Most Popular
1. It’s a New Macro, the Gold Market Knows It, But Dead Men Walking Do Not (yet)- Gary_Tanashian
2.Stock Market Presidential Election Cycle Seasonal Trend Analysis - Nadeem_Walayat
3. Bitcoin S&P Pattern - Nadeem_Walayat
4.Nvidia Blow Off Top - Flying High like the Phoenix too Close to the Sun - Nadeem_Walayat
4.U.S. financial market’s “Weimar phase” impact to your fiat and digital assets - Raymond_Matison
5. How to Profit from the Global Warming ClImate Change Mega Death Trend - Part1 - Nadeem_Walayat
7.Bitcoin Gravy Train Trend Forecast 2024 - - Nadeem_Walayat
8.The Bond Trade and Interest Rates - Nadeem_Walayat
9.It’s Easy to Scream Stocks Bubble! - Stephen_McBride
10.Fed’s Next Intertest Rate Move might not align with popular consensus - Richard_Mills
Last 7 days
Global Warming ClImate Change Mega Death Trend - 8th Apr 24
Gold Is Rallying Again, But Silver Could Get REALLY Interesting - 8th Apr 24
Media Elite Belittle Inflation Struggles of Ordinary Americans - 8th Apr 24
Profit from the Roaring AI 2020's Tech Stocks Economic Boom - 8th Apr 24
Stock Market Election Year Five Nights at Freddy's - 7th Apr 24
It’s a New Macro, the Gold Market Knows It, But Dead Men Walking Do Not (yet)- 7th Apr 24
AI Revolution and NVDA: Why Tough Going May Be Ahead - 7th Apr 24
Hidden cost of US homeownership just saw its biggest spike in 5 years - 7th Apr 24
What Happens To Gold Price If The Fed Doesn’t Cut Rates? - 7th Apr 24
The Fed is becoming increasingly divided on interest rates - 7th Apr 24
The Evils of Paper Money Have no End - 7th Apr 24
Stock Market Presidential Election Cycle Seasonal Trend Analysis - 3rd Apr 24
Stock Market Presidential Election Cycle Seasonal Trend - 2nd Apr 24
Dow Stock Market Annual Percent Change Analysis 2024 - 2nd Apr 24
Bitcoin S&P Pattern - 31st Mar 24
S&P Stock Market Correlating Seasonal Swings - 31st Mar 24
S&P SEASONAL ANALYSIS - 31st Mar 24
Here's a Dirty Little Secret: Federal Reserve Monetary Policy Is Still Loose - 31st Mar 24
Tandem Chairman Paul Pester on Fintech, AI, and the Future of Banking in the UK - 31st Mar 24
Stock Market Volatility (VIX) - 25th Mar 24
Stock Market Investor Sentiment - 25th Mar 24
The Federal Reserve Didn't Do Anything But It Had Plenty to Say - 25th Mar 24

Market Oracle FREE Newsletter

How to Protect your Wealth by Investing in AI Tech Stocks

Europe Imitates The Fall Of The Roman Empire

Politics / European Union May 16, 2014 - 06:17 PM GMT

By: Raul_I_Meijer

Politics

In essence, it’s really simple. We’ve seen over the last few days that the European Union is a federation of sovereign countries whose leadership has been found painfully – if not criminally – lacking in democratic principles, and several leaders of member states have been accomplices, on more than one occasion, in assaults on elected fellow leaders. That should say enough, and there is no doubt that down the line it will. It’s now a question of how do we get here from there, of how will Brussels be dismantled.


First, there was a passage from Tim Geithner’s new book. Then, there was a 3-part series ‘How The Euro Was Saved’ by Peter Spiegel for the Financial Times. Together, they deliver the following storyline: EU leaders refused to let Greece have a referendum on its bail-out, and toppled PM Papandreou to kill it. Then, afraid that Italian PM Berlusconi would make good on his threat to return to the lira if they stuck to their bail-out conditions, they toppled him. What this means to Europeans is that if they elect a government for their country, and it subsequently falls out of favor with Brussels, they can expect to see it overthrown, and likely have it replaced by a technocrat handpicked by the EU leadership (as happened in Greece and Italy). Ergo: Europe is not a democracy, and pretending otherwise is foolish. Democratic elections in member states are merely empty lip service exercises, because on important topics governments of member states have no say.

The EU leaders have been Brussels stalwarts for ages, and they’ll do anything they can to preserve their jobs and their status. Anything, in this case, includes overthrowing elected governments. The excuse for such behavior is that the EU and the euro MUST survive. The problem with that is that both only CAN survive if and when democratic rules are obeyed by all parties involved. Apparently, they are not. And that means it’s time to close the doors, and perhaps take legal action against those responsible for the coups in Athens and Rome. Don’t hold your breath for that to happen. And don’t think it won’t cause a bitter fight. The stalwarts are delusional and megalomaniacal enough to think that the end justifies the means, and that to hold together their idea of what Europe should be, which happens to be tied to their own cushy jobs and political power, they were right to execute the two coup d’états (three if you count Ukraine, but that’s another story).

