Iran and the Strategic Encirclement of Syria and Lebanon

From Strategic Culture Foundation,  02.12.2011 

By Mahdi Darius NAZEMROAYA (Canada)

The encirclement of Syria and Lebanon has long been in the works. Since 2001, Washington and NATO have started the process of cordoning off Lebanon and Syria.The permanent NATO presence in the Eastern Mediterranean and the Syrian Accountability Act are part of this initiative. It appears that this roadmap is based on a 1996 Israeli document aimed at controlling Syria. The documents name is A Clean Break: A New Strategy for Securing the Realm. The 1996 Israeli document, which included prominent U.S. policy figures as authors, calls for “rolling back Syria” in 2000 or afterward. The roadmap outlines pushing the Syrians out of Lebanon, diverting the attention of Damascus by using an anti-Syrian opposition in Lebanon, and then destabilizing Syria with the help of both Jordan and Turkey. This has all respectively occurred from 2005 to 2011. This is also why the anti-Syrian March 14 Alliance and the Special Tribunal for Lebanon (STL) were created in Lebanon. As a first step towards all this the 1996 document even calls for the removal of President Saddam Hussein from power in Baghdadand even alludes to the balkanization of Iraq and forging a strategic regional alliance against Damascus that includes a Sunni Muslim Arab “Central Iraq.” The sectarian nature of this project is very obvious as are its ties to opposing a so-called “Shiite Crescent.” The roadmap seeks to foment sectarian divisions as a means of conquering Syria and creating a Shiite-Sunni rift that will oppose Iran and keep the Arab monarchs in power. The U.S. has now initiated a naval build-up off the Syrian and Lebanese coasts. This is part of Washington’s standard scare tactics that it has used as a form of intimidation and psychological warfare against Iran, Syria, and the Resistance Bloc. While Washington is engaged in its naval build-up, the mainstream media networks controlled by the Saudis and Arab clients of the U.S. are focusing on the deployment of Russian naval vessels to Syria, which can be seen as a counter-move to NATO. Al-RamthainJordanis being used to launch attacks into Daraa and Syrian territory. The Jordanian Minister of State for Media Affairs and Communications, Rakan Al-Majali, has even publicly admitted this and dismissed it as weapons smuggling. For years, Jordanian forces have successfully prevented weapons from reaching the Palestinians in the Israeli-occupied West Bank from Jordanian territory. In reality, Ammanis sending weapons into Syria and working to destabilize Syria. Jordanian forces work as a frontline to protect Israel and the Jordanian intelligence services are an extension of the C.I.A. and Mossad. According to the Turkish media, Francehas sent its military trainers into Turkey and Lebanon to prepare conscripts against Syria. The Lebanese media also suggests the same. The so-called Free Syrian Army and other NATO-GCC front organizations are also using Turkish and Jordanian territory to stage raids into Syria. Lebanon is also being used to smuggle weapon shipments into Syria. Many of these weapons were actually arms that the Pentagon had secretly re-directed into Lebanon from Anglo-American occupied Iraq during the George W. Bush Jr. presidency. The French Foreign Minister, Alain Juppé, has promised the Syrian National Council, that a so-called “humanitarian corridor” will be imposed on Syria. Once again, the Syrian National Councilis not an independent entity and therefore Juppé did not really make a promise; he really made a declaration. While foreign companies like Suncor Energy were forced to leave Libya, they have not left Syria. The reason for that these companies have stayed have been presented as being humanitarian, because they provide domestic local services in Syria. For example, Suncor Energy helped produce oil for export from Libya, but in Syria produces energy for local consumption. In reality, hostile governments are letting these companies to stay, because they siphon money out of Syria. They want to prevent any money from going in, while they want to also drain the local economy as a catalyst to internal implosion in Syria. Along with the U.S. and its NATO allies, the Gulf Cooperation Council (GCC) is imposing sanctions that include an end to all flights to Syria. The GCC states and Turkey have joined the foreign ministries of NATO states in asking their citizens to leave Syria. Since the U.N. Security Council is no longer a viable route against Syria, the GCC may also try to impose a no-fly zone over Syria through the Arab League. Turkey: NATO’s Trojan Horse and Gateway into the Middle East Turkeywas present at the Arab League meeting in Morocco, which demanded regime change in Damascus. Ankarahas been playing a dirty game. Initially, during the start of NATO’s war against Libya, Ankara pretended to be neutral while it was helping the Transitional Council in Benghazi. The Turkish government does not care about the Syrian population. On the contrary, the demands that Turkish officials have made to the Syrians spell out that realpolitik is at play. In tune with the GCC, Turkeyhas demanded that Damascus re-orient its foreign policy and submit to Washington’s demands as a new satellite. Through a NATO initiative, the Turks have also been responsible for recruiting fighters against the Libyan and Syrian governments. For several years Ankara has been silently trying to de-link Syria from Iran and to displace Iranian influence in the Middle East. Turkey has been working to promote itself and its image amongst the Arabs, but all along it has been a key component of the plans of Washington and NATO.At the same time, it has been upgrading its military capabilities in the Black Sea and on its borders with Iran and Syria. Its military research and development body, TUBITAK-SAGE,has also announced that Ankara will also start mass-production of cruise-missiles in 2012 that will fitted for its navy and forthcoming deliveries of U.S. military jets that could be used in future regional wars. Turkey and NATO have also agreed to