Spitfire List Web site and blog of anti-fascist researcher and radio personality Dave Emory.
The tag 'European Central Bank' is associated with 17 posts.

FTR #984 Fascism: 2017 European Tour

We begin our tour by examining overtly fascist elements in the governing Bulgarian coalition of Boyko Borisov, evocative of Bulgaria’s past as an ally of Nazi Germany in World War II. ” . . . May 17, Pavel Tenev, Minister of Regional Development, at the time, was forced to resign, after publication of a photo, showing him with his right arm extended in a Nazi salute, standing in front of a wax figure of a Nazi officer in Paris’ Musée Grévin. May 19, another photo was published on the internet, showing the freshly appointed department director in the Ministry of Defense, Ivo Antonov, also giving the Nazi salute in front of a Second World War tank of the Wehrmacht. . . .”

Other coalition partners have made disparaging remarks about Roma (“gypsies”) and Jews. Worth noting that Borisov’s selection of coalition partners: ” . . . .Following the recent March 26, parliamentary elections, Borisov, the winner of the elections (his GERB with 32.7 percent), did not begin negotiations for a government coalition with the Bulgarian Socialist Party (27.2 percent) or with the Movement for Rights and Freedoms (9 percent) representing the Turkish-speaking minority, but rather with the United Patriots (9.1 percent). The United Patriots is an alliance of three extreme right-wing parties. . . .”

In recent weeks, the struggle over the potential secession of Catalonia from Spain has garnered considerable attention

That struggle is framed against a larger political dynamic embracing advocacy of the elimination of formal national borders in Europe in favor of “regionalist plans.” Just such regionalist advocacy was the focal point of a prominent article (with accompanying maps of the projected realignment) in Die Zeit, a major German weekly.

Regionalist advocacy has a significant past, with the early postwar CIA and Allen Dulles having embraced such a dynamic. ” . . . . the federalists had initially been supported and controlled by the CIA predecessor, the Office of Strategic Services (OSS) and [one of its top spies] Alan Dulles, residing in Bern, and later by the CIA itself. . . .”

In addition, the regionalist dyanamic enjoyed the support of long-time German finance minister Wolfgang Schauble, whose advocacy and implementation of brutal fiscal austerity helped beggar much of the EU, including Spain, following the financial crisis of 2008. ” . . . . Wolfgang Schäuble, as President of the Association of European Border Regions (AEBR) in the early 1980’s, was also promoting regionalist plans. Inspired by former Nazi functionaries, the AEBR criticized the ‘nation-state’s barrier effect’ of borders in the interests of large corporations. . . . Former Nazi functionaries were actively participating both on the AEBR’s committees and in the immediate entourage of its planning of the ‘regionalization’ of the border regions, including Gerd Jans, the former member of the Waffen SS in the Netherlands, Konrad Meyer, responsible for the Nazi’s ‘Generalplan Ost,’ Hermann Josef Abs, of the Deutsche Bank, as well as Alfred Toepfer, described by the publicist Hans-Rüdiger Minow as ‘infamous for his border subversion of France’s Alsace.’ In an extensive study, Minow describes the continuities of the Nazi’s concepts. . . .”

Despite an initial impression of “regionalism” that many might see as alien, The Schauble/AEBR/regionalism dyanmic ideology may be seen as something of a subsidiary element of globalization. ” . . . .  .In 1979, Schäuble became president of the Association of European Border Regions (AEBR), an organization with the objective of downgrading the significance of borders in Europe. Business interests played an important role, which is why the AEBR could find reliable supporters in industry. A ‘European Charter on Border and Cross-Border Regions,’ passed by the AEBR in 1981, stipulated that the ‘elimination of economic and infrastructural barriers’ must urgently be pursued. . . .”

The implementation of regionalization would facilitate German domination of Europe, which has met resistance from poorer EU and EMU countries over the austerity doctrine favored by Wolfgang Schauble. ” . . . . Economic maps by the EU’s Eurostat statistics administration show the regions where Europe’s wealth and, therefore, Europe’s economic power is concentrated, a block with its centers in southern and central Germany, to the west, in Flanders and spreading to segments of the Netherlands, and to the South to parts of Austria and Northern Italy and in various separate regions of Western and Northern Europe. A number of these regions maintain close relations to Germany, or to the German regions. (german-foreign-policy.com reported.[11]) This clearly German-dominated block would hardly have any difficulty controlling a ‘Europe of the Regions.’ . . . .”

