Latest:

Nov 19, 2011

GERMAN LAWMAKERS WARN OF WAR IN EUROZONE IF EU POWER GRAB CONTINUES

*CAMERON AND MERKEL AGREE TO EU POWER GRAB OVER NATIONAL BUDGETS AS PART OF “STABILITY UNION”
*NO MORE TAXATION WITH REPRESENTATION PLANNED FOR THE EUROZONE
*BANKER TECHNOCRATS TO REPLACE ELECTED GOVERNMENTS
*GERMAN LAWMAKERS WARN OF WAR IF CENTRALISATION OF POWER IN THE EUROZONE  CONTINUES
*GERMAN FINANCE MINISTER THREATENS UK WITH EURO
A new  variation of the false Left/Ring wing paradigm to distract people from the bankster take-over of the eurozone and the UK has dominated newspaper headlines today.
A false conflict between UK Prime Minister David Cameron and German Chancellor Angela Merkel  has been manufactured by the mainstream media to deflect attention from the way both leaders are actually furthering the interests of the mega banks and accelerating the transformation of the eurozone into a totalitarian super state.
Bankers have already replaced elected governments in Greece and Italy as Europe morphs in to the  „United States of Goldman Sachs“ .
Elected governments across the eurozone are now set to lose the power to determine their national budgets altogether under new plans for a „stablility union“ agreed by Merkel and Cameron in Berlin today.
The mainstream media has lamely attempted to disguise the fact that Cameron is acting as a puppet for the UK side of the global offshore banking cartel by portraying Cameron’s agreement to this totalitarian „stability pact“ as a concession made in exchange for something important for the UK.
What might that be? What does the UK really have to gain from allowing Brussels or a Greater Germany to set the national budgets across the eurozone, extinguishing the last flame of democracy in Europe, and fanning the flames of war?
 Cameron has given an EU superstate the greenlight in return for promises by Germans to drop a pseudo push for a tax on financial transactions on the City of London.
In fact, a financial transaction  tax would probably be far less expensive for the UK taxpapyers  than the billions being given in bailouts to the UK and eurozone banks.
A financial tax would help put an end to the bankster machinations which are sending interest rates on national debt spiralling out of control across the eurozone and pushing up the cost of bailouts UK tax payers are expected to fund. A financial tax would do much to stabilise the eurozone and keep it democratic and prosperous. It might also lead to the UK rebuilding its manufacturing base.
The UK economy needs an unregulated City of London like it needs a hole in the head.
When will the people in England finally wake up to the fact that the mega banks and privatised money are ruining their country’s economy? When will they realise that the austerity budget pushed through by Bilderberg George Osborne will drive the country deeper into debt – and leave it without a functioning police force, army or higher education system.
The Telegraph was quick to dismiss the statement by German Finance Minister Wolfgang Schäuble that the euro will be foisted on the Brits sooner than they think as a comedy turn.
“[Schäuble] told the paper that he thought Europe would one day be united under a single currency, though it would take a little while longer. But he added: “It will probably be sooner than many people believe today in the British Isles.”
It’s a fascinating insight into the view from Berlin. But critics may say the comments make Herr Schäuble Europe’s Comical Ali – the Iraqi information minister who against all evidence insisted there were no American troops in Baghdad,” writes The Telegraph.
The reality is far less cheerful.
The UK economy is on its death bed – and Osborne is administering the final lethal doese of poison. Some currency has to replace the pound after it has been destroyed. The Bank of England cannot keep printing money to pay the interest on the souvereign debt forever. At some point, there will be hyperinflation and bankruptcy.  If the pound is not going to be replaced by the euro, then just what will replace it?
In view of the fact that Cameron refuses to stand up for the rights of any other eurozone country to decide their own national budget, there is little reasont o hope that he will stand up for the right of the people in the UK to determine their national budget in parliament or their own currency at some future date.
Cameron is forced to put on a theatre to hoodwink the Tory backbenchers, falsely portraying himself as a protector of national interest. 
Merkel is also obliged to put on a piece of theatre for her rebellious electorate, increasingly aware of the scale of criminality and incompetence of the EU elite.
As Ambrose Evans-Pritchard points out, the Germans will have to pay the lion’s share of the trillions of euros associated with the inevitable bankruptcy of the eurozone – either directly by austerity  or indirectly by hyperinflation. And bankruptcy is inevitable. 
http://www.telegraph.co.uk/finance/financialcrisis/8897775/Asian-powers-spurn-German-debt-on-EMU-chaos.html
The US government declared itself bankrupt 20 years after the 1913 Federal Reserve Act authorized a private central bank to loan money to the government at interest.