upgrade Turkish bases for NATO troops. In September 2011, Ankara joined Washington’s missile shield project, which upset both Moscow and Tehran. The Kremlin has reserved the right to attack NATO’s missile shield facilities in Eastern Europe, while Tehran has reserved the right to attack NATO’s missile shield facilities in Turkey or in the case of a regional war. There have also been discussions about the Kremlin deploying Iskander missiles to Syria. Since June 2011, Ankara has been talking about invading Syria. It has presented the invasion plans as a humanitarian mission to establish a “buffer zone” and “humanitarian corridor” under R2P, while it has also claimed that the protests in Syria are a regional issue and not a domestic issue. In July 2011, despite the close Irano-Turkish economic ties, the Iranian Revolutionary Guard made it clear that Tehran would support the Syrians and choose Damascus over Ankara. In August 2011, Ankara started deploying retired soldiers and its military reserve units to the Turkish-Syrian border. It is in this context, that the Russian military presence has also been beefing up in the port of Tartus. From Damascus to Tehran It is also no mere coincidence that Senator Joseph Lieberman started demanding at the start of 2011 that the Pentagon and NATO attack Syria and Iran. Nor is it a coincidence that Tehran has been included in the recent Obama Administration sanctions imposed against Damascus. Damascusis being targeted as a means of targeting Iran and, in broader terms, weakening Tehran, Moscow, and Beijing in the struggle for control over the Eurasian landmass. The U.S. and its remaining allies are about to reduce their forces in Iraq, but they do not want to leave the region or allow Iran to create a bridge between itself and the Eastern Mediterranean using Iraq. Once the U.S. leaves Iraq, there will be a direct corridor between Lebanon and Syria with Iran. This will be a nightmare for Washington and Tel Aviv. It will entrench Iranian regional dominance and cement the Resistance Bloc, which will pin Iran, Syria, Iraq, Lebanon, and the Palestinians together. Israel and the U.S. will both be struck with major strategic blows. The pressure on Syria is directly tied to this American withdrawal from Iraq and Washington’s efforts to block Tehran from making any further geo-political gains. By removing Damascus from the equation, Washington and its allies are hoping to create a geo-strategic setback for Iran. Everything that Washington is doing is in preparation for the new geo-political reality and an attempt to preserve its regional standing. U.S. military forces from Iraq will actually be redeployed to the GCC countries in the Persian Gulf. Kuwait will host new combat units that have been designated to re-enter Iraq should security collapse, such as in the case of a regional war, or to confront Iran and its allies in a future conflict. The U.S. is now activating the so-called “Coalition of the Moderate” that it created under George W. Bush Jr. and directing them against Iran, Syria, and their regional allies. On November 23, 2011 the Turks signed a military agreement with Britain to establish a strategic partnership and closer Anglo-Turkish military ties. During an important state visit by Abdullah Gül to London, the agreement was signed by Defence Secretary Phillip Hammond and the Deputy Chief of the Turkish General Staff,HulusiAkar.The Anglo-Turkish agreement comes into play within the framework of the meetings that the British Chief of Defence Staff, General David Richards, and Liam Fox, the former scandal-ridden British defence minister, had with Israeli officials in Tel Aviv. After the visit of General Richards to Israel, Ehud Barak would visit Britain and later Canada for talks concerning Syria and its strategic ally Iran. Within this timeframe the British and Canadian governments would declare that they were prepared for war with both Syria and Iran. Londonhas announced that military plans were also drawn for war with Syria and Iran. On the other side of the Atlantic, Canada’s Defence Minister, Peter MacKay, created shockwaves in Canada when he made belligerent announcements about war with Syria and Iran. He also announced that Canadawas buying a new series of military jets through a major arms purchase. Days later, both Canada and Britain would also cut their banking and financial ties with Iran. In reality, these steps have largely been symbolic, because Tehran was deliberately curbing it ties with Britain and Canada. For months the Iranians have also openly been evaluating cutting their ties with Britain and several other E.U. members. The events surrounding Syria have much more to do with the geo-politics of the Middle East than just Syria alone.In the Israeli Knesset, the events in Syria were naturally tied to reducing Iranian power in the Middle East. Tel Aviv has been preparing itself for a major conflict for several years. This includes its long distance military flights to Greece that simulated an attack on Iran and its deployment of nuclear-armed submarines to the Persian Gulf. It has also conducted the “Turning Point” exercises, which seek to insure the continuation of the Israeli government through the evacuation and relocation of the Israeli cabinet and officials, including the Israeli finance ministry, to secret bunkers in the case of a war. For half a decade Washington has been directing a military arm build-up in the Middle East aimed at Iran and the Resistance Bloc. It has sent massive arms shipments to Saudi Arabia. It has sent deliveries of bunker busters to the U.A.E. and Israel, amongst others, while it has upgraded its own deadly arsenal. U.S. officials have also started to openly discuss murdering Iranian leaders and military officials through covert operations. What the world is facing is a pathway towards possible military escalation that could go far beyond the boundaries of the Middle East and suck in Russia, China, and their allies. The Revolutionary Guard have also made it clear that if conflict is ignited with Iran that Lebanon, Iraq, and the Palestinians would all be drawn in as Iranian allies.

