EURO-OLIGARCHS’ SLASH FUNDS AWASH AMID EU’S BANKRUPTCY

Erle Frayne D. Argonza


Good evening from the Philippine suburbs!

I wish Europeans could find sufficient reason to brighten themselves up these days. Maybe the northern Europeans can still find some reason to smile in the light of welfare state graces still flowing to their pockets, while those of southern Europe’s are grilling in the heat of a continent burning in economic firestorm.

Europe is rapidly going down the route of bankruptcy as shown by the panic behavior of its Brussels-based central bank as well as the respective member-states’ own central banks. Whatever the serial bankruptcy could forebode, the Europeans better prepare for the worst scenario.

Economic intelligence updates report that only the IMF and USA are infusing some fresh monies unto the European coffers. The problem is that the IMF is itself running out of funds soon, and so it may decide to probably print money that it just puzzlingly couldn’t securitize enough (does IMF possess gold bullions to back up those monies in case?).

As to the USA providing fresh cash to Europe, we concerned observers are simply befuddled about. The USA was bankrupt even before Obama became president, a fact that amplifies our own confusion about where does the USA source such funds and how will it securitize them in case of its aiding of a burning Europe.

It seems that coteries of Nero officials were designated as chief execs and technocrats in the entire continent plus the UK & Ireland, Neros who fiddled in their palatial roofs while their respective countries burned. I wish the likes of Brown, Merker, Sarkozy, and Barroso could convince me that they are not some Nero clones who collectively did burn their own continent at the behest of the financiers. [Cameron replaced Brown recently, performing a “too late the hero” act.]

Now, just to remind the readers more so the Europeans, around a couple of years back, when the USA was in the midst of its ‘great recession’, the greedy Anglo-European financiers reportedly stashed a staggering $3 Trillions worth of slash funds in the big financial houses of the continent itself. That was then, it’s now 2010 and the slash funds may have grown to at least 33% its original size.

A very suspicious act for sure, as it reveals a highly privileged class that operates outside the ambit of established rules in the continent. Just exactly what are those funds intended for, we can only speculate. The greedy financiers know about a coming turbulence that will engulf the entire trans-Atlantic economies most likely, and they were preparing for the worst scenario.

The worst scenario is now taking shape, the scenario of total bankruptcy and the Eurozone’s economic roof collapsing. The Jurassic bank IMF was already called upon to intervene with emergency measures for central banks to stash hundreds of billions of euros to salve ailing banks, while it imposed austerity measures on heavily affected countries such as Greece.

To say that the financiers are but passive observers of events would be over-stretching naïve posturing bordering torpor. The greedy financiers led by the House of Rothschild and its subordinate subalterns (Soros & cronies) have been orchestrating the events in the continent, even as they were responsible for directing the pliant IMF to enter the scene in order to hasten anarchy and economic collapse.

Europe’s member states could all but wish for some more industries that could be sold to the financiers who wait in the wings for more bankrupt companies to be sold at cheap dirt prices. Europe has already been effectively de-industrialized across the decades via virtual economy policies of deregulation, privatization, and liberalization, so there isn’t much an industry left for such a purpose.

Maybe the last frontier of Europe to generate money is to sell all of its major infrastructures—freeways & roads, bridges, levees, wharves, airports/runways, railways—to the financiers via their agents. Netherlands’ flood control infrastructures, for instance, would surely be cause for salivation by the same greedy moneybags which they can perhaps maneuver to buy at rummage sale.

Concerned Europeans themselves should keep watch over the reports filtering to the OECD and Bank for International Settlements about the country performance of EU’s member states. Panic and desperation, at a given juncture, is sufficient cause to pad data, rendering such central institutions as unreliable and suspect. When an economic house burns, a central bank would casually resort to lying such as our own central bank in the Philippines did during the depression years of ‘84-‘86.

Likewise should the Europeans, more so the working class, better keep track of oligarchic slash funds being stashed surreptitiously in their own backyard. Such funds should be allowed to surface and be applied with transparency rules to know what they are intended for.

