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Philo and Sophia

Euro Zone Crisis: The Decline And Fall Of The Bureaucratic Empire


by Ian R Thorpe and John de Roe.

Euro zone leaders continue to insist the single currency must be saved even though any fool would recognise a dead parrot when they see one. So why are they prepared to sacrifice the furture for the single currency project. And was it ever really about money?

The societies we live in, the companies we work for and by extension our lives are run by people who tell us they are much cleverer than we are. This is why we need elites and why, we are told, we must tolerate their high living, their jollies off to luxury resorts where they may focus their minds fully on how better to exploit us, use our money filched from tax revenues that should be spent to our benefit, on high class hookers. The point is weordinary punters, according to these people, are simply too stupid to look after our own affairs and run our own lives. Thus the agenda to herd us all into a single European superstate that will crush national cultures and individualism is justified.

So how did such morally and intellectually superior people get so many things wrong in so many ways. I am not just talking about the failed Euro single currency project of course, though we will restrict ourselves here to looking at that issue only.

We do not need hindsight to be aware of the the flaws in the Euro project; they were in plain view at the outset and were widely commented on by people from many business, political and economic backgrounds. It was never realistic to ram so many widely divergent economies into a single monetary system and expect them to function. The reckless of bending rules to ensure the admittance of Italy and Greece to the new currency when their government debt was at twice the permitted level of 60 per cent of GDP was pointed out with dismay by supporters of the EU as a free trade organisation and with high glee by nationalists and opponents of the Union. In spite of the warnings however, every national parliament, every central bank, every university faculty, every television and newspaper editorial meeting, there was a collective suspension of disbelief.

So what were these people who are supposed to be so clever thinking? Review what Euro-integrationists were saying when the single currency was launched and you hear a subtext. It's not so much that they liked the Euro and the internationalist, global government agenda, it's that they disliked the people who opposed it a. Listen, for example to former Liberal Democrat leader Charles Kennedy in 2002:

"The euro, despite gloomy predictions from anti-Europeans, has proved to be a success. We cannot afford to be isolated from our biggest and closest trading partner any longer." Or to left leaning Conservative Ken Clarke:

"The reality of the euro has exposed the absurdity of many anti-European scares while increasing the public thirst for information. Public opinion is already changing as people can see the success of the new currency on the mainland."

For such men, the issue was never really economic, or even political, but tribal. Having defined the question, in their own minds, as a Kulturkampf between enlightened progressive one-worlders and ignorant xenophobic bigots bigots, they simply lost interest in facts and went to dwell in the land of ideologues (which lies to the East of Eden - h/t John Steinbeck).

The extraordinary thing is that many Europhiles and one worlders are still saying the Euro cannot be allowed to fail no matter what the cost. They are not in the least embarrassed by the economic destruction of ancient nations or the way the Brussels Bureaucratic Dictatoriat have trampled on democracy in Greece and Italy, or by the way things have turned out in general with a majority of Euro member states now in financial difficulty.

Take this example of detachment from reality written by historian Norman Davies writing for the Financial Times in November 2011:

‘How marvellous,' they chortle in the Conservative Clubs; ‘the busybodies of Brussels are meeting their come-uppance. After all, those ghastly Greeks who cooked the books to enter Euroland in the first place are sure to be cooking them again with an eye to ever larger bail-outs. Greece will push French banks down the chute first; but German banks won't avoid it, and together they'll finish Italy off. With luck, Italy will suck Spain into the abyss; Portugal will follow Spain, and Ireland Portugal. Just think of it! Those Irish traitors from 1922 will get their deserts! Terrific!'

For a historian Davies is remarkably ill informed on recent history. By the time he wrote the article Portugal had already gone down the pan along with Greece and Ireland, will Spain and Italy already on the way. Of the seventeen members seven are in administration already (Cyprus Malta and Latvia have also been bailed out but these are tiny economies) Belgium is flying on a wing and a prayer and the financial markets are increasingly concerned about France.

