Have nothing to do with the [evil] things that people do, things that belong to the darkness. Instead, bring them out to the light... [For] when all things are brought out into the light, then their true nature is clearly revealed...

-Ephesians 5:11-13

Tag Archives: European Union

Pro-Euro German Finance Minister Now Having Second Thoughts?

This, at least, is the gist of the headline from the AP: “German who helped start euro now calls for its end.” The AP article that backed it up was just four paragraphs long and led me to think: this guy has awakened to reality! He’s been converted to free market principles! Hallelujah!

Even Ambrose Evans-Pritchard, the conservative writer for the liberal Telegraph, seemed to buy the line, saying

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The Modern German Economic Model is a Myth – revised and updated

Dessau, a small and steadily shrinking town in the German state of Saxony-Anhalt in what used to be East Germany, is doing the best it can. Ten years after the fall of the Berlin Wall the anticipated “miracle” enjoyed by West Germany following World War II failed to materialize for Dessau and so it is in the process of demolishing some 10,000 empty homes and

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The Modern German Economic Model is a Myth

Dessau, a small and steadily shrinking town in the German state of Saxony-Anhalt in what used to be East Germany, is doing the best it can. Ten years after the fall of the Berlin Wall the anticipated “miracle” enjoyed by West Germany following World War II failed to materialize for Dessau and so it is in the process of

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The coming Tobin Tax and Wall Street

I have watched in utter amazement as the stock market continues inexorably to climb to new highs nearly on a daily basis. I have wondered aloud and in writing how such an upward march could be justified. I have looked in vain. There is nothing going on in the economy that, in my opinion, justifies this. Smarter people than I have failed to find justification for it either. The markets don’t care, it seems. They just continue to move higher.

But perhaps Wall Street is watching something that is about to happen in Europe

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Phony “Capital Controls” in Cyprus

The wealthy really are different from the rest of us. They have money and they have connections. With those connections they are able to keep their money. The rest of us?

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Just how large is Cyprus’ economy, anyway?

It’s smaller than the gross domestic product of … ready? …

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Cyprus Deal Turns Bank Depositors into Lenders, Abolishes National Sovereignty

Late Sunday night the president of Cyprus, Nicos Anastasiades, was officially informed of the deal the unelected Eurogroup had come up with in order for Cyprus to receive its bailout from the European Central Bank. Anastasiades flew to Brussels on Sunday to meet with Mario Draghi, the president of the European Central Bank (ECB), Christine Lagarde, the managing director of the International Monetary Fund (IMF), and Jose Barroso, the president of the European commission. The meeting was run by Herman Van Rompuy, the president of the European Council. On his way to the meeting, Anastasiades admitted that

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Cyprus daylight robbery puts the whole European Union at risk

At least that’s the hope of Ambrose Evans-Pritchard, a quasi-liberal writing for a clearly liberal British newspaper, the Telegraph. He called the stunt that was tried and failed, at least for the time being, of robbing people point-blank in daylight, saying that

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Cyprus Parliament Stalls, Giving Rich Russians Time to Extract Their Funds

This story from Marketwatch fails to mention this. Rich Russians who don’t trust Mother Russia to keep their funds safe have stashed $19 billion in Cyprus banks. Let’s see: 10 percent of $19 billion is…

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The Euro Group diktat for Cyprus – read it here

Yesterday I called the Euro Group a cabal, headed up by an unelected individual from the Netherlands. Today I have the proof. This is the statement by Dutch Finance Minister Jeroen Dijsselbloom, explaining just how things are done in the new world order of diktats issued by cabals headed by usurpers and imposed on the Cypriots:

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Cypriots Forced to Pay the Piper

In an outrageous, audacious and unprecedented move, the European Union has abrogated Cypriot sovereignty and imposed an immediate tax on citizens of Cyprus holding their money in local banks. The rate is 6.7% on accounts under 100,000 euros and 9.9% on accounts over 100,000. It was imposed on Saturday even before the Cyprus government met to approve it. In other words,

