10. Anniversary of the Euro, 10 Years Closer to World Governance

Posted By Anders On May 15, 2008 @ 00:26 In English, Euromed | 2 Comments

[1] EU, Brussels, May 8, 2008: “As we mark the 10th anniversary of what EU citizens see as one of the most potent symbols of European reconciliation and integration, the Commission today adopted a Communication – EMU@10: Successes and Challenges after 10 years of Economic and Monetary Union – that looks at the benefits but also, and more importantly, at the improvements needed to ensure that EMU works even better in the next decade and beyond,” said Joaquín Almunia, European Commissioner for Economic and Monetary Affairs

“The euro is a resounding success”

The protection provided by an international currency with a market of nearly 320 million people, supported by sound public finances and stable macroeconomic policies, is particularly welcome in these times of uncertainty and worrying increases in the prices of energy and food.
But the experience of its first decade shows that economic policy decisions in one country may have important effects on others. Therefore we need to keep improving the economic governance of the euro area through strong and binding political commitments. We now need to strengthen our coordination of budgetary and economic policies. We also need to step up our international economic strategy. We owe it to the citizens of Europe to ensure that the euro area becomes a vibrant example of growth and dynamism.”

Blessings of the euro
The euro has delivered sustained 1. price stability on a scale that many, if not all, of its members had never previously enjoyed,[1] notwithstanding the recent 2. spurt in inflation caused by soaring global food and energy prices. 3. Interest rates have come down to an average of 5% from around 9% in the 1990s and the 4. abolition of exchange rate costs and risks has spurred internal trade, which now accounts for one third of the euro area’s 5. GDP, up from one quarter 10 years ago. Similarly, intra-area 6. foreign direct investment now stands at one third of GDP compared with one fifth before, showing that the area’s attractiveness has increased markedly. Lower costs of capital have also 7. boosted total private and public investment levels to 22% of GDP in 2007 – a level unseen since the early 1990s.8. Public deficits have fallen to a record low 0.6% of GDP in 2007, compared with an average of 4% in the 1980s and 1990s. Together with the Lisbon Strategy for Growth and Jobs, the overall macroeconomic stability and sound budgetary policies have enabled the euro area to 9. create nearly 16 million jobs since 1999, more than in any recent decade, bringing the unemployment rate down to around 7%.

But it is not good enough, it does need better governance, although on the political front the euro area does not need any new institutions. Better coordination and surveillance of national economic and budgetary policies is needed.

Nonetheless, we can and we must improve the functioning of EMU
1. Growth has been less than impressive in some countries and productivity trends have lagged behind the United States. Despite the growing importance of the euro as an international currency, 2. the euro area is still failing to make its voice heard in international fora. 3. Public perceptions of the euro also do not do justice to its benefits in terms of economic stability, more transparent prices, cheaper credit and easier travel. 4. Finally, the challenges posed by our ageing population and globalisation, which are becoming more pressing and are compounded by the ongoing turmoil on the financial markets and rising food and energy prices, make improving the performance of EMU not just a target but an imperative.

Deepening and broadening economic surveillance.
Deeper surveillance means improving the Stability and Growth Pact’s ‘preventive arm’ to guide fiscal policies over the cycle and take into account the costs that a shrinking and ageing population will put on future generations. We need to take a harder look at the quality of public finances to ensure taxpayers’ money is put to good use!!! And we also need to extend the existing peer monitoring system beyond fiscal policy, in order to tackle economic imbalances and divergences among euro-area members in a timely manner.

The above is interesting, since the EU fired one of its few honest persons: Chief Accountant [2] Marta Andreasen to the EU Commission, because she would not cooperate in fraud!!! The EU court of Auditors has refused to approve the EUs budgets for the last 13 years due to money not accounted for!!

The euro area needs to define a strategy regarding the international role of the euro and make its voice heard on global issues.
As a rule it must agree, and stick to, common positions in order to speak with one voice. Ultimately it must consolidate its external representation and aim to have a single seat in international financial institutions and fora

To the Member states: If you thought the [3] ETS (Emission Trading Scheme) were an extra tax for you – then you are wrong.”
The EU wants it for its globalization motor: the Climate Change combat (cult).”

