Posts Tagged ‘london’

European Union Headed For Collapse?

Monday, October 24th, 2011

Beginning of the End?

In the UK’s Parliament, David Cameron is trying to stave off a revolt of the conservative party, as at least 60 members are aboard with the idea of putting up a referendum on leaving the EU.  As a way to head them off, Cameron is hoping to exact some EU treaty re-writes that will return some autonomy to the UK in the matters of social laws and employment.  At the moment, he doesn’t seem to be making any headway, and a revolt against his proposal seems likely.  At the same time, French President Nicolas Sarkozy has told Cameron that he’s sick of the UK telling the rest of the EU what to do, since the British “hate the Euro.”  If you haven’t figured out what’s at the root of all of this, let me help to explain:  The EU is on the brink of complete and utter destruction, and the Eurozone is likely to fails, since neither Greece(immediately) nor Italy(just over the horizon) seem likely to stave off default on their sovereign debt.  Yesterday, I related to you the story of Angela Merkel of Germany chastising Italy over its debt-to-GDP ratio, as she’s looking over the immediate horizon and can see the trouble brewing in Italy, but now France has joined in the pressuring of Italy.  The EU is in deep trouble just now and it looks like the beginning of the end.

Some see this as empowering the US, but any such bubble will be short-lived, as while power in Europe is likely to become decentralized in the short run, in the US, a collapse of our markets and our banking system may not be too far away as I reported Saturday and Sunday.  Our current state of economic and financial affairs leverages strongly against any lasting leadership role, because we’re in debt very nearly on par with Italy, and if we fold, the rest of the world will follow.  The problem at the moment for the US is that we’ve stuck our necks out on behalf of the Europeans via the Federal Reserve and the International Monetary Fund to an extent that we are now firmly tied to their fate.  If they fall, so will we, but the question remains: How far, and how fast?

If we had wise political leadership, they would demand that we stop sticking our neck out on behalf of the Eurozone.  Yes, if they fail, it will hurt us too, but the more we increase our stake, the greater our eventual losses, and the greater the damage will be here at home.  If the EU winds up dissolving at some future date, it will be a potential boon to American economic might, but in the short run, it will have dire effects on our capital markets.  The point to be understood is that I can’t imagine a way that Europe fetches this one from the fire, as the UK’s reluctance signals.  If the British do not wish to stick their necks out, I can’t imagine a reason on Earth that we should be so-inclined.

Domestically, we have weak leadership in the only House in government that would be able to stop any of our further involvement. John Boehner’s not going to stick his neck out in opposing what’s being done with the European derivatives from the Bank of America and JP Morgan, just as he wouldn’t stick his neck out over the debt ceiling negotiations.  In the end, Boehner will capitulate to the Democrats just as he did in July, and much like David Cameron is having to do with members of Parliament in London, Boehner will be trying to herd his members in Washington DC who can see the elections of 2012 directly in front of them, and know they cannot support these kinds of deals any longer.

What all of this is likely to mean on Wall Street at the open on Monday is anybody’s guess, but one thing’s for certain: The volatility we’ve been seeing these last several months is likely to continue, and one of these days very soon may be the worst day on Wall Street in 80 years.  I’m not trying to instill fear or panic, but I want you to know what’s going on in the world around you.  With Europe on the brink, the Middle East ablaze, and our own nation in a severe downturn, it’s only natural to wonder when the bubble will burst.  Washington has been trying to conceal all of this from you for so long that I think they may have forgotten it’s fake.  You can’t support the markets with direct injections of cash as was done through TARP, the bail-outs, and QE2 without eventually arriving at the day when it all goes belly-up.  Having been linked to Europe so thoroughly, we are more vulnerable than ever. Our political leaders have neither the competence nor the will to extricate our nation from the grip of a global calamity.  In the case of at least one individual, I believe it’s being engineered.  Prepare, ladies and gentlemen, prepare.

