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A crisis of sovereignty as well as debt
Patience Wheatcroft
Wall Street Journal
February 9, 2010
The European Union is in need of a new economic strategy.
The veracity of that statement might seem indisputable, as various EU countries, led by Greece, struggle to avoid being crushed by their accumulated debts. But in the surreal bureaucratic thinking of the EU, the reason it needs a new economic strategy has as much to do with the fact that its previous one is nearing its expiry date as any desperate need to deal with the current crisis.
- A d v e r t i s e m e n t
It seems almost cruel now to revisit the document which explained how this was to be achieved. There was to be an emphasis on “modernizing the European social model, investing in people and combating social exclusion” and a drive to “improve the quality and sustainability of public finances.”
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February 9th, 2010 at 4:42 pm
1st.
February 9th, 2010 at 5:53 pm
Correction: “The veracity of that statement might seem indisputable, as various EU countries, led by Greece, struggle to avoid being crushed by their accumulated debts.”
Should be:
The veracity of that statement might seem indisputable, as various EU countries, led by SPAIN (via Banco Santander), struggle to avoid being crushed by their accumulated debts.
It should be noted that the Wall Street Urinal is part of the mass media. Banco Santander is a clone of the Royal Bank of Scotland. Both are assets of British Royality. While the cameras are aimed at Greece, the real failure is Santander which lost 16% in value this week alone. This is headline news at the Larouche website.
Tim Reply:
February 9th, 2010 at 5:56 pm
P.S.
Lyndon LaRouche exposed the collapsing Eurosystem. The goal here in the USA is to have the British Banks fail. Thats the real power behind the Obama throne.
J Reply:
February 10th, 2010 at 12:31 am
As he has for the past decade+.
He was talking about the coming implosion even as far back
One needs only look at his triple curve and understand it (it’s easy) to know how all this plays out. The devil’s in the details of how and when of course, but overall the triple curve shows our path.
I remember when real estate people were dumbfounded by my ’sub-prime’ questions back in 2005. They really couldn’t see it coming.
The plans are out there, only we choose to go down the imperialist pathway to destruction, instead of the American Credit System on a global scale that will end monetarism forever, and the perils it brings which probably accounts for 90 percent of the grief (outside disease not caused by dilapidated conditions), and just about if not every one of the wars since the Peloponnese war.
The only economist who saw the thing from the get-go, continued the fight all the way down this road, and who has competent, sane, anti-malthusian, realistic solutions, is Lyndon LaRouche.
They’ve got three candidates running this year, one in barney frank’s district -Rachel Brown, one in pelosi’s – Summer Shields, and one in texas (22nd district) – Kesha Rogers.
So if you want change, you need to start voting for these types of democrats who have strong libertarian tones.
HBPA of 2007
LaRouche 4 powers plan
Fixed Exchange rate – New Bretton Woods (credit Bretton Woods)
American Credit system – world wide system of sovereign credit systems
Single Payer Healthcare under Hill/Burton standard
Cancel the Bailouts
End the Derivatives
I’m sure I’m forgetting much, much more. But the solutions are out there, they surely are.
February 9th, 2010 at 8:58 pm
An Iron Fist has come down on Europe – Nigel Farage
http://www.youtube.com/watch?v=SyNnlyIVjhU
February 9th, 2010 at 10:49 pm
The only way out is in blood now.
February 9th, 2010 at 11:23 pm
I’ve got so many quotes from politicians saying that soverneignty is bad idea its rediculous.
February 10th, 2010 at 12:03 am
Here Is A List Of The Jewish Banks Who Own The Federal Reserve:
-1- Rothschild Banks of London & Berlin -2- Warburg Banks of Hamburg & Amsterdam -3- Lazard Brothers of Paris -4- Israel Moses Seif Banks of Italy -5- Goldman, Sachs of NY -6- Lehman Brothers of NY -7- Kuhn Loeb Bank of NY (Now Shearson American Express) -8- Morgan Guaranty Trust of NY (Levi P Morton – J P Morgan Bank – Equitable Life – are principal shareholders) -9- Hanover Trust of NY (William and David Rockefeller of Chase National Bank NY are principal shareholders.)
February 10th, 2010 at 6:04 am
Europe is actually getting closer. They will resolve this but the EU will be quite different from its early roots.