The main candidates to be appointed head of the European Commission, a decision linked to next week’s European Parliament elections are Jean-Claude Juncker (center-right), a former Luxembourg PM, Martin Schulz (left), current chairman of the parliament, and Guy Verhofstadt (center), former Belgium PM. That’s basically all the flavors there are, and they all taste suspiciously equal. As I wrote yesterday, anyone who’s not happy with the direction Europe is taking – of more Europe, more Brussels all the time – has nowhere to go but fringe parties, mostly on the far right. Beppe Grillo’s Italian M5S movement is the only exception to that rule that I know of. Grillo wants an Italian referendum on EU and eurozone membership. Well, “they” don’t like referendums, as we know.

In a first debate late April between the 3 main candidates – they did throw in an obsolete Green “leader” for good measure -, when they were asked about the rise of Eurosceptic and extremist parties across Europe, Schulz said: “The tendency is European citizens not taking these elections seriously. If they don’t take this seriously we’re going to get more of these people in the parliament. For me as a German it is unacceptable that a nazi party would sit in the next parliament”. He then referenced ‘the ghost of Adolf Hitler’. If you follow the line of thinking here, it suggests that anyone skeptical of what happens in Brussels is automatically painted in a shade of fascism.

The three candidates represent the full spectrum of European politics: right, center, left. Those are your choices, the rest are suspect, if not outright nazi’s. Everyone you can vote for who can make an actual difference, or an actual decision for that matter, is pro-Brussels. And if you are not, you will have to vote for some fringe party, or stay home. But if you vote fringe, you’re labeled bordering-on-fascist. It’s eerily similar to Washington, where two parties, not even three, hold all the power and will continue to do so because they receive all the money.

It no longer matters, or means anything, that EU leaders or pro-EU leaders of member states will continue to claim that what goes on in Brussels is a democratic process, as they point to the elections. We now know those elections are but a curtain behind which anyone who doesn’t agree with the party line can count on being sacrificed for the greater good.

This is not to say that the original idea behind the EU was all that bad, or that not one single decision made in Brussels has been beneficial, but things went wrong along the way, the leadership overstepped their mandate in ways that can’t tolerate daylight. Replacing them, which will be hard enough to begin with as they’ve become so entrenched in their revolving door positions, wouldn’t do much good either: there’s a climate that has allowed for their actions, in what Ambrose Evans-Pritchard calls a ‘monetary dictatorship’, that will still be there. Brussels has turned into Rome in its last days -and so has Washington-. Megalomania and moral corruption lead to moral bankruptcy which leads to overall bankruptcy. It took a long time, and a lot of blood, to dissolve Rome. It would be in every European’s interest if it didn’t take that long to sweep the streets of Brussels clean. But it won’t be achieved through elections. For that, you’d need a democracy.

Oh, and large parts of Europe have hardly any fossil fuels left – except for coal in some cases, but there seems to be a problem with that ;-) -. One year of oil and gas left for Italy and France, five for Britain. It’s just like the Romans running out of resources. Brussels might want to give that some thought while they’re busy scheming for power. Or are they already planning to topple Putin next? We should almost hope so. They’d be run out of Dodge impaled on baguettes and wieners. The EU is a nice idea that’s run completely out of hand and out of control, even more than the US, and that’s saying something.

The first member state to leave the eurozone wins. Guaranteed. And one WILL be the first, that’s guaranteed too. Be your own boss, things will be hard enough going forward no matter what you do. Why would anyone want the incessant threat of a coup in their country hanging over their heads, every time they choose leaders who don’t toe Europe’s ‘official’ line? Why bother? Brussels makes you richer, you say? Even if that were true, which is highly doubtful, look at the price you’re paying to feel richer.

By Raul Ilargi Meijer
Website: http://theautomaticearth.com (provides unique analysis of economics, finance, politics and social dynamics in the context of Complexity Theory)

© 2014 Copyright Raul I Meijer - All Rights Reserved Disclaimer: The above is a matter of opinion provided for general information purposes only and is not intended as investment advice. Information and analysis above are derived from sources and utilising methods believed to be reliable, but we cannot accept responsibility for any losses you may incur as a result of this analysis. Individuals should consult with their personal financial advisors.
Raul Ilargi Meijer Archive

© 2005-2022 http://www.MarketOracle.co.uk - The Market Oracle is a FREE Daily Financial Markets Analysis & Forecasting online publication.


Post Comment

Only logged in users are allowed to post comments. Register/ Log in