[Philippines, 31 July 2010]

[See: IKONOKLAST: http://erleargonza.blogspot.com,
UNLADTAU: http://unladtau.wordpress.com,
COSMICBUHAY: http://cosmicbuhay.blogspot.com,
BRIGHTWORLD: http://erlefraynebrightworld.wordpress.com, ARTBLOG: http://erleargonza.wordpress.com,
ARGONZAPOEM: http://argonzapoem.blogspot.com]

SCUTTLE EU NOW, BEFORE 4TH REICH OPTION AWAKENS!

Erle Frayne D. Argonza


Magandang hapon! Good afternoon!

I have no wish to intervene in the internal affairs of Europe. However, judging by the flow of events in the continent, from the signing of the earlier treaties through the monetary union and the Lisbon Treaty, there has been a clear sign of concurring agreements without the benefit of public consensus.

True, there were debates about the formation of the Union from its earlier days as an energy coalition through the birth of the Eurozone and finally the Lisbon Treaty. But the signing of treaties has been a monopoly of bureaucrats and technocrats who do not the least show accountability towards the great mass of struggling Europeans.

Now that the Eurozone is in trouble, which further threatens the continent with a gigantic crash that could be worst than the USA’s, the prospects of more Draconian measures of implementation and austerity measures imposed on member countries are getting more real.

Let us just hope that the increasing chaos of events in the EU won’t lead to the dreaded hyper-inflation, an ailment that crippled the late Weimar Republic and paved the way for Hitler’s rise to power. Already, the doors of Europe are opening for new fascist movements arising, movements that could very well serve the interest of the bureaucrats & technocrats working for the fat financiers led by the House of Rothschild.

If there is any unsolicited advise I can offer to the Europeans, it is this: scuttle the Union now while there’s still time. A gigantic maelstrom is gathering in your backyard, which could lead to the rise of a 4th Reich of sorts.

Let me share to you a past blog article about the 4th Reich possibility.

[Philippines, 24 May 2010]