What happens when continental banks put up the shutters and the cash machines are emptied. Will Minestrone kitchens appear on the streets of Rome or the Spanish bullrings house the destitute? Will the vaults of Notre Dame Cathedral, Paris, be opened to provide shelter for the dispossessed?. Are Europeans going to relearn the art of barter (a lamb and two chickens for that Ford alternator). When the cash flow stutters back, machines distribute Deutschemarks, Drachma, Franc Escudos, Pesetas etc. The one worlders will try to blame Britain, Sweden and Denmark, the Euro refuseniks but especially us Little Englanders who they are sure have always ben a bunch of reactionary imperialists and are determined to resist in every way possible the establishment of the New World Order.

The weird thing is British eurosceptics are not enjoying the economic turmoil on our doorstep and more than we are enjoying the economic meltdown presided over by one Barack Hussein Obama across the pond. It is plainly in our interest that the European Union which takes 40 per cent of our exports, and comprises our oldest and best allies and friends-should prosper. That's precisely why we are alarmed at the readiness of eurocrats to sacrifice their peoples' and the community's future prosperity to keep their dream of a Single Superstate, an empire stretching from the Black Sea in the east to the Atlantic Coasts of Ireland and Scotland in the west and all of it run by unelected elitists. The other weird thing is that the Obama administration is enthusiastically taking a federalist, anti democratic stance (Federalism in the form of a European Constitution was resoundingly reject by the only two nations allowed to hold a referendum, France and The Netherlands. A vote was cancelled in Britain when the government of one - worlder Tony Blair realised their case was not just unwinnable, the result would be a major embarrassment.

Not that people like Norman Davies is much interested in what eurosceptics actually think, he is one of those lefties who think dissent should be suppressed by law. One of the oddities of the whole debate is that euroenthusiastic commentators who are quick to spot prejudice in others when it comes to racism, sexism or xenophobia are quite unable to detect it in themselves when it comes to people who don't share their Weltanschauung. None of this would matter were federalisation simply an academic debate but it is not, it is an argument about the furture of the western nations (and when we consider the one worlders' ambition to extend the European community to include Turkey, the near east and some north African nations it becomes clear what kind of future these people have in mind (but that's another article). The trouble is that the people running the EU refuse to learn anything from their errors. Since the crisis began four years ago, they have had only one response: massive loans. They have reacted to the failure of each bailout by accelerating the policy, until it has acquired a momentum of its own, like a runaway train: bailout-and-borrow, bailout-and-borrow, bailout-and-borrow.

Why this stubborn determination to pursue a strategy that has obviously failed and is impoverishing Europe? Supporters of the project have taken to offering the old cure-would-be-worse-than-the-disease shtick. They no longer dare argue that the euro has brought benefits — two thirds of the citizens who use it believe it has made them poorer, according to Eurobarometer — resorting to fearmongering instead by claiming that leaving would be more painful than the everlasting austerity that will be required to keep them in..

The tactics have a familiar ring in Britain. When the Exchange Rate Mechanism, the euro's baleful predecessor, was dragging down our economy, supporters of "the agenda" lined up to argue that, whatever the flaws in the system, we now had no option but to stick with it. Pulling out, declared John Major, would be "the inflationary option, the devaluer's option, a betrayal of the future of our country". In the event, of course, Britain's recovery began the day we left the ERM and continued for a decade before the Labour government blew it away to buy the votes needed for re - election.

A return to national currencies would present massive problems but none that are insurmountable. By definition, all the countries in the euro have recently managed precisely such a changeover: that's how they joined in the first place. Oddly enough it is impossible to find records of any eurocrats at that time raving about the huge costs and complexities of having to replace your banknotes. And, indeed, the switch would be easier now than it was a decade ago, because more money is digitised, and banknotes represent a smaller proportion of the currency in circulation.

Nor should leaving a currency union be any more complicated than joining one. The seventeen member of the Eurozone managed to change seamlessly from national currencies so why will it be any more difficult to change back? Well there is one simple reason. Because, to repeat what I have said in other articles, the euro was never about the economics. As Angela Merkel told the Bundestag in October: Nobody should take for granted another 50 years of peace and prosperity in Europe, and that's why I say, if the euro fails, Europe fails. We have a historical obligation: to protect by all means Europe's unification process begun by our predecessors after centuries of hatred and bloodshed.

