Financial Crisis: Hope for Resistance Against Erromediterranean Union?

Posted By Anders On January 5, 2008 @ 22:33 In English, Euromed | No Comments

The EU betrays us: Since 1973 it has sold us to Islam through the European-Arab Dialogue (Eurabia - Bat yeor 2005), which was formalized in 1995 as the  [1] Euromediterranean Partnership. According to this treaty a common market as well as financial integration are to take place from 2010 between the EU and 9 North-African and Middle Eastern Muslim countries and Israel. Later Albania, Bosnia, Macedonia and Mauritania are to follow suite. On Dec. 13, 2007 the EU Prime Ministers signed the Constitutional Reform Treaty already rejected in French and Dutch referenda - a prerequisite for the Euromediterranean enlargement– although the President of the European Convent, which composed the Treaty, [2] Valéry Giscard d´Estaing, repeatedly stated  "Europeans are being cheated to joining secretive agreements which the politicians dare not present to them!”. Now MEP, former Belgian Prime Minister [3] DeHaene and Vicepresident of the Convent has also joined the European Council On Foreign Relations (ECFR), initiated by the US Council on Foreign Relations (CFR), the illuminist “invisible government of the US” by [3] George Soros, inner core CFR member, disreputable speculator, bin Laden´s weapon purveyor, and economical criminal according to a French Supreme Court verdict 2006. DeHaene has expressed a wish for the ECFR to provide World Governance. Accordingly the EU declared itself [4] illuminist in a proposal tried in the EU Parliament on Oct. 24, 2007 - which means working for the dictatorial one-world state. And who of us has authorized Mr.Barroso to making the EU an “[5] empire”, the laws and interests of which are [6] to be extended beyond the borders of Europe?
Nevertheless, we trust and love the EU
. Why? Two reasons:

1. We are being kept in a state of complete ignorance about the treason of the EU
to the national states of Europe. [7] Just look :
Philippe Cayla, a former French civil servant, is president of [8] EuroNews, the multilingual and pan-European television news channel subsidized by the European Union. In an [9] op-ed article in Le Monde (January 1) he speaks of the need for the peoples of Europe to be better informed about Europe, and he makes some sweeping declarations about sovereignty:

                      The eurocrats have Europe in a firm grip

“Why speak of Europe? Because the history of nations is ending and the history of Europe has hardly begun. National, economic, commercial and financial sovereignty, as well as military sovereignty, no matter what the nations may say, are finished. These renunciations are definitive, irreversible and so much the better.”
2. The EU claims it made us rich (although Switzerland and Norway are even richer outside the EU), which makes us indifferent to any problems with EU-amorality and its redefinition of democracy to a matter between the EU, bribed/pressurized NGOs, politicians and media.
Our politicians have mainly 2 arguments for the EU to convince us: Money and fear of climate change, which they falsely maintain can be counteracted by concerted global action. And it´s exactly on the issue of climate and environment that EU citizens feel the EU is justified (81 % and 71% respectively according to the EU-Barometer)

EU statistics show our (and Turkish, Croatian and Macedonia) satisfaction according to the

[10] Eurobarometer survey (Sept. 22-Nov. 3, 2007):EU membership is a good thing: overall: 58% (1999 48%)
Danmark: 69%, Germany: 67%, UK 34%, Luxembourg is the top with 82%, UK the bottom wih 34%
, Turkey: 49%.
EU Commission: 50 % have confidence!!! (compared to just 40% i 1999)61% of Danes, 46% of Germans, 22% of Britains, and 17 % of Turks trust the Commission. Mistrust is decreasing: 26 % to 31 % a year ago. .
EU Parliament: Trust in the  EU Parliament: 55% yes, 27% no – stable since 1999
Immigration: 33% think a better handling of immigration would improve the image of the EU

 Multicultural present-day Germany - as divided as  in the days of the GDR

Is my voice heard
?
30% yes
Trust in national government: 34% trust their government whereas almost 60% mistrust them.

Nevertheless, over the past 6 months the [11] trust in the EU institutions has dropped by 9% ! Unfortunately I have been unable to find independent information to compare with.

As for issue 1. above I think we can hope nothing. The euro-communist imperialists are too mighty, and the Europeans too brainwashed and disinformed to run efficient protests against the EU manipulations. Also, information through the blogs has only created a dislike of the EU – but no resistance which can stop the development of the EU “towards its aim of a political community according the [4] illuminist ideal” – which is the one-world state.