4TH REICH IS A TRANS-ATLANTIC 2-HEADED TOTALITARIAN MONSTER

Erle Frayne Argonza y Delago
Good morning, Fellows across the globe!
Let me continue to write awareness-raising materials about peace, cooperation and development, by focusing on the machinations of the financier oligarchs. The Empire is rising again, the logic being that it is a most fit governance machine for global oligarchic games and forthcoming conflicts.
Guessing gamers have been busy releasing speculations about the next financiers’ great war, and the state machinery that will undertake it. Lacking sophistication in political economy, the guessing gamers end up with superstitious sloganeering and fear-mongering, or reactive behaviors that hardly possess merit and serious attention by the more adroit minds of younger generations.
Following the historic patterns of Empire formations, it has always proved fruitful to wage synchronized conflicts and fatten the oligarchic purses in the process, if an empire formation would do the hot-work jobs for the oligarchs. The last Empire that did the massive aggression for the Anglo-Dutch oligarchs was dubbed as 3rd Reich by its created abomination, Hitler & Nazi movement.
The same Anglo-Dutch financiers, who control at least 80% of the world’s total financial flows, are itching to create a 4th Reich totalitarian state. It is time for a great war, the result of which will flatten the economies and enterprises of contending nations. The wrecked enterprises will then be bought at dirt cheap price by the same oligarchs, and the flattened economies funded back to life by the same financiers.
The question is, just exactly what oligarchic state formations to employ? The EU and USA each produce over 22% of the world gross product, or altogether produce 45% of GDP. The Anglo-Dutch financiers, on the other hand, control over 80% of the global financial flows. Using such data, it is very easy to see the congruence of continental economies and financier interests.
In my analysis, using a combination of institutional analysis and political economy, the combined EU-USA force would be excellent for creating the draconian 4th Reich. Of course, the possibility of a North American Union can be examined, but such a Union doesn’t have the purse power to leverage political strength, do understand this. On the other hand, the EU cannot impose its will on the USA without public dissent being aroused to hell fires, and so no USA-EU political integration is in the offing.
The web of institutional arrangements will see a mega-alliance of USA-controlled North America and a Brussels-based European Union. The trans-Atlantic alliance is a last-ditch effort of the same financiers to exhibit muscle power over the planet, and only the USA-EU axis remains as the loyal consenter to the financier machinations. Japan can still veer away from the axis, while the emerging markets’ giants—China, India, Brazil—are beyond the ambit of such machinations.
The institutional plan calls for the implementation of the final treaty in Europe, the Lisbon Treaty, that will see the advanced unification of the continent. Synchronically, a North American Union, with a common currency called Amero, will replace the NAFTA, complete the political unification process, and form the American bulwark of the new fascist axis. That done, the 4th Reich will be in place, rock-solid in armaments and awash with liquidities for more ambitious, gigantic war efforts.
Part of the governance innovations will be to abolish nations in both continents. Region-states will rise to replace the nations, each region being almost of equal population and size. With no more nations in Europe, the nuclear arsenal of France and UK will be placed in the custody of Brussels, thus transforming Brussels into a nuclear power overnight.
Transformed into police states, both continents will then wage population-control campaigns in the neighborhoods. Gangster groups will logically be deputized to augment police in searching for guns, drugs, insurgent evidences, terrorist cells, petty criminals, and other perceived enemies of the state. Those young ones engaging in binge drinking and sex orgy parties will also most likely be apprehended.
To accelerate public compliance toward the new order, riots can be engineered in cities across both continents. Food price hikes, oil price hikes, massive unemployment, social welfare cuts, overnight hyper-inflation are the most contentious issues that easily inflame quiet neighborhoods into angry urban mobs. Any high school student taking up a subject on sociology can very facilely see this possibility today. It has already been tried and tested across the globe in fact most recently.
While the continental backyards are being provided draconian order by police forces, the military assets will then flex their muscles for huge wars overseas. To ensure that competing regions and continents will be mowed down fast, inter-regional wars will be engineered. The Sunni-Israel versus Iran-Shiite war is now on the pipeline, waiting for a go-signal, a conflict that will see the weakening of the Semitic military establishments and economies, thus paving the way for less costly involvement there.
Other continents will surely see their own war fireworks fanned to the maximum most likely. It would be an instructive work to analyze and forecast the shaping of events there. For instance, the China-Taiwan and inter-Korean conflicts may ensue again on their 2nd phases. Japanese aggression may also be pursued on a 2nd phase, which could see the Japanese islands devastated with nukes combined with the Tesla Earthquake Machine to put an abrupt end to its zealous militarism.
To cap the article, it is a Trans-Atlantic 4th Reich that is now fast rising. How fast the citizens of both America and Europe can neutralize the abominations now shaping up in their backyards remains to be observed. One this is sure here: it doesn’t matter who will be president of the USA or EU. The financiers and their paid technocratic-political subalterns have already ensured that the oligarchy is in control of the situation.
[Writ 22 June 2008, Quezon City, MetroManila]

EUROZONE’S BURNING, CONVENE GLOBAL FINANCIAL CONFERENCE!

Erle Frayne D. Argonza


Magandang gabi! Good evening!

Eurozone is burning. Before the flames would reach infernal levels, the contagion effects thereof burning the other regions of the globe, a global financial conference should be convened most urgently.

The purpose of the conference would be to configure a new financial architecture. Such a policy architecture would then as guidepost to all nation-states and regional alliances (EU, trade regimes such as ASEAN, NAFTA, Mercosur, others) to follow.

In the absence of such a policy architecture, palliatives can only emerge from the board rooms of incompetent bureaucrats. Among such palliatives now arising are: (a) Merkel’s solution to regulate hedge funds operations (financial derivatives); and, (b) Obama & US Congress’ regulations of speculative excesses of its stock markets.

Such palliatives are merely piecemeal solutions, even as they are too partial and parochial. They weren’t derived from a comprehensive paradigm that could have generated clear explications of the financial/economic crises of our times. They are reactive rather than responsive. Absent a policy architecture, and the piecemeal solutions will only have short-run impacts, and will be folded up when “things will get better.”

The top agenda that must be taken up are:

1)Criminalize speculative excesses. Speculation has fueled bubble economies worldwide. Financial predators have emerged from the oligarchic quarters up North, who have played havoc on the equities and currency markets. If it will turn out beneficial to ban and criminalize hedge funds operations later, then so be it. Such vulture funds have no place in a civilized world where we witness poverty and hunger rising.

2)Tobin Tax cross-border transactions. In no way should unbridled cross-border transactions be allowed without taxation. A minimum Tobin Tax of 0.75% on all such transactions should be imposed. Higher tax on derivatives and commodities futures of 1.5% can also be agreed upon. The accruing tax revenues will then be turned over to the United Nations and attached agencies for their operations & maintenance budgets.