Put like that of course the issue is literally beyond argument. If you oppose the euro, Mrs Merkel suggests, you're in favour of war. I invented a name for that style of politics, Populist Authoritarianism. The trouble is that, on any objective measure, the euro is stoking rather than soothing national antagonisms. Relations between Germany and Greece haven't been so poor since ... well, since the Second World War.

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Euro zone problems? It's the sovereignty, stupid.
Euro zone fiscal integration
Europe, the euro and bureaucratic democracy
Are leaders sacrificing the future to save the Euro
Britain and the Federal European Superstate
Euro zone unity shatters
Eurogeddon Euro Debt Crisis
Populist Authoritarianism
Cameron leads Euro rebellion - or does he?
The New World Order
You just can't be too paranoid
More posts on The Debt Crisis
More posts on Europe
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KEYWORDS: euro, zone, eurozone, EU, fiscal, financial, integration, union, peace, Germany, France, Greece, Britain, currency, money, debt, economics, federal,

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Jacob Rothschild, patriarch of the megarich banking family, and a leading proponent of the drive to create a global authoritarian government made up of people drawn from the corporate and financial elite, has accused Russian president Vladimir Putin of being a "traitor to the New World Order". Evidence we have suggests the elitist conspiracy sees Russia as an obstacle that must be removed before its plan for a global government can be completed more >>>

Katie Hopkins Reports From Hellacious Sweden, ‘Where Females Fear to Tread’
A news feed filled with reports of the rape and assault of Sweden’s young women, some inexplicably streamed live on Facebook by the gang as they attacked. Other reports filed quietly away in a box marked unmentionable: the rape of a 12-year-old unaccompanied immigrant by a so called fellow 'unaccompanied minor' immigrant who later bragged he was 45.

Junk Food Killing Kids? We often hear about the plague of obesity from talking – head ‘nutrition experts’ on TV, but less is said about the other problem caused by a diet of junk food. On a typical teenager’s diet it is possible to develop both obesity and malnutrition. On the flip side, you have malnutrition. According to the United Nations (UN) special rapporteur, Hilal Elver, Ph.D., the impact of processed food on public health is “alarming.”

Report casts new doubts on WETC official story The controversy goes on, fifteen years later. While it ought to be obvious even to the most casual observer that the way the twin towers collapsed on 9/11 did not look as if it could be the result of a random strike (and Tower 7 was not hit by anything - well a careless sparrow maybe,) many people who should know better but are in awe of authority continue to scream conspiracy theorist at even those well qualified to challlence the official narrative.

Oslo Police Declare “We Have Lost the City”…Islam Has Taken Over
While attention has been focused on Sweden because of remarks made by US President Donald Trump, the apocalyptic level of culturally-enriched violence in neighbouring Norway and particularly in Grønland, a district of the capital city of Oslo. After years of unchecked immigration it looks more like Karachi, Basra, and Mogadishu all rolled into one than part of a Scandinavian capital. People sell drugs openly just next to the Grønland subway station.

American Journalists Who Travelled To Sweden To Debunk Trumps Comments About Migrant Violence Run Out Of Town by Migrants
Two journalists from Chicago who had travelled to Sweden with the intention of debunking Donald Trump's allegations that in Sweden's cities there are many immigrant dominated suburbs that have become trouble spots and 'no - go zones' for Europeans and that the country is a dangerous place to visit had to be given a police escort so they could safely leave an immigrant neighbourhood in Stockholm.

Germany Facing Mass Blackouts Because The Wind And Sun Won’t Cooperate
Germany’s power grid came close tp collapse in January because the poor performance from sustainables, wind turbines and solar panels which the Germany government encouraged heavy investment in, data from a major trade union leaked to German business newspaper Deutsche Wirtschasfts Nachrichten.