http://www.infowars.com/a-plea-for-freedom/
The eurozone could become bankrupt much sooner. In fact, bankruptcy looms just 12 years after the euro and eurozone central bank, the ECB, was set up authorised to give liquidity only to 6,300 private banks. These commercial banks create 97% of the eurozone’s money supply out of thin air and they charge interest.
That means, 97% of the money used in the eurozone is owed to private commercial banks and it has to be paid back with interest.  
The only way to  pay that interest is to increase the money supply by borrowing more from the same private banks at interest, leading to an ever growing mountain of debt and also inflation.
 Charles Crawford explained the exponential way debt grows in any private money system based on interest and compound interest and the catastrophic impact of a high interest debt burden on Italy at a time when its economy has virtually stopped growing.
http://blogs.telegraph.co.uk/news/charlescrawford/100118251/eurozone-crisis-are-the-germans-bluffing-or-not/
Artur P Schmidt estimated that Italy’s debts are set to double every ten years if it has to pay an interest rate of 7% on its souvereign debt at a time when its economy is faltering. Greece’s debts are also set to double every 3.5 years at an interest rate of 20%.
Instead of addressing the root cause of the mountain of debt smothering the eurozone —  the disasterous impact of the privatised money supply on the economies of Europe, the UK – as well as the stifling straitjacket of the euro currency on the southern eurozone economies, Cameron and Merkel plan to give the bankers a blank cheque to bypass elected governments, draw up budgets and extract as much money as they want from the people across the eurozone under the pretext of the need for fiscal restraint.
They hope that people are clueless about how the elite manipulate public opinion, and clueless about how the fractional reserve banking system really works.
The pair of banker puppets seem to be purposefully stirring up war in the eurozone to deflect attention away from their role in the coming collapse. War has been a favourite means of the elite to eliminate populations they have impoverished.
To finance a really large scale global war, the ECB will have to be allowed to print money. My bet this will happen soon as the elite get more desperate to start a major conflict to divert from the collapse of the eurozone and USA.
But a local, regional eurozone conflict can be funded by Germany. It can also borrow money at a comparatively low interest rate to boost ist weapons manufacturers and army.
FDP lawmakers Burkhard Hirsch and Frank Schäffler today warned that establishing a centralised government for the eurozone risks fanning the flames of war in Europe.
http://www.mmnews.de/index.php/politik/8898-hirsch-euro-rettung-gefaehrdet-frieden-in-europa#13192093309532&if_height=342
It is inconceivable that the Greeks, Italians, Spaniards and Irish, let alone the Germans, will tolerate banker puppets in Brussels setting austerity budgets and looting their economies for much longer with the complicity of local political elites.
CDU politician Volker Kauder has been provocatively declaring that the whole eurozone now „speaks German.“
The reality is, he has lost control of large parts of his own party along with Merkel. Even Die Welt admits, the grassroots members of the CDU have launched an unprecedented rebellion against the authoritarian and incompetent leadership.
http://www.welt.de/print/wams/politik/article13714233/Sogar-Merkel-wird-es-zu-bunt-in-der-CDU.html
Stock market expert Dirk Müller noted that 50% of the Germans now own only 4% of the country’s total wealth while 2% own 40% of the economy. Low wages, welfare benefits, high unemployment and national debt characterise Germany’s economy in 2011.
The accumulated capital of the country’s phenomenal export success has been directed by the ECB into the southerrn eurozone countries creating credit and property bubbles.
German economist Hans Werner Sinn notes that Germans may never see any of the ECB Target2 payments of 450 billion euros again.
An internal putsch to remove Merkel, Schäubel and other bankster puppets in Germany by the grassroots members of the CDU and CSU cannot happen too soon to avoid a collapse of the eurozone and major conflicts.
The brutal removal of Greek Prime Minister Andreas Papandreou from office for daring to propose a referendum and the installation of a central banker Lucas Papademos — who played a key role in doctoring Greece’s national accounts — should be a warning to everyone, including the Germans and Brits.
More riots swept Athens yesterday as Greece’s economy shrunk by another 5.5 in 2011 and unemployment has reached 15.4%, under the EU, ECB and IMF austerity budget.
All of the eurozone, and the UK, will soon look like Greece if Cameron and Merkel get their way.
The time has come for the people of Europe, the UK and the USA to unite and demand sound public money. If we don’t, we may soon be forced to pay for these national debts with our lives.
________


