Tag Archives: European Union

The Myth of European Democracy: A Shocking Revelation, by Alex Gorka

Is the European Union a George Soros puppet? From Alex Gorka at strategic-culture.org:

It’s an open secret that the “Soros network” has an extensive sphere of influence in the European Parliament and in other European Union institutions. The list of Soros has been made public recently. The document lists 226 MEPs from all sides of political spectrum, including former President of the European Parliament Martin Schulz, former Belgian PM Guy Verhofstadt, seven vice-presidents, and a number of committee heads, coordinators, and quaestors. These people promote the ideas of Soros, such as bringing in more migrants, same-sex marriages, integration of Ukraine into the EU, and countering Russia. There are 751 members of the European Parliament. It means that the Soros friends have more than one third of seats.

George Soros, a Hungarian-American investor and the founder and owner of Open Society Foundations NGO, was able to meet with President of the European Commission Jean-Claude Juncker with “no transparent agenda for their closed-door meeting”, and pointed out how EU proposals to redistribute quotas of migrants across the EU are eerily familiar to Soros’s own self-published plan for dealing with the crisis.

The billionaire financier believes that the European Union should receive millions of immigrants from the Middle East and Northern Africa, provide each one with an annual 15,000 EUR in aid, and resettle these migrants in member-states where they do not wish to go and are not necessarily welcome.

Hungarian Prime Minister Viktor Orbán has accused the EU of “eating out of the hand” of Soros. He believes that the billionaire open borders campaigner is behind the attacks on Hungary. The reason is the government’s attempts to take legal action over a new law which requires foreign-supported ‘civil society’ organizations — many funded by Soros — to list their big overseas donors in a public register and be transparent about their funding sources in their publications. The Hungarian government is applying efforts to close the Budapest-based Central European University founded by Soros.

“The whole of the European Union is in trouble because its leaders and bureaucrats adopt decisions like this,” said Orbán. “The people support the ideal of the European Union. At the same time, they can’t stand the leadership of the EU, because it insults the Member-States with things like this, and it abuses its power. Everyone in Europe can see that. This is why the European leadership is not respected.”

To continue reading: The Myth of European Democracy: A Shocking Revelation


Catalonia: What’s Next? by Justin Raimondo

SLL will put in its two cents on Catalonia in the next few days. Justin Raimondo does a good job of outlining the issues and implications. From Raimondo at antiwar.com:

As the Spanish government reveals the true nature of its “democratic” pretensions, injuring hundreds in an effort to stop Catalans from voting, one thing is clear: Catalonia is no longer Spanish. In the very effort to prevent the referendum Madrid has handed the victory to the separatists: this is what the sight of Spanish police clubbing people at the polls means. While previous polls showed that the advocates of Catalan independence were neck-and-neck with those opposed, there is every reason to believe that now the overwhelming majority are for secession. The government of Prime Minister Mariano Rajoy has lost whatever legitimacy it once had.

Indeed, if I was looking for a way to ensure that the independence movement would triumph, then this kind of crackdown fits the bill. The world has come a long way since 1933 – and that’s why calling in the Guardia Civil is having the exact opposite of its intended result.

As I write the number of injured is rising by the minute: it’s almost to 800 now, and will doubtless climb. Using rubber bullets, the Guardia Civil, Spain’s police force, has fired on its own people, injuring scores: yet more injuries were inflicted by beatings, with police using truncheons indiscriminately on young and old alike, attacking firefighters, old ladies, journalists, and anyone who got in their way.

And yet the ostensible goal of their actions – stopping the referendum – was not achieved. Seventy-three percent of the polling stations remained open and functioning, despite the efforts of the Guardia Civil – underscoring the blind arrogance of Spanish Prime Minister Mariano Rajoy as he stupidly claims that “no referendum was held in Catalonia.” Spain’s actions, he said, are “an example to the world.”

What is that guy smoking?

Outside of the fantasy world of Señor Rajoy, the Catalan referendum has indeed been held, and the results are not in doubt: the question is, what will the Catalan government do now? And what will be Madrid’s response?

The spectacle of violent repression unleashed against peaceful protesters has provoked widespread outrage throughout Europe. Despite the coolness with which the EU bureaucracy views the Catalan government, it is doubtful that the European Parliament will stand idly by while this goes on, and there is probably considerable pressure being brought to bear on the Spanish authorities by the EU bloc to hold back. Yet it looks to me like Madrid, after going this far, is going to double down and go much further – with catastrophic results.

To continue reading: Catalonia: What’s Next?