Courts Quietly Confirm MMR Vaccine Causes Autism
After decades of passionate debate, parents probably missed the repeated admissions by drug companies and governments alike that vaccines do in fact cause autism. For concerned parents seeking the truth, it’s worth remembering that the exact same people who own the world’s drug companies also own America’s news outlets. Finding propaganda-free information has been difficult, until now.

CIA Admists Using fake News To Subvert Democracy For Decades
Newly-declassified documents show that a senior CIA agent and Deputy Director of the Directorate of Intelligence worked closely with the owners and journalists of many of the largest media outlets. The United States Senate Select Committee to Study Governmental Operations with Respect to Intelligence Activities found in 1975 that the CIA submitted stories to the American press.

Left Complicit In Violence Ripping Through Paris Migrant Neighbourhoods?
As rioting by immigrant populations spreads from the poorer areas of Paris to the city centre and civil unrest spreads throughout France, former special advisor to France’s interior ministry Hugues Moutouh has accused the left-wing political establishment of complicity in the violence raging through the country’s migrant-dominated suburbs.

Infant Twins Die Shortly After Being Vaccinated, Medical Board Rules ‘Just A Coincidence’
In this era of high tech health care and rapidly advancing developments of drug therapy, sudden infant death syndrome (cot death) is a rare thing in the developed world, around one per hundred according to World Health Organisation statistics. Given that, you might think the sudden and simultaneous deaths of twins might cause somne raised eyebrows among medical professionals ...

PARIS ERUPTS: Many streets are NO-GO ZONES As Immigrant Violence Spreads
Five large areas have been reduced to no go areas for the past five nights as masked men cause mayhem on the streets. Now there are fears the fall out from allegations of police brutality could spread all over the country as unrest in the city grows. Police were hit with molotov cocktails and the heavy metal balls used in the French game Petanque ...

J.K. Rowling Goes Silent After Getting Challenged To Put Her Money Where Her Mouth Is
JK Rowling, who wrote 7 great books for kids (and an absolutely shit one for grown ups) has become one of those annoying celebrities who thinks we all need to hear regularly from her on the topic of how to live our lives. she sees no reason why a superior being such as her should abide by the advice she dishes out to the rest of us.

Corruption: Paraphrasing Johnny Rotten, 'Never trust a fahkin' liberal'
As the 'liberal supporters of Barack Obama's hapless presidency and more recently the US Democratic Party's 2016 failed candidate 'Crooked Hillary' Clinton whip themselves into an ever greater frenzy over the hugely entertaining antic of President Trump, An editorial at Investors Business Daily may end up being considered by historians as defining exactly why the Obama administration failed so catastrophically ...

Is a Global Wide Cash Ban Coming?

Anyone who has been paying attention over the last four years knows the Europe is ground zero for Central Planning insanity. Europe was created as a union with open borders with the open flow of capital. However, the elites have clearly demonstrated that they are willing to lie cheat and steal in order to maintain their agenda.

Trump Foiled Soros' Master Plan to Impose New World Order - Hedge Fund Manager
President Donald Trump came to power just in time to prevent George Soros and Hillary Clinton achieving a secret Trans Pacific trade deal, that would have transferred sovereign rights to global corporations Wall Street hedge fund manager and financial analyst Mitch Feierstein told Sputnik. George Soros and Clinton Inc. were nearly able to declare the ‘New World Order’ complete" hedge fund manager Feierstein, said on Tuesday.

TIME Magazine runs vile hit piece against Robert Kennedy Jr. for daring to tell the truth about mercury in vaccines
When newly inagurated President Donald Trump appointed Robert Kennedy, Jr. to head a commission to investigate and report on vaccine safety, it was inevitable the Big Pharma Corporations, the big money interest behind them, and their 'pet poodle' scientists would hit back and try to undermine the initiative. That it would happen so quickly, with higly respected fake news publication Time magazine lining up its biggest hitters to smear Kennedy's reputation

The War On Cash Intensifies In Response To Trump and Brexit
It appears Europe is charging towards a cashless society. Just days after Davos’ elites discussed why the world needs to “get rid of currency,” the European Commission has introduced a proposal enforcing “restrictions on payments in cash.” – because only terrorists and drug-dealers need cash (nothing at all to do with totalitarian control over a nation’s wealth) – we are not surprised that this proposal from the European Commission would appear…

French Finance Minister Says UK’s May Is Not In A Position To Negotiate With Trump You have to wonder just who the testicularly deficient little pen pusher of the failing EuroNazi project think they are. What do they not understand about Brexit that enables them to think they can still tell us what we can and can’t do? They may have got away with it while cottaging Prime Minister Blair or Old Etonian bum boy Cameron were in charge ...

