The UK’s Telegraph reported yesterday on the leak of a German memo in which the economic powerhouse intends to create a new “super state,” whereby they will be able to control the economies of European nations. So much for national sovereignty.
This is the kind of arrangement that only a few years ago would have been tin-foil hat material, but as many are coming to realize, this debt crisis has a way of exposing some very nasty sausage making that has come to define modern European politics. The emerging system is one of empire and control, but certainly never, ever democracy.
From the Telegraph:
The leaked memo, written by the German foreign office, discloses radical plans for an intrusive new European body that will be able to take over the economies of beleaguered eurozone countries.
It discloses that the EU’s largest economy is also preparing for other European countries, which are too large to be bailed out, to default on their debts — effectively going bankrupt. It will prompt fears that German plans to deal with the eurozone crisis involve an erosion of national sovereignty that could pave the way for a European “super state” with its own tax and spending plans set in Brussels.
For a while now, the markets have been looking for a political union that would provide leaders with a way to force budget cuts on European countries, essentially providing them with veto power over member country’s budgets. This was considered a pipe dream not long ago, but the placing of puppet governments in Greece and Italy have given new life to the proposal.
If the European elites have their way, an unelected, totalitarian government of “technocrats” will dictate how formerly free nations can spend their money. This is nothing short of a power grab of epic and historic proportions.
Another article from the Telegraph puts it this way:
The six-page memo, by the German foreign office, argues that Europe’s economic powerhouses should be able to intervene in how beleaguered eurozone countries are run.
The confidential blueprint sets out Germany’s plan to tackle the eurozone debt crisis by creating a “stability union” that will be “immediately followed by moves “on the way towards a political union”.
For those who haven’t been following this very closely, the option to allow a default on the debt (wiping the banks out) is not acceptable to the elites for reasons we know all too well. They control these governments quite fully and despite this being the best solution, have never considered this option. The second option is to print the money, causing inflation throughout Europe and essentially stealing a little bit of every citizen to pay the banks. And now we have this, totalitarian rule by the world’s most connected elites.
Are we so blind that we cannot see the inherent danger in stripping people of their fundamental right to self determination? The potential for a populist backlash is great and there is good reason to worry about what form it will take. These puppet governments in Greece and Italy are quazi-fascist as is. To continue centralizing power with a group of supposedly well meaning “technocrats” is sufficiently insane to inspire revolutionary activities.
