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Are the Tribes of Europe Ready to Explode?

September 27, 2011

(Daily Bell)

“It is not just the Southern PIGS which are reeling. It is Northern Europe, too. The Northerners, especially Germany, do not want to pay for Southern profligacy. And Southern Europeans are well aware the fault does not lie with them, especially, but with elite political and financial interests.

It was not the average Greek or Spaniard who borrowed the money that has put the South in debt. The analyses of the European situation make it sound as if each individual was guilty. Not true. The Anglosphere banks arranged the lines of credit that are throttling the PIGS now.

The politicians and private interests accepted the money and buried it in Swiss bank accounts; today, everyone else has to pay. And Mary and Dmitris are well aware of who profited from the explosion of leverage in the 2000s, and who has been tasked with the clean-up.

It is even worse. What is unsaid in the article, despite its bluntness, is that the leverage was calculated to do exactly what it has done. The political and financial classes were in a sense tasked with creating what is now called the “sovereign” debt crisis and they did so deliberately.

This is never mentioned in analyses of the situation. We only read glib vignettes about austerity and predictable IMF solutions having to do with higher taxes, reduced public benefits, a shrinking public sector and lower compensation all around, for those who still have jobs or businesses anyway.

While we often cover the unraveling EU and euro as if it is a kind of force of economic nature, we’ve also been careful on many occasions to point out that what occurred in Europe was instigated by financial powers at the highest level. And for years, Eurocrats have been talking about how a financial crisis was bound to occur, and that it would be used as a pretext to build a political union out of an economic one.

Just the other day, we reported on an article in the UK Telegraph that presented the latest meme – that the “guilty men” of Europe and Britain – the ones that had backed the EU project most enthusiastically – were going to walk away from the mess without ramifications.

Our problem with the article was that it didn’t go far enough. There is an Anglosphere elite and it has coldly and forcefully built the EU from the ground up. These great central banking families that want one-world government are behind the current mess, but as is always the case, those who are really in charge will not be written about, or not by the mainstream media.

We did find, in roaming the Internet, this interesting article by one of our favorite mainstream reporters, Ambrose Evans-Pritchard, written way back in 2000. He makes it clear that Washington and its spy agencies were behind the EU project…”

http://www.thedailybell.com/2995/Are-the-Tribes-of-Europe-Ready-to-Explode

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