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Chuck Hagel, President Obama’s Nominee for Defense Secretary, Will be Grilled Severely by the Senate

In reporting President Obama’s pick of former Nebraska Senator Chuck Hagel to replace outgoing Defense Secretary Leon Panetta on Monday, the New York Times also noted that resistance to his selection is mounting in the Senate. Hailing his nominee as “the leader that our troops deserve,” President Obama added,

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Spanish Theater Owner Starts “Carrot Rebellion” to Protest Tax Increase

Mean carrot

Mean carrot (Photo credit: Pepino1976)

When Spain’s new Prime Minister Mariano Rajoy violated his campaign promise not to increase the top Value-Added-Tax (VAT) rate and instead increased it to 21% last summer, Quim Marce knew he was in trouble. His little 300-seat theater in the village of Bescano had been forced to charge a VAT of 8% on each ticket, and the new rate would keep his customers away. With unemployment at 25% in Bescano, he knew that his very livelihood was threatened. He told National Public Radio (NPR) reporter Lauren Frayer:

This is the end of our theater…we’ve got to do something so we don’t pay this 21 percent, and we pay something more fair.

Frayer exercised some literary license, no doubt, and explained that while gazing out a window one day, Marce got an idea: sell carrots which are only taxed at 4 percent as a staple and give away free admissions to his shows:

We sell one carrot, which costs 13 euros – very expensive for a carrot [$16.50!]. But then we give away admission to our shows for free.

So we end up paying 4 percent [VAT] on the carrot, rather than 21 percent, which is the government’s new tax rate for theater tickets.

Now Marce is getting national notoriety, and his theater is

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Making Sense of Europe’s Nonsense

The official emblem of the European Parliament.

The official emblem of the European Parliament. (Photo credit: Wikipedia)

Anthony Wile is at it again. While most were caught up in the national election and the aftereffects of Hurricane Sandy and General Betrayus, Angela Merkel, the German Chancellor, explained what the implosion in Europe is all about. In speaking to the European Parliament last Wednesday, she shed all cover and told all who would listen what’s really going on:

Of course the European Commission will one day become a government, the European Council a second chamber and the European Parliament will have more powers – but for now we have to focus on the euro and give people a little more time to come along.

Wile has been saying this for years. That’s part of why his blog has grown so rapidly: he sees with a view and an insight that truth seekers appreciate. Out of 644 million active websites  Alexa ranks www.thedailybell.com at 16,991 in the United States. More than 6,700 people come to his Switzerland-based website every day. And his readership has grown 60% just in the last three months.

He’s like the 500-pound canary: when he speaks, people listen!

He notes that the European Union was always, from the very beginning, designed with

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Double-Digit Unemployment May Be the New Normal

AMERICAN PROPAGANDA POSTERS: OBAMA JOBS

(Photo credit: printthetruth)

After parsing the unemployment report that was issued by the Bureau of Labor Statistics (BLS) on Friday, November 2nd, two scholars at the Heritage Foundation, Rea Hederman and James Sherk,  concluded that at the present jobs growth rate it could take another five years for a full jobs recovery to occur from the Great Recession. That would place the recovery after the next presidential election in 2016 and nearly ten years after the start of the recession in December 2007.

Noting that 125,000 new jobs must be created every month just to keep up with population growth, they turned to the “jobs calculator” offered at the website of the Federal Reserve Bank of Atlanta and asked it to determine how long it would take for job growth to return to normal, based on the average job growth over the past three months (170,000). The answer: the summer of 2017.

This assumption that future job growth would be maintained at that rate is laden with so many difficulties and subject to so many unknowns as to call the entire exercise into question. This is called “straight line thinking in a curvilinear world,” or, put another way, this assumes that the future will look like the past. It probably won’t.

For instance, there is the “fiscal cliff” and the great uncertainty about how the lame duck congress will deal with it, if they deal with it at all. Great speculation abounds about various scenarios but each concludes that

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The Trouble with Outright Monetary Transactions

Mario Draghi presents his credentials as candi...

