Soros Thinks The Unthinkable About Europe
In a lengthy, honest, and somewhat gloomy op-ed in The New York Review Of Books, George Soros follows a similar tack to our post yesterday with regard to the current crisis and its origins in and similarities to the 2007/8 subprime crisis in the US. He then steps into discussing possible resolutions and does what any and all Keynesian-clowns are unable to do - think the unthinkable in order to reach a tenable solution.
In just four steps, he outlines how the unthinkable could be possible but critically (as we are well aware) explains the German-centric nature of any resolution (and the change of heart required to get there). A bona fide taxing-and-borrowing central treasury under a new treaty seems the approach-du-jour for Mr. Soros and while it may have merit as an 'unthinkable' idea, he ends with the threat that [his approach] "is the only way to forestall a possible financial meltdown and another Great Depression".
The Start
The euro crisis is a direct consequence of the crash of 2008. When Lehman Brothers failed, the entire financial system started to collapse and had to be put on artificial life support. This took the form of substituting the sovereign credit of governments for the bank and other credit that had collapsed. At a memorable meeting of European finance ministers in November 2008, they guaranteed that no other financial institutions that are important to the workings of the financial system would be allowed to fail, and their example was followed by the United States.
Angela Merkel then declared that the guarantee should be exercised by each European state individually, not by the European Union or the eurozone acting as a whole. This sowed the seeds of the euro crisis because it revealed and activated a hidden weakness in the construction of the euro: the lack of a common treasury. The crisis itself erupted more than a year later, in 2010.
The Current
Risk premiums that must be paid to buy government bonds have increased, stocks have plummeted, led by bank stocks, and recently even the euro has broken out of its trading range on the downside. The volatility of markets is reminiscent of the crash of 2008.
Unfortunately the capacity of the financial authorities to take the measures necessary to contain the crisis has been severely restricted by the recent ruling of the German Constitutional Court. It appears that the authorities have reached the end of the road with their policy of “kicking the can down the road.” Even if a catastrophe can be avoided, one thing is certain: the pressure to reduce deficits will push the eurozone into prolonged recession. This will have incalculable political consequences. The euro crisis could endanger the political cohesion of the European Union.
There is no escape from this gloomy scenario as long as the authorities persist in their current course. They could, however, change course. They could recognize that they have reached the end of the road and take a radically different approach. Instead of acquiescing in the absence of a solution and trying to buy time, they could look for a solution first and then find a path leading to it.
The unthinkable (and just four steps)
To resolve a crisis in which the impossible becomes possible it is necessary to think about the unthinkable. To start with, it is imperative to prepare for the possibility of default and defection from the eurozone in the case of Greece, Portugal, and perhaps Ireland. To prevent a financial meltdown, four sets of measures would have to be taken.
First, bank deposits have to be protected. If a euro deposited in a Greek bank would be lost to the depositor, a euro deposited in an Italian bank would then be worth less than one in a German or Dutch bank and there would be a run on the banks of other deficit countries.
Second, some banks in the defaulting countries have to be kept functioning in order to keep the economy from breaking down.
Third, the European banking system would have to be recapitalized and put under European, as distinct from national, supervision.
Fourth, the government bonds of the other deficit countries would have to be protected from contagion. The last two requirements would apply even if no country defaults.
The Problem
All this would cost money. Under existing arrangements no more money is to be found and no new arrangements are allowed by the German Constitutional Court decision without the authorization of the Bundestag.
[Any solution] would presuppose a radical change of heart, particularly in Germany. The German public still thinks that it has a choice about whether to support the euro or to abandon it. That is a mistake. The euro exists and the assets and liabilities of the financial system are so intermingled on the basis of a common currency that a breakdown of the euro would cause a meltdown beyond the capacity of the authorities to contain. The longer it takes for the German public to realize this, the heavier the price they and the rest of the world will have to pay.
The Solution
There is no alternative but to give birth to the missing ingredient: a European treasury with the power to tax and therefore to borrow. This would require a new treaty, transforming the EFSF into a full-fledged treasury.
The Alternative
...a possible financial meltdown and another Great Depression.
Read the full article here.
While it does seem apparent that our European brethren are pricing (sovereign debt and the entire capital structures of European financials) for the kind of scenario that we, Jefferies, Bass, and now Soros are concerned with, US equity market participants remain calmly aloof to the unfolding quagmire - if only they could look back and consider how Lehman impacted the rest of the world.
