LATEST: EUObserver 11 Aug. 2011:  France is now staggering (under the bail-out burden) and has to introduce new austerity measures or increase taxes. Societé Generale slumped 21 percent at one point. The tumble is the product of growing worries of French financial institutions’ exposure to Italian debt: estimated to be some €410 billion.

LATEST: Deutsche Welle 4 Aug. 2011: Markets fell sharply throughout Europe after the President of the European Commission expressed doubts about the efficacy of the European rescue fund designed to bail out struggling members of the euro currency zone. “It is clear that we are no longer managing a crisis just in the euro-area periphery,” he warned, in comments likely to have a destabilizing effect among European political leaders. Barroso said that developments in Italy and Spain - Europe’s third- and fourth-largest economies, respectively - were a “cause of deep concern”.  Jean-Claude Trichet, the ECB chief, described the risks faced by the European economy as “unusually high.”

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Summary:
The EU has quietly completed its development of the economic dictatorship and Union statehood entitled by its self-adopted Lisbon Treaty/EU Constitution rejected by the few Europeans given the opportunity to vote for it. Already this spring it was clear that this was about to happen. But now the final piece of the jig-saw puzzle has been laid: The attempt to bail-out Greece and other struggling eurozone countries raised the prospect of a two-speed European Union with far closer ties between countries using the euro compared with those that remained outside. Nicolas Sarkozy said  “Our ambition is to seize the Greek crisis to make a quantum leap in eurozone government,” and mentioned an EU Treasury/ a European IMF.  Of late the replacement of  Euro and Dollar  is ready: The world currencies, the Bancor und the SDRs of the IMF.

Peter Osborne of the London Telegraph writes: “The consequences of the European fiscal union: First, it will mean the economic destruction of most of the southern European countries. Thanks to their membership of the eurozone, peripheral countries such as Greece and Portugal – and to an increasing extent Spain and Italy – are undergoing a process of forcible deindustrialisation. Their economic sovereignty has been obliterated; they face a future as vassal states, their role reduced to the one enjoyed by the European colonies of the 19th and early 20th centuries. Germany is busy turning into one of the most dynamic and productive economies in the world. Germany has come very close to realising Bismarck’s dream of an economic empire stretching from central Europe to the Eastern Mediterranean. This is the final realisation of the dream that animated the founders of the Common Market  – which is one reason why so many prominent Europeans have privately welcomed the eurozone catastrophe, labelling it a “beneficial crisis.” The debt crisis reminds of 1929 - boding troubled times.

Back in 1929, politicians and central bankers assumed that the convertibility of national currencies into gold was a law of nature. European politicians have developed the same superstitious attachment to the single currency. They are determined to persist with it, no matter what suffering it causes, or however brutal its economic and social consequences. After yesterday, Europe will cease to be a collection of nation states. It will have one economic government, one currency, one foreign policy. This integration will be so complete that taxpayers in the more prosperous countries will be expected to pay for the welfare systems and pension plans of failing EU states (Transfer union).

At the same time, the EFSF is to be granted additional, pre-emptive competencies to prevent the euro crisis from spreading to additional countries. The EFSF will have the ability to buy state bonds on secondary markets  in order to support debt-ridden euro-zone countries.  The moves do indeed mean that the EFSF increasingly resembles the IMF. It will now be allowed to grant pre-emptive lines of credit to countries under pressure on the financial markets. It will also be allowed to assist in the recapitalization of stricken banks.”

Frank Schäffler, finance expert  from the FDP Board of Directors: “There is now no government guarantee of the German Federal Government for savings any more. There are a lot of analyses being withheld from the Germans in the mainstream media. One thing is certain: Above all, the German pensioners are among the first victims of the bailout.”
This  Bismarck-dream of a European economic empire was re-established at the Strassburg Meeting between SS-officer Dr. Scheid and Nazi German Industrialists in a plot in 1944: Industrialists were to smuggle money robbed in occupied areas by the SS to Switzerland and elsewhere. Herman Abs from the board of  Rockefeller´s IG Farben - of which Auschwitz was a daughter - and Ludwig Erhard were some of the post-war finance people who under the supranational mantra developed the “Wirtschaftswunder” to be the paymaster of the EU - which is thus based on nazi-money. The EU is closely affiliated to the big corporations, e.g. through the European Round Table of Industralists and the Bilderberg Club. This kind of government was by Mussolini called “fascism”. The EU-Commission is now a full-blown, unelected, undemocratic permanent government of an EU Union State.