Advertisements

Occu-Pests Go Global

Sunday, October 16th, 2011

The Anarchy They Seek

It’s a sad statement on world affairs when this awful bunch can dominate news around the globe.  As we tour the headlines on Sunday morning, London is infected now, as is Rome where yesterday things turned particularly ugly, and all along, what we now know about these protesters is that they’re being directed by the sort of people they swear they’re against.  They speak in vague terms of “Plutocrats,” but when asked whether George Soros fits that definition, they demur and ignore the question.  These people are the definition of “useful idiots” and it seems that in the end, they don’t understand the realities of their situation, or like so much else in their self-contradictory movement, they don’t care about cause and effect or any rule of logic by which the rest of the world is bound.  When you see mindless mobs like these rising, you can be assured that it can birth nothing but tragedy.

While they serve as the tools of the very people whose actions have brought the results they decry, one can’t help but wonder how such stunning ignorance can lead to a movement of anything but a mob.  And there you have it, sadly.  Some have compared them to the Tea Party, a laughable notion, but the best comparison is probably to the Bolsheviks.  These people want to be the change they can believe in.  They’re bringing anarchy so their bosses at the top have the excuse to bring down the hammer upon all of us.

On Friday, Breitbart revealed an email archive of the communications among the organizers in both .csv and .pst form. (I prefer the .pst because it can be imported easily into Outlook for viewing and searching.)  What it reveals is a movement of every garden-variety socialist combined with hard-core Marxists and Communists, and no shortage of Islamists, working together to bring about a global revolution.  BigGovernment did a great job of exposing all of this, as has Glenn Beck via TheBlaze and other outlets.  People rightly worry about “Conspiracy Theories,” but in this case, it’s not a conspiracy, but a statement of what is real.  These people picked October as the great focus of their work, and it is highly symbolic of what their leaders intend.

Some in the media and in politics have characterized the Tea Party as “terrorists,” but now you are seeing who are the real terrorists.  Tea Party folk hold a rally, most often on private property for which they’ve gotten permission to access, clean it up when they’re finished, and leave the same day.  They don’t threaten or use violence, and they don’t call for an overthrow of our form of government.  Instead, they demand a clean-up of the form we have.  They’re patriotic, love the United States of America and the freedom and independence they have enjoyed, and many of them are veterans.

In stark contrast, consider the rabble-rousing antics and revolutionary intentions of the Occu-Pests.  Some of them spew vile antisemitic rhetoric, and all of them hate “capitalism” although what they describe as the object of their complaints isn’t capitalism at all, but all the times capitalism has been set aside.  Many of them are college students, and as TheBlaze reported, some professors are offering course credit for participation.  Their alleged “courage” has been endorsed by the American NAZI party, and all the while, in the background, the people funding all of this continue to agitate for their revolution.

This is a time of danger in our Republic.  These Occu-Pests are at once impotent, and lethal. They are impotent because their numbers are so small in terms of our population and the will of the people of the country at large, and yet lethal because of their magnified effect via media and politicians.  When the Tea Party turned out hundreds of thousands into Washington DC, the media simply didn’t cover them, while Obama left the city.  Now, with Occu-pests running wild, in the thousands, Obama remains in the White House and the media gives us endless coverage of the revolutionaries.  If nothing else, this should serve as a demonstration of which group is actually anti-establishment, and which group is acting at the direction of the powers that be.

Don’t be fooled. Read the e-mails and learn who it is directing this attack, and how they think.  These “occupiers” are today’s Bolsheviks, and you shouldn’t have any doubts about where their agenda will lead us.

Coming to America?

Wednesday, August 10th, 2011

As the World Burns?

Is it possible that the United States is immune to this sort of violence?  As the world economy teeters on the brink of utter collapse, with Europe on the leading edge, its failed welfare states going bankrupt in an effort to put good money after bad, it’s a sobering reminder of what can happen when politicians are allowed to trade their citizens’ wealth for the votes of other citizens exempt from the tax collector’s grasp.  As the welfare state in our own country has begun to grow out of all previous bounds, it’s important to examine our own vulnerabilities to this sort of change.  Our own economy is again on the ropes, largely due to the increasing burden of the welfare state upon the wealth producers in our nation.

This sort of devolution sets up a feedback loop that tends to guarantee a worsening of economic results, which will in its turn undoubtedly spawn more civil and social unrest.  Of course, we’ve been through economic hardships before, notably the Great Depression of the 1930s, but never have we seen a confluence of events combined with the sort of outright radicalism we’re now watching on the streets of London.  In the US, we have had a number of riots, famously in the era of the great struggle for civil rights for African-Americans, but we’ve not seen a potential tinderbox growing like this since the days immediately on either side of our own civil war.  Before we dismiss this threat out of hand, let’s examine what’s driving it, and how it aims to attack our exposed flanks.

