Tag Archives: EU

Giorgia on Our Mind, by Pepe Escobar

Fascist globalists of all stripes are upset by the election of Giorgia Meloni. Many have resorted to calling her a fascist—pure projection. From Pepe Escobar at strategic-culture.org:

Grab the Negronis and the Aperol Spritz; it’s show time.

It’s tempting to interpret the Italian electoral results this past Sunday as voters merrily hurling a bowl of lush papardelle with wild boar ragu over the collective bland faces of the toxic unelected Euro-oligarchy sitting in Brussels.

Well, it’s complicated.

Italy’s electoral system is all about coalitions. The center-right Meloni-Berlusconi-Salvini troika is bound to amass a substantial majority in both the Parliament’s Lower House and the Senate. Giorgia Meloni leads Fratelli d’Italia (“Brothers of Italy”). The notorious Silvio “Bunga Bunga” Berlusconi leads Forza Italia. And Matteo Salvini leads La Lega.

The established cliché across Italy’s cafes is that Giorgia becoming Prime Minister was a shoo-in: after all she’s “blonde, blue eyes, petite, sprightly and endearing”. And an expert communicator to boot. Quite the opposite of Goldman Sachs partner and former uber-ECB enforcer Mario Draghi, who looks like one of those bloodied emperors of Rome’s decadence. During his Prime Ministerial reign, he was widely derided – apart from woke/finance circles – as the leader of “Draghistan”.

On the financial front that otherworldly entity, the Goddess of the Market, the post-truth equivalent of the Delphi Oracle, bets that PM Giorgia will insist on the same old strategy: debt-funded fiscal stimulus, which will turn into a blowout in Italian debt (already huge, at 150% of GDP). All that plus a further collapse of the euro.

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As Democracy Dies in the EU, Von der Leyen Reveals its Sins, by Tom Luongo

The nothing democratic or even autocratic about the EU; it’s essentially a dictatorship. From Tom Luongo at tomluongo.me:

It’s no secret at this point that the EU is an anti-democratic organization. The leadership isn’t elected, but selected from a pre-determined pool of candidates from within the Party structure.

Everyone with the power to make a decision was placed there not by popular vote but by backroom collusion.

As we approach this weekend’s Italian elections there is real despair in the air that there is any light out of this dark time. That no matter what decisions we try to make, they are only in service of those that seek total dominion.

And yet all you hear from these Eurocrats is that we are in a “war of Democracy versus Autocracy,” as EU Commission President Ursula Von der Leyen put it in her hellish EU state of the union address to the European Parliament recently.

Cloaking herself in the inverse of the EU flag’s colors to show solidarity with another anti-democratic regime, Ukraine, Von der Leyen and her merry tribe of vandals in Brussels cast themselves as the protectors of the sacred right of a ‘democracy’ they deny to anyone who disagrees with her.

The same can be said for nearly every major government in Europe. Every time an ‘election’ rolls around the local system is gamed to ensure a particular outcome. The political establishment always coalesces around maintaining the status quo, freezing out any possibility of an ‘unworkable’ or ‘representative’ coalition.

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Germany’s (and Europe’s) Self-Inflicted Upcoming Energy Crunch, by Weimin Chin

If you think one government can screw things up hugely, look what happens when several act together, or when some supranational government like the EU acts. From Weimin Chin at mises.org:

At the end of September 2021, the Nord Stream 2 project was a reality after many years of uncertainty. At that time, there were only a few more regulatory hurdles remaining for Germany and Russia to seal the deal on the long-awaited and highly controversial natural gas pipeline. Achieving such a feat would have been a milestone in energy cooperation between the two countries. Sadly, the regional order has tilted hard and quick off that track, and Europe has plunged into a perilous future of uncertainty.

In the first weeks of the Russian-initiated war in Ukraine, Germany, along with the rest of Europe, found itself backed into a corner regarding its energy sourcing as Western sanctions cut off routes and links in the established regional energy and financial infrastructures. There has been no perceptible success in breaking out of this bind. Instead, Germany has watched time tick by. Russia’s Gazprom recently cut gas flow for Nord Stream 1 to 20 percent of capacity.

German nuclear power plants remain mostly idle, with three facilities providing 13 percent of the country’s electricity compared to France’s 69 percent. Coal power plants have now ramped up output, with the inevitable approach of the fall and winter seasons in the near term.

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Technocommunism Update: EU Ramps Up Great Reset Power Grab To Secure Vital Supply Chains, by 2nd Smartest Guy in the World

Free markets work; government-controlled markets don’t. The more the EU tries to control supply chains, the more they’ll be screwed up. From the 2nd Smartest Guy in the World at 2ndsmartestguyintheworld.substack.com:

As this substack has previously pointed out, PSYOP-19 coupled with PSYOP-UKRAINE-INVASION were always critical for PSYOP-SUPPLY-CHAIN-SHORTAGE and PSYOP-HYPER-INFLATION.

Now the EU, a One World Government experiment in technocommunism, is attempting to grant itself ever more draconian anti-human powers in order to “solve” the very problems that they have created on behalf of their Cult handlers.

Like all government emergency measures from The Patriot Act (the most anti-patriot unconstitutional 5th Branch of Government scams that continues to metastasize to this very day against We the People) to “pandemic” mandates, the EU has announced their Single Market Emergency Instrument (SMEI) scheme that will grant WEF-owned bureaucrats ever more powers to usher in their Great Reset.

