Today the European Commission will announce a 6.8% increase in budget -
equivalent to €138 billion extra.
This is truly
extraordinary when the majority of member states (25 out of 27, excluding the
Czech Repubic and the UK who
refused to sign up to the latest 'non-EU treaty' financial pact) are under
mandate to enforce austerity measures imposed by Brussels. How then can the EU defend such an
enormous hike in its own budget?
austerity measures laid out by Brussels
are crippling European economies, not saving them, with the constant cutting
and adherence to the single currency project proving disastrous for the EU and
global economy as a whole.
Today the ONS announced
that the British economy shrunk over the last two quarters, plunging us back into
recession, with the ongoing Eurozone crisis to blame.
Add to that the news that
will pay another £10 billion to the IMF ["It won't prop up the single
currency, honest!"] and you've got to begin to wonder, what is going on?
appear that Brussels are the very deliberate architects of economic freefall in
It cannot be simply a
mistake that the financial crisis is continuing. Perhaps by creating financial
disaster in Europe, while copious amounts of
money fill up the EU coffers, fiscal control is able to be diverted to
the EU. Where there's money, there's power.
At one point
commentators suggested the Eurozone crisis could spell the end for the EU. Far
If anything, the
incredible transfer of power and money to Brussels
over recent years as the crisis has taken hold has actually increased the
dependence of the majority of member states upon the European Union and its
associate bodies, such as the European Central Bank, European Investment Bank
and so forth.
Which brings me on to the
It is shocking to witness
the supposedly independent International Monetary Fund supporting the EU
I do not only mean the
financial impetus, including the recent call for an extra $430bn (£247bn), to
which British taxpayers will contribute an extra £10 billion.
There is the
very tricky matter of the IMF, the EU and the ECB, forming a so-called Troika
to effectively run the economies of disaster stricken member states.
Part of the rules and
regulations laid down by the Troika include setting up separate accounts
for incoming bail out funds to ensure money is used only to save the Euro
through debt repayment and is not spent structurally, in effect, helping the
suffering population by a real injection of cash into the national economy.
Instead of actually
providing financial aid to Greece, Italy, Portugal and so on, the IMF is
instead driving funding into bank accounts set up to support the Euro, and thus
EU ideology in Europe, while co-authoring regulations which perpetuate the
Even the USA has now
refused to contribute any more to the IMF, saying they no longer supported the
failing efforts to sustain the Eurozone.
What on earth is going
It is increasingly
apparent that the IMF, led by the former French Finance Minister Christine
Lagarde is by no means independent. Of course Lagarde came in after the rather
inglorious departure of Dominique Strauss Kahn. It is by no means implausible
that his downfall and thus removal from power was all too easy to set up, given
the man's penchant for promiscuity. Perhaps that is one conspiracy theory too
many - but there are many out there who claim that what happened in that New York hotel room was
a deliberate trap.
may just have been a dirty dog who met his inevitable end. Or perhaps he needed
to be removed in order to parachute in Lagarde, who would get the job done.
Despite calls from across
the global financial sector to dismantle the single currency, instead the IMF
have come out and warned against any member state leaving the Euro. It is
interesting to point out that France
is next in line to enter economic turmoil if the single currency crisis is not
tempered. Perhaps the IMF and Christine Lagarde want to evade French financial
freefall. But if that was the case, why is the IMF authoring and imposing the
austerity measures that are keeping the crisis alive?
It is interesting that
while the UK Government publicly vetoed the pact for financial regulation
(again, not an EU treaty-despite the 'pact' involving the European Commission,
25 member states, the ECB...- as an EU treaty would have meant referenda across
the continent, whose results would likely have seen the democratic obstruction
of the pact's political intentions evident to the world stage). However the UK have
recently agreed to pay an extra £10 billion to the IMF while our own economy
has fallen back into recession, with the single currency to blame
for contraction over the last two quarters.
Perhaps my imagination is
behind closed doors, agreed to support the federal unification of Europe by
continuing to fund the bizarre operation being carried out by the EU and the
IMF - as long as we can remain on the outskirts?
After all, the money
being poured into the Eurozone from the IMF is helping Brussels to actuate these intentions, by
breaking down the economies of member states through destructive
austerity measures, and then sweeping to their rescue by promising bail outs in
return for fiscal control by the EU and its related bodies.
financial crisis is, in effect, enabling the final push for federalism to be
Of course in order to
achieve this, Brussels
needs money to uphold bogus bail outs in exchange for obeisance to their own
fiscal mandate. Thus they contrinue to increase the EU budget, but that would
not be enough.Brussels needs the IMF to extract money from the global economy
to support the operation. After all, financially ruining economies in order to
swoop in and take control by offering a golden handshake is an expensive
business. So how is the IMF managing to continually pass the collection plate
and get other countries to pour money in? Well the ongoing Eurozone crisis is
not only a threat to the member states involved. In this hugely interlinked
global marketplace, ongoing crisis in the Eurozone is a threat to economies
across the world. Perhaps other countries are party to some sort of plan - or
perhaps they simply have no choice, as a financial collapse in Europe would mean a heavy toll upon many countries'
economic security. Now America
has managed to get back on its feet, incidentally by doing the direct opposite
of what is being carried out in Europe by providing stimulus rather than
imposing austerity, they no longer want to be a part of what is going on in Europe. Although Obama has always championed a more
deeply integrated EU, so it may just be that America is turning a blind eye but
is unwilling to co-finance the operation any more.
I am sure many readers will
be thinking 'what on earth is he on about?'
I am merely playing
Devil's advocate - asking the unanswered questions.
Why is the world allowing
this mess to continue?
How is what the EU and
IMF are doing not being condemned by the international community - and by this
I mean what is overtly taking place, not my conspiratorial postulations.
The formation and fiscal
controls of the Troika are perpetuating economic crisis, while 25,000 people in
are begging for food, yet no one on the world stage is saying anything.
Europe is not the developing world. It is not an
impoverished continent with (manifestly) corrupt governance and (manifestly)
tyrannical rule. It is a first world group of countries who should by now be
well in the clear after the credit crunch that hit almost five years ago.
This furore has gone
beyond a catastrophic mess and incompetent governance.
It is now so absurd that
there is a distinct smell of conspiracy about it.