Tag Archives: Hungary

A Massive Global Restructuring is Underway… Here’s What it Means for Europe, by Chris MacIntosh

How long before Hungary leaves the EU and NATO? Will any other nation follow? From Chris MacIntosh at internationalman.com:

Massive Global Restructuring

Several shifts in alliances and bifurcations are happening right now which are going under the radar.

Hungary out of the EU?

We’ve long said that Hungary was going to leave the EU. It is just a question of time.

The daily news announced that “hundreds of high-ranking military officers sacked in Hungary”. From the article:

Multiple Hungarian media outlets reported that Hungary’s defense minister sacked hundreds of high-ranking military officers. The people concerned have two months to leave and will get 70 percent of their current salaries as a pension-like allowance even if they continue to work. The minister says the move served the rejuvenation and modernisation of the army. The opposition believes the government fired pro-NATO officers.

To be clear, I don’t know if this is true. But as with most things, you piece together multiple bits of information and a picture forms providing probabilities. It is with these probabilities that we begin to price outcomes and assets accordingly. Where most probable outcomes coincide with cheap or expensive asset classes is where we find asymmetry.

So what we do know is that Hungary has been against the Ukraine war from the get go.

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Smack-Down! Hungary Pushes Back Against Obnoxious US Ambassador, by Daniel McAdams

Those Hungarians are a plucky bunch. From Daniel McAdams at ronpaulinstitute.org:

Biden’s Ambassador to Hungary, David Pressman, is a particularly odious specimen in a long line of obnoxious US residents of Szabadság tér since the end of Hungary’s subjection to Soviet control in 1989.

Before him, Soap Opera producer and Obama glamor-queen moneybags Coleen Bell warned Hungarians in 2016 to get on board with the destruction of Syria or face the wrath of DC.

Secretary of State Tony Blinken’s own father, Donald, did the Clinton Administration’s bidding – which was to promote with the entire weight of the US government the return of the communists – when he was US Ambassador to Hungary in the 1990s. I remember it well as editorial page editor of the largest English language newspaper in Central Europe, in Budapest: fielding calls from the US Embassy demanding that I tone down criticisms of “former” communists in my weekly editorials.

The US wanted an obedient Hungary, not an independent and democratic Hungary. Kind of like what the Soviet Union wanted.

Washington’s overt meddling and manipulation of Hungary’s internal politics has been ongoing from the beginning of the post-Cold War era, when the long-discredited Mark Palmer decided that his seat on the Ambassadorial throne in Budapest entitled him to live like Smaug upon all the gold of St. Steven’s ancient kingdom. Then-Secretary of State James Baker gave Palmer 24 hours to vacate his position as US Ambassador due to the disgusting corruption. Things haven’t improved much since then.

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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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An election went well in Europe, and George Soros is not happy, by Andrew Benjamin

Hungarian nationalist Viktor Orban recently won his fifth election and the EU and George Soros are not happy about it. They are already exacting their revenge. From Andrew Benjamin at americanthinker.com:

The E.U. is corrupt, tyrannical, autocratic, and undemocratic.  It expresses the very characteristics of which it has accused Hungary, Poland, and its leaders.

On the take, bribed, spiteful, woke, and unjust, the E.U. has come unhinged after their plans to dominate Hungary’s people failed after the elections of March 3.

One of the key players aligned against Hungary is the billionaire oligarch George Soros, who backs a well-funded web of NGOs, media, and lobbyists.  Uncle “Gyuri” has been clear about his desire to punish Hungary using the E.U.’s sanctions mechanism: “I call on the EU to make Hungary a test case.”

Hungary’s two sins?

  1. Hungarians want Soros to harass some other people.
  2. Exercising democracy.

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Day 39 of the Russian SMO – a few developments, by Andrei

The course of both wars—the propaganda one and the military one—from a Russian perspective. From Andrei at thesaker.is:

First, in Hungary, Viktor Orban won a supermajority in the latest elections.  This makes perfect sense, as Orban’s policies have guaranteed that Hungary will get her energy at a low and stable price for the next 15 years (if I remember correctly) while the Eurolemmings will get their at astronomic prices on the spot markets which they themselves chose over long term contracts.  The same goes for food items, fertilizer, etc.

I want to congratulate the Hungarian people not only on being the smartest in Europe, but for showing and proving that even a nation which is part of the EU and NATO can defend its own national interests.

Now about the Bucha fake, I won’t repeat it all here, I rather simply refer you to these:

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Pollsters Humiliated As 2 Pro-Putin Parties Win Avalanche Victories In European Elections, by Tyler Durden

Not everybody in Europe is onboard the EU and U.S. war propaganda train. From Tyler Durden at zerohedge.com:

In a one-two knockout punch for pro-Russia governments in Europe, on Sunday the government of Serbia’s pro-Russia president Aleksandar Vučić was headed for an avalanche victory in the country’s presidential election with nearly 60% of the vote, a big improvement to this 2017 election result…

…. while Hungary’s Pro-Russia prime minister, Viktor Orban, was on track to clinch a fourth consecutive term, leveraging a message against being dragged into the war in neighboring Ukraine, to reassert himself as the European Union’s longest-serving premier.