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The ultimate ASSCLOWN talking his book.
Exactly! It's TPTB's wet dream to have a european central bank with unlimited printing ability, too.
We can only hope that we can prompt the collapse of the EZ (and EU) back to sovereign nation states, and national currencies, to deny them their 'base camp'.
I love his approach "it is unthinkable, but you know, we really need to do this or DISASTER. Oh and by the way it will be Germany's fault if it doesn't happen."
Fucking dark sith lord.
Someone pull the pin on the EU grenade already, I'm getting tired of hearing these bozos talk. Let's get to the Greater Depression.
ECB: "This is a crisis! We must vote the ECB emergency powers to deal with these issues"
Palpatine: I love the ECB, I love democracy, the power you grant me will be returned once this crisis is abated!
<incessant cackling>
Palpatine to ECB: I am sending you my apprentice, Darth Bernanke, he will instruct you in the power of the printing press. He is your new master!
It was obvious to most ZH readers that this is what would happen. The people may resist, but they will be voted down by their own politicians.
I would just add that the Fed will be bailing out Europe until this is put in place. The same bankers that own Europe own the Fed and have been wanting this political "solution" in Europe all along.
The only question remains, can we make money on it?
Soros has taken a page from Paulsons book... 'give us the $700 billion or their will be rioting in the streets'...
Screw the azz hat... Maybe a melt down will rid us of the banker parasitic scum.
Reminds me of a 1970s National Lampoon cover
http://en.wikipedia.org/wiki/National_Lampoon_%28magazine%29
I don't fear a depression, nor do the public - where already there. We fear more powers given to the bankers. Mark my words: europeans will not stand for this without blood on the streets.
nobody can give bankers more power. they have already all power the world has to offer. population is check mate.
I'm not sure about that. Sheeples will be sheeples.
Mark my words: europeans will not stand for this without blood on the streets.
Germans. So expect it to get noisy as the DAX starts to free-fall again.
But perhaps the base camp is intended to be US/Canada/Mexico?
I think this is meme planting from the memers.
Overall, i think they will not be denied unless one of two things happen:
1) Massive with-drawl from the system by a mass of people (60-70% of first world)
2) Something even more radical like the world turning vegetarian overnight. That will leave them no death energy to feed off. Of course the meat-lovers here (of which there are plenty) will junk this to death, but, just for a moment....think... ;-)
ORI
Tipping points
You are EFFFING batshit.
Soros is a huge Michael Bolton fan
Don't trust that sucker...
I bet glen beck will say the same thing on his next show on fox... oh wait, never mind.
Your comment is stupid, forest.
That's because he is too
Although the uk is not in the euro, if you let the voters here anywhere near a referendum, it will be a crushing vote to leave the euro area. The banksters and the Elite know this, and are frantically running around trying to protect the status quo.
Atleast Soros is proposing a solution. Only one problem, it's not going to happen. The EU, and the Eurozone specifically, are almost designed not to be able to act quickly.
It's rather like an oiltanker, it'll take it a long time to stop, let alone about face.
As my fellow countryman english Serf has said above, the distrust of the EUtopian plan in the UK has spread across Europe. The people of Europe no longer believe that an integrated Europe is afair Europe.
If Governments try and impose an undemocratic solution, they'll be more civil unrest and possibly revolution.
Which is why Cammeron has broken his pre election promise to hold one. I for one will not forgive or forget.
On a lighter note, the last paragraph of the article from `The Independant` may make you spill your coffee.
http://www.independent.co.uk/news/world/europe/angela-merkel-undermined-by-outspoken-mps-2354986.html
Go Silvio! that friggin funny!
Which is why - UKIP conference draws record numbers
http://www.ukipmeps.org/news_349_UKIP-conference-draws-record-numbers.ht...
www.silverrevolucion.com .... nice
I guess good old fashioned austerity is out of the question.
I guess good old fashioned austerity is out of the question.
" he ends with the threat that [his approach] "is the only way to forestall a possible financial meltdown and another Great Depression".
Soros is arrogant and talks as if we are all ill-informed idiots. anyones with two working brain cells know we have been in a meltdown and great depression for three years. besides being a shoe-polisher for the illuminatti, soros is just a usless eater.
Soros excelled at turning in his Jewish neighbors to the Nazis. No shit. In his own words, this was one of the most "exciting times" of his life.
The guy actually likes having a dog collar on and sniffing out his friends to the Nazis. Unbelievable.