Related:

Instead Of Relenting To Demands To Let ECB Print, Germany Is Preparing To Kick Countries Out Of Eurozone

Rumor Rerun: EURUSD Soars On News Proposal ECB To Lend To IMF “Gaining Traction”

Does the European Union have an Expiry Date?

Obomber moves to legalize cluster munitions


World Socialist Website 

The Obama Administration is pushing to allow the use of a weapon prohibited by an international treaty because of its indiscriminate killing and maiming of civilians, particularly children. The US is seeking clearance for all cluster munitions made after 1980 even though the weapons are currently banned by 111 states that have agreed to the Convention on Cluster Munitions (CCM).

Cluster bombs 
The BLU-97 is a US bomblet used Iraq, Afghanistan, Yugoslavia, and Yemen. The yellow clylinder explodes into fragments, while a metal cone on the inside forms into a projectile that can pierce tank armor. In Afghanistan, these weapons were dropped at the same time as yellow food rations. Civilians picked up the yellow bomblet duds in error, causing grievous injury and death.
The anti-personnel weapon is designed to inflict mass casualties. Cluster bombs and artillery shells are filled with hundreds of even thousands of “bomblets,” which disperse at random, and on impact, explode into thousands of projectiles that rip through bodies and structures. Perhaps most maliciously, they have a very high failure rate, which leaves countless duds scattered across a landscape, liable to explode at the slightest touch.

The 2011 Cluster Munition Monitor estimates the global total of cluster munition casualties in the last half-century is between 20,000 and 54,000. The vast majority of victims were affected after a conflict had ended. The munitions are sometimes brightly colored and can be mistaken for toys, leading to horrific deaths and injuries among children.

The broader treaty on arms control, the UN Convention on Certain Conventional Weapons (CCW), bans such weapons as mines and incendiary devices, but as of yet has not prohibited cluster munitions. Negotiations are underway in Geneva on this subject, after years of obstruction from the major users and producers of cluster munitions—Russia, China, and above all the United States.
cluster grenade 
This US bomblet was used by the hundreds of millions in southeast Asia, and millions of duds continue to plague the population forty years after the conflict. The closeup on right shows metal balls cast into the shell that become a maelstrom of molten-hot projectiles on impact, specifically designed to maximize injury to humans.
The failure of the CCW treaty to address cluster munitions prompted the creation of the CCM as a separate treaty. It went into force in August, 2010, obligating over 60 countries that have ratified the treaty to destroy their stockpiles and prevent usage or sale of the weapons.


The United States is by far the largest historical user and stockpiler of cluster weapons, followed by Israel. The US and Israel both refused to join the Convention on Cluster Munitions. The same is the case for other large producers and stockpilers, such Russia, China, India, Pakistan and Brazil.

Although the US is not a member, the Obama Administration is now leading an effort to invalidate what modest effect the CCM treaty has had. It has proposed a treaty, as part of the CCW, which would allow the use of all cluster munitions made after 1980 for twelve years after the treaty comes into force. This covers practically all the stockpiles of cluster munitions, as weapons older than 1980 are past their service life anyway. Moreover, all recent usage of the weapons has been with models made after 1980.


The treaty would exempt cluster munitions with a failure rate of less than 1 percent, an easy target when manufacturers self-report failure rates. Israeli-made M85 rounds supposedly had such a rate, but when the weapons were used in 2006 in Lebanon, experts found the failure rate to be over 10 percent.
Finally, the treaty would place no restrictions on the use of weapons with one self-destruct mechanism, which, contrary to the claims of multi-billion dollar defense companies, still leave large numbers of unexploded submunitions on the ground.

Non-profit organizations that have pushed the CCM ban on cluster munitions have universally condemned the US proposal. Human Rights Watch states, “It is unprecedented in international humanitarian law to adopt an instrument with weaker standards after one with stronger standards has already been embraced by most of the world’s nations.”

Steve Goose, chair of the Cluster Munition Coalition, said, “this is clearly an attempt by the United States and other countries that have not banned cluster munitions to provide political and legal cover for any future use of the weapons.”

Four major powers that have banned the weapons—Germany, France, the UK, and Australia—have announced they support the US treaty. As current members of the CCM, Germany, with 67 million submunitions, and the UK, with 39 million submunitions, have destroyed half of their stockpiles.
In a climate of increased national tensions in Europe, with the potential for the breakup of the Eurozone, the adoption of the US treaty by European powers would amount to one further step towards re-armament.

As for the United States, the impact of its use of cluster munitions continues to have devastating effects.

On September 29th, 13-year old Koeun Vutha and his 22-year-old friend, Sdeung Makara, played with cluster bombs found in a field while tending cattle in the Dangkor district of Phnom Penh, Cambodia. Koeun was killed, while Sdeung was seriously injured in his chest and hands from the explosion of five bombs.

Sixteen more bombs were found in the field by police, dating back to the extensive US bombing of southeast Asia during the Vietnam War. Over a ten-year period US planes dropped cluster bombs an average of every 8 minutes, making the area the most heavily bombed in the world.

An estimated 80 million unexploded bomblets remain in Laos. Three children between the ages 9 and 11 died this May in the Savannakhet Province when they came across a bomb while foraging for bamboo.

In addition to children, farmers are also at enormous risk. Millions of bomblets sunk into the perennially moist soil of the largely agricultural region in Laos. iWatch News tells the story of Ladoune, who knew as a child to avoid the bombs, and successfully moved safely around one near his village when young. Last fall, as he stoked a backyard fire, a bomblet—hidden just feet from his family’s home—exploded in his face, costing him and eye and a finger.

