Skip to content


Soros: Embrace Mass Centralization Of Power In Europe Or Face Another Great Depression

Elite old guard accelerate bold push for radical integration

Steve Watson
Prisonplanet.com
Sept 15, 2011

Soros: Embrace Mass Centralization Of Power In Europe Or Face Another Great Depression

Billionaire globalist George Soros says that the world will face a second Great Depression unless leaders in Europe come together in a closer political union to push through bold new policies, including the creation of a European Treasury.

“It appears the authorities have reached the end of the road with their policy of ‘kicking the can down the road’,” Soros writes in a piece for Reuters.

Soros argues that further integration in Europe is the only way to prevent catastrophic financial meltdown.

“There is no alternative but to give birth to the missing ingredient: a European treasury with the power to tax and therefore to borrow.” Soros writes.

“Once the principle of setting up a European Treasury is agreed upon, the European Council could authorize the ECB to step into the breach, indemnifying the ECB in advance against risks to its solvency,” the investor adds.

In other words “The European banking system would be recapitalized and put under European-, as distinct from national-, supervision” he writes.

Adding that such a move would require a new European Union treaty, Soros states “That is the only way to forestall a possible financial meltdown and another Great Depression.”

Soros warned Europeans in countries like Germany, that while they may be unhappy essentially underwriting debts for reckless Southern European countries, they basically have no choice anymore.

“The German public still thinks that it has a choice about whether to support the euro or to abandon it.” Soros writes, adding “That is a mistake.”

“The euro exists and the assets and liabilities of the financial system are so intermingled on the basis of a common currency that a breakdown of the euro would cause a meltdown beyond the capacity of the authorities to contain.” the article continues.

Asserting that prolonged recession with “incalculable political consequences” throughout the euro zone is already inevitable, Soros adds, “The longer it takes for the German public to realize this, the heavier the price they and the rest of the world will have to pay.”

Yesterday, the president of the European Commission, Jose Manuel Barroso echoed the same sentiments as Soros, insisting that the economic crisis has turned into a “fight for European integration,” and calling for ” a new, unifying impulse” and “a new federalist moment”.

“Economic and monetary union cannot function properly only on the basis of decisions taken by unanimity.” Barroso said, suggesting that the Commission and the EU should have full authority over the governments of member states to enforce rules via the EU “Community method”.

In Washington, IMF chief Christine Lagarde essentially reiterated these sentiments, urging advanced countries to take radical steps to combat weak economic growth and high debt burdens.

“Without collective, bold action, there is a real risk that the major economies slip back instead of moving forward,” she said in a speech ahead of the IMF and World Bank meetings of global financial leaders next week.

German Chancellor Angela Merkel continues to resist this brand of globalism, arguing that “collectivizing debts” would not do anything to solve economic problems.

“In order to bring about common interest rates, you need similar competitiveness levels, similar budget situations. You don’t get them by collectivizing debts,” Merkel said in a speech at the Frankfurt auto show today.

George Soros, along with the elite old guard in Europe, has been pushing the same agenda for some time now, calling for greater global financial regulation and further integration within the European Union.

On a speaking tour of Europe promoting the European Council on Foreign Relations last year, Soros told the elite Traveller’s Club. “The idea that markets can correct their excesses turned out to be false.”, adding that “The world does need order, and that order needs maintenance.”

Soros also spoke of a need for Europe to defend it’s single currency and re-order its financial structure “across borders”. He said the EU should be granted the power to “supervise and protect the banking system”, and “also to guarantee banks that become insolvent”

Close to eighteen months ago, at the height of the unprecedented €750bn EU bailout, we highlighted the fact that financial experts and economists were adamant that the rescue of the Euro represented another step on the road toward a monolithic globalist federal union, a mass centralization of power in Europe.

The sovereign nation state as viable economic entity is being jettisoned in favour of a vastly empowered European Central Bank and European Union.

Of course, this has been the idea all along, we were  introduced to the problem, for the past three years we have witnessed a reaction of great destabilization and we are being presented with the same solution once again – more mass centralization in the name of stability – however, the stability is STILL no where to be seen.

For many years critics have warned that the EU has been slowly morphing into a federal superstate governed by unelected powerbrokers, who have increasingly sought to undermine the national sovereignty of member states.

What will the people of the member nations gain from this mass centralized union? They will simply see more of their earnings and their savings siphoned off to Brussels to prop up a failing paper currency they had never asked for in the first place. It will also mean their national vote counts for even less as unelected foreign bureaucrats are provided vastly more influence on the national economic policies of their governments.

This is a classic case of problem, reaction, solution – the very same European powerbrokers that brought us a major crisis, via enforced destabilizing monetary integration, are now offering up the final piece of the jigsaw, full integration as a means of stabilization.

——————————————————————

Steve Watson is the London based writer and editor for Alex Jones’ Infowars.net, and Prisonplanet.com. He has a Masters Degree in International Relations from the School of Politics at The University of Nottingham in England.

Related Posts with Thumbnails

Posted in Finance & Economics.

Tagged with , , .


0 Responses

Stay in touch with the conversation, subscribe to the RSS feed for comments on this post.



