By Ambrose Evans-Pritchard, "Telegraph," London, I read the 02.12.2011 an excellent analysis on Germany and monetary union, subtitle: "The German people were lulled." It was worth it to me to translate it:
Source: Bloomberg
Enough is enough. Please stop out there to discredit the blogosphere Germany. The Germans are not involved in a mercantilist conspiracy to subjugate southern Europe and auszumelken. You do not have "war by other means", and - heaven forbid that - do not try to build a Fourth Reich.
The German people joined the monetary union from honorable motives, the Germans believed that one should act so as to be good Europeans. It is distressing for them to see these posters in Athens on Syntagma Square, showing chancellor Angela Merkel with a swastika or this sign "Arbeit macht frei" to read.
They gave the D-Mark reluctantly under French and Italian pressure, as the price for achieving reunification. They joined the European Monetary Union with an overvalued exchange rate after the reunification in bladder, thus they got half a decade in a near-recession. Slow and hard they fought their way back to competitiveness by suppressed wages and productivity drove up.
It is perfectly understandable that they're thinking, Club Med should do the same. (But they are of course completely wrong, because Germany was in a position relative to lower the wages a) during a global boom, b) compared to other countries in the monetary union, inflation had, c) and with key figures of the borrowing, even during the bad days were low. None of these factors applies now to Italy or Spain. But the man or woman in the Berlin tram is difficult to explain.)
If the monetary union is now Germany to the mercantile supremacy of forces - a politically untenable position - it is not intentional. (And may for that reason they should have a strong currency, which enhances so that they reflect this fact) they produce good products. The euro is the cause of all problems, not Germany's ambitions or motives. Germany is now in Europe more odious than to any other time since the second World War II - for no other reason than that permitted it, that it is imprisoned in this ruinous monetary experiment.
Chancellor Angela Merkel defended the German Bundestag today in behavior in emotional way. Your country is not trying to dominate anyone, she said. "Politicians have destroyed all confidence," she said. "The German and European unification are two sides of same coin. We will never forget this. "
She has a kind totally right that they continue to Euro Bonds as under the current structure "unthinkable" excludes and sees it as a violation of the German Constitution; looks but that's no real answer to the historic challenge of it at the end of 2011 compared to .
Germany can not turn back the clock. It has now even taken the fateful step of joining the monetary union and for this terrible mistake follows a chain of strategic imperatives.
Just as the wise professors warned that time, the monetary union would inevitably lead to a full fiscal union, as an orphaned currency would not be able to do without an EU Treasury and EU government to support them, but it would be a fiscal union, the no one is accountable, because there is no European democracy, it may still exist.
It would lead to pooling of debt and common budget. Fatally, it would lead to the loss of the sovereign power of parliament to raise taxes and spending. The key feature of the Parliament would slip away towards EU mandarins.
It would lead to the emasculation of the exemplary postwar German democracy.
It would result in the elimination of Germany as lead nation state, even if the flowers remained on the window sill the same. Everything else was an illusion and wishful thinking.
That's what meant the monetary union always and still does, although the trick is to European citizens from zusammengeschummelten, was dishonest contracts which were in turn ratified dishonest.
This is the reason why so many of us on this side of the Channel, twenty years have tooth and nail fought Britain discourage submitting to this toy is not accountable elites, this project our self-government and our constitutional system so fundamentally threatened.
For this reason, Germany is now where it is. Either it has to sacrifice himself and tear down the Bismarck State in favor of EMU or preparing to finance an orderly withdrawal from the monetary union (with the Finns, the Dutch and the Austrians) to the south breathe can and can hope to recover.
This stands for election. Everything else is nonsense, displacement, misting, muddle and self-deception. So it is now obvious that the failure to solve the problem in one way or another, becomes a threat to the global financial system. It threatens to unleash a global depression. Germany has to decide now.
It is a terrible decision. My sympathies are with the German people, which never for a vote on that trapping and fault (the author speaks literally of "infeudation" So for example: use as a fief or fiefs) were allowed its peaceful country and has been deceived by his own terrible leaders and now can not understand why it suddenly becomes the target of such fierce and poisonous global criticism.
The Germans were also victims of this destructive project, the biggest victim of all. Their elites have led to a diplomatic and economic Stalingrad.
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Ambrose Evans-Pritchard reports for 30 years on politics and economy from the U.S., Europe and South America, he has been at the 1991 British "Telegraph," was Washington correspondent and later Europe correspondent in Brussels. Currently Evans-Pritchard is International Business Editor in London.
Tags: Angela Merkel , Stalingrad , Fourth Reich , monetary union
"It is distressing for them to see these posters in Athens on Syntagma Square, showing chancellor Angela Merkel with a swastika or this sign" Arbeit macht frei "to read.
But not painful because we are offended, but because it was painfully is. The EEC and the EU following a project of the financial elites who have served the nation nationalism to violent means to establish a world government. Here, the backers are certainly not set national German. Hitler was merely her tool. When that failed, the same men the EEC and the EU have established, personally, financially, organizationally. Hallstein as a well-known lawyer of blood and soil SS Nazi machine was logical after the war, the first President of EEC. Next Nazi thugs roamed once again in the German and European justice, economics and politics. From the Nazi infection with Nazi money was funded for a Palatine Chancellor. Helmut Kohl. And Aunt Angela made the Stasi to his girl. Who does not believe googling times after Prof. Rath and IG Farben. There, everything is on video, with reference to historical documents (Nuremberg trials) clearly explained.
The truth is that we are not a sovereign state. We are protectorate since 1945, and for any trash that imposes one we must serve the Nazi past as a cheap justification. Each Bantu tribe in Central Africa may (and Austria), choose the chief of the state itself. Our next Federal Kasper, however, again chosen by the federal Bonzenkonklave, but not elected by the people. Our national gold reserves (3,400 tons) With two-thirds in U.S. captivity, and the Yanks have 80,000 soldiers stationed here, including sloppy Atoomwaffen stored in the Eifel region, Iran and any campaign would run on the bases in Germany and Old coordinated even here, so we will want to without it the war party. We just have the wrong "friends".
Excellent report. Show it to Helmut Kohl.
de facto, a raging war between usa and financial continental Europe - and there is unfortunately the brd of the economically strongest state. and if you seriously want all the interests represented eu, european, one would have in this undeclared war clearly related position. But then we also could threaten the fate of Lybia. and if now the greeks, the Nazi-caricature vorkramen - greeks are not smarter than German: a tangible enemy is always better than a quasi-invisible. as well as wallstreet, or just those that dominated the "divide et impera."
Mr. Evans-Pritchard is a mouthpiece for the CoL and goes to his task - to blacken € to dollars and pounds can be saved.
Will not work, my dear.
For fourth theme Empire - the EU is exactly equal to 100% and then the plans devised in the 40s to a "peaceful conquest" by means of a money economy. There were former Nazis by the EU have launched. Therefore, the Greeks certainly right about the posters. This refers not to the German people, but to the "upper" as Chancellor. This pack is required before any state, they are only for major international finance.
What is CoL? The theme of "4 Empire "is a popular polemic. The world view and ideology of the EU is probably the exact opposite of the ideology of the 1940s? If the tendency for large-capacity. No, there were no former Nazis, the EU called into existence. Its ideological roots to the 1920s YeArs. The EU is made by the U.S. and indeed in every detail. Former Nazis were just henchmen, following the motto: If you have skeletons in the closet can be used all the better ...