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Will Viktor Orban Bring Down the House That Davos Built? By Tom Luongo

Viktor Orban is certainly a thorn in the side of the European smart set. From Tom Luongo at tomluongo.me:

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Poland Claws Back Sovereignty from European Union, by Soeren Kern

It wouldn’t be a surprise if the EU didn’t exist a decade from now. From Soeren Kern at gatestoneinstitute.org:

Poland’s Constitutional Tribunal has ruled that Polish law takes precedence over European Union law. The landmark ruling, which seeks to reassert national sovereignty over certain judicial matters, has called into question the legitimacy of the EU’s supranational legal and political order. Pictured: Poland’s Constitutional Tribunal building, in Warsaw. (Image source: Adrian Grycuk/Wikimedia Commons)

Poland’s Constitutional Tribunal has ruled that Polish law takes precedence over European Union law. The landmark ruling, which seeks to reassert national sovereignty over certain judicial matters, has called into question the legitimacy of the EU’s supranational legal and political order.

The power struggle has angered European federalists, who are seeking to turn the 27-member EU into a European superstate — a United States of Europe — and who do not take kindly to those who challenge their authority.

The EU, which Poland joined in 2004, has vowed to retaliate, including with potential financial penalties. Poland, which threw off the yoke of Soviet domination in 1989, replied that EU institutions are unlawfully overstepping their powers.

Poland is not the only country to challenge the supremacy of EU law. The United Kingdom, once the EU’s second-largest member state, officially left the bloc in 2020 to reclaim its sovereignty from the tentacles of the EU administrative state.

More recently, Germany’s Constitutional Court issued an unprecedented ruling that directly challenged the authority of the European Central Bank to purchase vast amounts of government bonds, a monetary policy known as quantitative easing. The German court ruled that the practice is illegal under German law as neither the German government nor the German parliament signed off on the purchases. The EU’s legal feud with its largest member has threatened to unravel not only Europe’s single currency, the euro, but the EU itself.

Poland says that it has no plans for a “Polexit.” Unlike Britain before its Brexit referendum in 2016, popular support for EU membership remains high. If, however, Poland were to leave the EU, it would cast doubt on the bloc’s future viability.

Poland’s dispute with the EU revolves around sweeping judicial reforms implemented by the ruling Law and Justice party (PiS) since 2015. The government has argued that its changes were necessary to tackle corruption in a justice system dominated by communist-era judges, but critics, including the European Commission, the EU’s administrative arm, say the reforms have eroded the independence of Poland’s judicial system.

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From the Notebook: Hungary Finally Has to Make a Choice, by Tom Luongo

The choice for Hungary is to bow to the EU’s dictates . . . or else. From Tom Luongo at tomluongo.me:

The insane over-reaction from the European Union over Hungary’s “Anti-LGBTQ Propaganda” law is a big tell that Brussels is losing control of the periphery of Europe. It’s also a tell that things have progressed to a point of no return.

This law is extremely popular within Hungary but has sent the EU into absolute apoplexy. Dutch Prime Minister Mark Rutte (with 22% national support mind you) fulminated so hard at this he demanded Hungary be thrown out of the EU.

Right after that the EU began legal proceedings against Hungary to gain leverage over them. But, this was never about equality for Hungarian furries. This was always about the next step in the EU’s plans, as conceived by Davos, to force a legislative agenda through the European Council which would in turn force the world further onto the EU’s standards for combatting Climate Change.

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From a Hamilton Moment to Perpetual Debt Slaves: This Is the True Face of the EU, by Tom Luongo

If members of the EU want EU money, they have to play by the EU’s often draconian and nonsensical edicts. Hungary and Poland said no thanks. From Tom Luongo at strategic-culture.org:

Over the summer while the U.S. was mired in the worst kind of color revolution with race riots, economic shutdowns and the worst kind of divisive politics, the European Union was celebrating its great achievement.

A seven-year budget and COVID-19 bailout package that was heralded as German Chancellor Angela Merkel’s “Alexander Hamilton Moment.” Because that legislation, meant to be the cornerstone of Germany six-month stint as the president of the European Council finally granted the European Commission the ability to issue debt, collect taxes and disburse funds.

That would be the way the COVID-19 relief funds would be raised and distributed. It was the first moment of fiscal integration under a central EU body that would bypass the individual member states as the means by which to raise capital.

It would be the first step in the process of consolidating debt issuance and euro creation under the control of Brussels, rather than continuing to carry out the fiction of individual sovereign debt.

The euro is a fatally flawed currency because of this and if it is to survive deeper into the 21st century having only one central issuer of it, the EU itself via the European Commission and the European Central Bank, with one aggregated risk profile (interest rate) is necessary.

The current leadership of the EU was put in place to make this happen on powerful Germany’s watch. And in July is looked like it was done. The markets loved it. The media hailed Merkel as the great leader of Europe. Some countries balked, the so-called Frugal Five, but eventually they signed off on the draft legislation once they were no longer directly on the hook for any more wealth transfers from them to perpetual problem children like Italy, Greece and Spain.

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