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.
With negotiations between Greece and the troika over how to resolve the latest austerity-impasse still ongoing, Greece make an intriguing offer: Continue with the privatization of state assets that the troika demands, use the proceeds on Greece’s humanitarian crises instead of immediately paying back Greece’s creditors. And while the troika has yet to formally rule out Greece’s proposal, European Commission president Jean-Claude Juncker made an uncharacteristic offer last week of 2 billion euros to “support efforts to create growth and social cohesion in Greece”. Considering virtually all past attitudes by the troika regarding Greece’s “growth and social cohesion”. So by wrapping its humanitarian aid proposal within a privatization mandate Greece did the seemingly impossible: the troika’s position on Greece is slightly less crazy than before. That almost never happens. And still probably isn’t happening.
We’ve been covering information pointing to the sniper fire that ignited the Maidan coup as having come from the anti-government forces. Not surprisingly, personnel from Svoboda and the fascist “punisher battalions” crop up repeatedy in the unfolding narrative. German-Foreign-Policy.com features a comparison with the “cooking” of journalistic information about Ukraine with what took place in the former Yugoslavia, the NATO operation against Kosovo, in particular. 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.
As discussed in FTR #788, Germany has NOT reimbursed Greece for the enormous damage wrought during World War II. Once again, that purloined wealth and the Bormann capital network that was the vehicle for the reinvestment of the Nazis’ World War II loot is center stage. Greek Prime Minister Alexis Tsirpas is demanding that the money be repaid. Tsirpas’ demand focuses attention on a dynamic that lies at the foundation of 20th and 21st capital flows. 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.
In FTR #746 and FTR #788, we analyzed the Greek economic crisis, the EMU and “Clausewitzian Economics.” As Greece and Germany square off following the election of a left-wing coalition government in the former, the ghosts of World War II are materializing in frightening and dramatic fashion. The new Greek finance minister has noted the rise of Nazism in Greece as a result of the economic and social deprivation stemming from the austerity doctrine. There also remains the possibility of raising the specter of Germany’s unpaid World War II debt to Greece, thereby citing the economic and political dynamics inherent in the Bormann capital network, about which we speak so often. 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.
Bringing up to date our ongoing inquiry into “L’Affaire Snowden,” we note a number of important developments, particularly with regard to Germany. After the international hue-and-cry about NSA monitoring Angela Merkel’s mobile phone, the German probe into the alleged event has been dropped for lack of evidence! After reviewing the BND’s monitoring of mobile phone calls by U.S. Secretaries of State Hillary Clinton and John Kerry, the program notes the rhetorical and legal stratagems used by German intelligence to conduct precisely the same type of electronic espionage that NSA performs. In addition to its [apparently failed] attempt to gain entrance to the “Five Eyes” spying consortium, Germany has acquired BlackBerry’s source code, this in exchange for allowing the Canadian firm to acquire a Dusseldorf-based company that handles security for mobile phones. Germany also seeks access to Google’s search engine algorithm. Both the Google algorithm and the BlackBerry source code will give German intelligence important tools to conduct precisely the type of snooping condemned by Merkel et al. Much of the latter part of the program highlights technological developments that are heralding a new phase of civilization. With potentially devastating cyber-terrorism a present reality, the development of artificial intelligence and small, inexpensive, privately-owned drones that can mimic cell phone towers are indicative of the “Brave New World” we have created. Much of the uproar over Snowden’s disclosures stems from future shock–the public has not adjusted to an entirely different technological landscape, in which (as Albert Einstein said with regard to the development of the atomic bomb) “Everything has changed but our way of thinking.”
Further analyzing the recent Ukrainian elections, the broadcast highlights the incorporation of fascist and Nazi personnel into the so-called “moderate” forces in that unfortunate country. In turn, the “moderates” have implemented political steps advocated by the fascists. Exemplary of this dynamic is Petro Poroshenko’s support for “lustration laws.” Ostensibly designed to root out the marrow-deep corruption that has plagued Ukraine and spurred social unrest, the laws are a violation of international principle and appear to be aimed at further purging Russian influence in that country. Poroshenko’s “point person” pushing support of the lustration laws is Svitlana Zalishchuk, who received financial support from Pierre Omidyar, Glenn Greenwald’s financial angel. Several members of the neo-Nazi Azov Battalion, including its commander Andriy Biletsky, have been elected to Parliament. The deputy commander of the Azov Battalion is the new chief of police in Kiev.
The Ukrainian election results have produced hosannas in the West about the far-right parties having been marginalized in the vote. Nothing could be farther from the truth. Svoboda–one of the OUN/B heirs on the Ukrainian political landscape–has representation in parliament, as does the Radical Party of Oleg (“Oleh”) Lyashko, who helped form many of the fascist militias active in the civil war in the nation’s Eastern section. Dimytro Yarosh, head of Pravy Sektor also won a seat in parliament, though Pravy Sektor fared poorly at the polls. What has received little coverage is the fact that the so-called “moderate,” “pro-EU” parties such as Poroshenko’s party and Arseniy Yatsenyuk’s People’s Front have incorporated some of the worst of the Ukrainian fascists. Poroshenko has OUN/B wartime president Jaroslav Stetsko’s personal secretary (Roman Svarych) as an adviser, along with Oleh Makhnitsky, the former justice minister from Svoboda. Yatsenyuk has people from the fascist Azov Battalion in the ranks of his organization. The effects of having people from Svoboda in charge of the judicial process can be sampled from the attempt to pin the sniper killings in the Maidan demonstrations on a leader of Yanukovich’s security forces. “Photographed” holding a sniper rifle with two hands–supposedly the “proof”–Dmytro Sadovnyk only has ONE hand, having lost the other to a grenade in a training accident years ago. The Poroshenko government has been using cluster munitions against its own citizens.
We’ve covered the neo-Nazi group The National Socialist Underground and its links to German intelligence for several years. In addition to shredding files on the NSU, which was financed in considerable measure by Germany’s domestic intelligence service and elements of its military intelligence service, files on other German neo-Nazi groups have been destroyed before being properly vetted by German journalistic and legal authorities. One of the most significant aspects of the case is the fact that powerful elements within the German government are going to extraordinary lengths to eclipse the institutional connections of the group. Turkish media were excluded from being seated at the trial of the group, many of whose victims were Turks. In addition, leading German media were left out of a “raffle” to award seating at the trial. Attorneys for the victims’ families have opined that the prosecutors have no real interest in pursuing the case.
In FTR #781, we noted that Viktor Yuschenko–married to top OUN/B official and Reagan Deputy Director of Presidential Liaison Ykaterina Chumachenko–institutionalized the Bandera political cadre, rewriting Ukrainian World War II history and paving the way for the rise of Swoboda and Pravy Sektor. We now learn that “new” Ukrainian President Petro Poroshenko has reconstituted the old Yuschenko team, including American-born Roman Svarych, Yuschenko’s Minister of Justice and the personal secretary to OUN/B leader Yaroslav Stetsko in the early 1980’s.
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