Does “More Europe” Mean More Government? by Daniel Lacalle

Like governments everywhere, the government of the European Union has gotten bigger and more intrusive…very big, and very intrusive. From Daniel Lacalle at mises.org:

Imagine for a moment that you are a British citizen with doubts about Brexit. You turn on the television and listen to the President of the European Commission, Jean-Claude Juncker, state the following:

  • That the 27 countries of the Union should adopt the euro and be in Schengen by 2019.
  • That “we are not naive defenders of free trade”.
  • That Europe needs a European superminister of Economy and Finance who is also Vice-President of the Commission and President of the Eurogroup.
  • That a European Monetary Fund should be created

Probably, at that moment, many doubts will dissipate. Unfortunately, for those who would like the UK to remain in the European Union, in the opposite direction of their wishes. You would probably think “thank God we are out”.

Juncker’s speech on September the 13th did not seek to find elements for an agreement with the United Kingdom, but to strengthen the current model of the Eurozone at all costs. It was presented as an opportunity to remind us all of his real project for the European Union, clearly based on the French interventionist economic and financial “dirigisme”, and very far from the UK, Finnish, Irish or Dutch open model of economic freedom.

That is the big problem. The message of “more Europe” is always oriented towards “more interventionism” .

A few weeks ago we questioned in this column the triumphant message of the European Commission affirming that “Europe has left the crisis thanks to the decisive action of the European Union“. With Juncker’s speech we can say that the slightest hint of taking advantage of Brexit to improve in freedom, flexibility and dynamism disappears.

Instead of reflecting on the reason why the hyper-regulated and massively intervened Europe has taken more than three times as other countries to emerge from the crisis, we are faced with the classic response of bureaucratic power.

According to Juncker and others’ in Brussels, one could think that if Europe grows less, creates less employment and comes out of the crisis later, it is not because of excessive bureaucracy, but because there is not enough.

To continue reading: Does “More Europe” Mean More Government?


Three Cheers For MEP Dan Hannan: Why Not A Better Brexit Deal For Everyone? by Mike “Mish” Shedlock

Free trade benefits any nation that adopts it, regardless of whether or not any other nation does. From Mike “Mish” Shedlock at mishtalk.com:

The EU values political correctness more than jobs.

The result was a collapse in support for Angela Merkel, and the rise of AfD and FDP in Germany. Let’s not forget Marine Le Pen in France, Beppe Grillo in Italy, and the far right in Austria.

For the sake of political correctness, the EU is bound and determined to punish the UK for Brexit even though new studies suggest that a Hard Brexit Will hurt the EU More Than Britain.

The European Union will lose more than twice as many jobs as Britain after a hard Brexit, research by one of the world’s leading universities found as tough UK-EU divorce talks begin in Brussels.

Hard Brexit describes what will happen if the UK and EU fail to reach a divorce deal by 29 March 2019. Britain would revert to WTO tariffs on imports and exports to and from the EU rather than the zero tariffs afforded by membership of the bloc.

The return of tariffs to goods and services would cost 526,830 British jobs and 1.209 million jobs in the remaining 27 EU member states, according to researchers at Belgium’s University of Leuven, one of the top 50 global universities. The damage would lead to a 4.48% drop in UK GDP and 1.54% in EU GDP, researchers found.

Free Trade Benefits

As I have pointed out previously, a free trade agreement can fit on a napkin. Her is my proposal once again: “Effective immediately all subsidies and tariffs cease regardless of what any other nation does.”

The first nation that adopts that policy will see an enormous economic benefit.

Very few people fully understand free trade. Even fewer politicians understand free trade. One of the few who does understand is British MP Daniel J Hannon.

In a Telegraph Op-Ed Hannan writes By embracing free trade, we can use Brexit to make everyone better off.

To continue reading: Three Cheers For MEP Dan Hannan: Why Not A Better Brexit Deal For Everyone?

This Super Bubble Is About to Pop, by Nick Giambruno

The supper bubble in question is Europe. From Nick Giambruno at internationalman.com:

France’s new president can’t keep the European Union together.

In early May, France elected globalist darling Emmanuel Macron. His victory gave the EU a short-term boost. However, it did not change the fundamental problems with Europe’s artificial mega-state.

Doug Casey agrees…

Doug Casey: The EU was built upon a foundation of sand, doomed to failure from the very start. The idea was ill-fated because the Swedes and the Sicilians are as different from each other as the Poles and the Irish. There are linguistic, religious, and cultural differences, and big differences in the standard of living.

