In nearly every European Union member state, public spending, and in particular spending on welfare and benefits, is accelerating at all levels, from municipalities and social insurance systems all the way up to the European Commission, while the economy of the private sector at best stagnates and its industrial core sectors visibly erode.
The economic imbalance, in which a contracting private sector is unable to finance a continuously expanding state apparatus and the state has to plug the gap by continuous borrowing, is already causing in the bond markets. Yields (real interest rates obtained when governments have to sell their bonds for less than face value, have been rising steadily for years, making the servicing of government debts increasingly expensive. As long as financing the needs of public spending continues to grow under the ruling ideology of an all-encompassing state this financial burden will fuel the need for ever higher taxation and a destructive race among parties of government to squeeze taxpayers at every level. Such an irresponsible approach to financial polit can only result in economic chaos.
But it seems that like America's Democrats, European liberal leaders are prepared to throw away their citizens' prosperity for the sake of virtue signalling.
Naturally, when it comes to fleecing European taxpayers, the European Commission will be at the front from the starting signal. Brussels is currently preparing its seven-year budget framework, set to exceed €2 trillion beginning in 2028.
Apollo News recently reported that the European Parliament is even demanding a further 10 percent increase in this budget ceiling. Excess, wastefulness, and a complete detachment from economic reality are driving the EU’s relentless search for new sources of tax revenue.
To this end, Commission President Ursula von der Squeeze'em-til-the-pips-squeak commissioned the Center for Social and Economic Research (CASE) last year to produce a study examining the potential of a wealth tax across the entire EU.
There is no point in any attempt at a “redistribution” policy, so long as the central redistribution mechanism which leads to an ever increasing wealth gap remains in place: an above zero inflation target.
THIS is the reverse robin hood, distributing wealth from the lower, middle, and upper middle class all the way to the top.
When “money” (or currency, rather) continually loses value (by design!), and “assets” increase in value, then the defining characteristic is how your wealth is split. The closer to the top of the food chain you are, the faster you get rich. This is by design, and nothing can stop it so long as we don’t have sound money with a zero inflation target.
The fiat money system and bank laws grant financiers like Larry Fink and the banks ways to leverage their wealth into multiples of what the capital investment really is. Obviously, the political machines running Europe are following suit but without oversight. The ability of government to borrow against future revenues allows almost infinite short-term revenues. And, the exceptional power to change laws allows the politicos to think they MAKE the future by over spending revenues.
They starve the golden egg-laying goose to allow more spending and when the health of the golden goose becomes questionable the bond markets apply rising interest rates. The politicos become tone deaf and resort to further starvation of the goose.
Government refuses to take heed and instead resorts increasingly short-changing the food going to the golden-egg-laying goose. The goose lays fewer eggs and the government punishes the goose by reducing the quality of the food (reduction in the value of the currency).
When that causes still fewer eggs, the government resorts to plucking the goose through wealth and inheritance taxes. No surprise, the goose produces even fewer eggs. Just watch what happens not just to cities like NYC but to whole countries around the world (Cuba, Venezuela, Zimbabwe, etc.) Total control over taxation by government ends up as self-indulgence by government that ultimately kills the goose.
Only the USA is somewhat protected by its role as issuer of the dominant reserve currency.
While the BRICS+ bloc have plans to engage in currency wars with the aim of promoting the Chinese Yuan as a reserve currency to rival the dollar such a project would take decades to make any serious impact on the balance of world trade
Because other nations will always need to buy dollars to settle international trades, US government agencies and commercial ventures can dictate prices.
And that is how the European Union and other nations like UK and Japan have thrown themselves into a death spiral. But with the governments of the EU and the rest of the developed world hooked on virtue signalling policies like Open Borders and Net Zero, the will to take those hard decisions that could break a nation out of the death sipn just does not exist.
FROM THE ARCHIVE.