The euro bail-out is a conspiracy against democracy (The Telegraph 23 July 2011)

Eu_surveillanceWhile people are on summer vacation and others have their attention on the Oslo massmurderer the EU has quietly completed its development of the economic dictatorship and Union statehood given to it by its self-adopted Lisbon Treaty/EU Constitution rejected by the few Europeans given the opportunity to vote for it. The Irish were intimidated to vote yes in the 2. round. A No is never respected – new referenda follow, until a “Yes” is achieved. Then no more referenda will ever be given. As Sakozy says:“Referendums on the new European Union Treaty were “dangerous” and would be lost in France, Britain and other countries.” The EU masterrace despise their citizens.
This increased power is to be used for unpalatable NWO purposes. Already this spring it was clear that this was about to happen, as the European Growth and Stability Pact was decreed for the Euro union – and immediately joined by wagging politician minions, e.g. Danish politicians, from outside without any media information – although the Danes have refused the euro!!! Moreover, the decrees of the EU Commission were agreed to be a matter of consensus – not to be criticized or even rejected by the national leaders in the European Council. Moreover, all EU countries subjected themselves to the “European Semester”: They are obliged to have their national budgets approved by the EU Commission before submitting them to national parliaments. This was good-bye to national sovereignty by stealth. No one informed or told us!!
The reason is the influence of the meticulously  planned and here crisis on the economically impossible political project, the intermediary of the world currency, the Euro as well as on the Dollar.  The suspicion of an imminent also planned and here introduction of the world currency to replace them is obvious.

Now follows the precursor of an EU Treasury – the EFSF!
Eu-eating-uropeThe Telegraph 26 July 2011: The attempt to bail-out Greece and other struggling eurozone countries raised the prospect of a two-speed European Union with far closer ties between countries using the euro compared with those, such as Britain, that remained outside. Nicolas Sarkozy said he hailed it as “a historic moment” that would provide “bold and ambitious” plans for the creation of an embryonic EU treasury in the form of a European Monetary Fund. “ Our ambition is to seize the Greek crisis to make a quantum leap in eurozone government,” Sarkozy said.

In response, eurozone leaders meeting in Brussels were drawing up a deal that would effectively use money from successful northern economies such as Germany to support the budgets of indebted nations in southern Europe. Angela Merkel, the German Chancellor, was forced to cave in to French demands to significantly extend the role of the EFSF, to which Germany provides more than a quarter of the funding. German officials said Mrs Merkel was braced for a major political row as taxpayers in Germany recoiled from a step that will redistribute their money to highly indebted Mediterranean countries.

Merkel-sarkozy-460-doneThe Telegraph 22 July 2011 Peter OsborneHistory has seen many attempts to unify Europe, from the Habsburgs to the Bourbons and Napoleon. This attempt is likely to fail, too.
Nothing could have been more calculated to create civil disorder and national resistance than yesterday’s demented move to salvage the single currency.

Consider the consequences of European fiscal union. First, it will mean the economic destruction of most of the southern European countries. Indeed, this process is already far advanced. Thanks to their membership of the eurozone, peripheral countries such as Greece and Portugal – and to an increasing extent Spain and Italy – are undergoing a process of forcible deindustrialisation. Their economic sovereignty has been obliterated; they face a future as vassal states, their role reduced to the one enjoyed by the European colonies of the 19th and early 20th centuries. They will provide cheap labour, raw materials, agricultural produce and a ready market for the manufactured goods and services provided by the far more productive and efficient northern Europeans. Their political leaders will, like the hapless George Papandreou of Greece, lose all political legitimacy.
While these nations relapse into pre-modern economic systems, Germany is busy turning into one of the most dynamic and productive economies in the world. Despite the grumbling, for the Germans, the bail-outs are worth every penny, because they guarantee a cheap outlet for their manufactured goods. Germany has come very close to realising Bismarck’s dream of an economic empire stretching from central Europe to the Eastern Mediterranean.This is the final realisation of the dream that animated the founders of the Common Market  – which is one reason why so many prominent Europeans have privately welcomed the eurozone catastrophe, labelling it a “beneficial crisis”

Wall-street-1929Today’s predicament contains terrifying parallels with the situation that prevailed 80 years ago, although the problem lies (at this stage, at least) with the debt rather than the equity markets. Such recessions herald a long period of economic dislocation and collapse. Indeed, the 1929 crash sparked a decade of economic failure around much of the world. So we live in a very troubling period.
Back in 1929, politicians and central bankers assumed that the convertibility of national currencies into gold was a law of nature, like gravity. European politicians have developed the same superstitious attachment to the single currency. They are determined to persist with it, no matter what suffering it causes, or however brutal its economic and social consequences.

It is almost impossible to overestimate the importance of the decision which European leaders seemed last night to be reaching. The eurozone has taken the decisive step to becoming a fiscal union. So long as the settlement is accepted by national parliaments, yesterday will come to be seen as the witching hour after which Europe will cease to be, except vestigially, a collection of nation states. It will have one economic government, one currency, one foreign policy. This integration will be so complete that taxpayers in the more prosperous countries will be expected to pay for the welfare systems and pension plans of failing EU Never-have-so-few.states (now apparently including  Italy, too.

