Guest Post: Peace In Our Time

Tyler Durden's picture

Submitted by Miles Kendig

Peace In Our Time

"History doesn't repeat itself - at best it sometimes rhymes." Mark Twain

The Rhyme This Time

In 1938 the citizens of the major European powers, Germany, France and the UK, along with isolationist America, having suffered grievously during WW1 were willing to believe almost any lie that supported the prevailing sentiment.  Sentiment exemplified by the aforementioned timeless speech from Neville Chamberlain.  Today I see a European political and economic elite clinging desperately to the notion that any action that calls into question the current construct of pan-European “unity” must be quashed to preserve the peace.  The reality from the available evidence suggests that what these elites are more fearful of is broad realization that this current construct is as fatally flawed as the one in existence in 1938.  

The flaws today are rooted in in several key premises and include:

  • The foundation that all Euro area sovereign debt is equal in risk
  • That the nations within the EU and more importantly within the EMU share a common goal of preserving the structure through accurate & timely reporting of national fiscal policies and actions
  • That no member state will be called upon to fiscally support another member state
  • That the common goals implicit and explicit of those nations within the structure will always endeavor to maintain their close relationship to ensure a smooth functioning and strong perpetuation of the structure

Today these premises seem as tragically laughable as those that underpinned European stability and peace in 1938.  All one need to is look at the daily chart of where member states sovereign debt is trading in relation to one another or the like flows in the bank paper of the various member states to realize that all sovereign and money center debt is not created or considered equal.  In this it has now become generally accepted that member states and their financial institutions will do ANYTHING to preserve the illusion of adherence to reporting standards while doing EVERYTHING within their power to circumvent them.  In this every member state has an explicit need to perpetuate this unhappy set of circumstances.  Circumstances that directly undermine the whole concept of relationship be it between individuals, firms, institutions and nations.  These and their supporting cast of permeations are proving to be as durable as The League of Nations back in 1938.

I observe that a major difference between 1938 and today is that, using Czechoslovakia and Greece/Ireland/Portugal and soon Italy, Spain [PIIGS] as comparative examples is that the Czechs of 1938 fought annexation far more rigorously than the PIIGS nations today as the leadership of the PIIGS and indeed of all Europe are now members of this eras NSDAP.  Now for all my German associates I am not equating Germany as ‘responsible” for all of Europe’s woes.  Rather, as Wolfgang Manchu has noted, Germany’s banks, like those of every other NSDAP/EU/EMU member are hopelessly over levered and thusly fatally exposed to an unwinding of this flawed structure.  In this Franco-German growth has been bankrolled by their own methamphetamine addicted money center institutions and those of other co-opted nations like Belgium, Luxembourg, The Netherlands, Austria, The PIIGS and more.  Catch 22 since to introduce “Peace In Our Time” these very nations must first accept the insolvency of their economies and the theocracy that underpins them.  No small wonder these very nations and their money center institutions no longer trust in the “special relationship” as evidenced, in part, by where what remains of market participants money flows.  Made even more amazing, and not so, that most of these flows are being premised upon the money center institutions and their subservient governments positioning in this latest iteration of relationship loss.

Today’s Appeasers

Given the facts of life as they now exist it is no small wonder that the biggest appeasers to the status quo are, well, nearly everyone.  Most especially those whose political power is premised upon what Charles Hugh Smith recently penned [bolding mine]:

Thus anyone who promises that their share of the swag will remain untouched wins, and anyone who suggests the swag is unsustainable is rejected as "judgmental" or "negative." To the degree a nation gets the leadership it demands, then the U.S. is in trouble. We're now a nation of spoiled teens who get to elect their parents. No surprise, the 'rents who never enforce any rules, never challenge their own bosses (the kleptocrats) and who dole out the most allowance win every time.

The only thing here is that the people of Europe and their social and political structures are even more dependent upon this supporting reasoning to perpetuate their incinerating political and economic structure.  Wondering why the people of these nations are willing to do ANYTHING to include loss of what EU President, Jean-Claude Juncker calls national sovereignty, assets [like a sovereign bond, note or bill states it’s asset backed] and the further destruction of its financial future through the incestuous compromising of their financial and political institutions is laid bare.  This set of circumstances that perpetuate the disintegrating structure of perpetual debt enslavement at the hands of the debt meth addicted dope slingers and users leads to a look and action many here off South Main Street USA already know all too well.

