist road, contrarians might argue that it is
far more likely we will make peace with The Bear in a few years
time and eventually be part of the same economic group, just as Taiwan
will likely eventually choose to reunify with China once the US has
internally replaced its chip dependency.
We could have been much further down the road to economic cooperation
after 1991 but it would not have suited the US for that to happen, so it
broke the informal, non - expansion agreement Bill Clinton made with Yeltsin and moved the buffer zone into NATO, and
the rest is history.
FROM THE ARCHIVE:
Russian Long Range Missile Test Fuels Nuclear War Fears As NATO Pushed Ukraine To Escalate Conflict
Russia tested its latest intercontinental ballistic missile yeserday, the Satan II has a range of 10,000 miles and can devastate an area of 250,000 square kilometers according to military experts. Bizarrely commentators in mainsteam and online news services portrayed this as a sign of weakness by Russia, though the same people cheered when Joe (Dementiaman) Biden threratened a nuclear response if Russia crossed his 'red lines' in Ukraine ...
We The Good Guys Versus They The Bad Guys Reporting Does Not Make Sense For The Ukraine Crisis
Mainstream media reporting of the conflict in Ukraine has disappointed. Perhaps I was naive to suppose that lessons might have been learned from the hits their print sales and online traffic rates took as a result of their handling the COVID pandemic But instead of focusing on the most obviously newsworthy aspect of the build up to and escalation of the war, Russia’s view of NATO expansion into Ukraine and even further to Georgia and Kazakhstan, news reports have simply demonised Russia and portrayed Ukraine as the good guys.
Even If The War In Ukraine Ends, Sanctions Will Stay - So How Bad Will The Food Crisis Get?
Western leaders, desperate to show their own countries they were taking a firm stance on Russia's invasion of Ukraine, were quick to impose economic sanctions ... so quick in fact that they acted before they had though things through. While freezing Russia out of the global finance system they have exacerbated the wests energy crisis, while Russia's retaliatory ban on raw materials (fertiliser) exports will create extra problems on top of those we already had ...
While Crazy Joe Biden Claims Victory Over Russia, NATO's Expansin Plans Have Been Derailed By PutinJoe Biden (or his handlers because we all know Joe's mind is gone,) have been trying to spin reports of Russian troops withdrawing from positions close to the Ukraine border as a diplomatic victory for the USA over Putin but in the geopolitical game things are seldom what they seem to be ...
Mainstream media's hyping of the threat to Ukrained posed by Russian aggression is the latest in a long line of attempts to lay blame for western foreign policy disasters at the feet of Russia. In fact had Joe Biden not started to babble about Russian aggression, talking up the threat of conflict, there would be no crisis ...
Is The Russian Threat To Invade Ukraine Real Or A Globalist Conspiracy Theory?
Continue reading >>>While Joe Biden's handlers in Washington and Boris Johnson In London talk up the threat of war should Russia invade Ukraine as they claim Moscow is preparing to do,Ukrainian leaders are dismissive, accusing the west of ramping up hysteria in a bid to divert attention from oither problems.
British Government Laundered Fake U.S. 'Intelligence' On Ukraine
The British government on Saturday accused Russia of organizing a plot to install a pro-Moscow government in Ukraine, as the Kremlin masses troops near the Ukrainian border. The U.K. Foreign, Commonwealth and Development Office gave relatively little information about the intelligence unveiled Saturday other than to say that the Russian government was considering trying to make a Russia-leaning former member of Ukraine’s parliament, Yevhen Murayev, the country’s new leader. Continue reading >>>
War with Russia? The latest scare story
As the COVID narrative crumbles under the weight of evidence that the vaccines do not work, masks are useless and lockdowns kill more than they save a new scaremongering narrative - or a revamped old one - is emerging as the threat of war with russia is the latest fear and panic vehicle to scare the people into compliance with tyranny.