De - Dollarisation: China, Brazil Make Deal To Ditch US Dollar For Bilateral Trades
China and Brazil this week concluded a deal to conduct trade between their nations in their own in their own currencies, ditching the established reserve currency for global trade, US dollar as an intermediary, the Brazilian announced said on Wednesday. This is Beijing’s latest strike against the almighty greenback in its currency war aimed at shifting the balance of geopolitical and economic power from west to east.
NATO Rhetoric About Russian Threat is 'Absurd'
The reasons being given for the latest NATO military buildup in Eastern Europe, the idea that the Russian 'Russian threat' to Eastern Europe grows every day is "simply absurd," according to former US diplomat and Senate policy advisor Jim Jatras. Effectively, Jatras says, the buildup is an attempt by the US to keep Germany and France on board with Washington's world domination agenda and ...
Naked Bankers Go For Gold
... That gold sale in 2013 was a naked short. The seller had no gold to sell. COMEX reported having gold only equal to about half of the short sale in its vaults, and not all of that was available for delivery (quite a lot of it belonged to the german government) In effect the naked shorting of gold could only work because really the right hand was selling to the left hand.
The Demise Of Dollar Hegemony: Russia Breaks Wall Streets's Oil-Price Monopoly In a move that went almost completely unreported in mainstream media, Russia has recently opened a market for the trading of physical and 'paper' oil (futures) in Moscow in Roubles. This is the most blatant challenge yet to the domination of the US dollar in world trade.
WMD in Mayfair
Recalling yesterday's Machiavelli Blog which commented on events surrounding the unfortunate death of the alleged former Russian agent Alexander Litvinenko, it seems the murder investigation has now found evidence of many caches (well OK, traces) of radio active toxins in various fashionable establishments in London's West End frequented by former Russian intelligence agents.
China launches global yuan payment system
China’s Central Bank has started a global payment system which provides cross-border transactions in yuan. The China International Payment System (CIPS) intends to internationalize the yuan and challenge the US dollar's dominance.
NATO Rhetoric About Russian Threat is 'Absurd'
The reasons being given for the latest NATO military buildup in Eastern Europe, the idea that the Russian 'Russian threat' to Eastern Europe grows every day is "simply absurd," according to former US diplomat and Senate policy advisor Jim Jatras. Effectively, Jatras says, the buildup is an attempt by the US to keep Germany and France on board with Washington's world domination agenda and ...
Naked Bankers Go For Gold
... That gold sale in 2013 was a naked short. The seller had no gold to sell. COMEX reported having gold only equal to about half of the short sale in its vaults, and not all of that was available for delivery (quite a lot of it belonged to the german government) In effect the naked shorting of gold could only work because really the right hand was selling to the left hand.
The Demise Of Dollar Hegemony: Russia Breaks Wall Streets's Oil-Price Monopoly In a move that went almost completely unreported in mainstream media, Russia has recently opened a market for the trading of physical and 'paper' oil (futures) in Moscow in Roubles. This is the most blatant challenge yet to the domination of the US dollar in world trade.
WMD in Mayfair
Recalling yesterday's Machiavelli Blog which commented on events surrounding the unfortunate death of the alleged former Russian agent Alexander Litvinenko, it seems the murder investigation has now found evidence of many caches (well OK, traces) of radio active toxins in various fashionable establishments in London's West End frequented by former Russian intelligence agents.
China launches global yuan payment system
China’s Central Bank has started a global payment system which provides cross-border transactions in yuan. The China International Payment System (CIPS) intends to internationalize the yuan and challenge the US dollar's dominance.
Refugee Crisis Or Existential Battle With USA for Europe
It has been clear for some years now that the USA, backed by its main NATO and EU military allies the UK and France (the FUKUS axis has been trying to provoke Russian into firing the shot that will be heard around the world and recognised as the startiung signal for World War Three.
Nothing is ever as it seems to be however, and views from middle east and far eastern journals suggest the USA is also working at destabilizing EU nations in order to force their support in its wars.