However a major financial crisis might spark a popular dissatisfaction and stop the intolerable cries from politicians and employers for an import of more cheap labour

from outside the EU in order to “have still more wellfare and prosperity”. The fact is that the more "labour" we import the less wellfare we have. As far as I can see people rather have so much money now that they don´t know what to do with it. Isn´t the role of economy just to secure a good standard of living? Why does it have to be used as a political instrument for the New World Order´s multicultural society for its destruction of national culture – by means of unlimited import of “labour”? To meet the employers the EU Commissioner Franco Frattini has suggested a [12] Blue Card system with an import of 20 million workers (and their families as well, of course) from countries outside the EU over the next  20 years with built-in right to stay permanently and move freely inside the EU if the have work - the EU thereby being in conflict with the UN-warning against  brain-draining the LDCs and sending them into further misery, which will create unseen numbers of illegal refugees to the EU. Well, they are going to import even more, given the [13] free immigration from the Muslim Euromediterranean countries as promised in Naples in 2003.
As for the Blue Card system, the Netherlands,  Germany and Austria are opposed so far.

Are there signs that a major financial crisis is on its way?
Yes, definitely. And there are several reasons
.
1. Property prices: In 2007 the prices of property began falling drastically in the USA. A couple of days ago the CNN stated the property prices in the US to be the lowest for many years and still falling –the same trend being seen in the UK. In Denmark there is also great difficulty in selling property. About 60.000 houses and flats are for sale in Jan. of 2008, and the prices are steadily sinking in Copenhagen, e.g. Here even [14] January sales are being held with discounts of 10% - of an already lower price 
. And it means many owners have 2 houses to finance for a long period. Which means they can buy less goods - so decreasing the demand for more foreign labour. Not to mention the decreasing need for new homes and craftsmen. Also the [15] prices of private undertakings have fallen by about 15% - and are expected to fall by even another 10% this year due to decreasing money flow for investment from pension funds. Which means  that many houses and undertakings are now  worth less than the credits given to them from banks and credit institutions. Therefore, these institutions have become very restrictive as for credit giving. Alongside with increasing prices this could weaken the demand.

[16] Climate forecast: Threatening financial prospects for world economy

 And it has already led to the bank crisis of “The Northern Rock Bank.
"In total, the Government has now loaned Northern Rock more than £25 billion, with up to a further £25 billion in savings and commercial loans. According to the Treasury, yesterday's announcement will add "hundreds of millions of pounds" to the total taxpayer exposure - though some experts fear it could run into billions - 1.800 pounds a taxpayer" ([17] The Telegraph Dec. 20, 2007).

“The giant Swiss bank UBS unveiled losses of £ 1.7billion, axed senior executives and slashed jobs ([18] The Daily Mail Oct. 2, 2007).
There are a number of banks which have suffered mind-boggling losses after supporting risky mortgage lending in the U.S. The problems at UBS sent shockwaves through the world's financial centres and can only fuel the credit crunch caused by the fact that traumatised banks are unwilling to lend money.”
On a whole these institutions are believed to have lost 100 billion dollars on unpaid credits.

2. Oilprice: These days the [19] price touches 100 dollars a barrel – and there are rumours about 150 dollars in five years – given the present circumstances. In case of war it could happen much sooner. The reason is an increasing demand from India and China, political unrest in the Middle East and in Nigeria as well as dwindling oil stores in the USA. And, of course, speculators´ greediness. Increasing oil price depresses  economic activity, demands more expenses for transport, more expensive goods etc. - thus diminishing the demand for labour. As oil prices will increase – so will inflation.
3. Interest rate movements: From a very low level interest rate has largely doubled within the last two years – making money more expensive to borrow. This could not depress demand and prices – nor the need for foreign labour. Right now the European Central Bank, The bank of England and the Federal Reserve System are in a dilemma: There is too little capital to invest, which should lead to decreasing interest rates. On the other hand there is an [20] inflation of about 3.1% in the EU – well above the 2 % fixed by the ECB – which should lead to an increasing interest rate.
Now the biggest bank in Denmark believes the European Central bank will cut interest rates - which will lead to considerably more inflation, higher prices and poverty among many civil servants with small wages that will not be regulated accordingly. So their decreasing demand might lead to less need for foreign labour.  