Also worth noting is the fact that the Catalonian independence movement embraces a Catalonian identity that involves people from France, as well as Spain: ” . . . . The Catalan movement currently pushing for secession is in fact largely defining itself ethnically. The autonomous movement has been closely cooperating with French citizens, who live outside the Spanish region of Catalonia, but also consider themselves ‘ethnic Catalans.’ At their rallies one can hear ‘Neither France nor Spain! Only one country, Catalonia!’ . . . .”

The two Twitter accounts that appear to account for nearly a third of all Twitter traffic with the #Catalonia hashtag, in reference to the Catalonian secession movement belong to Julian Assange and Edward Snowden.

 Of more  than passing interest, under the circumstances, is the Twitter effort by both Julian Assange and Edward Snowden on behalf of Catalonian independence.

 As seen in many past programs and posts, Snowden and Assange are as far to the right as it is possible to be.

 Their cyberlibertarian activism and their support for Catalonian independence is rooted in anarcho-libertarian economic theory. Seeing the dissolution of national governments as desirable, their support for the principle of secession is rooted in what Mussolini termed “corporatism.”

 Snowden and Assange’s ostensibly “liberating” doctrines, if put into effect, would leave citizenry  at the mercy of unfettered economic will, exercised by corporations and their associated elites.

Snowden specifically appears to be advocating that no secession movement anywhere ever can be rejected by the government under the premise that self-determination is a human right, viewing this as a “natural law” issue.

In that context, the right to secede is championed by the Libertarian far-right, all the way down to the right to individuals to secede from all government. As this piece from Libertarian David S. D’Amato demonstrates, extending the right to secede down to the individual facilitates the implementation of an anarcho-capitalist society with no government at all, as seen by figures like Murray Rothbard. This is envisioned as an excellent wayof achieving an anarcho-capitalist utopia.

The Snowden/Assange pro-secessionist movement should also be seen against the background of the Neo-Confederate movement, championed by Ron Paul and the Ludwig Von Mises Institute.

 Following capture of 13 percent of the vote in Germany’s federal elections on Sunday by the Alternative For Germany (AfD), Alexander Gauland, the AfD leader, provoked outrage after suggesting that Germans should no longer be reproached with the Nazi past.

This type of behavior apparently motivated AfD leader Frauke Petry to leave the party, just hours after the election over its extremism.

Program Highlights Include:

1.-Review of Dorothy Thompson’s 1941 article about what a Nazi victory in Europe would look like–a scenario that bears considerable resemblance to the regionalization plan discussed above.
2.-Discussion of the potential fortunes of Austria’s Freedom Party, formed in 1956 as a vehicle for the re-introduction of Austrian Third Reich alumni into that nation’s political process.


FTR #983 Fascism, 2017 World Tour, Part 2

As the title indicates, this program examines manifestations of fascism around the world.

In Europe, we analyze:

1.-The recapitulation of Nazi and fascist elements in the current Bulgarian coalition government of Boyko Borisov. (Bulgaria was a Nazi ally in World War II.)
2.-The vitality of “regionalism”–a political/economic doctrine that advocates the secession of key prosperous regions from nation states.
3.-Analysis of regionalism as an application of globalist economic theory to Euorope.
4.-The history of regionalism’s advoacy by Third Reich veteran theoreticians.
5.-Edward Snowden and Julian Assange’s support for Catalan secession from Spain.
6.-The success of the AfD in German elections.
7.-AfD politician Alexander Gauland’s statement that Germans should be proud of what that country’s soldiers accomplished in World War II.
8.-The Austrian Freedom Party’s projected success in upcoming elections. The party was formed in 1956 by Third Reich veterans as a vehicle for re-introducing Austrian Nazis into the country’s political life.

In Latin America, we examine:

1.-The verdict that Argentine AMIA bombing investigator Alberto Nisman’s death was a murder, not a suicide.
2.-Review of the AMIA bombing investigation.
3.-The discovery of a cache of Nazi artifacts, including devices used for determining racial purity. Hitler apparently posed with some of the artificats.
4.-The role of Nisman’s widow as the judge investigating the Nazi artifact case.
5.-Operational links between American Nazi Christopher Cantwell and the Koch Brothers-funded Ludwig Von Mises Institute in Brazil.

In the United States, we detail:

1.-How Breitbart actively promoted Neo-Nazism, while downplaying what it was actually doing.
2.-How white supremacist and Nazi elements are successfully using YouTube to mainstream fascist and racist views.