Fucking-dark-sith-lord.
No shit.. I can't wait to read the headline "Maniacial 'Sith Lord' Billionaire Found Dead from Aparent Feltching Experience Gone Awry"..
Felching with a Gerbil
http://www.youtube.com/watch?v=W0pNeDMowCY
that one.. never.gets.old...ever..HHAAHAH
If this is the truth, why have mossad not taken him off the board?????
Thanks for the illuminating confirmation of his well held opinion.
"There is no alternative but to give birth to the missing ingredient: a European treasury with the power to tax and therefore to borrow. This would require a new treaty, transforming the EFSF into a full-fledged treasury."
Ah Yes.. If only we give more power to a central taxing, banking authority with no allegiences to any particular nation-state (to which these vampires will undoubtedly have back door access) all our problems will be solved.
Can we say soros needs the osama treatment, complete with burial at sea? or is that over the top?
You are too kind..
these 80 year olds have ruined us...all they are keen to see is perpetuation of their way of working
My mate said much the same thing yesterday.
OK, they probably believe that central global governance is an improvement over what we have now. And it might be, if it was allowed to happen naturally and organically over time (I'd guess that would take at least another century, probably more), instead of being violently forced upon the world to benefit a bunch of sociopaths who want to see it in their lifetimes simply because they desire the power of life and death over the entire human race.
I think the key difference between a good man and an evil one is actually pretty simple;
A good man wants his children to inherit a world that's better than the one he himself inherited, and will try to help the course of that improvement by his deeds.
An evil man simply wants his children to inherit the world. (Though preferably one that he has shaped to his personal design, of course).
"Spookie Dude" words create expletives in my head. Don't you just love this guy (NOT)! I guess Obama got his imperative tone from the Spookie Dude--pass this plan now, bail out Europe now, they say.
the man is a failed philosopher...reflexivity is a joke
Fucking stupid Germans - you dont know whats best for you.
Let Papa Soros enlighten you...
Classic Soros, only the world is all to aware of this asshat's modus operendi. How long are you George? And, lest we forget that you are the world's foremost expert in forex insider trading, if these ideas are even remotely implemented, how much do you gain?
Yeay! New puppet show!
The politicians refuse to see that their whole European Union project is a disaster and is literally falling apart. Instead of doing the right thing by abolishing the whole idea and making themselves unemployed in the process, they desperately hold on to their newly acquired powers. By understanding history we know what that means. Increasing their powers is the only way for failed leaders to hold things together a little bit longer.
Putting Greece, Spain, Italy and all the other countries with huge debt and fiscal problems under the same fiscal umbrella as the stronger economies of the north is not a solution. It's just a guarantee that the nations with sounder economies will soon join the rest.
http://www.economicfreefall.com/
"There is no alternative but to give birth to the missing ingredient: a European treasury with the power to tax and therefore to borrow. This would require a new treaty, transforming the EFSF into a full-fledged treasury."
So is he basically saying that they will have to print their way out?
Doubling down on a closer, more perfect union. Integration to bring everything under the globalist umbrella. They are control freaks.
Do not trust the fucking-dark-sith-lord.
You dont get the final picture:
here is what he wants:
1. Print until hyperinflation kicks in
2. Once the hyperinflation kicks in, watch it to break apart, riots etc.
3. Create sides, like the southern EU and northern EU
4. Watch them point first fingers, than guns at each other (who is more pissed the greek commie or the german "by the book" employee of the month" ?)
5. Secretly in the middle of the night (Rothschild style) finance both sides, their guns and get ready for blood spilling (blood = new debt, new teritorries etc = new wealth, BUT ONLY FOR THE CHOSEN FEW)
ITS TIME TO DO WHAT NEEDS TO BE DONE, send the "bankers" a present, YES they have the power, but the belong nowhere, we know who they are and the final solution will be done, even if half the world was destroyed by nukes, but there will be no more soroses
I actually heard THE LIST is being made, I wonder when it will start to surface?
I hope it will have photos and addresses on it...
I actually heard THE LIST is being made, I wonder when it will start to surface?
I hope it will have photos and addresses on it...
Guillotine them ALL!!
Nope. Woodchipper. No chance of the zombied f'ers coming back then. And we could use the chum to get in some fishing from one of the superyachts freed up by their, uh, exit...
There is a solution, its the final solution
Soros plays the game of both sides, just like Rothshilds, Goldman Sachs etc. etc.