Mario Draghi presents his credentials as candidate ECB president (Photo credit: European Parliament)

Mario Draghi, President of the European Central Bank (ECB), spoke before Germany’s Parliament on Wednesday, defending his decision to purchase government bonds from member states needing financial assistance but without unleashing inflation. Similar to the Federal Reserve’s continuing attempts to stimulate the economy through the purchase of government securities, called Quantitative Easing, or QE, Draghi’s Outright Monetary Transactions, or OMT, “will not lead to inflation,” he claimed in the closed-door session. He said:

In our assessment, the greater risk to price stability is currently falling prices in some euro-area countries. In this sense, OMTs are not in contradiction to our mandate; in fact, they are essential for ensuring we can continue to achieve it.

This is utter nonsense, wrote Mish Shedlock, in his blog Global Economic Analysis. Since Draghi’s “mandate” is similar to that of the Federal Reserve — that is, to maintain price stability along with low unemployment — it’s impossible to increase the supply of money by buying government bonds with credits created out of thin air without eventually unleashing price inflation at the consumer level in the economy. Shedlock wrote:

The problem with such nonsense is you cannot break the law while screaming you are upholding it. Draghi now sounds and acts like hypocr[itical] US presidents of both political parties.

Both President Bush and President Obama (as well as the treasury departments under each administration) have shown little concern for the law. Increasingly presidents are of the mind [that] “we have to destroy capitalism [in order] to save it” or as President Bush stated and Obama practices: “ I’ve abandoned free-market principles to save the free-market system.”

What the members of the German Parliament wanted to hear was that Draghi would not be

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Quick! Who is the Most Powerful Person on the Planet?

English: EPP Congress Bonn: Podium discussion ...

(Photo credit: Wikipedia)

Mario Draghi. Who? According to Matthew Lynn, writing at MarketWatch.com, “measured by what [he] can actually do, the most powerful person will soon be the president of the European Central Bank, the Italian banker Mario Draghi.” He explains:

In the last few weeks, we have seen an extraordinary expansion of the European Central Bank’s powers. It can now set interest rates, control financial markets, and effectively dictate tax and spending policies across what remains — despite its current difficulties — the world’s largest single economic bloc.

To explain how this former Goldman Sachs executive  ascended to such a high perch in the world of international finance would take far more room than we have here. Suffice to say, the path to power has been under construction for decades, and deliberately planned, going all the way back to

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Senate Bill Overrides EU Emissions Mandates for Airlines

English: Airbus A380 "revealed", Tou...

Airbus A380 (Photo credit: Wikipedia)

When the Senate unanimously passed SB 1956 early Saturday morning, September 22, Annie Petsonk of the Environmental Defense Fund (EDF) called it “rather extraordinary.” But she didn’t mean that as a good thing. It meant, instead, that the Senate wanted nothing to do with the European Union Emissions Trading Scheme (EUETS) that would have burdened U.S. airlines with $3 billion in additional costs over the next decade, attacking the country’s national sovereignty along the way.This would mean instead, according to Petsonk, if the House passed a similar measure that is pending there, that the EDF’s efforts to implement worldwide regulation of airlines’ emissions would have to be directed through an international UN-sanctioned group instead. In other words, the Senate bill was just a speed bump on the way to European Union control of all airlines.The bill, co-sponsored by members from both sides of the aisle including Marco Rubio (R-Fla.) and Claire McCaskill (D-Mo.), is simple:

[It] directs the Secretary of Transportation to prohibit an operator of U.S. civil aircraft from participating in any emissions trading scheme unilaterally established by the European Union if the Secretary determines such provision to be in the public interest.

[It also] directs the Secretary … and other U.S. government officials to … ensure that operators of U.S. civil aircraft are held harmless from any such scheme.

Petronk’s unhappiness stems from a worldview that airline emissions cause global warming — climate change — and that something must be done about it, even if national sovereignty issues must be

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Spain’s Catalonia Region Demands Independence

Draft of New Statute of Autonomy for Catalonia...