In the Middle East, we highlight:

1.-Benjamin Netanyahu’s political connections with the Thyssen/Krupp firm, one of the lynchpins of the Bormann capital network.
2.-Yair Netanyahu’s attribution of his father’s political difficulties to sabotage by an international Jewish conspiracy.
3.-Ronald Regan’s 1981 citation of Ibn Khaldun as a key advocate for supply-side economics.
4.-Review of the Muslim Brotherhood’s embrace of the views of Ibn Khaldun.


The New World Ordoliberalism, Part 7: To QE, or Not to QE, That is the Ominous Question

As the European Central Bank (ECB) continues to wrestle with the decision of when and how quickly to wind down its quantitative easing (QE) program while inflation remains stubbornly below the 2 percent target and likely to stay well below 2 percent for the foreseeable future, it’s worth noting that there’s a new nightmare to add to the equation: The euro has surged in value this year, a move that not only depresses exports in recovery economies like Spain and Portugal but also depresses inflation. And one of the things holding down the value of the euro is the ECB’s QE program. So if the ECB tapers off the QE too early and quickly it’s going to make an overly-strong euro even stronger while dragging inflation even lower, potentially derailing fragile recoveries in the austerity-inflicted member states. And that means not sending the wrong signals is a key goal of the ECB is things are going to go smoothly. Guess which signals are being sent.


The New World Ordoliberalism Part 6: The QE Taper Caper and the Portuguese Squeeze

In this chapter of our exploration of what’s wrong with the eurozone we’re going to take a look at the evolving nature of the European Central Bank’s (ECB’s) quantitative easing (QE) program. Specifically, how the QE program was facing a set of obstacles that was going to require some tweaking to the program and how the solution to the obstacle was to basically choose the tweaks that harmed the weak, in particular Portugal. In favor of Germany, of course. Keep in mind that Portugal recently formed a left-wing anti-austerity government and has done relatively economically well since coming into power . Also keep in mind that Portugal is one of the few eurozone nations not facing a rising far-right “populist” movement as a response to its harsh austerity program. So you might say the timing is “right” for some preferential treatment of Portugal. Preferentially bad treatment.


FTR #928 The Trumpenkampfverbande, Part 7: Locker Room Eclipse, Part 2

Continuing analysis of aspects of Donald Trump’s candidacy that have been eclipsed by his boorish attitude and behavior toward women, we note Trump’s use of thinly-veiled anti-Semitic rhetoric intimating that Hillary Clinton is in bed with an international Jewish cabal. ” . . . . The speech was hinged to the original purpose of his campaign: to trade on the resentments of a restive remnant of white America—angry white men and the women who love them—and set the stage for mayhem in the wake of his likely electoral defeat. This was not your standard, off-the-cuff Trump rant. This was a scripted speech, delivered with a teleprompter. It was crafted. It featured the key words of right-wing complaints: “sovereign,” “global bankers” and “slander.” Really, it came right out of a Nazi propaganda playbook. And when one considers the themes common between Nazi propaganda films and the films made by top Trump campaign staffers Stephen K. Bannon and David Bossie (as analyzed by AlterNet), we should hardly be surprised. . . . The agenda of the “media establishment,” Trump said, was to elect “crooked” Hillary Clinton, in the service of “special global interests rigging the system.” There are a lot of ways in the land of Wingnuttia to telegraph that your target is Jews, and these are two of them. Remember them: You’ll be hearing a lot in coming days about the “media establishment,” “global special interests,” oh, and “bankers.” . . . .”

Trump is also rhetorically invoking the prospect of turning to violence to right the wrongs of the “rigged” election he has bruited about. “ . . . . I watched his speech Thursday, and if I closed my eyes, I could smell the campfire smoke at the Malheur refuge and feel the Oregon winter wind on my face. Here were the conspiracies, the references to the shadowy international cabals, the whispers about the illegitimacy of the Department of Justice and the Trilateralist coopting of the FBI. It was like listening to an immodest Ammon Bundy. We have to protect ourselves from not just the government (because it is only a pawn) but from the people who really run it. We should be watchful, resilient, ready—and though he is reluctant, he will sacrifice himself, for he is the only one who can save us from the terror. Donald Trump shouted out every fevered dystopian fantasy I heard on the refuge . . . . I was outraged by Trump before. But now I am worried. . . . Thursday, Donald Trump traveled a step further down the path of militant right-wing revolution. It wasn’t a call to arms, exactly. But it was far past the point of comfort. . . .”