Some HTML is OK

or, reply to this post via trackback.

Support #altnews & keep Dark Politricks alive

Remember I told you over 5 years ago that they would be trying to shut down sites and YouTube channels that are not promoting the "Official" view. Well it's all happening now big time. Peoples Channels get no money from YouTube any more and Google is being fishy with their AdSense giving money for some clicks but not others. The time is here, it's not "Obama's Internet Cut Off Switch" it's "Trumps Sell Everyones Internet Dirty Laundry Garage Sale". This site must be on some list at GCHQ/NSA as my AdSense revenue which I rely on has gone down by a third. Either people are not helping out by visiting sponsors sanymore or I am being blackballed like many YouTube sites.

It's not just Google/YouTube defunding altenative chanels (mine was shut), but Facebook is also removing content, shutting pages, profiles and groups and removing funds from #altnews that way as well. I was recently kicked off FB and had a page "unpublished" with no reason given. If you don't know already all Facebooks Private Messages and Secret Groups are still analysed and checked for words related to drugs, sex, war etc against their own TOS. Personally I know there are undercover Irish police moving from group to group cloning peoples accounts and getting people booted. Worse than that I know some people in prison now for the content they had on their "secret private group". Use Telegrams secret chat mode to chat on, or if you prefer Wickr. If you really need to, buy a dumb phone with nothing for the NSA/GCHQ to hack into. Ensure it has no GPS tracking on it and that the battery can be removed. These are usually built for old people to get used to technology storing only a set of numbers to call. However they have no games, applications to install or other ways people can exploit the computer tracking device you carry round with you most of the day - your smart phone. If you are paranoid ensure that you can remove the battery when travelling around and do so to prevent GPS tracking or phone mast triangulation. Even with your phone in Flight mode or turned off, it can be turned on remotely and any features like front or back cameras, microphones and keylogging software can be installed to trace you.

So if your not supporting this site already which brings you news from the Left to the Right (really the same war mongering rubbish) then I could REALLY do with some..

Even if it's just £5 or tick the monthly subscription box and throw a few pound my way each month, it will be much appreciated. Read on to find out why.

Why?

Any support to keep this site would be appreciated. You could set up a monthly subscription for £2 like some people do or you could pay a one off donation as a gift.
I am not asking you to pay me for other people's articles, this is a clearing house as well as place to put my own views out into the world. I am asking for help to write more articles like my recent false flag gas attack to get WWIII started in Syria, and Trump away from Putin. Hopefully a few missiles won't mean a WikiLeaks release of that infamous video Trump apparently made in a Russian bedroom with Prostitutes. Also please note that this article was written just an hour after the papers came out, and I always come back and update them.

If you want to read JUST my own articles then use the top menu I have written hundreds of articles for this site and I host numerous amounts of material that has seen me the victim of hacks, DOS plus I have been kicked off multiple hosting companies, free blogging sites, and I have even had threats to cease and desist from the US armed forces. Therefore I have to pay for my own server which is NOT cheap. The more people who read these article on this site the more it costs me so some support would be much appreciated.

I have backups of removed reports shown, then taken down after pressure, that show collusion between nations and the media. I have the full redacted 28/29 pages from the 9.11 commission on the site which seems to have been forgotten about as we help Saudi Arabia bomb Yemeni kids hiding in the rubble with white phosphorus, an illegal weaapon. One that the Israeli's even used when they bombed the UN compound in Gaza during Operation Cast Lead. We complain about Syrian troops (US Controlled ISIS) using chemical weapons to kill "beautiful babies". I suppose all those babies we kill in Iraq, Yemen, Somalia and Syria are just not beautiful enough for Trumps beautiful baby ratio. Plus we kill about 100 times as many as ISIS or the Syrian army have managed by a factor of about 1000 to 1.

I also have a backup of the FOX News series that looked into Israeli connections to 9.11. Obviously FOX removed that as soon as AIPAC, ADL and the rest of the Hasbra brigade protested.

I also have a copy of the the original Liberal Democrats Freedom Bill which was quickly and quietly removed from their site once they enacted and replaced with some watered down rubbish instead once they got into power. No change to police tactics, protesting or our unfair extradition treaty with the USA but we did get a stop to being clamped on private land instead of the mny great ideas in the original.

So ANY support to keep this site running would be much appreciated! I don't have much money after leaving my job and it is a choice between shutting the server or selling the domain or paying a lot of money just so I can show this material.

Material like the FSB Bombings that put Putin in power or the Google no 1 spot when you search for protecting yourself from UK Police with "how to give a no comment interview". If you see any adverts that interest you then please visit them as it helps me without you even needing to give me any money. A few clicks per visit is all it takes to help keep the servers running and tag any tweets with alternative news from the mainstream with the #altnews hashtag I created to keep it alive!

However if you don't want to use the very obvious and cost free ways (to you) to help the site and keep me writing for it then please consider making a small donation. Especially if you have a few quid sitting in your PayPal account doing nothing useful. Why not do a monthly subscription for less money instead. Will you really notice £5 a month?



css.php