Kerry Lutz Interview with Chris Duane 12-1-11

from The Financial Survival Network:


Chris and Kerry continue their conversation on the death of the Fiat Money System. Europe and its large banks have been saved once again, but the end result can never be in doubt. Chris believes that we should all be opting out of the bankrupt system by holding physical silver. There’s going to be a lot of chaos, which is bad in the short term, but in the long term a new system will be created that will reward producers and savers. The financial ruling elites are at the rope’s end and it won’t be long before the non-stop money printing and market manipulation ends in failure. History has shown that inflation can never bring about prosperity, but rather it sometimes brings about the illusion of prosperity for various periods of time. But eventually the debt comes due and there’s no money left to pay it, or the money that is left has completely lost its value.


Hyperinflation is the likely result of massive Central Bank interventions. Jim Sinclair calls it QE (Quantitative Easing) to Infinity. Others call it wealth confiscation on a mass scale. Or taxation without legislation.


Click Here to Listen to the Interview

The Next Steps in the Eurozone Crisis Will Lead into the ESM Dictatorship

From The Prudent Investor:


A downward spiral of short-lived political announcements that have declined from the superficious to the meaningless may fill the headlines of dutiful 24/7 news outlets.


But while attention is wasted on political gobbledygook, leading Eurocrats manage to steer the train wreck aka Eurozone towards greater centralization in Brussels that will ultimately lead to a political ambush in order to push through the true monster in the backyard, the European Stability Mechanism ESM.


Published in English only, depriving 85% of Europeans of their possibility to inform themselves, it is no exaggeration to say that the ESM will lead the Eurozone into a technocrat dictatorship without any democratic oversight at all.



The ESM was signed by the 17 Eurozone finance ministers on July 11, 2011, and has yet to be ratified by national parliaments.


The treaty text mandates unconditional and irrevocable membership while ensuring complete immunity to the institution and its staff. One does not fill a good part of the treaty with such get-out-of-jail cards if there were no future need of such.


Watch this video that has gone viral in German and is playing with English subtitles here to get a first taste of the totalitarian ESM structure.

Make no mistake, when German chancellor Angela Merkel and French president Nicolas Sarkozy envision a more centralized Eurozone, they ultimately mean the ESM that can draw funds from member states within 7 days without giving a reason and without the possibility of legal recourse.


Checking the latest status of the Eurozone crisis talks, Merkel has just slammed hopes that the EU summit on December 8 and 9 will deliver any meaningful results, the Independent informs:

German chancellor Angela Merkel has said there is no easy fix to the European financial crisis, and that a solution will "take years".


Mrs Merkel told her country's parliament that "the German government has made it clear that the European crisis will not be solved in one fell swoop".


She added: "It's a process, and that process will take years."