A major point of discussion concerns Trump’s deputy campaign manager, David Bossie. Even as Trump accuses Hillary of being a tool of the “elites,” Trump is utilizing Bossie, who is the head of Citizens United. It was a lawsuit by Bossie’s organization that opened the floodgates to virtually unlimited campaign funding by the ultra rich, when the Supreme Court ruled in favor of Citizens United. Bossie and Steven K. Bannon, Trump’s campaign manager, have utilized propaganda techniques pioneered by Hitler, Goebbels and company. ” . . . . The late Andrew Breitbart, founder of the website Bannon went on to lead, called Bannon the “Leni Riefenstahl of the Tea Party movement”—a reference to the infamous creator of Nazi propaganda films. While insisting to a Wall Street Journal reporter in 2011 that his work isn’t propaganda, Bannon went on to cite Riefenstahl among his main influences. . . . Ivana Trump, the candidate’s first wife, told Vanity Fair in 1990 that her husband kept a copy of Adolf Hitler’s My New Order, a collection of speeches that display the Nazi dictator’s exceptional ability to manipulate reality, in a cabinet near his bed. . . . . The Nazi regime produced a massive amount of propaganda; it had an entire Ministry of Public Enlightenment and Propaganda, headed by Joseph Goebbels. A central technique of Nazi propagandists, according to the U.S. Holocaust Memorial Museum, was to cast Jews as outsiders and dangerous enemies of the Reich, ‘‘subhuman’ creatures infiltrating Aryan society.’ . . . In her analysis of Riefenstahl’s ‘Triumph of the Will,’ Price noted that ‘perhaps most critically, Germany’s comeback is portrayed as well underway; the viewer need only jump aboard. What is being said implicitly is that there is no alternative.’ In ‘Battle for America,’ Bannon and Bossie follow the same formula, positing the Tea Party movement as the bandwagon to jump on. But the formula isn’t the only thing about the film that carries echoes of Goebbels: a researcher and counsel for the film was white nationalist Robert Vandervoort. . . .”

Program Highlights Include: The arrest of militia members in Kansas for plotting an attack on Somali refugees, scheduled for the day after Election Day; discussion of UK Independence Party leader Nigel Farage’s support for Trump; the support Trump has received from Russian fascist Vladimir Zhirinovsky; Zhirinovsky’s funding by German Nazi Gerhard Frey; Frey’s dissemination of the disinformation that Lee Harvey Oswald fired at General Edwin Walker; Frey’s close association with Reinhard Gehlen; Trump’s close relationship with the Steuben Society.


FTR #927 The Trumpenkampfverbande, Part 6: Locker Room Eclipse

With Donald Trump’s sexual habits and speech dominating the headlines at the moment, we are seeing what Trump termed “locker room” banter eclipse far more important aspects of the Trump phenomenon. The GOP candidate continues to manifest Nazi-style beliefs, trumpeting the importance of heredity, breeding and genes to success, with his own German heritage having much to do with his own largesse. In that context, we note that his “genes,” in the form of Donald, Jr., may well be on the scene for some time.

Although Donald, Sr. would appear poised to lose the election in November, the Trumpenkampfverbande–the movement that has coalesced around him–is poised to continue, being (in our opinion) the transformation of the Underground Reich into a broad-based mass movement. Donald, Jr. appears to be a bird of the same political plumage as his father, with a penchant for racism and “Alt-right” tweeting. As one blogger put it: ” . . . And in the last couple of weeks Junior has let his alt-right freak flag fly. . . .” Junior also has political aspirations: ” . . . The oldest son of the Republican presidential nominee said that while he still has ‘a lot to do in my own career,’ he would seriously consider following in his father’s footsteps out of real estate and into political life. . . .” Donald, Jr. does not appear on the surface to share his father’s destructive sexual practices, and might become a standard-bearer for an Underground Reich in plain view for some time to come.

Another critical aspect of Trump’s political connections that has been overshadowed by the “locker room eclipse” concerns Trump’s profound, longstanding connections to Deutsche Bank, his go-to lender for his myriad real estate practices. Currently destabilizing equities markets around the world, Deutsche Bank holds the potential to collapse the global financial landscape. Having benefitted from a “rigged” ECB stress test, having benefitted from predatory lending practices during the sub-prime crisis, having benefitted from a Federal Reserve bailout following the collapse of 2008 and facing a potential $14 billion fine from the U.S. Department of Justice, Deutsche Bank holds 42 trillion euros worth of derivatives on its books, an amount 11 times the economy of Germany! Trump’s being in hoc to Deutsche Bank for upwards of $100 million raises interesting questions about his potential position as head of the U.S. government.