The European People’s Party (EPP) is the largest political group in the European Parliament, and they are unerringly supportive of America's efforts to start a war with Russia. “The time of talk and persuasion with Russia is over," MEP and Vice-President of the EPP told a meeting on Tuesday, 21 April, “Now it’s time for a tough policy, and concentration on defence and security ...”
The Mediterranean Boat People Crisis - How Does Europe Deal With The Mediterranean Migrant Crisis
The numbers of migrants trying to cross from the Libya on the coast of north Africa to one of the EU's southern nations is increasing. Europe's impoverished southern nations can't cope. And in the better off nations of northern Europe immigration is a toxic issue which is fuelling the rise of anti EU parties from France to Finnland in the north and Hungary in the east. What can be done?
This Is Why The US Just Lost Its Superpower Status According To Larry Summers
As more and more countries flock to join the Chinese led Asian Infrastructure Investment Bank after Britain, France Australia, India and other traditional US allies defied Washington to associate themselves with China's initiative, conservative economic pundit Larry Summers once a contender for the chairmanship of the Federal Reserve delivered a sharp rebuke ...
The True Debt Disaster America Faces - Only A Fraction Of Government Debt Is Known To The Public
Politicians and the media talk about the $17 trillion debt the US Government owes to creditors. They are lying, the $17 trillion is a fraction of what america owes. The real figure is $200 trillon. And Obama's loonytoons economics are driving that up at an accelerating rate.
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.
Does It matter If The Dollar Is Replaced?
"Without delving too deeply into Austrian economic and capital theory, just let me point out that money printing disrupts the structure of production by fraudulently changing the “price discovery process” of capitalism. Capital is allocated to projects that will never be profitably completed. Bubbles get created and collapse and businesses are suddenly damaged en mass, thus, destroying wealth. (Zero Hedge)"
What the BRICS plus Germany are really up to in the Currency Wars?
The move led by Russia and China to dump the Petrodollar has escalated into a currency war, not the kind of war we assciate Obama with but give him time. Some wars as in Ukraine, by proxy are not going so well. Others, like the one against Islamic State aka ISIS aka ISIL in the middle east are going worse. Disintegration of The American Economic Empire is manifesting itself in moves by wannabe global players towards creating a multipolar world ...
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From Powerhouse to budding Basket Case in a single generation since the Fall of the Wall. Not for nothing was Mutti Merkel educated at Karl Marx University Leipzig.
End of History or merely end of the beginning. Fool those dolts in the West they’ve won, disappear into forest and reappear in Schwarzwald under cover of party with suitable three-letter acronym. Easy peasy. Plenty of Greenery for camouflage.
Also not for nothing AfD heartland in the old East, where they know which side their bread was not buttered on. West’s luxury believers’ luxuries feeling the squeeze. Electric Trabants are coming soon.
Germany is just one example within a Europe - wide trend: Europe is economically, culturally and spiritually bankrupt. Increasing debt, struggling economy, mass migration, low birth rates, insane policies and among the political leadership a general lack of ideas about how the problems could be solved.
Something in the continent broke, its hard to say when when, but somewhere between the end of World War 2 and the signing of the Maastricht treaty which turned a free trade and economic cooperation bloc of nations into a purely political entity, the European Union.
FROM THE ARCHIVE:
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 ...
German Election: Will Another Term For Merkel destroy German Economy
According to the latest round of opinion polling ahead of the German elections, Angela Merkel looks set to become the joint longest-serving modern German chancellor, that’s despite having been accused of "putting problems on the back burner, and staved off several attempts to indict her on treason charges for her role in the immigrant crisis. Business organisations have also raised doubts about the economic consequences of re-electing her, warning that her new term may bring “stagnation” for Germany.
Majority of Germans Favour Snap Election as Merkel Coalition Talks Stumble
There appears to be no end in sight to Germany's crisis of democracy as the European Union's most populous and economically powerful state continues to stumble along without an effective government. Coalition talks between Chancellor Merkel's CDU/CSU and the left wing Greens and classical liberal Free Domocrats have stalled over irreconcilable policy demands.