NO MORE LIVING ON CREDIT AND SPENDING MORE THAN WE CAN AFFORD and also, no more soros, blanksteins etc
Current burocrats of EU need to be all "photographed" by the wall for the crimes against Europeans. Merkel, Sarkozy they all need a BIG picture
Arabs are ready, r u ?
Just talking his game. IF he is depending on the German people to change their minds, I do believe he will regret that decision.
Take away all the financial games, and you still have a world filled with resources. We then get to create a new, and hopefully better, way to distribute them.
So basically, BEND OVER?
- Give up all sovergnity OR
- Lose everything you've got into a depression
Third option : arrest the bankers, hang them, default on all the fake debt.
Or realize his Depends is probably backed up, and ignore him...
George. Have a tall cool glass of shut the hell up.
I am missing "Nationalize the banks" in his "solution", but that would be more than one can expect from this World Government sucker. Maybe he realizes that there are not many places to hide for his billions.
Or instead of giving the monetarist banksters what they want, including Soros, the people could demand Glass-Steagall. Let the rest burn.
Soros's way leaves the banksters in control and above everyone nation in Euroland.
His idea is complete bullshit, and even then would do nothing to actually solve the crisis...just find a mechanism for more bailouts....of fraud.
Glass-Steagall (worldwide)
This whole threatening stance is now pathetic.
edit: cut some mud
TRANSLATION: Give up your sovereignty OR ELSE YOU'LL FALL INTO THE ABYSS OF THE GREAT DEPRESSION~!! Just like the banker/treasurer Paulson and the TARP.
This, of course, Soros' plan for a united socialist/marxist Europe where he and his rich cronies are in charge.
Its bad enough that the ECB routinely breaks its charter through monetization of PIIGS debt; can you imagine what a European Treasury would do (think the US Federal government without constraints) born out of a crisis?
I hope the Europeans understand these bastards ARE NOT WORTH LOSING THEIR DEMOCRATIC PRINCIPLES FOR.
Time for a major redo of the global financial system.
“Those who desire to give up freedom in order to gain security will not have, nor do they deserve, either one.”boy does that sum this whole mess up!
Just create new european currencies with exchange-rates based on the interest-rates of their national bond/ debt. .. is that so new, difficult, or complicated.
What i don't get, is how, in this case Soros, would suggest that the interconnectivity is too strong to let the Euro fail - when people manage to solve trade issues through 'mediums of exchange' - it sounds like he's keen to protect the current banking and financial system: newsflash- look around, one sixth of the US in poverty - that's your precious financial system, massive inequality, massive. .
..and there are other ways, of course there are other ways, to solve the problem. But the problem isn't that governments spend too much, or that banks are out of money, or that Central Banks somehow have access to unlimited amounts of money to give anyone they like. The problem is that too many hard-working and honest people have gone to ground without the ability to continue their progeny.
There is no alternative but to give birth to the missing ingredient: a European treasury with the power to tax and therefore to borrow. This would require a new treaty, transforming the EFSF into a full-fledged treasury.
The problem, Mr Soros, is that there is Zero, zip, nada, no chance whatsoever that we, the people of the nothern countries, will accept this so called ingredient. The lack of political will is just mirroring the will of the people, and that will is darn obviuos...
The Eurozone needs to remain united for one thing and one thing only, WWIII.
Oil is running out and it's at the point where THAT commodity becomes increasingly difficult to buy in large enough quantities that the real shit will hit the fan. I guess the EU effectively has about 10 years or so to get tooled up, assuming everything else remains equal. Streamlined, unchallenged money creation is required to wage war.
Maybe this current financial war is WWIII, or maybe it will come down to a bloc of countries waging real, dirty war on other blocs. Either way, Europe needs to be united to fight it.
We won't know until history is written.
Oh what a surprise.
The clown who wants a one world government claims the solution is to centralize more power.
Up yours, George.
Exactly right, if any of the PIIGS default or take a haircut it will impact the liquidity of even the solvent DE, FR and NL banks. Regardless of wether it is a euro, lira, drachma, etc.
If these PIIGs dod go back to the currency there would be an instant haircut via currency devaluation.
One piont he left out is that the PIIGS, esp Greece need to realize thier politicians and bankers caused this mess and now austerity is required. It is not the Germans fault but thier own countrymen/women.