This should give you enough time in between to read the ESM treaty down below in full. If not, make at least sure to read from page 35 onwards for the spicy details about self-oversight and immunity, which begins on page 37.

Open publication

Merkel announced unspecified future amendments to the ESM treaty on Friday in a press conference with Austrian chancellor Werner Faymann as Eurozone leaders are going the extra mile in order to avoid a referendum on such fundamental issues like the transfer of budget sovereignty to a yet to be created EU Treasury in Brussels.


Bernanke Will Keep the Roulette Wheel Spinning


In the meantime central banking comrade Ben Bernanke from the Federal Reserve stands ready for a dollarization of the rest of the world with basically unlimited dollar swap lines with the world's major central banks.


While European leaders can continue to haggle about concepts that will just add another layer of ESM debt on top of all other debts the Fed will exchange worthless Federal Reserve Notes (FRN) for worthless European collateral, aiding the European Central Bank (ECB) in hiding the true damage to the Eurosystem where the ECB can no longer 'sterilize' monetization as banks prefer to park their assets with the ECB.


And the Fed has unaudited firepower galore. According to former US Congressman Alan Grayson the Fed lent a whopping $26 Trillion or roughly double the annual US GDP to banks in 2008 at the onset of the current permacrisis. Bernanke's helicopters are ready to rain dollars on the Eurozone again.






Banks Were Helped with $26 Trillion Under the Table

VIDEO: Jump to 2:20 minutes where Alan Grayson says, "Ron Paul's ... audit of the Federal Reserve, which has now shown 16 Trillion dollars in money directly lent out from the Federal Reserve to ... various institutions including many foreign institutions. ... about a third of the money went to foreign institutions and on top of that another 10 Trillion dollars in currency swaps between the Federal Reserve and foreign central banks..."

As the Fed's announcement from last Wednesday to keep the monetary spigots wide open and intervene in any and all falling markets should ensure more phantom liquidity for a comatose Eurozone, this dollarization may become a competitor to the Eurozone's own (lack of) ideas and lead to a EU colonization by US investment bank Goldman Sachs.


With the recent installation of former Goldman Sachs employees/consultants as heads of the ECB (Mario Draghi), Greece (Lucas Papademos) and Italy (Mario Monti) the Wall Street dominator is well positioned to influence European politics far and wide. The tentacles reach elsewhere too: It does nut hurt that the current US ambassador to Germany earned 23 years of paychecks at Goldman too.


As the leading primary dealer in Austrian government bonds Goldman reaches deep into the decision-making circles in that Alpine nation too.


But back to the ESM.


Like the Federal Reserve Act in 1913, the ESM treaty found absolutely no media attention when it was signed last July despite its far-reaching implications for more than 300 million Europeans.


Dutch-based website courtfool.info has investigated the matter further and discovered a swift path towards Brussels monetary totalitarianism.


The website arrives at a startling - and frightening - pattern:

On 17 December 2010 the European Council decided there was a need for a permanent stability mechanism to take over the tasks of the Financial Stabilization Mechanism (EFSM) and the European Financial Stability Facility (EFSF). These are two rapidly erected organizations, respectively in May and June 2010, to supply loans to countries with too many debts. However, these organizations lack a legal basis.


Let us already note here that these organizations were explicitly conceived for financial interventions, while the amendment in the treaty that allows the establishment of the ESM, also allows setting up organizations for quite other fields of action.


This amendment arrived on March 25 2011. To avoid having to organize referendums in Europe once more, they used article 48.6 of the Treaty of the European Union, which allows the European Council to decide changes in the articles of the treaty, under condition they don’t constitute an extension of the competences of the EU. The amendment consisted of an innocent looking addition to a paragraph of article 136 (TFEU). In short, this addition stipulated that “the countries using the euro were allowed to establish a stability mechanism to safeguard the stability of the euro zone as a whole”. Expressed this way, it does not deal exclusively with financial stability. Surveillance of vigilant citizens, oppression of protests or the fight against any other destabilizing element in the euro-zone, can, via this amendment, be conferred to new organizations under EU-flag.


In other words, this amendment surely constitutes an extension of the competences of the EU. Thus, it violates Article 48.6 of the Treaty of the European Union. Nevertheless, no Minister and no national Parliament were bothered by this and in Brussels they happily and promptly continued to draw up the ESM treaty.


On 20 June 2011 the national Parliaments authorized that the tasks of the ESM treaty would be executed by the EU and the European Central Bank.