May 8, 2008, [4] The Independent : David Nussbaum, the chief executive of WWF-UK, said: “Auctioning revenues offer an excellent opportunity for the Government to jump-start the industries that will help us build a One Planet Future.”
But the British Government will not let the EU have these staggering sums which we are to be charged with to no avail, at all !

The EU takes credit and blames  others for
[5] New Europe, May 5, 2008: “A lot of wishing and hoping isn’t working, so European Union officials said they are coming face-to-face with the realisation that inflation can’t be stopped just yet, leading to predictions of a slowdown in growth. The economy is putting on the brakes and slowing to a two percent growth rate in the EU, and will lag again at 1.8 percent next year, officials have estimated. They said this was due to soaring commodity prices, the global financial turmoil and the risks of a US recession taking a toll on the world’s largest economy….

Almunia had strong words for France,
which according to commission estimates is the only Eurozone country that risks breaching the upper three percent limit in 2009. “Any deviation from that forecast in public spending … would lead to a possible excessive deficit in France,” Almunia said. The launch of an infringement procedure against France would represent a major blow to the country just as it prepares to take over the six-month rotating presidency of the EU on July 1.”
The euro area comprises 15 countries. From Jan. 1,  2009,  Slovakia  will join in.

[1] And not forget the [6] Union for the Mediterranean
[7] EU Tunis/Luxembourg May 5, 2008 :The Facility for Euro-Mediterranean Investment and Partnership (FEMIP) and Sanabel, the network of microfinance institutions in the Arab countries, held a conference today in Tunis on the subject “Microfinance in the Mediterranean: what impact?”, which brought together nearly 400 participants to engage in debate with some thirty speakers from microcredit institutions, the banking sector, finance institutions, academia and civil society.
FEMIP’s remit is to promote the development of nine Mediterranean countries (Algeria, Egypt, Gaza/West Bank, Israel, Jordan, Lebanon, Morocco, Syria and Tunisia) by means of loans and equity participations. Its two priorities are supporting the private sector as the engine of sustainable growth and fostering an investment-friendly environment through the creation of efficient infrastructure and appropriate banking systems. FEMIP is now the number one development partner of the Mediterranean countries, where it has invested more than EUR 7.4 billion since 2002, including EUR 1.4 billion in 2007.

Right: The real intention of the euro: The currency of the jig-saw puzzle of the wider Union for the Mediterranean.

Comments: There is a hidden side of the euro, which is deliberately not mentioned.
On Sept. 19,2000,  The Daily Telegraph published an article by Ambrose  Evans Pritchard [8] here and [9] here (unfortunately the direct link which I have often used in my articles has recently been deleted!!), wherein declassified US government papers show that the leader of the CIA forrerunner, the Office for Strategic Services, Donovan, had created The American Committee for a United Europe (ACUE) before 1948, financing  and directing the European movement from the start by means  from the Rockefeller and Ford Foundations, both inextricably associated with Rockefeller´s Council on Foreign Relations – the most powerful but one  body of the world - as well as from the CIA. A memorandum from the European division of the ACUE as of June 11, 1965, advised the Vice-president of the EEC, Robert Marjolie, to secretively strive for a European Currency Union. It was advised to repress debate, until the passing of such proposals would be actually inevitable.

[10] William Jasper writes in 2004:”The Journal praised [11] Mundell as “the chief intellectual proponent of the euro” and the savant most responsible for winning acceptance of a common currency for Europe….
This should have provided all the clues any careful reader would need to understand the globalist game plan. Mundell and the Journal were admitting that, in their vision, the European Central Bank (ECB) was just a steppingstone to a world central bank. The ECB is using its formidable powers to destroy the residual national sovereignty of the countries of the European Union and bring them under the control of one-world Eurocrats in Brussels. A world central bank would do the same thing, but on a global scale. And remember, the Journal says Mr. Mundell’s word is gospel. The end result of the Mundell-Journal vision would be a world economic cartel leading to world political control under the United Nations.

