+++ 6. Juli 2012 +++
European Leaders Opt for Versailles Treaty-like Hyperinflation
The Eurozone summit of June 28-29 was worse than a catastrophe, in the view of Helga Zepp-LaRouche. “If the capitulation of Federal Chancellor Merkel at the EU Summit stands,” she wrote on June 29, “as well as her consent to let the ESM undertake the direct recapitalization of European banks in the future, and to let Italy and Spain – and certainly other countries soon – access more EU funds, it will prove to be a fatal mistake, which will lead all of European civilization into catastrophe. Given the state of the trans-Atlantic banking system, it comes down to a new version of the  Versailles Treaty, under which Germany is supposed to pay for the debts of foreign banks and speculators. The result threatens quickly to become the same as in 1923: hyperinflation -- but this time not in one country, but throughout Europe and the U.S.A.”
Indeed, European governments have officially sacrificed their nations and the lives of their citizens to pay back an illegitimate and unpayable gambling debt.
According to the official Eurozone statement, it was decided to create a "single supervisory mechanism" for banks in the euro area, after which the ESM's statutory limitations would be lifted to allow it to directly recapitalize Eurozone banks. EU Orwellian newspeak calls this "decoupling sovereigns from bank debt." But the ESM gets its capital from governments! Not only that, but the ESM Treaty, which EU parliaments are blindly ratifying, provides that at any moment, the ESM management can order member states to supply new capital. There is no limit set to how much capital the ESM can demand.
This is a "license to kill" – through hyperinflation, which will be steered by the European Central Bank.
It was also decided that EU member states, from which the markets continue to demand high refinancing rates in spite of their "budget discipline" (such as currently Italy and Spain), will be "supported" by having the ESM purchase sovereign bonds. Here again, those being helped are not so much governments, as the banks selling those bonds.
A controversial aspect is whether those countries will be put under a Troika regime (ECB, EU, IMF). Pending the July 9 summit, when details are to be decided, German and Italian leaders have two different lines on this, tailored to their audiences: Angela Merkel is telling Germans that "every bit of aid will be subject to Troika control", whereas Mario Monti asserts "there will be no Troika regime."
All these leaders have betrayed their countries. That goes for Mrs. Merkel, who had sworn that “as long as I live”, there will be no collective liability for the Eurozone debt, as well as for Goldman Sachs puppet Mario Monti, and the others who played a decisive role, emphatically French President François Hollande and President Barack Obama.
Indeed, it has been reported that Obama, Tim Geithner and other US Treasury officials were heavily involved in the negotiations previous to and during the summit. Obama spoke personally by phone with Monti and Hollande. According to French media reports, Angela Merkel was “ambushed” by Hollande, whom she did not expect to be fully on the Obama-Monti line.
~ deutsch + english ~
+++ 7. Mai 2013 +++
AfD: National Monetarism in “Anti-Euro” Clothing
The new political party, “Alternative for Germany” (AfD), which was founded last February in apparent opposition to the Eurozone policy, has since received surprisingly wide coverage in the mainstream...
+++ 7. Mai 2013 +++
South-West Asia on the Verge of All-out War?
Twice within 48 hours, on May 3 and 5, Israel launched missile attacks against targets inside Syria, prompting Syrian President Bashar Assad to accuse Israel of declaring war on his country, in allian...
+++ 7. Mai 2013 +++
Südwestasien vor einem umfassenden Krieg?
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