A (unwitting) mention of dictatroship…?

Our weekly dose of Ambrose Evans Pritchard is, as usual, interesting. But this time, it is interesting in unexpected ways.

http://www.telegraph.co.uk/finance/comment/ambroseevans_pritchard/8100412/Angela-Merkel-consigns-Ireland-Portugal-and-Spain-to-their-fate.html

Two things jump out. The first and the most stunning for reasons other than economics is this (emphasis added as a hint): “These were the terms imposed by Germany at Friday’s EU summit as the Quid Pro Quo for the creation of a permanent rescue fund in 2013. A [EU] treaty change will be rammed through under Article 48 of the Lisbon Treaty, a trick that circumvents the need for full ratification. Eurosceptics can feel vindicated in warning this “escalator” clause would soon be exploited for unchecked treaty-creep.”

If there ever were any doubts as to what the Lisbon Treaty is, the above should put those to rest. The Lisbon Treaty is the single most dangerous piece of fascist autocratic legislation aimed at the concentration of executive power that has been “passed” on mainland Europe since 1930s Germany.

But we all too numb yet (or still) to realize what is happening.

The other thing that jumped out at me from AEP’s piece today is his comment that: “Chancellor Merkel is ultimately correct. A mechanism for sovereign defaults is entirely healthy. Had it been in place long ago, EMU would have been stronger. The proper timing for this was at the Maastricht Treaty, or Amsterdam, or at the latest Nice, but in those days the EU elites were still arrogantly dismissive about the implications of a currency union. To wait until now borders on careless.”

That’s a bit of a departure for AEP whom till very recently advocated a (not entirely understood by this writer) mix of fiscal austerity with massive stimulus.

You know where I stand.

We’re hurtling towards a world war that is entirely engineered by our leaders as a way to get out of their responsibility for having aided and abetted the arbitrary and unilateral imposition of a monetary system that is limited mathematically and that, in its ending phase, is inherently destructive but that in the intervening period ensures an albeit diminishing degree of financial independence to the politicians that are willing to offer the most recklessly costly programs to the electorate.

War by 2012 / 2015

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2 Responses to “A (unwitting) mention of dictatroship…?”

  1. guidoamm Says:

    Indeed. Considering the military industrial complex is the single largest employer and manufacturer, how long do you think you can keep dreaming-up and produce new fangled gizmos without deploying the final product?
    I mean, seriously, where do we think this spending pattern is leading??

    http://www.nytimes.com/imagepages/2009/07/31/business/20090801_CHARTS_GRAPHIC.html

  2. Tim Coates Says:

    http://www.washingtonpost.com/wp-dyn/content/article/2010/10/29/AR2010102907404.html

    Mainstream Media want it now. Let’s be afraid.

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