[12] [11]

[12] Dr Dennis Cuddy: ” A single global currency is an important part of this effort to achieve a world government. In that regard Sarah Perry (director of VISA’s Strategic Investment Program) is quoted in THE SINGLE GLOBAL CURRENCY (2006) as remarking in 2001: “When VISA was founded 25 years ago, the founders saw the world as needing a Single Global Currency for exchange. Everything we’ve done from a global perspective has been about trying to put one piece in place after another to fulfill that global vision.” (Today [13] VISA is run by Rothschild).

Nobel prize winner Robert Mundell - left -(known as “the Father of the Euro”) in a speech titled “A Decade Later: Asia New Responsibilities in the International Monetary System” delivered in Seoul, South Korea, May 2-3, 2007, revealed: “International monetary reform usually becomes possible only in response to a felt need and the threat of a global crisis. The global crisis would have to involve the dollar,” and a single global currency would be “a contingency” to this global dollar crisis. As you are aware, the dollar is currently in crisis, plummeting in value.”

Here is a very well-informed [14] video - unfortunately very long -  predicting in 1996 that when the bankers behind the New World Order start removing capital from the market - as they do now, the bank crisis having already cost about [15] 1000 billion  dollars, the oil and food prices are soaring , this pulling our money away - then a giant financial crisis will follow.

Comment: I lived in Germany at the time the euro was introduced. It meant an enormous inflation: Prices doubled within a very short time - and people really felt much poorer. Danes and Swedes voted no to the euro, But now the potential coming EU President, Danish prime Minister Anders Fogh Rasmussen wants to put the euro proviso to the polls again, expecting the incredible international conjuncture based on debts to be accredited to the euro. And the uninformed Danes probably will vote yes this time - ignorant of the real significance of the euro. By the way - a parallel to the euro is a secret plan to fuse the Canadian, US and Mexican currencies into at common  “[16] amero”.

[17] Robert A. Mundell: “If, as seems plausible, a few countries in North Africa and the Middle East also choose to fix their currencies to the euro, the euro area could easily contain as many as 50 countries with a population exceeding 500 million”.
As a layman I cannot help wondering, how it is possible to keep the real value of the euro as the many Muslim countries in North Africa, the Middle East, Turkey and the Balkans  have access to the euro-community through the Union for the Mediterranean. I imagine, this will inevitably lead to a gigantic collapse, where it is much better not being part of the biggest banktrupt estate in history.

The euro like the amero are just intermediate stages on the way to the “globalero”.

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

URL to article: http://euro-med.dk/?p=913

URLs in this post:
[1] EU, Brussels, May 8, 2008: http://europa.eu/rapid/pressReleasesAction.do?reference=IP/08/716&format=HTML&aged=0&lan

[2] Marta Andreasen: http://euro-med.dk/?p=48
[3] ETS (Emission Trading Scheme): http://euro-med.dk/?p=56
[4] The Independent: http://www.independent.co.uk/news/business/news/government-clashes-with-europe-over-carbon-permit-re

[5] New Europe: http://www.neurope.eu/articles/86284.php
[6] Union for the Mediterranean: http://euro-med.dk/?p=565
[7] EU Tunis/Luxembourg May 5, 2008: http://europa.eu/rapid/pressReleasesAction.do?reference=BEI/08/29&format=HTML&aged=0&lan

[8] here: http://en.wikipedia.org/wiki/American_Committee_for_a_United_Europe
[9] here: http://www.policestateplanning.com/euro_federalists_financed_by_us_spy_chiefs.htm
[10] William Jasper writes in 2004: http://findarticles.com/p/articles/mi_m0JZS/is_4_20/ai_n25084237/pg_4
[11] Mundell: http://www.robertmundell.net/Menu/Main.asp?Type=5&Cat=09&ThemeName=World%20Currency
[12] Image: http://www.newswithviews.com/Cuddy/dennis121.htm
[13] VISA is run by Rothschild: http://www.rothschild.gg/clientservices/articles/R5001%20VC%20Banking%20Broc273F9.pdf
[14] video: http://video.google.de/videoplay?docid=-515319560256183936&q=The+money+masters&total=1068&am

[15] 1000 billion  dollars: http://euro-med.dk/?p=764
[16] amero”: http://euro-med.dk/?p=458
[17] Robert A. Mundell: http://www.robertmundell.net/Menu/Main.asp?Type=5&Cat=08&ThemeName=Euro