Obama’s Gone, But His Genocidal Wars Go On
Continued fighting in Yemen between Houthi rebels seeking to overthrow the tyrannical Sunni Muslim government and ground and air forces of the SSaudi Arabian led coalition backed by the Obama administration in the USA killed at least 66 people in 24 hours, medics and security sources said on Sunday.
More Obama war

Inauguration crowd size lies: The Hypocrisy Of Mainstream Media Is Infinite When They Can Publish Shite Like This


Trump and liberals exchange insults over wether the inauguration audience for Trump was bigger than Obama's or not. It's hard to know which side is lying, probably both of them.
Liberal hypocrisy

‘Integrate or Leave’: As Wilders Surges in Polls Dutch PM Ramps Up Migrant Rhetoric


Just one day after polls which gave Geert Wilders’s insurgent populist party a nine-point lead on the ruling conservatives, Prime Minister Rutte took out a full page advert and spoke in an interview with Dutch daily Algemeen Dagblad to tell migrants they should integrate or leave, and to issue a call for a return to “common decency”.

Soros Is Responsible for Europe's Immigration Crisis Says Hungary's Viktor Orban
With Britain's Conservative Government pressing ahead with a 'hard Brexit agenda, and the Trump administration setting abou demolishing the expressway to socialism Barack Obama had spent eight years contruction, there is a lot of speculation and precious little hard evidence to indicate where the globalist elite, having seen their ambition for a world government thwarted will go next.
More Soros mischief

Post Trump and Brexit, Predicting The Globalists Next Move
Hungary's Prime Minister Viktor Orbán has made the American billionaire and philanthropist George Soros for the current refugee movements in Europe with responsibility. "This invasion (of migrants) on the one hand steered from the tractor business, on the other hand of those (human) activists who support everything that the nation-states weakens,
Globalisation index

The role of cosmic electric currents in earth’s climate
If you’ve been following the growth of the Electric Universe movement, you know that this growth is due largely to the power of a new paradigm to explain things left unexplained by conventional theory. The greatest surprises of the space age are not surprises to researchers exploring the role of the electric force across the cosmos. Nor is it surprising to see the electric force at work close to home, both in the sculpting of planetary surfaces and in the evolution of life on earth ...

The Reality Of Globalism - World Trade Has Increased By Less Than 1% Annually In The Last Decade
There can be little doubt that 2016 was the year the great pushback against globalisation and the push towards an authoritarian world government (NWO) really got off the ground. Fears that the world is on the edge of rejecting globalization and a global economy, with its false promise of prosperity for all and its reality of an ever widening gap between rich and poor have dominated ...

World Bank Aims to Hand Over Seed Industry to Agribusiness
Today Donald Trump will be inaugurated as 45h President of The United States, his victory in the November election having been a major setback to those dark forces that give the impression only one more big push was needed to drive the world into accepting a global authoritarian government. Trump's victory, combined with 'Brexit' the vote by British citizens to leave the EU, combined to make 2026 a bad year for the globalists.

The Left In Meltdown
As the UK Labour Party crumbles into complete disarray with it’s leader, the sixty – eight year old perpetual student protestor Jeremy Corbyn proving a more divisive figure than any of his predecessors, as he sacrifices more and more votes on the altar of fashionable causes, and the EU, natural successor to Hitler’s European unification project falls apart in the face of resurgent cultural nationalism, it is quite satisfying to see ...

