COMMENT: Standard & Poor’s recent downgrade of eurozone countries’ credit ratings leaves us with much to ponder:
Germany’s credit rating remained at triple-A.
The McGraw family–owners of S & P–are decades-long power elite associates of the Bush family.
As noted by Paul Krugman (and the vigilant “terrafractyl”) S & P’s own analysis warns that the “continued austerity” [...]
COMMENT: The invaluable german-foreign-policy.com newsletter (which feeds along the bottom of the front page of this website) sheds interesting light on how the indebtedness of failing European economies plays into the hands of those who aspire to the geographical expansion of Germany.
Wealthier areas of struggling nations are moving toward secession, in some cases looking [...]
COMMENT: The Eurozone crisis and the advance of fascism in its afflicted nations has afforded us some telling imagery. Mussolini took the name for his “Corporate State” from the fascis–a bundle of rods bound together with an axe head joined to it.
In the wake of the formation of the provisional government in Greece, we [...]
COMMENT: As things deteriorate, a growing number of voices are echoing a warning I’ve sounded for decades.
In the article below, Dominic Sandbrook notes that the collapse of the global economy during the Great Depression drove the desperate into the arms of political extremism.
Noting the inability of the feckless coalition government in Britain to [...]
COMMENT: During the eurozone debt crisis, France and Germany have jointly announced/proposed various elements of solution, with statements carefully crafted to shape the actions as best for all parties involved and deriving from mutual interests.
Yet, the media have recognized that the solution will be a “Europa Germanica,” with German political and economic will [...]
COMMENT: As Germany cements its control over the European economy and the European Central Bank, the German power elite are openly and derisively calling for Britain to join the EMU.
(Note that the ECB could solve much of the eurozone debt crisis by lending money, but has been blocked by Germany from doing so. The only [...]
COMMENT: Viewing events in Europe brings to mind the closing words of James Stewart Martin’s All Honorable Men. Quietly, the Eurozone debt crisis has brought about an orderly transition to the “calm judgement of business necessity” with which Martin closed his book.
As Greece and Italy have seen governments appointed by the German dominated “technocracy” with [...]
COMMENT: From Mark Ames comes an important new post, supplementing information about fascists in the new Greek government. Recall that Greece was under the rule of a fascist junta that came to power in 1967. Makis “Hammer” Voridis, the current minister of “Infrastructure, Transport and Networks” in the Greek Government, is a doctrinaire fascist and [...]
COMMENT: In the wake of the economic and political turmoil sweeping Europe as a result of the Eurozone debt crisis, Greece has formed a new coalition government, one of whose participants is the LAOS party.
Reported to have played a major role in the formation of the new provisional government and possibly in line for a [...]
COMMENT: As the global economy reels from the Eurozone debt crisis, it may be useful to ponder a little known aspect of the background of former French President Francois Mitterand, the man who [officially] insisted on the formation of the common European currency.
As discussed in Miscellaneous Archive Show M61, Mitterand [...]
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