This will be ugly before it gets better
sacrifice democracy and freedom because disentangling euro based accounting is too complex? aww, go on, give it a try. and remember: the bondholders, stockholders and current management are the first to make a sacrifice, not the last. see how far that gets you.
Soros, still thinking with an old-worlde mentality.
He thinks things can stay the same, all you have to do is get rid of democracy (all right quasi-democracy).
He needs to start thinking blue-sky. Everything is going to change: money, financial robbery cliques, power-bases, media, peoples attitudes to authoritarianism, the works.
It is true that the dumbasses in European corridors of financial and unelected power can dream of their single European empire, but they cant implement it, no matter how much scare-mongering they crank up in the next few months.
As many posters have said, the people are not afraid of an induced depression; and there is an entire generation of people coming up who really dont give a sh*t about the rules.
Sowed the wind, well reap the whirlwind.
That's because the younger generations have nothing to lose. The Boomer parasites have squandered the world's wealth and concentrated all of it into their hands. Even now most of them are just hoping to make it to the "finish line" (their death) before this shit falls apart. Most of them that are vaguely aware of the shit storm that is coming will tell you that straight up - they just want to spend all of their money, live in comfort, and let their descendants worry about the problems they created.
I don't respect the intelligence of these younger generations, but I do take hope in their sheer irreverence. It seems they simply do not give a fuck. I hope it stays that way. I'd hate to see them be bought off with cheap fiat dollars and iCrap trinkets. Another generation of rebels turned into a bunch of corporate whores and parasites, like the Boomers.
Gen-X is mostly a bunch of push overs, they are as self interested as their Boomer parents but without the compulsion to micro-manage everything; the compulsion to tyranny. For the most part they just want a pay check and keep their heads down. They won't step into the power vaccum that will be left when the Boomer Parasites finally start dying enmasse.
Which means there is a chance to right this ship.
There has been a very interesting programme on BBC, where film clips from 70 years ago and more have been shown.
What they show are a crumbling empire and in some detail, the abject poverty that most of the working class members of that crumbling empire lived in. Lest we forget, we've only had half-decent standards of housing, sanitation, public health for a relatively short time... and now, you guys want us all to go straight back to the dark ages, just so you can be proved right?
Is everyone on here an economic/moral nihilist?
FOG, Whats your point? are you suggesting that if the nation states of Europe do not cede the right to levy taxation to a central, unelected cabal of bankers and pen pushers that we will return to the dark ages? please explain.
Although the uk is not in the euro, if you let the voters here anywhere near a referendum, it will be a crushing vote to leave the euro area. The banksters and the Elite know this, and are frantically running around trying to protect the status quo.
In that case, we'd deserve all we got, following our exit.
The Eurozone is far from perfect, but neither is the UK. If we'd been in the Euro, we would have been the first domino to fall, as our own finances are shakier than almost all the rest put together. Just look at our debt per capita ratio. We went on a spending spree like there was no tomorrow. Look at OUR housing bubble. Look at OUR total lack of manufacturing and exports.
If anyone has been living in cloud cuckoo land, we come a very close second to the USA. Need I say more?
So what you are saying is that - if the UK had been in the Euro - it would already be toast, like Ireland. I agree. Therefore the fact that the UK has an independant treasury and central bank is good! Centralising the setting and collection of taxation to an unected commission, would be truly awful. The last vestiges of democracy would be gone.
I never thought I wold see the day that the Socialistic states of Europe became our last stand for freedom against Bankers?
Fuck..its over....
"As many posters have said, the people are not afraid of an induced depression; and there is an entire generation of people coming up who really dont give a sh*t about the rules"
who really don't give a sh*t about the rules
you're talking bout my generation right?
man, they do not have the slightest clue what they're up against..
im a gen y, and was "trained" to rebel....
oooh, yeah, Gen Y, trained to rebel.
Is that why there have been *No* protests in the streets of the USA? The country that has seen the biggest Bank Heist in History? Trillions of taxpayer dollars to bail out billionaires, bomb foreign countries, and pay giant bankster bonuses.
No rebellion at all where it counts most. Hey, did you see Jerseylicious last nite?