Artificial political constructs never last. The EU is great for the “elites” in Brussels; not so much for the average citizen.

Meanwhile, there’s a centrifugal force even within these European countries. In Spain, the Basques and the Catalans want to split off, and in the UK, the Scots want to make the United Kingdom quite a bit less united.

You’ve got to remember that before Garibaldi, Italy was scores of little dukedoms and principalities that all spoke their own variations of the Italian language. And the same was true in what’s now Germany before Bismarck in 1871.

The chances are better in the future that the remaining countries in Europe are going to fall apart as opposed to being compressed together artificially.

I think it’s unlikely the Europe of tomorrow will look anything like the picture below.

A Fool’s Vision of Europe’s Future

Europe is far more likely to splinter and eventually resemble the map below. It shows what Europe would look like if all its current separatist movements were to succeed.

Europe—If All Its Current Separatist Movements Succeed

To continue reading: This Super Bubble Is About to Pop

Strangers, by The Zman

People don’t like being ruled by remote, faceless technocrats and apparatchiks. From the Zman on a guest post at theburningplatform.com:

The purpose of the European project, at least the purpose sold to the public, was to provide long term stability to the continent, particularly economic stability. The lesson of the first fifty years of the 20th century was that nationalist competition among states led to economic instability and war. Therefore, cooperation among the nations of Europe on economic matters, as well as a common defense, would keep the peace and allow all nations to prosper together, as one continent.

Talk to sophisticated Europeans and they will give you some version of how a united Europe has kept the peace. Many will argue that open borders and a single currency have been the solution. The Euro has become a symbol for the end of individual people, replaced by the common people of Europe. One people, one currency. The economic and political arguments for Europe have become a religion of sorts for the sophisticated types. This was obvious in the Brexit vote, with all the shrieking and panic after it.

The trouble is the Euro is proving to be unworkable and possibly a disaster for Europe. Since the end of the Cold War, when the project was supposed to come into its own as the new organizational model for the continent, it has been one crisis after another. The answer each time has been a doubling down on political and bureaucratic unification, which results in a new crisis. Each time they muddle through one problem, the result in a new set of bigger problems to be addressed.

To continue reading: Strangers

ECB’s First Chief Economist Warns – The EU is a ‘House of Cards’, by Michael Krieger

Yes, the European Union is doomed and will collapse, probably sooner than most people think. From Michael Krieger at libertyblitzkrieg.com:

None of the following about the EU will come as a surprise to most of you, but the language used by Otmar Issing is nevertheless pretty remarkable.

The Telegraph reports:

The European Central Bank is becoming dangerously over-extended and the whole euro project is unworkable in its current form, the founding architect of the monetary union has warned.

“One day, the house of cards will collapse,” said Professor Otmar Issing, the ECB’s first chief economist and a towering figure in the construction of the single currency.

Prof Issing said the euro has been betrayed by politics, lamenting that the experiment went wrong from the beginning and has since degenerated into a fiscal free-for-all that once again masks the festering pathologies.

“Realistically, it will be a case of muddling through, struggling from one crisis to the next. It is difficult to forecast how long this will continue for, but it cannot go on endlessly,” he told the journal Central Banking in a remarkable deconstruction of the project.

The regime is almost certain to be tested again in the next global downturn, this time starting with higher levels of debt and unemployment, and greater political fatigue.

Prof Issing lambasted the European Commission as a creature of political forces that has given up trying to enforce the rules in any meaningful way. “The moral hazard is overwhelming,” he said.

The ECB has “crossed the Rubicon” and is now in an untenable position, trying to reconcile conflicting roles as banking regulator, Troika enforcer in rescue missions and agent of monetary policy. Its own financial integrity is increasingly in jeopardy.

The central bank already holds over €1 trillion of bonds bought at “artificially low” or negative yields, implying huge paper losses once interest rates rise again. “An exit from the QE policy is more and more difficult, as the consequences potentially could be disastrous,” he said.

“The decline in the quality of eligible collateral is a grave problem. The ECB is now buying corporate bonds that are close to junk, and the haircuts can barely deal with a one-notch credit downgrade. The reputational risk of such actions by a central bank would have been unthinkable in the past,” he said.

Prof Issing slammed the first Greek rescue in 2010 as little more than a bailout for German and French banks, insisting that it would have been far better to eject Greece from the euro as a salutary lesson for all. The Greeks should have been offered generous support, but only after it had restored exchange rate viability by returning to the drachma.

To continue reading: ECB’s First Chief Economist Warns – The EU is a ‘House of Cards’