3)Condone fraudulent/usurious debts. Debts that are fraudulent or too usurious, notably those lent to developing economies, should be completely condoned. The same economies can then have a fresh start and breathing space for anti-poverty, jobs, and related social development efforts.

4)Abolish the Jurassic Fund (IMF). It is now time to re-assess the International Monetary Fund, leading to its abolition. It does not represent the interest of the member-states, but is rather a middle man peddling the interests of global financial cartels. Its top executives come from the ranks of the same cartels. It had imposed austerity measures on many developing economies, causing more hunger, poverty, low wages, and unemployment. This Jurassic Fund (to borrow from Walden Bello) must go!

5)Identify financial ‘White knights’. Authentic financial ‘white knights’ from among the emerging markets should be properly identified and urged to expand their operations. These financial groups can offer long-term financing at very low interest rates. The end-users should be authentic market players that are engaged in the productive sectors, which will end the practice of ‘white knight’ financing (such as the Yen Initiative Package) that lent money to financial cartels which in turn re-lent them at higher interest rates.

6)Ban banks from speculative pursuits. Commercial banks and development banks, or all banks for that matter, must be banned from engaging in speculative pursuits such as hedge funds, commodities, and ‘hot money’ operations. Banks must service the productive sectors and must infuse moral philosophy in their organizational cultures.

7)Abolish stock markets. Stock markets have never been instruments for wealth redistribution. They are filled with dirty operators. It’s now time to abolish them. In their stead should be instituted a direct link between investors and market players in need of fresh money, thus abolishing the stock trader as ‘middleman’. Reforming the stock markets isn’t the answer, but rather their abolition.

8)Institute gold reserve standard. The gold standard of the past was abolished, in order that gold be hoarded by a few cartels up North. It is time to institute a new form of gold standard serving as stabilizer and securitization instrument for currencies. The standard will eventually lead to a re-institution of currency control policy which redounds to a more stable global economy in the long run.

Let it be reiterated, that should the present situation be allowed to go on, with piecemeal parochial solutions carved out at best, a bigger global catastrophe will be in the offing. A more colossal nightmare is now unfolding, which we hope the Northern countries’ incompetent bureaucrats can see at all.

[22 May 2010]

[See: IKONOKLAST: http://erleargonza.blogspot.com,
UNLADTAU: http://unladtau.wordpress.com,
COSMICBUHAY: http://cosmicbuhay.blogspot.com,
BRIGHTWORLD: http://erlefraynebrightworld.wordpress.com, ARTBLOG: http://erleargonza.wordpress.com,
ARGONZAPOEM: http://argonzapoem.blogspot.com]

EUROPE’S BURNING!

Erle Frayne D. Argonza


Europe is on fire. Save for those who choose to be blind, the Union is going through an incendiary economic burn. How far will the economic burning go, whether it will spread to a larger continental inferno, no one can tell for now.

Before the EU’s creation, welfare policies were prevalent from east to west of the continent. Liberal reforms then arose, commencing with the Tory’s (Thatcher era) wholesale adoption and social marketing of the same, and copied by the conservatives and liberals of the continent alike.

By the turn of the century, upon the commencement of the Euro, liberal reforms already saw the uncontrollable ascent of predatory finance worldwide. Liberalized financial-capital markets paved the way for their immanence.

Among those instruments created by the predators was financial derivatives. To recall, a decade back the derivatives markets were already awash with exposures totaling over $150 Trillion, with 36% of these in the hands of British financiers while 15% were in Americans’ hands.

By 2001, the alarming projection was leaked out that derivatives will be inflated to exceed $350 Trillions within the new decade. At a time when the global economy was producing past the $40 Trillion in Gross World Product or GWP, it was sheer madness to consider debt papers of past $350 that could meltdown the globe in case of a gigantic bubble burst.

Europe was already flat on its back for a straight two (2) decades since after the collapse of the Soviet Union. Periodic stagflations and recessions have seen the rise of poverty incidence and, consequently, the re-emergence of neo-fascist movements.

Being strongly tied up to the U.S. economy, it was not surprising to realize that a contagion of the U.S. recession will surely hit Europe, which did happen. The ugly side of the formula was the aiding of ailing banks that were badly affected by the crisis, an intervention that was flawed and immoral as it entails using taxpayers’ money to aid criminal bank speculators.