Fake News and fake Fake News
The buzz phrase this past month has been ‘Fake News’ as over in the USA the Donald Trump camp have had to swat away repeated attempts to smear and the discredit the victor in the 2016 Presidential Election and supporters of Barack Obama and Hillary Clinton, unable to accept their team lost because people rejected perpetual war and ...

Obama Has been An Inspirational President?Well He Probably Inspired More Suicides Than Any Other Obama’s greatest achievement perhaps it to have put Donald Trump in The White House. Whether you think this is a good or bad thing depends on your political stance. This blog is neutral, our view being that Trump can’t be a worse president than any of the three that preceded him.

Over 4000 Civilians Have Died In Forgotten War.
As attention has focused on Syria ans then on the efforts of the Obama administration, in its dying months, to avenge the defeat of the anointed successor Hillary Clinton and discredit the election victor and President - elect Donald Trump, and simultaneously demonize Russia and President Putin

NEW CHAINS FOR OLD
The problem with losing your chains is knowing what to do when you are free to act without them. The answer most people choose should not really be all that surprising.

Former UK Ambassador Says Obama's 'Russian Hacking' Claims Are Bullshit
Former UK ambassador to Uzbekistan, Craig Murray, who has always publicly opposed the demonization of Russia by United States and European Union official propaganda and has in the past collaborated with WikiLeaks editor Julian Assange to expose western propaganda as being aimed at persuading voters war with Russia and China,is justified has dismissed the CIA's claims that Russia interfered in last month’s presidential election as "bullshit"

An Item In Todays News About US Gov't Internet Security Hack has Tipped Our Editor Over The Edge
The US election was on November 8, by November 12 it should have gone away, but the Democrats, proven crooks and liars who crookedly rigged their own selection process to cheat a man who could have beaten Trump out of the nomination and ensure their candidate was the traitor, war criminal, liar, AND head of the Clinton Crime Syndicate Hillary Clinton as their candidate.

Democrats Russia Hacked Us and Failed Recount Campaign is Political Suicide. The US Democratic Party’s inability to accept that they lost the Presidency to Donald Trump is turning into a slow polictical sucicide. The party that has always been quick to scream ‘conspiracy theorist’ to discredit critics of its dealings with oversreas governments and foreign billionaires like Soros has revealed in its efforts to overturn the result by claimING that Russian hacking influenced voters in favour of Trump.

Oxford University wants to turn English into a sterilized Orwellian language
Oxford University, one of the oldest universities in the world and, one might think, the 'home' of the English language is now, it seems, engaged in a New World Order campaign to destroy the English Language. It appears the finest young minds in society are so deeply offended by words that remind them men and women are biologically they, backed by their fuckwitted Marxist lecturers and professors, are demanding gender specific pronouns be abolished.

I Was Right - Gravilty Does Not Exist

Well OK, saying gravity does not exist is a bit of an oversimplification, but there is strong evidence Isaac Newton's theory of what makes things fall to the ground, which does not attempt to explain how gravity makes things fall, but only states gravity is a natural force, really misunderstood what was going on.

France Falling Apart As The World Looks On
France will elect a new president in May 2017. Politicians are already campaigning and debating about deficits, welfare recipients, GDP growth, and so on, but they look like puppets disconnected from the real country. Violence. It is spreading. Not just terrorist attacks; pure gang violence. The media does not dare to say that this violence is coming mainly from Muslim gangs

The Internet Purge Of Politically Incorrect (aka truthful) Content Begins
Facebook, Google (owners of YouTube) and Microsoft have long been known as CIA collaborators and it has been acknowledged that Obama's move in divesting the US government of responsibility for ICANN allows The White House to make outraged noises about suppression of free speech while using Search Engine Operators as proxies to shut down anything challinging US and NATO propaganda (on the grounds no doubt that challenging the politically correct orthodoxy constitutes hate speech.)

UK Education: Ofsted, Not The Government, Is Blighting Poor Pupils’ Chances
Experienced teacher say it is possible to teach effectively with that kind of a workload and although such working hours are common in business and commerce, people in those sectors do not have to deal with stupid, snotty nosed, hormonally hyperactive adolescents.

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