Spiegel 22 July 2011: Euro-zone heads of state and government agreed on Thursday evening to a second emergency aid package for Greece “and some other things.” Angela Merkel exuded satisfaction and said it had been an “important day.” The new package provides for €109 billion worth of credit for Athens. The majority of the fund comes from the euro backstop fund known as the European Financial Stability Facility (EFSF) and from the International Monetary Fund (IMF). Private creditors are to contribute an additional €50 billion by 2014 via a combination of debt buybacks and swaps.

At the same time, the EFSF is to be granted additional, pre-emptive competencies to prevent the euro crisis from spreading to additional countries. The EFSF will have the ability to buy state bonds on secondary markets  in order to support debt-ridden euro-zone countries. It is a further step in the direction of the kind of transfer union that Germany has long insisted must be avoided. The moves do indeed mean that the EFSF increasingly resembles the Washington-based IMF. It will now be allowed to grant pre-emptive lines of credit to countries under pressure on the financial markets. It will also be allowed to assist in the recapitalization of stricken banks.

SpargeldKopp Verlag 22 Juli 2011: The FDP financial expert Frank Schäffler is considered prudent. He now said as clearly as no other politician before, what threatens German citizens: “Without severe cuts of heavily indebted countries, a real creditor participation now and an exit route from the euro zone it  finally means that in the end the savings of many people in Germany will be called into question”. Schäffler is a member of the FDP board of directors. One thing is clear: There is now no government guarantee of the German Federal Europes-political-map-lef-006Government for savings any more.

There are a lot of analyses being withheld from the Germans in the mainstream media. One thing is certain: Above all, the German pensioners are among the first victims of the bailout.

The Map left shows how the neolliberal corporative NWO governments of Europe are spreading (The Guardian 28 July 2011). The socialist governments are equally keen on EU dictatorship.

Kopp Verlag 22 Juli 2011:  Der FDP-Finanzexperte Frank Schäffler gilt als besonnen. Er sagte jetzt so deutlich wie kein anderer Politiker zuvor, was deutschen Bürger droht: »Ohne harte Einschnitte für die überschuldeten Staaten, eine wirkliche Gläubigerbeteiligung jetzt und eine Ausstiegsmöglichkeit aus der Euro-Zone wird am Ende das Sparvermögen von vielen Menschen in Deutschland in Frage gestellt«. Schäffler ist Mitglied im FDP-Bundesvorstand. Klar ist: Es gibt heute keine Staatsgarantie der Bundesregierung mehr für deutsche Sparguthaben.

Es gibt viele Analysen, die man den Deutschen in den großen Medien derzeit weitgehend vorenthält. Sicher ist: Vor allem die deutschen Rentner werden zu den ersten Opfern der Rettungspakete gehören.

Comment
New American 5 Aug. 2011 The bailout postpones a default until all of the toxic bonds are off-loaded from the balance sheets of private banks and onto the backs of European taxpayers. Then governments — especially Greece — will default and leave the public holding the bad debt. Many analysts still expect the EU and the euro to eventually crumble under the brewing storm. Central-bank money creation and government bailouts will never solve the problems wreaking havoc on global markets.
Billederred-2dhouse-2dreportThe dream of Bismarck of a European economic empire was re-established at the Strassburg Meeting between SS-officer Dr. Scheid and Nazi German Industrialists and more here in the plot in Strassburg in 1944 .

On 10 August 1944 a secret meeting  was held at the Red House in Strassbourg. A French spy was present, and in November he wrote a report of the meeting and sent it to the U.S. secretary of state: Obergruppenfiihrer, SS Offzier Dr. Scheid told the convened Industrialists that the war was unwinnable. It is now up to the industrialists to secure the future of Germany after the war, building up the 4th Reich for the Nazis to take over at due time. The industrialists were to use the foreign connections of surviving German companies. Participants were inter alia representatives from Volkswagen, Krupp and Messerschmidt. The 4th Empire should be an economic empire. Nazi Germany sent very large sums of money through Switzerland - stolen from the occupied countries of Europe - not least by the SS, who ran a very large financial empire. After the war, 1948, Germany therefore  allegedly possessed more capital than 1936.

Some of the major Nazis were leading figures in the development of the EU. Hermann Abs of the boards of Deutsche Bank and 40 other Nazi firms, including Rockefeller´s IG Farben with a branch at Auschwitz, was the man who created a powerful business empire after the war, which was the basis of the EU. He distributed the Marshall Aid among German firms, and he was the main financial advisor to Konrad Adenauer. At the same time Ludwig Erhard, protégé of the hanged war criminal Ohlendorf,  flourished. He realized that the financial empire would be built under the supra-national mantra. Thereby, the economic miracle (Wirtschaftswunder) would be able to develop properly. Therefore, he was also behind the European Coal and Steel Union- the beginning of the EU.

So, did the 4th Reich of the Nazis become reality? Yes, unfortunately - and it is called the European Union – built on nazi money.
The EU is closely affiliated to the big corporations, e.g. through the European Round Table of Industrialists and here – as well as the Bilderberg Club. This kind of government was by Mussolini called “fascism”. The EU Commission is now a full-blown, permanent, unelected government of an EU Union State.