Another, related aspect of Trump’s candidacy concerns his threat to fire Federal Reserve head Janet Yellen and his advisers ranging from “Alt-right” ideologues to champions of a return to the gold standard–a move that would collapse the American and global economies. [This is against the background of the possibility that the Fed may have to extend another lifeline to Deutsche Bank to prevent another international financial meltdown] ” . . . In the first [group of Trump economic advisors] are Larry Kudlow and Judy Shelton, the intellectuals of the bunch, and both advocates of a return to the gold standard. While it has become popular among some Republicans in the past few years, returning to the gold standard is dismissed as a discredited, fringe idea by nearly all economists and market participants. And, for their part, gold-standard supporters typically reject the very idea of a Federal Reserve, so if Trump were to appoint Kudlow, Shelton, or another gold-standard supporter to the Fed, it would be the most radical and potentially damaging economic move since the dawn of our modern economic system, after the Great Depression. . . .”

Program Highlights Include: Review of “The Donald’s” affinity for the speeches of Adolf Hitler; review of Trump’s father’s possible membership in the Ku Klux Klan; Trump’s exhortations to his followers to disregard “the rigged” election and the possibility (probability?) that this will lead to “lone wolf,” leaderless resistance terrorism and murder; Donald Trump’s links to the Steuben Society.


Growth of Slovakian Fascism Illustrates the Dynamic Underlying Brexit and the Trumpenkampfverbande

Portrayed by the mainstream media as –of course–“populists,” the L’SNS led by Marian Kotleba (right) manifested their agenda upon joining the Slovakian parliament: ” . . . But one of the first acts of the new members of L’SNS in Slovakia’s parliament was to demand a minute of silence to mark the day Jozef Tiso was hanged in 1947 for treason–Tiso was the head of Slovakia’s pro-Nazi, totalitarian government when 70,000 Slovaks were deported to their deaths during World War II. . . .”


Krugmenistan vs the Permahawks

Lift Off! That was the announcement by the Federal Reserve this week when the world’s biggest and most influential central bank started the long awaited raising of its benchmark short-term rate a quarter point from near-zero levels, marking the first time the Fed has raised rates since 2006. It was big news, except this rate hike was telegraphed for quite a while now and virtually everyone was expecting the Fed to do exactly what it did, so it’s not as big as it could have been. If the Fed had decided not to raise rates, despite all the telegraphing, that probably would have been a bigger story. But would it have been a bad story if the Fed decided to keep rates at their current near-zero levels? There’s a big debate in the economic community over that. And it’s a debate that pits prudent economists with excellent track-records like Paul Krugman, someone who opposed the Fed’s December “lift off” decision, against the broad array of “permahawks”. But it’s not just the question with respect to Fed. The European Central Bank made a policy announcement this month too regarding its stimulus measure and it was indeed rather surprising. And as we’re also going to see in this post, it was surprising in the way that just might have done serious damage to not just the credibility of ECB President Mario Draghi but the ECB itself. Or at least credibility in the ECB’s commitment to its single mandate of keeping inflation hovering around 2 percent.

To placate permahawks (to maintain credibility) or not placate the permahawks (to maintain credibility)? That is the question. Or at least one of the questions central banks face. Unfortunately.


Germany, Greece and Franco’s Blue Division

Wolfgang Schauble (Germany’s Finance Minister) has stated that Germany needn’t repay the billions it stole from Greece during World War II, because a government is not obligated to fulfill the pledges of previous regimes. The fact that Germany continues to pay pensions to veterans of Spain’s Blue Division (which fought on the Eastern Front during World War II) suggests that the German government’s judgments are self-servingly selective. All of the contents of this website as of 12/19/2014–Dave Emory’s 35+ years of research and broadcasting–as well as hours of videotaped lectures are available on a 32GB flash drive. Dave offers his programs and articles for free–your support is very much appreciated.


Analyzing “Clausewitzian Economics”: Greek Politician Compares German Economic Hegemony to WWII

In past programs, we examined the Greek and Eurozone debt crises in the context of the theories of Friedrich List and Carl von Clausewitz, as well as the realization of those theories through successful manipulation of the transnational corporate landscape through both world wars and the “postwars” that followed them. Recently, a the Greek mayor of Corfu encapsulated that development rather succinctly: “What they didn’t manage in World War II they are managing now,” Kostas Nikolouzos, the left-wing mayor of Corfu, said of Germany, voicing a common sentiment. “It may sound extreme, but it’s true.” All of the contents of this website as of 12/19/2014–Dave Emory’s 35+ years of research and broadcasting–as well as hours of videotaped lectures are available on a 32GB flash drive. Dave offers his programs and articles for free–your support is very much appreciated.