One thing that can be said without any controversy is that the riots erupting in Europe have a distinctly socialist, or at least anti-capitalist flavor.  While the anarchists involved seem to hate everything except the hand-outs they receive from government, it is clear that these are ultimately the children of the entrenched and growing welfare state.  It is in such movements that great tragedies have been birthed throughout human history, and they nearly always blossom from the same deadly seed:  These are predominately young people who have been educated by the welfare state to expect to have all their wants and desires met by the welfare state, as though it had been a perpetual parent, and they could remain indefinitely as spoiled children returning endlessly to the nest in which they were raised.

What of our own country?  Are we vulnerable to this same phenomenon here at home?  Ask yourself if we have created a similar welfare state, with a similarly bankrupt public education system in which children are passed through, without much effort, being spoon-fed a steady diet of propaganda based on a  litany of leftist causes that teach the students to expect to be provided their every need or even desire without much effort.  Consider our own welfare system that now provides free food, rent, housing, medical treatment, education, birth control, automobiles, utilities assistance, cable TV, internet, and more recently, cellular phone minutes.  What exactly is it that anybody would go to work to get?  This creates an entitlement mindset that forms into a slavish army of drones who will eventually rise up and destroy the people who so generously subsidized their existence.

You might wonder what would lead people who’ve been handed every material necessity to bite the hand that feeds it, but if you know the intellectually frail sort of mind that willingly subsists in this way, you ought to know that there is no necessary linkage between cause and effect in their thinking or in the formulation of their desires and demands.  As the economy worsens, there will be fewer jobs and therefore fewer opportunities upon which to build a work ethic and a healthy respect for private property or the laws that serve to protect it. What all of this has created is a generation of savages, whose first reflex is to loot, pillage and plunder.  Don’t wonder who has created this growing army of brigands and thugs.  You have.  Your labor and your taxes has been taken to support the birth, growth, and moral depravity of an army that will be turned against you.

Are We Next?

All of this makes clear the endless fallacies of the leftists’ welfare state.  One cannot print prosperity.  One cannot inflate it on the back of the efforts of a few.  One cannot redistribute it, and one cannot nurture into existence those who would create it by teaching the young that they deserve anything they want irrespective of what they have earned.  In the same way that we have collectively indoctrinated our young with a false self-esteem over the last two decades, so too have we indoctrinated them with the notion that they are owed all the prosperity they see in the wealth of others.

We’ve made the dangerous error of neglecting to explain to them that such prosperity is the product of hard work and thorough preparation with a necessarily diligent attitude toward one’s life and prospects.  In short, we have created an army of people who aren’t merely amoral, as some have suggested, but instead thoroughly immoral, who see the world through the cracked and skewed lenses of their own immediate, range-of-the-moment self interests, without respect to their long-term well-being.  “What pleases me right now?”  This is the standard of their moral belief.  They have no reliance on any religion excepting only a belief in the myth of their own entitlement.  If we permit them to go further, we are signing our own death warrants, as there will certainly come the day when they no longer see our value even as those who provide their loot.

In a hopeful moment, the Mayor of Philadelphia, Michael Nutter,  admonished particularly the black youth in his own city who have been igniting their own first embers of a similar fire with the new phenomenon of flash-mobs and the mob violence they have been increasingly spawning.  There will be those who view this as no big deal, and a problem without wider implications because we’ve seen riots in our large urban centers before, but any who would dismiss this as more of the same are making a grave error.  This isn’t a problem confined to urban or African-American areas, but instead a strong tide running through the core of most of the country’s young.  This is a widening of the war against capitalism, and these mobs are the first foot-soldiers.  Make no mistake about it: We are facing a global catastrophe unlike any in our history since at least the civil war, and if we don’t stand to oppose it, we’ll become its victims.  Some of you will be crushed to find that the young people you’ve raised, under your own roof, and of your own flesh and blood may be in the process of joining this wave.  These are the opening shots in a war to determine the course of the world’s future, and it’s time for the real adults among us to begin confronting this now, on the front end, before we inherit a true disaster in violence on the back end.

Our time is running short.