February 10th, 2010 at 6:17 am
WASHINGTON SAYS DO YOU LOVE YOU FREEDOM I DID
http://www.youtube.com/watch?v=j_FuNC4sHaI
I WANT YOU TO ASK QUESTIONS , ABOUT YOUR FREEDOM,.wmv PART 2 DO YOU LOVE YOUR FREEDOM I DO ,SO DO YOU FREEDOM LIVES IN YOU ALL,STAND UP.wmv part1 OATH KEEPERS of the US Constitution). Protect our Sovereignty, Bill of Rights and US Constitution with the Declaration of Independence. Tear this Oligarchy/Democracy abomination down and restore the Republic. We the People call all OATH KEEPERS to protect our original sacred documents of Liberty and Freedom. Our government violates our Rights as they illegally make unjust laws to enslave us. Protect Our Sovereignty
February 10th, 2010 at 6:51 am
Hedgefunds and speculators are conspiring to crash the Euro using the problems of Greece and the other countries so they can cash in. The US was first, the EU is next. You and I are left to pick up the pieces.
February 10th, 2010 at 4:06 pm
There are no problems with our soverignty except for the individuals and private organizations that are determined to undermine said soverignty. Our organic natural reaction to these alienable organizations is just that a natural response to the tyranny. It is not only our job and responsibility to spread awareness and knowledge, but also build the structures and platforms that will evolve this “infowar” into the next level. This is extremely important if we are determined to restore some kind of natural balance that we the people can familiarize with.
“Obesity” Soda Tax Protest Tomorrow !
http://boblobslaw.wordpress.com
February 10th, 2010 at 6:26 pm
The Euro was bunk from the onset ‘they lied about capital to make it work’ the audit brought out the truth…
tmaastricht Reply:
February 10th, 2010 at 6:28 pm
oh and for grins http://moneyteachers.org/Jones2.htm
February 10th, 2010 at 10:01 pm
See the latest Movies Online Free at MoviesWatch.info
February 11th, 2010 at 12:37 am
The EU has been nothing but a huge failure and the uprisings for Countries to leave the EU is becoming apparent. Several Countries that would have joined the EU are stepping back now and deciding its not in their best interest. This shows that the EU has been on a folding course within itself since the beginning and it will collapse in one big crash leaving those Countries who backed it so far in debt they will be sitting ducks for anyone to come in and take them over like what is happening in America with the Corporate fraud Nazi take over.
By the end of this debacle in America’s economy the people will push for the Federal Reserve to be abolished and give back Americans their money, causing the collapse of the Federal Reserve. Of course those within it may face life sentences as well for fraud, theft, insider trading, and Americans may find they may have new money since the Federal Reserve money will be worth nothing, but it will still be American money that is printed and not some AmEuro since that idea will not fly with Americans. The British tried that, they failed. The Neocons will try it again and will fail.
The EAGLE will kill the snake. America will survive, but not without a revolution to ensure its future and to take out the criminals who are trying to control America and destroy it at the same time. You can feel it, you can smell it, the majority of Americans are pissed off and ready for blood.
I believe in this year of 2010 Americans will take America back. there is no doubt in my mind. Americans can’t take it anymore and are fed up with the system, the corrupt Government, and will probably charge Obama and his crew with Treason and anyone who helped the administration with its crimes against Americans.
The homeless alone outnumber the military and police forces in America, how long do you think it will be before they do something about their situation when the Government ignores them, when the media ignores them, when America is blinded from the truth and those people are suffering and basically starving. It won’t be long now.
California Girl Reply:
February 11th, 2010 at 2:18 am
Amen Brother, Amen!
February 11th, 2010 at 4:58 am
Debt is such a wonderful tool to provide for our future isn’t it?
February 11th, 2010 at 12:24 pm
Marc Faber to CNBC today ” Not only Greece all Government will eventually Default on their debt including the US ”
http://marcfaberchannel.blogsp.....ut-us.html
February 11th, 2010 at 12:37 pm
ron paul’12!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
February 15th, 2010 at 4:05 am
Good job, i need some time to think about this. Are there any forums that you recommend I join ?
February 15th, 2010 at 11:31 am
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February 20th, 2010 at 8:00 pm
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February 23rd, 2010 at 7:39 am
Interesting article. Were did you got all the information from…