"Twenty years from now you will be more disappointed by the things that you didn't do than by the ones you did do. So throw off the bowlines. Sail away from the safe harbor. Catch the trade winds in your sails. Explore. Dream. Discover." – Mark Twain

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Guy Fawkes Mulder's picture

For all that this is worth, Alex Jones is screaming Red Alert:

SparkySC's picture

Got Ponzi? Yep. 

We've got the whole World Ponzi in our hands.

Are the Roths and Rocks Reptilian ?

Transformer's picture

Guy, so I'm not the only one here who listens/watches Alex?

A.W.E.S.O.M.-O 4000's picture

I listen as well. But in smaller doses. Too much reality isn't good for the soul.

Guy Fawkes Mulder's picture

I watch a lot of feeds. I'm usually inclined to check out feeds that say "Alex Jones said something important today, here is a 1 minute / 10 minute / 1 hour clip."

Alex puts out too much content for me to listen to all of it.

The guy is a machine for anti-NWO.

Alcoholic Native American's picture

Well if I had to chose I would go with Obama to dictate the U.S., he just took out Usama Bin Laden and has Al-Qaeda terrified and on the run when Bush couldn't.  He get's shit done.

May our should be dictator lead us into massive austerity to help get the country back in financial order next.

4 more years.  Time for Obama to finish the job.

Guy Fawkes Mulder's picture

We are going to need a lot of true patriots like you if we are going to implement this temporary, emergency-basis-only dictatorship effectively.

I like Obama so much too.

He gives us almost anything we ask for and he doesn't afraid of anything.

HungrySeagull's picture

No Sir!

Every man or woman has ONE thing they are afraid of.

They will never admit it to thier mother or anyone else what that fear is.

It's up to the Torture Professionals to find it.

Sudden Debt's picture



We have the combi waterboarding for 2 special with a DISCOUNT OF 50% today!

Will you be paying with Paper or plastic?


BigJim's picture

Plastic, obviously. Non-leverage is for losers.

StychoKiller's picture

Room 101 is a time-share that YOU DO NOT want to buy into!

FeralSerf's picture

"Time for Obama to finish the job."

And that job is?  I still haven't figured that one out.  (I do have suspicions  though.)

A.W.E.S.O.M.-O 4000's picture

Dude, every time you question the President it's just like punching America right in the face. Are you happy now?

bigwavedave's picture

all i see in the video is the early teething troubles of propoganda. maybe chamberlin was right and britain should have settled with germany. they would not have lost the war or empire for sure. so now the germans are cleaning up the mess of greece, italy, spain and ireland. all aligned countries (give or take) during ww2. some grand schemes never change. just the bullshit changes. and we dont wear hats anymore. how sad.

Flakmeister's picture

We're fooked.... but this is a bad parallel...

slewie the pi-rat's picture

it worked ok for me, F_meister, to the extent that appeasement = kicking the can down the road

oogs66's picture

great mark twain quote

Amish Hacker's picture

Come away!

Hear the calling of the moon

And the whispering scents that stray about the idle warm lagoon.


Rupert Brooke

HungrySeagull's picture

You mean the warm spot of yellow inside the "Blue Lagoon"

Cognitive Dissonance's picture

I guess we just add this to the other lies we all repeat, but never believe, such as "The check's in the mail" and "I'll still respect you in the morning".

FeralSerf's picture

I thought it was: "The check's in your mouth and I won't come in your mailbox."


bob_dabolina's picture

Great haircut @ 2:07. Just sayin'

Is that the type of haircut bond holders are afraid off?

malikai's picture

Is it just me, or did the guys tend to hold up better than the gals? And seriously, meth bugs (the cause of all the scars on their faces) suck.

BigJim's picture

Agree. The guys, mostly, just look older.

HungrySeagull's picture

No, the Peace you see is a Society planning the next move.

Bartanist's picture

Personally I believe that they are mosy afraid of coming to the realization that they are not needed, wanted or important enough for anyone to give a damn about. They are simply lazy parasitic looters who, for the most part have pull, but nothing of substance to contribute.

Do I wish they starve to death? Maybe ... since they care nothing for the many thousand who starve to death daily.

