New World Order University Forum

Starting with the news, the Irish bank bailout was necessary because of a huge run on Irish banks.

Anglo Irish plan details.

Mish on the bank run.

Will they ever stop bailing out the banks? Doesn’t look like it. You see, they are all connected thanks to the global financial system. England was particularly worried.

When they use the word “contagion” on TV, you think it means that debt defaults could ripple and bring down many banks in many countries. That’s right, but there’s more to it. What it really means is, the big money knows where the weak banks are, and there is a certain preferred order of attack against the weakest. It’s economic warfare, and the attack on Europe is coming from the United States.

Up next: Spain and Portugal. Both Spain and Portugal deny that they are seeking a debt bailout. Note this news report from September 28, Ireland denies it is seeking bailout. Which socialist politician do you trust to tell the truth?

Investors will boycott the Eurozone due to uncertainty about the effectiveness of the bailout strategy and who might be targeted next. Once the panic starts, it’s very hard to stop.

We hope you can appreciate the irony of European socialist leaders worried sick about the reserves of their banks, to the point where they have to cut bureaucrats and think about spending other people’s money more efficiently. Socialism is entirely dependent on global capital flows, just like capitalism is. The low-level nerds are extremely impatient with this reality because they were led to believe that socialism is something else. Actually, they need to read their Marx more carefully. Central banks and free trade are central to the theory of Communist takeover.

We notice a little prejudice that creeps into our thinking about Europe’s crisis. Greece can spiral downward into debt, Portugal can spiral downward into debt, but it’s not fine that Ireland gets crippled with EU debt peonage, and when the contagion reaches Germany we get more alarmed.

An analogy with Communist takeover would be, it’s fine for the Communists to get Cuba, Vietnam, and Korea, but when they take Europe, that’s really too much.

It’s really not fine for any country to fall into socialist debt peonage. But when it reaches Germany, the undermining of the last big sound economy ensures that all the weaker economies in Europe are going to fail, too. This is a silly way of thinking. It’s not fine for any country to have a socialist government.

Merkel’s problems: Germans are fleeing from the euro, stuffing their safe deposit boxes with gold. The back-up in bond yields makes it even tougher for countries to service their debt. As we noted last year, who will want to buy the bonds of a crashing socialist economy?

“I am worried that Germany’s authorities are slowly losing sight of the European common good,” said Jean-Claude Juncker, chair of Eurogroup finance ministers.

Translation: Germany is wising up to the evil of European Union control and the unsustainability of socialism.

Now let’s dig into two weasel words used in the reporting. First, “the markets” are driving bond yields lower, thereby intensifying the crisis. Who exactly are these markets? Second, notice that the “fear of contagion” is “forcing” debt restructuring under IMF terms, even though the sovereign nations don’t want debt restructuring or IMF “relief.” These are the keys to understanding the financial takeover.

Putting the EU crisis in perspective: Jim Willie on who caused that run on Irish banks, why Spain will surface in the spring, gold- and silver-buying, the federal government versus the states, the mortgage crisis, and the end game for Bank of America. We appreciate that Willie understands the economic warfare model and digs into the details. It does matter who is attacking the Irish and Greek bond markets.

More on BofA and Countrywide. We don’t want to cover the complexities of the foreclosure and mortgage crisis, but we have our eye on Bank of America. Could be the canary in the U.S. coal mine.

Fallout and broader implications:

If you’re interested in debate, see Web of Debt.

The Left is already putting bodies in the street to protest austerity. How the Pentagon is gaming economic collapse and civil unrest.

The formula for police-state takeover: The socialists spend money they don’t have to buy votes and are “powerless” to prevent IMF takeover of their debt-ridden economies, but they hold military and police power over their rioting special interest groups.

GEAB thinks the world has put the Federal Reserve under House Arrest. The impossibility of QEIII. Global political unrest must accelerate until the Federal Reserve is curbed. Wishful thinking, the Fed hasn’t been curbed yet, and Europe will fall under IMF control before the Fed is curbed. The Democrats are committed to permanent Fed funding of socialism in the United States, and the Right isn’t strong enough to stop them.

How the Fed and the government will target retiring boomers with dollar devaluation, and resulting social conflicts. Obamacare and the Fed will render an ignoble end to the baby boomers. There’s no hope on the horizon, Xers are even more brainwashed.

Of interest:

Details and statistics about the death of the media. Basically, we’re smarter and more honest than the guys on TV. We should be attracting readers who are more honest than average. However, even as the Marxist media declines, there is still a strong trend toward wanting to be enveloped by digital media 24/7. Having crap available on demand seems like a kind of security blanket in the age of constant crisis. This particular class, the class of media addicts, will be so large that it will stall any possible anti-New World Order movement. They would rather be entertained by meaningless liberal sludge.

It may be that party differences start to disappear among media addicts. We’d like to say that the future belongs to those who are able to abandon the outdated worldviews, but we’re not convinced that this is the case. We’re only saying that it’s more noble to resist.

A look at those who are suffering the most. They won’t necessarily find us when their worldview blows up. They may just focus on anger and blame. It’s hard to make the shift without the superior knowledge, and that takes a little time and investment. They will probably stay in tune with the media and continue to look to the government to save them with hope for jobs or more subsidies. They may even go into the streets to demand more socialism. The suffering class is not politically aware of the evil of socialism. Don’t look for any “up from the bottom” movement.

But demands for more socialism aren’t going to cut it. The supply of socialism has run out.

Could the rise of conservative parties hold a key to a better future? We’re not convinced it will happen. There are plenty of socialist swine eager to replace the empty suits who are ruling us.

Tags: Irish banking crisis

This entry was posted by Director on Friday, November 26th, 2010 at 10:25 am and is filed under European Union, Global Economy. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.