Britain is in trouble. The USA, with multiple crises, is in bigger trouble. But the EU - well they are truy up shit creek without a paddle.
Last week we heard that Germany is facing a €147 Billion budget deficit over the next couple of years and yet Germany is owed over €1 Trillion from the Eurozone Target2 inter national central bank settlement system. It sits as "electronic IOU'S" on the Bundesbank balance sheet item 9, as a putative asset. When are they going to recognise they have been ripped off by the usual "club med" economies and demand to have cash rather than IOUS which are impossible to spend ?
According to economist David Blake's article " Target2: The Silent Bailout System that Keeps the Euro Afloat: a key underlying problem is that the Eurozone does not satisfy the economic condi-tions for being an Optimal Currency Area, i.e., a geographical area over which a single currency and monetary policy can operate on a sustainable, long-term basis. The different business cycles in the Eurozone, combined with poor labour and capital market flexibility, mean that systematic trade surpluses and deficits will build up because inter-regional exchange rates can no longer be changed." (download the full article,)
Essentially Germany is stuck with an unrecoverable debt or risk bankrupting several EU central banks and thus wrecking the Euro and probably the EU too.
What most people do not realise however, is that the EU is a bureaucratic dictatorship. All the power is with the unelected Commision, MEPs have no power, as their job is to implement the directives from the commision. Having worked at the EU administrative centre in Luxembourg I became familiar with EU law and the truth about the EU, which is that the EU always wanted to be an empire.
Yes, ruled by the Commissars of Brussels following the plan layed down by Germany following the Convention of German Economists in 1941, the European Union wanted to rule Eurasia with a bit of North Africa thrown in. Just Google <Walter Funk and Die Europaischewirstschaftsgemeinschaft>. Also look up Arthur Noble on the same subject. Interestingly this plan involved the de-industrialisation of the UK and the Rep.of Ireland because of the 'damage' we supposedly inflicted on Germany after 1914-18. This was undoubtedly applied during our membeship of the EEC/EU but the RoI have obviously been let off, no doubt due to their neutrality during 1939-45.
Le Pen Calls For Referendum To Stop “Submersion” Of France Via Mass Immigration
Marine Le Pen, leader of the French Rassemblement National (National Rally) has called for a referendum on immigration policy to stop what she called the “submersion” of France via a “globalist” program of mass immigration. Speaking in a debate on problems caused by mass immigration, Le Pen told the French Parliament that the political establishment had betrayed French people ...
Germany Heading ForPolitical Instability After European Assembly Elections?
Chechen Islamic Police Now Enforcing Sharia Law On Streets Of Berlin
German Interior Minister Demands Tougher Asylum Laws After ‘Orgy of Violence’ Mob Attack
Macron Vows to Fight ‘Islamist Separatism’ with New Reforms
French President Emmanuel Macron has declared his government will fight against “Islamist separatism” with reforms including ending residency for foreign imams. Page ContentsYellow Vests Protest Merkel-Macron Plan To Integrate Defence, Foreign Policy
The left wing wankerati will not doubt be screaming about racism and xenophobia when they learn of the latest exploits of the German Yellow Vest movement who were out protesting against the latest step Hausfrau - Volksfuhrer Merkel and The Boy Macron have taken towards politically integrating Germany and France, on which Original Boggart Blog and The Daily Stirrer have been following developments ...
Residents Of Paris Suburb With Migrant Ghetto Feel ‘Abandoned’ as Crime Surges
In the areas where [ migrants ] have congregated, usually places with a surfeit of run down municipal housing the lawless behaviour in the migrant communities is causing problems for French people. Despite promises from government to increase police presence, residents of the 18th arrondissement of Paris say they feel abandoned as crime rises in the area.
LITTLE ISTANBUL: Turkish Muslims have made Germans feel like foreigners in their own country When Turks buy a building, they don’t allow any German people to move in. The next thing you know, there is a mosque and soon the whole neighborhood has become a ‘NO GO Zone’ for non-Muslims.