SDRII's picture

egypt rioting back as govt request more tanks from usa - after aquitting mubarak flk and floating idea of delaying elections per alleged western pressure

jfrance minister saying libya needs a negotiated settle and joining the italians in calling for end of disagrees

us threatening to cut off pakistan aid after last week the us joint chiefs head calls out pak isi for murder

isreal sumbits delineation of offshore borders sure to draw fire from lebanon over gas fields. this as erdogan calls on isreal to apologize for flotill and end gaza blockade

 saudi prince writes scathing editorial in wapo saying time to move beyond us and israel re palestine who is set to declare unilateral statehood.

assad massed around hama and turkey threatening to send troops in via nato backing ffor buffer zone for opposition in rerun

panetta in iraq looking to be invited to stay for a while 

iran tested long range missles back in jan but leaked out this weekend

japan says fukushima cleanup to be decades while another 7 plus strikes offshore.

merkel under pressure for saudi tank deal

armenia and azeri tensions escalating

geither saying going to get harder


bullish for s and p 

slewie the pi-rat's picture

jfrance minister saying libya needs a negotiated settle and joining the italians in calling for end of disagrees

the moQ, last friday, for the second friday in a row, said he was gonna attack europe  if they didn't cease after 6,000+ bombing missions.  this time, he threatened "martyrs" from libya.  kinda charming, in a sense, when you figure many people, upon leaving for some reason, cancel the return flight and desert or join the rebels.

bastille day is coming up thursday.  the french are on the phone...  LOL!  just abt a week after air-dropping weapons into the nafusa mountains, for the rebels.  after agreeing to an embargo that would not allow arms to come into the country for either side.  blahblahblah. 

so, this is pretty much a joke, except it makes the UN so happy that people talk of peace while they kill each other under the bombs of NATO's friendly UN-sanctioned no-fly skies.

zorba THE GREEK's picture

 The term PIIGS is a derogatory term which I believe was coined to blame these countries

 for the state they are now in. But like drug addicts, they became addicted to debt and it was

 the "pushers" who kept them addicted and now want to take everything they own for another

 fix. Who are the real PIGS? We know who they are, and when they're done with Europe, they

 will be coming our way. I hope these indebted nations find the courage to break away from

 their debt-masters and start over before it's too late. WAKE UP Americans!!! Our chains are

 being forged now as our leaders are preparing the final plans to ensure our debt slavery 

 for generations to come.

el Gallinazo's picture

I agree totally with you about PIIGS though I am afraid it is here to stay. I like the term GIPSI much more.

tip e. canoe's picture

+ 1 roving caravan....something tells me the Roma will be having the last laugh.

FeralSerf's picture

It is derogatory, but hopefully it might cause some of the locals to realize what The Real Pigs think of them, and rise up and kill the motherfuckers.  Or, at the very least, not pay them.

bigwavedave's picture

it was coined by the head of asset management at goldman sachs.

citta vritti's picture

a counterpart to Bric shorthand, and (un)happily recalling old adage about bulls and bears making money, but pigs getting slaughtered? takes one to know one I guess. 

Reptil's picture

Ok, good point. Could make some more connections about the why and how it all went pearshaped. Raises some questions about systemic flaws, that were supposed to be solved by now. Instead of doing so, the powermongers went to bed with multinationals, and crooked politicians. You're looking at it from a fiscal, monetary POV which is correct because, apart from erecting all kinds of burocracy without oversight, they managed to do little else (yet).
I've posted this before, but see no qualms in doing it again:

A MUST SEE about the inner workings (corrupt backroom undemocratic) of the EU.

it can be a success but the fundamentals must be good. WHAT A PITY!!!

You cannot build a unity on secret clausules in treaties that are put to be the foundation of law (Treaty of Lisbon)!

You cannot build a unity on just the interests of a political and financial elite: there must be a broad consensus. THEY HAD THIS CONSENSUS at the beginning of the century, but the men that were supposed to build, slowly, got greedy and grabbed the power, before they actually had it. NO german and dutch citizens will support a betrayal like doing away their Constitution, because some politician deemed them to dumb to realise the importance of a union.
So.... in their arrogance, they bypassed the source of their power, the electorate. And thus THEY destroyed europe, not the people that will now fight against them, and anything european.

If they continue, the dream will fall apart completely. We're not all as easy going as the belgians themselves (who are divided and don't mind NOT having a democratic representation), we actually put value in that democratic system, that our ancestors fought for, for centuries. The rule of law is taken seriously by the people here. You can see that in tax income (money as one measure of many). But now, the FOOLS, have disposed of this law (the basis in the Constitution), they have disposed of the SOCIAL CONTRACT between citizens and state. The citizens will then DISPOSE OF THE STATE. They are left with little else.

