Happy Zombiversary Euro. Revisiting The "Nuclear Option": Will The Fed Buy European Bonds? EU may face breakup, unrest: US Gen. EU may face breakup, unrest: US Gen.
Fri Dec 9, 2011 6:14PM US Chairman of the Joint Chiefs of Staff General Martin Dempsey Chairman of the US Joint Chiefs of Staff General Martin Dempsey says the European Union faces potential breakup and civil unrest. “The eurozone is at great risk," the top US officer told reporters on Friday, expressing doubt about the practicality of the measures taken by European leaders. Dempsey said it was not clear if the measures would be able to glue the European bloc together. "We are extraordinarily concerned by the health and viability of the euro because in some ways we're exposed literally to contracts but also because of the potential of civil unrest and breakup of the union that has been forged over there," he pointed out. The US general made the comments after EU leaders convened on Thursday and Friday to push tighter budget enforcement.
Euro PLAN. JUAN GONZALEZ: European leaders are preparing to unveil their plans for addressing the sovereign debt crisis that’s threatened to tear apart the eurozone.
Both France and Germany are expected to push for changes to the eurozone treaty, including centralized oversight of national budgets and tighter reins on debt. In a speech Thursday, French President Nicolas Sarkozy said radical changes are needed in order to save the euro. PRESIDENT NICOLAS SARKOZY: [translated] Let me say it here: Europe must be rethought, refounded. It is urgent. The world won’t wait for Europe. JUAN GONZALEZ: Sarkozy’s address came after central banks, including the U.S. Well, for more on the developing crisis in Europe, we’re joined by Richard Wolff, Emeritus Professor of Economics at the University of Massachusetts, Amherst, and visiting professor at New School University. Welcome to Democracy Now! RICHARD WOLFF: Thank you, Juan. RICHARD WOLFF: Well, this is not the first time the Fed has done this. Out of Chaos, Order: Now IMF Seeks Collective, World Bail-Out of Europe. Of course, as we've pointed out before, the preference of the powers-that-be would be to keep the EU together and expand it, along with the euro.
But the alternative course has its attractions, too, if one is trying to build world government. Out of chaos ... order. And here comes the IMF. It is no surprise that the International Monetary Fund is raising its profile once again. It was developed after World War II as part of a larger global-government-in-waiting. We have come to call this trend "directed history" because not only do the results seem predictable but so do the events leading up to them. Only he didn't mean that history was being organized and directed from the top.
Through the twin tools of war and central banking, a power elite located in the City of London with subsidiaries in DC, Tel Aviv and the Vatican has advanced global governance step by step. We can see from this excerpt how direct Lagarde is being. And she is surely playing her part. And so it builds. Conclusion.