On 11 July 2011 the treaty was signed. Although the signature was made public later that day, directly at the opening of a press conference with dozens of journalists (photo above), the next day there was not a single headline in the newspapers (not nationally, nor internationally) about the signature of this new European Treaty. Could it be caused Juncker announced it in French... before continuing the conference in English?

The facts are on the table now but do not expect Europe's political representatives to know anything about it. According to this Wall Street Journal blog entry, only 35 of Europe's 736 MEPs (Members of the European Parliament) attended a Draghi speech on December 1 where Draghi proposed more centralization via a 'fiscal compact' - meaning an EU finance ministry.




"We have already started preparing the ESM internally."


All current political haggling about the EFSF (European Financial Stability Fund) or Eurobonds - now dubbed 'stability bonds' by Germany - appears to be superfluous shadow boxing when one listens to the EFSF insiders.


EFSF CFO Christophe Frankel told Reuters already mid-November that the EFSF could change its nameplate to EMS without problems:

Frankel said preparation for the new permanent euro zone support scheme, the European Stability Mechanism (ESM), was under way and that technically, the EFSF could already carry out its mission.


"ESM will have the same mission as the EFSF so in practical terms, we are already ready," he said. "We have already started preparing the ESM internally."

This again proves the haughtiness of Brussels nasty procedures: While politicians keep the public busy with smoke and mirrors, the Eurocrats are working behind the curtains to establish totalitarian control over more than 300 million Europeans and loot them in order to save the banks at truly all costs.


One needs not much fantasy how the Eurozone crisis will develop once the ESM is pushed into place: In the end Europe will be relegated to third world status, laden with ESM and probably IMF debt too.


This would be the end of democracy. It must not happen.


Click here to go to the The Prudent Investor homepage for more interesting posts.

Bailouts, Bondage and Political Bankruptcy

 by Stephen Lendman

Europe and America perhaps face their gravest ever economic crisis. Growing millions are impoverished, unemployed, and out of luck.

Hunger and homelessness are increasing. So is unaddressed anger over handouts to bankers, not people facing crushing hardships.

Economist Michael Hudson calls finance a new mode of warfare. Generalissimo bankers run everything. Co-opted politicians serve them. In return, they're rewarded handsomely.

Ordinary people lose out entirely. So do economies being strip-mined for profit. Hudson asks what's to stop major Western banks from creating any amount of money they wish?

With it they can "buy up all the bonds and stocks in the world, along with all the land and other assets for sale, in the hope of making capital gains and pocketing the arbitrage spreads by debt leveraging at less than 1% interest cost?"

What's to stop them from bankrupting nations to buy valued assets cheap? Who'll stop them when governments play ball? Bankers, in fact, run countries like Greece, Italy, America and Britain. Washington is Wall Street occupied territory. So is London.

Scottish political commentator Ian MacWhirter calls bankers "an untouchable elite, beyond any civil constraint." Once upon a time, governments ran countries. Today it's bankers, at least in America and Europe.

They care nothing about legal standards or public need, just profits, limitless amounts to make more of them.

"Are we perhaps moving to a kind of financial feudalism," asked MacWhirter, "in which immensely wealthy robber barons command a disproportionate share of society's wealth and subject the people to a kind of debt peonage?"

Indeed so! Waging financial war lets banker bandits create credit in any amount for speculation and whatever assets they want globally.

"Who needs an army," asked Hudson, "when you can obtain monetary wealth and asset appropriation simply by financial means?" Economies able to create most credit profit most - using computer keyboards, not guns and bombs.

Today, America, Japan, and Eurozone countries face crushing debt burdens. Solutions require adding more, they claim. Imagine the folly of using fuel to extinguish fires. Imagine trying to lose weight by eating more.

Imagine reducing debt burdens with more of it. Imagine hypocritical politicians selling this snake to unwitting populations. Imagine angry people saying no more.

Austrian economist Ludwig von Mises (1881 - 1973) once said:

"There is no means of avoiding a final collapse of a boom brought about by credit expansion. The alternative is only whether the crisis should come sooner as a result of a voluntary abandonment of further credit expansion, or later as a final and total catastrophe of the currency system involved."

Washington and Eurozone chose the later route. Hudson explained that America reached its debt limit and entered its insolvency phase. The end of an era, he calls it. Debt pyramiding scams will end. It's not if, but when.

Economist Hyman Minsky (1919 - 1996) once described "Ponzi finance" during prolonged expansions and booms. Speculative excesses create bubbles. They, in turn, trigger instability, then asset valuation collapse that turns euphoria to revulsion and market crashes.