And still they deny any wrongdoing.

Here an oversight of all the bodies that make up the EU government structure.

NOTE please that there are no guaranteed feedback loops, as put forth in a TRIAS POLITICA!!

With this recipy for organisational disaster, where the European Commission took on power beyond their role as executive branch, the fiscal mess should come as no surprise. It is IMO the logical result.

jakethesnake76's picture

Yes ,i do see some parrellels , the Emperor hath no clothing , and anything can be proposed and started when this prevails as with us and our current stock market and debt etc , remember Churchhill was considered a lamebrain during this period ..We that see don't want to be able to say and don't look forward to i told you so..

bigwavedave's picture

churchill was a man who rode a horse in to battle (in South Africa) you could not find a more black hating, royalist asshole anti-republican than churchill if you tried. look it up.

Roger Knights's picture

"We're now a nation of spoiled teens who get to elect their parents ... who dole out the most allowance win every time."

Grease in our time.

AbbeBrel's picture

This is about as hopeful as expecting the Vampire Squid to do you a favor, and play by the rules, instead of playing the fools, and in the end everybody is sitting around with their face ripped off.  L'enfer, c'est les autres.   If you have no eyelids, you cannot shut your eyes to what is all around you, no?   That is indeed hell.

TK7936's picture

Oh boy, get some history lessons. The National socialists despised Banks and the compound interest system like the devil holy water. Equating them with a (ironicaly jewish led) Banking Cartel of today is retarded. If there is any comparison of the EU then it would be the Soviet Union at best. But really history doesnt work that way.

bigwavedave's picture

if you understand your political and economic history you can tell me now if Singapore is not the perfect NAZI state?

rwe2late's picture

" Oh boy, get some history lessons.The National socialists despised Banks ..." -#TK7936


But  "history" doesn't particularly support that statement.

 Check out the history of the B.I.S.


Anonymouse's picture

For a daily argument from the Euroskeptic point of view, read Daniel Hannan's blog (a conservative MEP from South East England).  His 2 minute speeches are brilliant (even if the empty parliament chamber never hears them).  Includes many sound arguments against bailouts, for return to sovereign currencies, and disbanding of the European Parliament.

It also includes a great speech on "Why I am a Conservative" with an introduction by Sen. Jim DeMint (pairing my favorite politicians from each side of the Atlantic)


mcguire's picture

on the prospect of peace... this is essential reading!!!

Anonymouse's picture

Wasn't this report discredited as a fraud?  Dredging up memory from 10-15 years ago, but I thought it had been debunked.

Urban Redneck's picture


If it's on the Internet it must be true.


For all the ranting against the easily (mis)guided sheep, I have the increasing suspicion that if most people were taken into a non-descript room in 2002 and shown the raw intelligence that was gathered and analyzed as evidence of WMD in Iraq that they would emerge from said room and testify, "Hallelujah! I've seen the truth, I've seen the facts, and there's WMD in Iraq."  

They would arrive at that conclusion not because there was a strong case, but because they do not actually know what a strong case is- the ability to synthesize information and construct a pointillist tableaux whose message is not diminished by the subsequent verification of the veracity of its claims- is being lost, if it ever even existed. 

Take any jury of 12 citizens, sitting in judgement- what are the chances that justice as an outcome mirrors justice as a process, when a side that is wrong advances a more easily accepted tableaux to connect the dots to the jury?   


bigwavedave's picture

this deserves a response. yesterday, i just finished reading John Grisham's 'The Runaway Jury'. I live in the 3rd world and my wife buys me books from yard sale. It was my first Grisham novel.

in this book are all the reasons why and wherefore, written by someone who is either dumbing himself down delibertately or cant write prose for shit. probably both. i have no idea if there is an agenda here. it almost seems like a call-to-arms for people who read. lol. who reads?

no. i decided that amongst the upper quintiles of USA 'readers' there must be a super majority of total idiots. just like the super majority of tv watchers, or newspaper readers.

i cant fathom anyone who thinks this guy is best seller material. my own world of people who have "the ability to synthesize information and construct a pointillist tableaux whose message is not diminished by the subsequent verification of the veracity of its claims" now doesnt even include John Grisham or any of his fans. how fucking highbrow do i have to go? truly sad.

Highrev's picture

Another ZH post that reveals ZERO understanding of modern Europe.

(But I guess we really can't ask much more from people who have ZERO understanding of their own modern context.)