"In its annual autumn forecast released in November, the EU commission expected the economic growth in the euro zone to be 2.2 percent in 2008, which had already been revised down from 2.5 percent under a previous forecast. Commission spokeswoman [20] Amelia Torres now foresees the growth might fall well below 2 %".
This could decrease the demand for foreign labour.

[21] 4.Markets for consumption goods (The financial Times Jan. 3, 2008)
The retail sector’s festive reporting season began with a dramatic profits warning . The Christmas  trade electicals and clothing went very bad as well as for other groups. Footfall on the high street was 3.2 % lower than in 2006 for electricals group. Caution tinged with pessimism is the prevailing mood on the high street at the start of 2008, and "dividend cuts to a greater extent than investors are currently anticipating are likely,” said analysts at Credit Suisse

This is the coming hour of truth for the EU: Is it the EU which made us so piggishly rich - or is that just another lie, one which might be an eye-opener to the Europeans?
Let´s hope for an  international financial crisis  and decreasing occupation, so that our national  employees and their trade unions will demand the foreigners to go where they belong. This is the final chance to save Europe from  becoming a Muslim Caliphate. Without a  big crisis this will not  be possible.

But Amelia Torres of the EU:The present strength of the euro has protected us. Of course, the appreciation of the euro may present problems for European exporters, but … protect us from high oil prices, which are in general in dollars," Torres said, "If the euro appreciates against the dollar, that obviously brings down the bill for oil." And the [22] unemployment rate in Germany and Denmark is very low right now.


Article printed from Euro-med: http://euro-med.dk

URL to article: http://euro-med.dk/?p=259

URLs in this post:
[1] Euromediterranean Partnership: http://ec.europa.eu/external_relations/euromed/bd.htm
[2] Valéry Giscard d´Estaing: http://politiken.dk/indland/fakta_indland/article407669.ece
[3] DeHaene : http://euro-med.dk/?p=110
[4] illuminist: http://www.europarl.europa.eu/sides/getDoc.do?type=REPORT&reference=A6-2007-0356&language=EN
&mode=XML

[5] empire: http://www.timesonline.co.uk/tol/news/world/europe/article2056576.ece
[6] to be extended beyond the borders of Europe: http://europa.eu/rapid/pressReleasesAction.do?reference=SPEECH/07/176&format=HTML&aged=0&
;language=EN&guiLanguage=en

[7] Just look: http://www.brusselsjournal.com/node/2829
[8] EuroNews: http://www.euronews.eu/
[9] op-ed article: http://www.lemonde.fr/web/article/0,1-0@2-3232,36-994990,0.html
[10] Eurobarometer survey: http://ec.europa.eu/public_opinion/archives/eb/eb68/eb68_first_en.pdf
[11] trust in the EU institutions has dropped by 9%: http://www.euractiv.com/en/opinion/survey-citizens-lose-trust-eu-institutions-support-membership/art
icle-169271?Ref=RSS

[12] Blue Card system: http://news.bbc.co.uk/2/hi/europe/7057575.stm
[13] free immigration from the Muslim Euromediterranean countries: http://ec.europa.eu/external_relations/euromed/conf/naples/index.htm
[14] January sales: http://www.dr.dk/Nyheder/Penge/2008/01/04/060231.htm
[15] prices of private undertakings have fallen: http://www.erhvervsbladet.dk/article/20080104/news02/701030013/
[16] Image: http://euro-med.dk/billeder/truende-finansskyer.jpg
[17] The Telegraph: http://www.telegraph.co.uk/news/main.jhtml?xml=/news/2007/12/19/nrock119.xml
[18] The Daily Mail: http://www.dailymail.co.uk/pages/live/articles/news/news.html?in_article_id=485129&in_page_id=17
70.)

[19] price touches 100 dollars a barrel: http://euobserver.com/9/25391
[20] inflation of about 3.1% in the EU : http://news.xinhuanet.com/english/2008-01/04/content_7361186.htm
[21] 4.Markets for consumption goods (The financial Times Jan. 3, 2008) : http://www.ft.com/cms/s/0/5a2ca20a-ba39-11dc-abcb-0000779fd2ac.html
[22] unemployment rate in Germany: http://article.wn.com/view/2008/01/04/Germany_jobs_boost/