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On Using World War 2 Flashbacks To Shame Germany Into Perpetual Bail Outs
Lost in the complete and utter lack of newsflow yesterday (no pun intended) were some comments from Otmar Issing, former chief economist of the ECB. Also a German. Also an advisor for Goldman Sachs. In the absence of Angela Merkel and Schauble, both of whom are still conducting privatization due diligence on Santorini, he decided to present the German view to all the recent bluster and posturing by Europe choosing beggars. What he so conveniently explained is just why "European Union" is the biggest oxymoron imaginable, and why Germany will hardly smile quietly as the rest of the continent uses history as its only leverage to shame Germany into funding the bailout of its broke neighbors. In fact, what Issing confirms, is why any hope that a Federalist union in a continent in which deep seated hatred runs deep, and will promptly overtake any of the happiness associated with the recent 30 years of fake prosperity, is doomed. Art Cashin explains.
via UBS
The Issing Remarks – While they did not have far reaching consequences, Mr. Issing's remarks reminded us all of the deep seated conflicts that underlie the issues in the Eurozone. You will recall that European leaders openly claim that the concept of the Eurozone was an attempt to restrain Germany to some degree.
With two world wars erupting in Europe in less than 100 years, they needed some way to try to bind these nations together. They chose to start with a monetary union. Now they are trying to hold it together. Here's a bit from the WSJ Blogs:
Germany’s guilt over the Second World War doesn’t oblige it to write blank checks to euro-zone countries that fail to reform their economies, said former European Central Bank executive board member Otmar Issing.
Mr. Issing served as a member of the ECB’s Executive Board from 1998 to 2006. A German, he remains an influential voice on economic and central bank matters in his home country. Since leaving his ECB post he has served as an adviser to his government on financial and economic matters.
Mr. Issing said that from a historical perspective Germany indeed is “in a special position” but 67 years after the war ended “Germany can’t be blackmailed with its past,” he said. This is especially true of aid for troubled euro zone states, “which does not solve the problems in these states.”
After the World War II, in which Nazi Germany occupied territory from the Channel Islands to near Moscow, the Federal Republic of Germany has seen peace in Europe and the world as being one of its essential tasks. This has also meant willingly giving up sovereignty to European institutions in an effort to bring European nations closer together.
Some commentators have taken this philosophy to mean that Germany should now, without protest, stand in and help struggling countries on the euro zone’s geographic periphery. The 17-nation euro zone is dealing with a sovereign-debt crisis that has seen Greece, Portugal, Ireland, Spain and Cyprus seek international funding to keep their countries or banking systems afloat. Germany has effectively been paymaster for the deals.
Talk about deep seated feelings.
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American Citizenism means greater freedom, justice and prosperity for everyone. I'm on board with it.
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'Americanism'... Everyone? Well, it is as usual, everyone means 'Americans' which are the only human beings.
The US of A, mecca of 'Americanism', is based on a theft that was condemned by 'American' system of justice.
How is it more justice for everyone?
'Americans' are so used to speaking on the behalf of humanity...
One German is ok, two are dangerous, and three start marching...
The Hebrews were wiped out by Rome and the Catholic Empire. The Ashkanazi king adopted the religion of the Hebrews as the State religion of his people, in order to do business with all the people trading at the ME crossroads. The Jews did not call themselves Jews, the Normans did. The translation of "Jeu" in old French is "one"; they called them 'the ones'. Thats where this started, 11-13th AD. Its all fake history, to manipulate & control populations.
Modern Jews are eastern Europeans, huns. Just like the Germanic tribes. They are all Caucasians, rolling east to west over the indigenous people, all the way around the globe.
Sucks, huh? Check the human genome project and older research by Jewish scientists. The DNA of the "Jews" is mostly eastern European with a little local mixing, not scions of Able distinct from Adam. Imo all humanity are the "chosen ones", and we have been most derelict in our stewardship of the resources available to us. Greedy, petty, willfully ignorant. There is plenty of real estate up there, and thats where we need to be heading, not sterilizing all the water and killing everything.
The Belgian Relief Commission extended WWI by another three years.
The banksters were playing Germany like a violin in WWI. And are still.
http://rense.com/general72/cav.htm
I'm pretty convinced that this modern generalized squeamishness towards wholsale murder is just a passing fancy of Utopians and the future will revert to the normal state of mankind.
Growth then destruction. Dropping a few billion people will certainly cure the unemployment and resource problem.
We'll be better off in the end... If you're one of the survivors.
If not? Eh, you were just passing through anyway.
The trick is to get the best spot in the hive.
War for humans is like fire to forests. If we hadn't invented it we probably would already be gone to fossils.
Neandethals...bad at war.
Study the purges of Russian & Chinese utopians...
I have.
They were pretty good at getting big numbers. The problem comes when they slack off.
Thats what the utopian planners have scheduled for us.
The banks etc. (the really guilty onces in all recent wars) are laughing all the way to their banks seeing how sheeple still fall for the good old nationalism trick.