Continue reading >>>
Russia - Ukraine crisis: Western foreign policy failures
Mainstream media's hyping of the threat to Ukrained posed by Russian aggression is the latest in a long line of attempts to lay blame for western foreign policy disasters at the fet of Russia. In fact had Joe Biden not started to babble about Russian aggression, talking up the threat of conflict, there would be no crisis ...
Is The Russian Threat To Invade Ukraine Real Or A Globalist Conspiracy Theory?
Continue reading >>>While Joe Biden's handlers in Washington and Boris Johnson In London talk up the threat of war should Russia invade Ukraine as they claim Moscow is preparing to do,Ukrainian leaders are dismissive, accusing the west of ramping up hysteria in a bid to divert attention from oither problems.
British Government Laundered Fake U.S. 'Intelligence' On Ukraine
The British government on Saturday accused Russia of organizing a plot to install a pro-Moscow government in Ukraine, as the Kremlin masses troops near the Ukrainian border. The U.K. Foreign, Commonwealth and Development Office gave relatively little information about the intelligence unveiled Saturday other than to say that the Russian government was considering trying to make a Russia-leaning former member of Ukraine’s parliament, Yevhen Murayev, the country’s new leader. Continue reading >>>
British Government Laundered Fake U.S. 'Intelligence' On Ukraine
The British government on Saturday accused Russia of organizing a plot to install a pro-Moscow government in Ukraine, as the Kremlin masses troops near the Ukrainian border. The U.K. Foreign, Commonwealth and Development Office gave relatively little information about the intelligence unveiled Saturday other than to say that the Russian government was considering trying to make a Russia-leaning former member of Ukraine’s parliament, Yevhen Murayev, the country’s new leader. Continue reading >>>
One Of The Weaker NATO Members Goes Off Message To Prevent War With Russia
Mainstream media has been singing in unison on the Ukraine crisis, just as it has been over the vastly exaggerated risks posed by the manufactured pandemic crisis. Russia bad, war good has ben the mantra throughout the last couple of weeks as the ruling elites tried to turn up the the fear-and-panic generator to eleven [...]The whole Ukraine scare is as false as the pandemic ...
Putin has got Biden over a barrel with Ukraine – and markets know it
We’ve had a number of armed kerfuffles in Europe fairly recently but these were mostly centred on The Balkans and were local affairs [...] The threatened bust up between Russia and the west over Ukraine is much more serious – potentially the worst inter-regional conflict since the cold war, with far reaching consequences for both geopolitical and economic stability if mainstream mediaeports are to believed.
Storm Clouds Gathering Over Ukraine - Or Just The Usual Geopolitical Games
25 January 2022: As the COVID-19 Killer Virus Pandemic narrative crumbles under the weight of evidence that the vaccines don't work and therefore vaccine passports are irrelevant, masks are useless, and lockdowns only trash national economies and destroy businesses, the elites are desperately looking for another scare story to distract public attention from the godawful mess they have made with their globalisation plans, green energy follies and open borders insanity.
Russia Responds To UK's "Very Dangerous" Coup Allegations
23 January 2022: Russia has blasted this weekend's allegations by the UK government that it's planning to install a pro-Kremlin puppet leader in Ukraine. "We have information that indicates the Russian Government is looking to install a pro-Russian leader in Kyiv as it considers whether to invade and occupy Ukraine," the UK statement published Saturday began ...
Europe's Energy Crisis Exposes Green Fraud
Vladimir Putin has been celebrating the recent and much reported European energy crisis, knowing that withouout his doing anything, thanks to the obsessive pandrering to Greta Thunberg and the green lobby political leaders ion the UK and EU member states Russia has been handed control of European markets, with the option of manipulating supply chains and prices at the same time. In the meantime the European nations have failed to sufficiently diversify supply.
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Today: COVID-19 Computer Models Continue To Deteriorate; Covid-19 drags French economy into deep recession the likes of which it has not seen since 1945; Oil Prices Tumble As Russia Balks At Proposed US Production Cut; Kissinger says ‘even US’ can’t defeat Covid-19 alone. His solution? Global NWO government,
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