Most posters on ZH appear to want the entire banking sector and the ruling elites to crash and burn. Most of them also live in the USA and appear to think they would somehow be immune from any ill effects, especially if the Eurozone goes first. My point is that, if this were to happen, those of us further down the greasy pole (everywhere) would suffer far worse than the ruling classes. Revolutions would undoubtedly occur. Revolutions rarely end well or fundamentally change anything. Meet the new boss, same as the old boss. It would indeed be a return to the dark ages akin to a Mad Max world, possibly for the rest of (human) time. Don't get me wrong, I totally abhor the way I and everyone else has been laid before the altar of capitalism as sacrificial offerings to the politicos and power elites and sold the false dawn we now live in, but I don't see any alternatives that would necessarily be any better. Anarchy (as proposed by many on these boards, falsely in the name of Gold/Silver ownership) is a total non-starter. That would be like what we currently have on steroids. Dog eat dog, bullet fighting bullet only with no sense of wrongdoing or remorse. Is that really the world people want?
To not try and find a solution to Europe's problems is possibly the start of that slippery slope. Anti-Europeans are effectively seeing no further than the end of their noses. Divide and rule (by USA, China, BRICS whoever).
Society as we know it, is always just a hair's breadth away from chaos, anarchy and mob rule, i.e. no rule whatsoever. We have a very fragile existence. The food supply chain, for example, is only good for 3 to 5 days before it would totally shut down.
My other point is simple. That's why Europe needs to become a single entity, so far as money creation is concerned. To have half a chance of surviving the coming chaos if and when, but especially when the oil begins to really run out. WWIII
In every community there will be total anarchist's.
I believe what most ZH'ers want (if I may be so bold) is a return to the rule of law & its proper enforcement and individual national sovereignty. There is nothing fair about Germans (or any other nations people) paying for the bad habits of Spain or Greece.
What the bankers & elites of Europe tried to do was make one country out of many who have varying interests, ethics and objectives as differing societies & cultures will always have.
The US has basically one culture. An amalgamation of many but still one. The day when a Frenchman thinks and comports himself like an Italian or Greek is the day you will have a united Europe.
Good luck with that ;-)
The only economy big enogh to shore <b>HUGE</b> amounts of money is/was the US. It will be a dog eat dog for these leftovers. The EU is indebted, but far less than those TBTF.
0.02c of mine.
The current US trend has basically one culture : Hey world! We are making you an offer you can't refuse. We know where that has led us all...
People in glass houses...Not that I defend EU ponzi, far from it. But a united states of Europe could emerge out of this crisis or subsequent ones.
I know, its a long way to Tipperary...or to Saint-Jacques de Compostelle!
If the EU crashes and burns, the New World Order goes with it.
If the U.S. federal government crashes and burns, liberty may have a chance of being restored to the people.
Governments ARE the problem. They are not the solution.
We must restore limited, sovereign governments that respect the rights and will of their people. This globalization, internationalization, "international law", U.N. controls, Continental Unions, and the New World Order are anthithetical to self determination and individual liberty.
Geezer, the problem is YOUR SOLUTION WON'T WORK. All you'd be doing is trading your individual freedoms for another layer of gov. Take money and productive capacity from countries that had self control, and give it to those that acted foolishly and more corrupt.
The problem is ALL DRUNKS EVENTUALLY FALL DOWN. If you keep giving them more liquor, you are hurting, not helping them.
The world has had many, many depressions. There were isolated incidents of civil unrest... but Civilization didn't collapse into mad max. That is just a scare tactic.
Tell me. Would you like to bail out your neighbor after he maxes out his credit card on wild vacations and luxury items, while you worked hard and saved? He's not going to die if you say no, declare bankruptcy, get a damn job, AND DON'T DO IT AGAIN.
First you create the solution, then the problem for which the solution is the only reasonable alternative.
Precisely.
Bullshit! Instead of keeping alive this fucked up financial economy, this is what has to be done: http://www.faz.net/artikel/C30638/standpunkt-eu-superstaatsgruendung-aus...
I think the world would have been a lot better off today when more "Lehman's" had failed in 2008.
And that Soros guy does not seem to understand that the different nationalities of Europe are not likely to deny and betray their origins like he did.
They can solve that the same way they are "fixing" America and its population's resistance to the New World Order - via mass immigration.
If Europeans do reject the New World Order they will simply increase Muslim immigration to muddy the demographics (in more than one sense) and destroy these "origins" (cultures, ancient in some cases) you speak of.
"European treasury with the power to tax"
Sure why not ?
I guess bunga bunga looks a lot better now.
paulie
I am sick and tired of this threats. I already live like in a depression. I don't mind my bank account, I want to see bankers like this son of a bitch publicly executed.
it has become so tiring listen to all these dire threats just so the rich can stay rich