'Islam Doesn't Belong to Germany' - New Interior Minister
While mainstream media was hailing the political mastery of Hausfrau - Volksfuhrer Merkel in negotiationg a new coalition deal to keep her in power for another four years, after Germany had been without a government for almost six months, The Daily Stirrer (and other alt_news sites to be fair) warned that the new government of Europe's most powwerful economy was fragile and full of holes. Only days after Merkel was sworn in for a fourth term, the holes in her coalition started to appear ... Continue Reading">
After Triggering Mass Migration Crisis, Germany Bribing Foreigners To Leave Though Angela Merkel clings to power the effects of her 'open doors' immigration policy damage Germany. It may amuse nationalists to observe as, with one face the pledges support for a United Nations initiative to open all national borders, while with the other she tries to persuade German voters she has listened to public opinion and understands her mass immigration policy is abhorred by a majority of voters ...
Migrants Riot And Use BATTERING RAM To Smash Through E U Border Checkpoint
today used a home-made battering ram in an attempt to force their way through a border control point between greece and Macedonia. They also threw rocks at police, who retaliated with tear gas. The migrants destroyed a gate on the border but Macedonian military personnel were on hand and it is not clear if any actually managed to get through the broken gate ... (immigration)
Migrants Mass At Greek Border Waiting To Cross Into Europe
An estimated 6,500 undocumented travellers were assembled at the Idomeni camp on Greece’s northern border with Macedonia on Saturday according to news feeds, after four Balkan countries announced a daily cap on migrant arrivals. The log jam began after Macedonia began refusing entry to Afghans and imposed stricter document controls on Syrians and Iraqis, slowing the passage of migrants and refugees to a trickle ...(immigration)
EU Enlargement Commissioner Accuses Russia Of Flooding Europe With Migrants
We have learned that The European Union’s (EU) Enlargement Commissioner has claimed Russia is working to destabilize the continent by flooding it with migrants from Tajikistan and Turkmenistan. This sounds like one of brussels' crazy and incompetent attempts to demonize Russia in the hope of eroding EU members opposition to the all out war the USA, Turkey and Saudi Arabia have been pushing for ... (immigration)
NATO Warships in the seas Odysseus Sailed Spell Trouble For EU
In an apparent effort to reduce the flow of migrants making their way from Turkey to Greece across the Aegean Sea, and because of the mistrust between the nations on either side of that body of water, pressure has been put on NATO (of which both Greece and Turkey are members)by the EU to deploy ships to the Aegean Sea ... (immigration)
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Hmmm....
2015 January Gazprom announces Nord Stream 2
2016 January Initial planning and Construction of Nord Stream 2 starts
2017 April Poland tries to block Nord Stream 2
2018 January Germany approves Nord Stream 2 in its waters and where it makes landfall
2018 May Construction of the landfall starts at Greifswald Germany
2019 January US ambassador in Germany, tries to stop the project threatening sanctions.
2019 April EU gas pipeline amendment regulations are passed, making
Nord Stream 2 pointless, but construction now over half complete, continues
2019 December US Senators warn of more sanctions if construction continues
2020 May German energy regulator refused an exception from new rules that require
Nord Stream 2 to separate gas ownership from transmission.
2021 June Putin announces first string of Nord Stream 2 completed
2021 August Dusseldorf court upholds EU gas pipeline amendment regulations making
Nord Stream 2 pointless
2021 September Putin announces second string of Nord Stream 2 completed, total cost of
construction around £10 billion
2021 October Russia starts building up troops on Ukraine border threatening war
2021 November Russia has over 100,000 troops on the border
2021 November German regulator suspends regulation of Nord Stream 2
and EU gas prices rises 17%
On 22.02.2022 German Chancellor Olaf Scholz suspends certification of Nord Stream 2
On 24.02.2022 Russia invades Ukraine
Things that make you go Hmmm.
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