Barely out of the U.S. contagion effect, Brussels was shocked to see that a new fire had started within the Eurozone— Greece to be exact. As this was happening, Spain also began to sneeze & cough, as some of its own banks (notably Santander) spiraled down bankruptcy scale. Other member-economies were also having their own financial crucifixions going by the early part of this current year.

If we diagnose what’s going on in the financial sectors of member states, we can easily pinpoint banks as hotspot fire sources. They were heavily into speculative pursuits, with enormous exposures to derivative operations.

Just exactly how that happened can be traceable to certain acts in the North by the mid-80s. Commodities markets have sprung up on that decade, even as a global recession took place then, threatening OECD economies. Liberal reforms were already permeating diverse sectors, and within the backdrop of liberalization, financial derivatives and equivalent portfolios were launched in mass scales.

Banks shed off their previous stance of inhibiting themselves from speculative pursuits. Soon they’d find themselves investing into every speculative games they could lay their hands into, inclusive of hedge funds operations.

Now, to fast track to the present, economists estimate that EU’s aggregate derivatives are within the range of $180-$200 Trillions, estimates that seem conservative. Measure this against the gross domestic product of EU at $13 Trillions, and you would be driven to ask: just exactly where will Europe get the funds to pay the hedged financials in case of bursts and massive bankruptcies?

If all of the hedge funds investors would ask for a forced payment of their total of, say, $200 Trillions more or less, who would pay for such debts? Where will the money come from? Is it morally right to extract taxes from European workers to pay up for the dirty debt papers in case? Is it likewise morally right to impose wage cuts on workers who were not the culprits in the virtual economy game in the first place?

Concerned Europeans should better rethink the Euro and ask whether the new currency really worked for their welfare. It is now clearer that the Euro was a sell-out idea and project, that it was launched to satiate the insatiable pockets of greedy financiers represented by the top financial houses there.

And Europeans better see how silly it is to allocate taxpayers’ money worth $1 Trillion to bail out ailing banks and industries hit by the rising meltdown. For measured against total debt papers of $180-200 Trillions, $1 Trillion would be ridiculously paltry.

Yet another ridiculous intervention is the austerity measure imposed by the IMF on Greece. We’ve had so many precedents of the deleterious effects of such measures on developing economies that aimed at eventually graduating from IMF programs as a salvation measure in the short run. While emerging markets are getting out of a burning house (IMF & austerity measures), Greece voluntarily entered this house. Unbelievable!

As per reports reaching my focals, Germany had the greatest exposures to Greece’s banking sector, with exposures running to hundreds of billions of euros. British financiers, on the other hand, have their hands full in Spain’s banks.

It isn’t difficult to forecast that the fire in Greece could spread to other eurozone economies. Not even the UK, which decided to stay out of the eurozone, will be spared from the bonfire. Spain is almost there now, and who knows what country will be next.

If banks and industrial conglomerates will simultaneously burn in all of the member-states of the eurozone, with total aid claims of past the GDP of $13 Trillions, then Europe will be on the brink of a continental inferno.

Concerned readers better think for yourself whether Brussels and the bureaucrats do have the right answers to the raging problems of Europe. Poverty incidences are now hitting past the 20% mark in member countries, while massive lootings of the financial and currency markets by predatory financiers take place every day in the continent.

Well, let’s all wait and see for what happens. Let us hope that a mad Nero bureaucrat wouldn’t appear to orchestrate the burning farther to infernal scale. That would bring a new nightmare to the whole planet if it happens.

[Philippines, 20 May 2010]


[See: IKONOKLAST: http://erleargonza.blogspot.com,
UNLADTAU: http://unladtau.wordpress.com,
COSMICBUHAY: http://cosmicbuhay.blogspot.com,
BRIGHTWORLD: http://erlefraynebrightworld.wordpress.com, ARTBLOG: http://erleargonza.wordpress.com,
ARGONZAPOEM: http://argonzapoem.blogspot.com]

ANOTHER GREAT DEPRESSION COMING AS FINANCIAL SYSTEM ENDS

Bro. Erle Frayne Argonza

Is the global economy moving downward towards a devastating collapse?