Draft of New Statute of Autonomy for Catalonia of 2005 (Photo credit: Wikipedia)

Every September 11 the people of Catalonia, an independent region in northeast Spain, celebrate their “national day” — Diada — by taking the day off and parading through the streets of Barcelona. In past years the celebration was a festival used by some citizens as an excuse to get some fresh air, make some noise, and have some fun. This year, nearly one-quarter of the region’s seven million citizens used the celebration as an excuse to swarm into Barcelona to protest Spain’s austerity measures, which have raised unemployment in Catalonia — referred to locally as Catalan — to nearly 25 percent.

The immensity of the crowd far exceeded expectations so that parade routes had to be adjusted and parking places found for the more than 1,000 buses chartered to bring Catalans into the city. Most revelers were waving flags that said, “Catalonia: a new European state.” Said Alfred Bosch, a member of the Catalonian government:

All the flags I can see are the pro-independence flags of Catalonia with the lonely star right in the middle of the triangle.

And everybody is wearing these flags. I have never seen so many pro-independence flags in my all life.

Catalonia is a largely autonomous region of Spain with about 15 percent of the country’s population; it generates about 20 percent of Spain’s gross domestic product. It also pays more in taxes to Madrid than it receives in benefits. The fact that Spain levies taxes on Catalans and then sends only some of the money back to the region is galling, especially to those who

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Kim Dotcom of Megaupload Fights Back!

The Daily Bell: Kim Dotcom Resists, Pussy Riot Protests and the Insane Clown Posse Sues … Internet Reformation Rolls

As the power elite that wants to run the world continues to race against time more and more brutally, what we call the Internet Reformation becomes ever more visible.

It is becoming more visible because as the elites shove the world toward global governance, people being shoved, some of them, push back.

In the past week, we’ve seen three high-profile instances of this sort of resistance. Kim Dotcom, CEO of destroyed Megaupload, has launched a website to proclaim his innocence and begun releasing surprisingly tuneful pop music to plead his cause and shape his public image.

Megaupload and the Twilight of Copyright

Megaupload and the Twilight of Copyright (Photo credit: mikesolita)

Sometimes Anthony Wile goes on a tear, trying to cover way too much to support his point: the internet is generating pushback. But his reference to Kim Dotcom is useful.

Kim’s arrest by police on January 20th this year made headlines around the world. The excessive use of police power simply went beyond describing. Wikipedia’s brief mention of “armed officers arriv[ing] in helicopters and dropp[ing] into the Dotcom mansion courtyard” just barely suggests the ferocity of the attack on him. And for what? Copyright infringement!

But he is fighting back. Having secured a judgment from a New Zealand High Court judge that the warrants used in this raid were unauthorized—see this from Wikipedia:

On June 28, 2012, New Zealand High Court Justice Helen Winkelmann found the warrants used did not adequately describe the offences to which they were related. “These categories of items were defined in such a way that they would inevitably capture within them both relevant and irrelevant material. The police acted on this authorization. The warrants could not authorize seizure of irrelevant material, and are therefore invalid.” Justice Winkelmann also ruled the FBI’s cloning of the seized hard-drives invalid. This judgment calls the admissibility of the evidence in later extradition hearings into question. (My emphasis)

Dotcom is fighting back. He has launched a website proclaiming his innocence in advance of his trial, hoping to influence public opinion in his favor. And the PTB (Powers That Be) can do little to stop him.

And that’s the point of Wile’s article:

But as we long ago predicted, the Internet Reformation is fairly unstoppable at the moment. The European Union is falling apart, the global warming scam is unraveling, the war on terror has not gone as planned in Afghanistan and many other elite promotions have been exposed in detail on the Internet.

The ancient power elite, that evidently wants to run the world and uses its control of central banks to fund its mania, is in no sense defeated but it is facing challenges that it has not faced since the Gutenberg Press itself began exposing the power structure 600 years ago.

May those challenges, like those of Mr. Dotcom, continue and multiply.

Many of the articles on Light from the Right first appeared on either The New American or the McAlvany Intelligence Advisor.