Cyclical shorter-term crashes are bad enough. Secular Great Depression ones create enormous protracted hardships and human suffering. Catastrophic conditions result when people are harmed to save bankers.

They also follow more debt on top of already insurmountable burdens. Worse still is adding greater amounts for speculation, not economic growth. Today it's rewarded, not prevented by regulatory constraints.

Before Nixon closed the gold window in 1971, Hudson said "nations settled their balance of payments in gold or silver." Dollars were backed by 25% gold at $35 an ounce.

Countries got more gold through trade surpluses. In 1950, America had 80% of the world's gold. "This made the dollar a virtual proxy for" it. Post-WW II militarism changed things. Once begun, military spending takes on a life of its own. Combined with banker bailouts it's bankrupting America.

US Treasuries substitute for gold. So do stocks and bonds. Transformed global finance became debt-based in exponential amounts. Unsustainable levels have accumulated. They're exacerbated by adding more. Debts that can't be paid, won't be, explains Hudson.

Restructuring and orderly defaults are needed. Let bankers pay, not people or economies hammered to save them. Eurozone countries are especially entrapped in the euro straightjacket. Former bank regulator/financial fraud expert Bill Black explained their plight, saying:

"A nation that gives up its sovereign currency by joining the euro gives up the three most effective means of responding to a recession."

"It cannot devalue its currency to make its exports more competitive. It cannot undertake an expansive monetary policy. It does not have any monetary policy, and the EU periphery nations have no meaningful influence on the ECB's monetary policies."

"It cannot mount an appropriately expansive fiscal policy because of the restrictions of the EU's growth and stability pact. The pact is a double oxymoron - preventing effective counter-cyclical fiscal policies harms growth and stability throughout the Eurozone."

In other words, 17 Eurozone nations surrendered their monetary and fiscal sovereignty to central bank authority in charge of controlling their economic and financial policies, not themselves. It works in good times, not bad.

Today, it's crushing debt-burdened Greece, Ireland, Portugal, Belgium, Spain and Italy. Expect the Netherlands, Austria, France, and perhaps Germany to follow if they keep throwing good money after bad.

Nothing's more counterproductive than pursuing wrongheaded policies and expecting one day they'll work. Economies become subordinate to financial oligarchs. Debt slavery and insolvency follow. Nations become fiefdoms. People face neoserfdom. Freedom heads for extinction. Can revolutions be far behind?

New York Times in Denial

Pursuing its familiar supportive wealth and power role, a November 29 Times editorial headlined, "Germany's Denial, Europe's Disaster," saying:

Facing "economic meltdown," Germany's Merkel "is still blocking what is needed: a real bailout of Europe's weakest economies by their richer neighbors or the European Central Bank."

Fact check

Times editors know nothing about economics and finance. In addition, their support for wealth, power and bankers at the expense of people is palpable. The above analysis explains their wrongheaded position. What's needed, of course, is mirror opposite.

Moreover, imagine asking Germany's $3.5 trillion economy to rescue other Eurozone ones with a combined $9 trillion GDP. Might as well ask a minnow to swallow a whale.

"The markets have clearly figured out that a meltdown of the euro would impose enormous costs on Europe's most solid economy, too. But German officials are still insisting that their profligate neighbors need to pay for their sinful ways...."

Fact check

Troubled Eurozone countries must opt out of crushing straightjacket policies. Economic recovery depends on reclaiming monetary and fiscal sovereignty. They never should have surrendered it in the first place. Nothing deters regaining it, just enough political will to act.

"What makes this even more absurd is that Europe has the resources - if Germany would drop its objections."

Fact check

Times editors expect more debt will solve today's burdens. Instead it will turn Europe's blaze into a firestorm. Strong countries will be consumed with weak ones. An economics 101 refresher might help change their misguided notions of reality.

Continuing bad policies makes them worse. "The system has to be purged," says Progressive Radio News Hour regular Bob Chapman.

There's no other way. It's that simple, no matter the pain because the alternative's much worse.

Stephen Lendman lives in Chicago and can be reached at lendmanstephen@sbcglobal.net.

Also visit his blog site at sjlendman.blogspot.com and listen to cutting-edge discussions with distinguished guests on the Progressive Radio News Hour on the Progressive Radio Network Thursdays at 10AM US Central time and Saturdays and Sundays at noon. All programs are archived for easy listening.

http://www.progressiveradionetwork.com/the-progressive-news-hour/.

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