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The Clowns of Winter Harry the UK Down, by Tom Luongo

The British have a new Prime Minister who may be an even bigger bozo than Boris Johnson. From Tom Luongo at tomluango.me:

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David Stockman on Europe’s Economic Suicide…

Some of the people running Europe make the Biden administration look like geniuses. From David Stockman at internationalman.com:

Europe’s Economic Suicide

The trio of the Sanctions War, Green Energy Crusade and the Virus Patrol is a mortal threat to capitalist prosperity. That’s already evident in the Eurozone where these policy diseases are most advanced and where the real GDP growth rate has plunged by 74% from its pre-2008 crisis rate.

That’s right. The real growth rate in the E19 countries posted at just 0.67% per annum during the 14-year span between Q1 2008 and Q1 2022, which compares to 2.29% per annum during the equivalent period between 1995 and 2008.

Eurozone Real GDP, 1995-2022

Moreover, the EU hari kari artists are just getting started. Notwithstanding the planned phase-out of Russian seaborne crude oil entirely by the end of 2022 and facing a potential total cut-off of Russian pipeline gas, these birdbrains are now planning a sixth round of sanctions on top of all the madness that has gone before.

Accordingly, Europe is heading for a rip-roaring stagflation, even as the monetary policy dial is still set on ultra-easy. That is, the ECB’s policy rate is still -0.25%, thereby creating a huge gap with the Fed’s policy rate which currently stands at +1.58% and is heading higher at a 75 basis points per meeting clip.

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Viktor Orbán, the Man Who Could Save the European Union From Itself, by Robert Bridge

Viktor Orbán is one of the few European leaders with even a modicum of common sense or competence. From Robert Bridge at strategic-culture.org:

Viktor Orbán would be the perfect candidate to lead the European Union through this moment of ideological darkness, Robert Bridge writes.

Hungarian Prime Minister Viktor Orbán has once again deviated from the Brussels’ narrative, this time warning that the severe EU sanctions targeting Russia could produce aftereffects not unlike those of a nuclear explosion, potentially subjecting a large swath of the world’s population to food shortages and mass migration. Will Brussels heed his warnings this time?

Viktor Orbán has defied the fuzzy logic of Brussels, and once again it would appear he is correct. Perhaps this speaks less to any sort of political genius on the part of the Hungarian leader and more to the disastrous decisions coming from the EU leadership. In any case, Orbán deserves credit for being one of the last voices of reason when it comes to handling the Ukrainian crisis.

During a meeting with Serbian President Aleksandar Vucic at the weekend, the Hungarian leader said that the brutal «sanctions against Russia” are “equal to an atomic bomb,” where people around the world will go hungry, thereby triggering, among other things, a wave of mass migration.

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The Blind Alleys of European Politics, by Alastair Crooke

Things are moving far too fast for hidebound EU politicians and bureaucrats to keep up. From Alastair Crooke at strategic-culture.org:

The crises are running, faster and faster, well beyond the abilities of EU rigid structures and mindsets to respond.

The French election result has again demonstrated the hard-edged rigidities of European society which make the prospect of strong purposeful (i.e. transformative) government, of the ilk of say a de Gaulle, almost impossible to emerge today at national level. However, when such national rigidities are taken in combination with the European supra-national, ‘once size fits none’ institutional EU incapacity to respond to the specifics of complex situations, we get ‘full on’ immobilism – the impossibility to change policy in any way meaningfully, in the majority of EU states.

Europe has chugged along for a decade with its managerial ‘Merkellism’ which can be defined as an ingrained reluctance to take hard decisions; to punt problems off by spreading ‘gravy’ liberally around; and in tilting – one way or the other – to Left or Right accordingly, as the wind blows. It has been a time of easy decisions, on top of easy decisions, and little by way of solving structural problems.

This has however, taken the EU into a blind alley – precisely when it faces war in Europe, and when the fires of grave inflation already have been lit, with flames licking skywards, exposing domestic electorates to their harsh vicissitudes.

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The Schrödinger euros, by Jorge Vilches

The EU’s leaders want to pay Russia for its exports with Euros that are deposited in European bank accounts that Russia can’t access. Yes, it really is that stupid. From Jorge Vilches at thesaker.is:

What ? Payment in Rubles ?? Unthinkable, don´t even mention the word say EU officials and authorities.

Instead, Europe has formally demanded to pay for Russian imports with Schrödinger euros as explained below.

So it´s high time for psychiatrists to step in as the livelihood of 800 million Europeans depends on whatever this incredible set of un-elected delusional EU leaders decide. Let´s get this straight folks: the EU does not want to pay in Rubles – or gold — because it is playing cutie by pretending to “pay” for Russian imports for free. Be it natural gas, or oil, or coal or whatever Russian, instead of really “paying” the EU pretends to pull a “print & deposit + freeze & hide” wise-up gimmick. To make it clear for any audience, the above would be the equivalent of you pretending to “pay” at the check-out counter of any store with a photo of a fully sealed box that you say contains “money” that you will keep hidden at your home – unopened — as long as you want. Please allow me to explain the EU trickery in layman´s terms

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Errors, Both Tactical, and of Strategic Consequence, by Alastair Crooke

What happens if the U.S. limits itself to economic war against Russia, and the Russian economy doesn’t collapse? From Alastair Crooke at strategic-culture.org:

The most likely outcome is Russia’s economy will not collapse (even were the EU to go the whole hog on energy and ‘everything’ else).

U.S. and European NATO hawks and liberal interventionists want above all else, to see Putin, humiliated and repudiated. Many in the West want Putin’s blood-soaked head atop a pike towering above the ‘city gate’, visible to all as a resounding warning to those who challenge their ‘rules-based international order’. Their mark is not just Pakistan or India, but China, primordially.

Yet the hawks see that they dare not – cannot – go the ‘whole hog’. Despite the belligerence and posturing, they want the kinetic aspect to the conflict confined within the borders of Ukraine: No U.S. boots on the ground (though those whose very existence cannot pass our lips are already there, and have been ‘calling the shots’).

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