Germany Sees Fourfold Rise in Terrorism-Related Cases
According to a report in the Welt am Sonntag, Germany has experienced a huge rise in the number of terror-related cases in just one year, with prosecutors having dealt with more than 900 cases so far in 2017, compared with 250 cases initiated throughout 2016. Around 700 Islamic extremists now living in Germany have been identified by the Federal Criminal Police Office (BKA) as posing a potential terror threat.
A Week Before Election 30% Of German Voters Still Undecided
Polling companies in Germany are indicating that support for Chancellor Angela Merkel’s conservative Christian Democratic Party is still slipping with the election only one week away. More disturbingly perhaps for Hausfrau - Volkfuhere Merkel is the news that over a third of Germans are still unsure how they will vote. An opinion poll published today (15 September) on Friday showing the number of undecideds was not coming down fueled uncertainty about the kind of coalition that will emerge from an election on September 24.
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Merkel Faces Crisis As German Ruling Coalition Collapses
German Chancellor Angela Merkel faces a crisis in her ruling coalition after Bavarian Premier Horst Seehofer demanded she take steps to halt the tide of illegal immigrants entering the country. To have any chance of surviving, the government must present new initiatives for controlling illegal immigration, deal with the critical situation on the Austrian border ...
New German Coalition in Peril as Potential Partners Clash over 200,000 Annual Migrant Limit
Reports that German Chancellor Angela Merkel has agreed a proposal from coalition partner and leader of the Christian Social Union (CSU) Horst Seehofer to limit the number of asylum seekers in Germany to 200,000 per year to secure a ruling coalition may be somewhat premature. Other coalition partners are not as positive on the policy.
Merkel Calls for Beginning of Coalition Talks With Greens, Free Democratic Party
German Chancellor Angela Merkel officially announced on Saturday for the first time that her conservative bloc of the Christian Democratic Union (CDU) and its Bavarian sister party Christian Social Union (CSU) will seek to form a coalition government with the centre right Free Democratic Party (FDP) and left wing loony Greens.
Elections take place in Germany this Sunday, September 24, for the federal assembly (Bundestag) and the presidency (Chancellor). While Angela Merkel looks set to win a fourth term as Chancellor and the most likely outcome of the election is another "Grand Coalition" between Christian Democrats and Social Democrats that coalition will be a much-weakened if late polls are to be believed.
More news from September 2017
So there you have it, the 'radical left' are sponsored by one of the nastiest, greediest corporate capitalists ever, a shameless advocate of global totalitarian government proposed by theelistist socialist group The Fabian society over a hundred years ago and towards which these supporters of 'oligarchical collectivism' have been working ever since.
In Parallel With The Upheaval In European Politics, A Similar Cataclysm Is Happening In The USA Having reported for three or four years now the rise of the anti - Integration parties in European Union member nations, UKIP in Britain, the FN in France, AfD in Germany, Denmakr's Peoiple's Party, Five Star and the Liga Nord in Italy, the Sweden Democrats and others in every E U member state, we now look at what is going on in the USA as campaiging for the presidential election gathers pace.
Back to Contents tableWar On Cash - A Country By Country Guide
EU Stitch Up To Promote Euronazi Selmayr Is Typical Of The EU’s Contempt For Democracy "2018-03-15T20:12:22+00:00"> Martin Selmayr – would you buy a used car from this man? (Image: Daily Mail) The former Prime Minister of little Luxembourg (population less than Leicester,)Jean-Claude Juncker who now struts the world stage as if he is important, has worked one of the slimiest political stitch ups ever to ensure his favourite sycophant and chief … Continue readingMore on the global war on cash being waged by ruling elites in parallel with their war on privacy as they try to exert total control over everything.
