Note: This post highlights the hidden problems within the global economy and banking structure the international elites (who are outside the scope of nation states and its laws) are using to create this very undemocratic world banking structure, and could be the very reason Das Uber Congress was create.
Ahh yes. Fear is being laid on thick as another "crisis" is being used in an attempt to consolidate political power. This time-honored tactic looks like it is now getting the final push in Europe as financial leaders and presidents alike call for a United States of Europe to avert collapse.
The message is clear coming from the establishment: form a more centrally-controlled political and economic union or you will suffer.
Unfortunately, that's not a prediction, but a promise.
It's become obvious that this has been the plan all along. "If you have a currency union, you certainly also need more elements of a political and of an economic union. That was clear from the outset when we started this project some 10, 15 years ago," said the Luxembourg finance minister Frieden.
However, many nations have not been so quick to give up their sovereignty and economic independence. Therefore, a good crisis is needed, followed by a coordinated chorus of experts to sway public opinion and policy.
Earlier this month former German Chancellor, Gerhard Schroeder, set the stage for solution by calling for a United States of Europe. "The current crisis makes it relentlessly clear that we cannot have a common currency zone without a common fiscal, economic and social policy." He added: "We will have to give up national sovereignty. From the European Commission, we should make a government which would be supervised by the European Parliament. And that means the United States of Europe."
New IMF chief, Christine Lagarde, warned that developed economies have entered a "dangerous new phase" because of a "vicious cycle" of weak economic growth and feeble political leadership. Singing the same tune, Lagarde recommends a collective solution; "Without collective, bold, action, there is a real risk that the major economies slip back instead of moving forward." Incidentally, debt was not mentioned as part of the problem.
George Soros recently claimed that a European treasury is needed to avoid a depression. Soros warned, "Even if a catastrophe can be avoided, one thing is certain: the pressure to reduce deficits will push the euro zone into prolonged recession. This will have incalculable political consequences." Leaving no room for discussion, Soros states, "There is no alternative but to give birth to the missing ingredient: a European treasury with the power to tax and therefore to borrow."
U.S. Treasury Secretary Geithner has not publicly endorsed a policy, but he's demanding more "forceful action." Geithner is also echoing calls for more unity; "What's very damaging is not just seeing the divisiveness in the debate over strategy in Europe but the ongoing conflict between countries and the [European] Central Bank." In other words, individual nations and the European Central Bank must unite the policies. ...
Read the rest here and see all of the links.
Comment: The US Senate is the lynch pin in any global aspiration because all treaties are approved there.