“Ladoune is in his early 20s. His vision is mostly destroyed and his future is uncertain. He wonders how he will care for his wife and two young children. There were assurances of help from the government and aid agencies but none materialized, he said. He’s still waiting for a promised glass eye. ‘Who do I blame? What’s the use?’ he asked.”

Ladoune is one of 300 Laotians injured or killed each year from US bombs. In Vietnam and Cambodia, the picture is similar.

The US also dropped cluster weapons on a large scale in Iraq in 1991, in Yugoslavia in 1999, Afghanistan in 2001-2002, and Iraq again in 2003-2006. Untold thousands were killed and injured in these strikes, and civilians continue to face dangers on a daily basis in targeted regions.

The Iraq War was the last known usage of cluster weapons by the United States prior to the development and passage of Convention on Cluster Munitions. Though the US did not join, the treaty organizers claimed the adoption by other nations would pressure the United States and other major users to follow suit.

Instead, on December 17, 2009, the Obama administration carried out one of the most lethal uses of cluster munitions possible—a cruise missile attack in Yemen that killed 44 innocent civilians, including 14 women, 21 children, and 14 people alleged to be “militants.” This was perhaps the first use of a cruise missile as a delivery system, rather than a bomb or artillery shell, expanding the weapon into the realm of targeted assassination.

The so-called treaty on cluster munitions pushed by the US in Geneva provides a legal foundation for the use of such weapons. As such, it seems that the 2009 attack in Yemen is only a prelude of what is to come.

HOT Germany's Secret Plan for a European Super State

From Economic Policy JournalNOVEMBER 18, 2011:


It is now clear that Nigel Farage had good reason to be upset with the direction that the eurozone is going in.

London's Telegraph is reporting on a secret memo out of Germany. The memo details a plan by Germany to prevent a British referendum on the overhaul of the European Union.

In other words, the banksters, via German Chancellor Angela Merkel, want to takeover all of Europe, changing all kinds of rules for their benefit and prevent European citizens to have any say in the matter.

According to T, the memo:

discloses that the EU’s largest economy is also preparing for other European countries, which are too large to be bailed out, to default on their debts — effectively going bankrupt. It will prompt fears that German plans to deal with the eurozone crisis involve an erosion of national sovereignty that could pave the way for a European “super state” with its own tax and spending plans set in Brussels.

Britain would be relegated to a new outer group of EU members who are not in the single currency.
Supposedly, British Prime Minister Cameron is upset with Merkel as these plans are developed:
Mr Cameron will today travel to Brussels and Berlin for tense negotiations with Mrs Merkel amid growing disagreement between the leaders over how to deal with the eurozone.

The Prime Minister is increasingly exasperated that Germany refuses to provide more financial help for Italy and other struggling countries amid concerns that the crisis is having a “chilling effect” on the British economy.
I'm not so sure the upset is real. The behind the scenes players,as Farage pointed out,have replaced the leaders in Italy and Greece, with bankster puppets. Cameron will be taken out as well, if he doesn't stick to the program.

Further, during the Wall Street Journal CEO Council event that I attended, World Bank President Robert Zoellick mentioned that he had been in Germany twice in the last three weeks, but that on one of the trips to Germany he stopped in London, because, as he put it, what is going on in Europe is of concern to the UK. Bottom line, the Prime Minister is likely being kept very well up-to-date on the ultimate Euro Super State plan. Any UK outrage and concern from UK government officials is likely choreographed for the masses so that it will be difficult for them to understand the march toward the super euro state. Cameron can pose as a fighter of the plan, getting what he can for the UK, even though the real deal is being put together behind the scenes.

Watch the Farage tape again, given the leak of the German memo, his warning becomes even more significant. 

It is becoming obvious that the banksters are using the cover of the EZ crisis to create the European super state they desire so much. Here's more from T on what the Germans, as fronts for the banksters, have planned:

The six-page German foreign ministry paper sets out plans for the creation of a European Monetary Fund with a transfer of sovereignty away from member states.

The fund will have the power to take ailing countries into receivership and run their economies. Even more controversially, the document, entitled The future of the EU: required integration policy improvements for the creation of a Stability Union, declares that the treaty changes are a first stage “in which the EU will develop into a political union”. “The debate on the way towards a political union must begin as soon as the course toward stability union is charted,” it concludes.
Bottom line: What is happening here is nothing short of a bankster takeover of Europe and the construction of a Super State.
________


Related:

The Coming European Superstate That Germany Plans To Cram Down The Throats Of The Rest Of Europe

Troika back in town

BOB JANJUAH: If The ECB Tries To Save The Euro, I Will Just 'Reload' My Shorts And Wait For It All To Collapse