Re-Branding Dissent - The Quiet Destruction Of Democracy
Many people, all the contributors to this publication among them, fear that democracy is being destroyed. OK, OK, hipsters will say but ‘we’ve never had democracy’, or, ‘it was destroyed long ago’, but left wing deceit aside, I think its worth actually thinking about how, many forms of democratic expression, effective dissent and peaceful self-determination are being outlawed and abolished in a sustained attack on free speech and civil rights.
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
Obama's Terrible Trade Pact Is a Scam That Must Be Stopped Says Jim Hightower
Google Has Become A Threat To Democracy Authored by Mike Krieger via Liberty Blitzkrieg blog, About 10 years ago, Tim Wu, the Columbia Law professor who coined the term network neutrality, made this prescient comment: “To love Google, you have to be a little bit of a monarchist, you have to have faith in the way people traditionally felt about the king.” Wu was right. … Continue readingHaving written a book on the evil trade treaty that will transform the democratic nations into corporate oligarchies, we step aside and hand the baton to Jim Hightower of Alternet who is equally outraged about the iniquities of TTIP's equally evil twin, TPP.
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.
Democracy: Does It have A Future Or Has Global Totalitarianism Won?
Democracy Hating Leftie Judges Choose Self Interest Over Justice Yesterday judges in the UK High Court joined the band of traitors in Parliament, the Civil Service, the Bank of England and the media who are trying to overturn the democratic vote to take Britain out of the European Union. The judges ruled in favour of a challenge to the vote, even though it has … Continue readingThe General Election in Greece (January 2014) could have much wider effects than most elections in small nation, the vote could decide the future of the European Union and have a major breaing on whether democracy can survive the push towards government by a global, corporate oligarchy. It look like being an interesting few months if the anti - EU party wins as polls suggest they will.
Greece Votes On Whether Its People Have Any Future The voters of Greece will choose today, whether their country, the cradle of democracy, has a future of not. They are voting in a general election which could result in Greece trying to renegotiate the terms of its bailout with international lenders and even quitting the EU if the expected victory for hard line left wing party Syriza.
The leader of Syriza, Alexis Tsipras, has pledged to write off much of Greece's huge debt and revoke austerity measures ...Luxembourg defends massive corporate tax dodging
Over the past week the whole media circus, mainsteam and broadcast, new media, bloggers, the world and his dog, was getting excited about the revelation that traditional tax haven but also founder member of the EU, Luxembourg has been facilitating wholesale corporate tax dodging and this 'business' was given the all clear by the then Prime Minister of the Grand Duchy,
European Commission puts business profits before the needs of the world’s poorest.
While the left try to win elections by creaming 'racist' and 'bigot' at anyone who disagrees with their pro - EU, pro - globalisation, immigrant - loving, gay - loving, paedophile loving authoritarian agenda, thus pissing off the social class who make up the Labour Party's core vote, the thinkers amongs us are seeing the European Federalisation, Agenda 21, Global Government project for what it ius ... Adolf Hitler's dream come to fruition
Privatization of Water as an Owned Commodity Rather Than a Universal Human Right
Corporate powers and the United Nations are planning on privatising water resources including rainfall, yes you did read that right, privatising the rain. The CEO of food processing bastards Nestlé spoke of the plan last year when he said companies like his had a right to make money from sellling OUR water, now those Stalinisdt shits at the United Nations and The World Bank are planning to steal the stuff life depends on.
Representative government Is Being Replaced By A Global Technocracy
Europe Rape Epidemic caused by immigrantsWhen Peter Mandelson, the architect of the New Labour project that gave Britain it's most authoritarian government in three hundred years and sold out national sovereignty to supranational bureaucracies, says that representative democracy is dying, he does not sound as if he will be one of the chief mournners. What can we do to rescue our democratic freedoms from smooth faced technocrats like Mandelson?
Sharia law zones in European cities
Immigration omnibus
Germany Immigration Problems
Sweden's national suicide by immigration
Ed Butt's page on Germany's Immigration Crisis
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