If we employ a long-term Kondratieff cycle to model the world economy, we can see that the period beginning in 1935 approximately (when the big market economies US-UK-Germany moved towards another cycle of growth approximately after the Great Depression) should have ended around 1995 approximately, after which comes another great depression.

As early as 1989, ramblings of a global collapse began to murmur in the US economy. Mexico, Japan, Argentina, and other economies followed in the 1990s, while Europe went through a general low-growth trend that was the most sustainable for the continent as a whole. Then came the Asian meltdown of 1997. Then the USA again went through a recession in 2001, a pattern that has been repeated again from 2008 to the present. It seems that the pillars of the world economy couldn’t get out of a short-term crisis without having to crash back to another episode of short-term crisis altogether.

Is it really a ‘short-term’ crisis in the first place? Or is it in fact a ‘systemic crisis’, and that the financial downspin the Northern economic pillars are going through could very well be the terminal phase of a very long cycle of growth that began after the end yet of the Treaty of Westphalia (1648)? That in fact, several long-wave Kondratieff cycles have already passed over since that time, and that finally the system is DEAD in the wood?
Well, not only the financial system but the whole of CAPITALISM is already on its death throes.

Those oligarchs behind the systems now dying won’t see the system they built die down just like that without “bringing down the other houses” with them, it seems. Which means that, right after the terminal phase of the system, another huge, catastrophic war will come, which will later see another Westphalian-type treaty or so that will re-carve the contours of polities into a Post-Westphalian totalitarian technotronic global order.

Below is a briefer from the Executive Intelligence Review that summarizes the issue at hand.

[18 August 2008, Quezon City, MetroManila. Thanks to Executive Intelligence Review database news.]
===================================
End of the Line for Financial System; Bankruptcy Issue Raised

Aug. 10, 2008 (EIRNS)—The death of the financial system was the implicit subject of several articles in the financial press over the weekend, reflecting the way reality is setting in and attitudes are changing.

"Investment banking is dying," was the blunt statement by William Cohan, in a op-ed in today's Washington Post entitled "The End of the Masters of the Universe?" Cohan says that the revenue streams of the investment banks are drying up, and that there is genuine fear in the corridors of power on Wall Street.

"We have a banking crisis and an agency crisis and a mortgage crisis and a coming credit card crisis. We've never seen anything like that before. And it all seems to be coming home to roost at the same time. That's never happened either," Charles Geisst, a professor of finance at Manhattan University, told yesterday's Washington Post. He said the Great Depression was the last time the financial markets were hammered by such a variety of factors, adding: "But we did not even have credit cards in the 1930s; there was no such thing as student loans."

The specter of generalized bankruptcy was raised by Yale finance professor Robert J. Shiller in an op-ed in the New York Times. Citing the failure of Bear Stearns and the government measures to bail out Fannie Mae and Freddie Mac, Shiller asks, "What if the next case is worse? No one in government seems to feel a responsibility for warning about such possibilities and formulating a detailed policy for dealing with them." Shiller says that "Bankruptcy law is a good place to start. After all, the dreaded financial meltdown would amount to a wave of bankruptcies.... What would happen to the economy if hedge funds had to liquidate, one after another, in a financial crisis? We need to rethink the theory and practice of bankruptcy, given the new complexities."

Shiller points to the inherent limitations in current bankruptcy laws, which were largely drawn to protect narrow financial interests, and are poorly suited to deal with systemic problems, when a "subsidized system of triage would be needed to identify which companies should be saved, with the main criterion being the possible economic impact of their liquidation."

These comments, taken as a whole, represent the way discussions of the "unthinkable" are beginning to percolate, and converge upon the outlook of Lyndon LaRouche. Shiller's mention of triage by bankruptcy echoes the emergency measures proposed by LaRouche, of putting the financial system itself through bankruptcy, protecting the population with a firewall, and freezing the financial paper while we determine what debts will, and won't, be honored. Whatever Shiller may think about LaRouche's proposals, he is implicitly admitting that the system is finished, and that we must prepare for its demise, making decisions on the basis of the interests of society, and not merely the narrow interests of financial institutions. Reality is setting in, and reality leads inexorably to the policies outlined by LaRouche.

EUROPE’S TOTALITARIAN SLIDE CHECKED BY IRELAND’S VOTE ON LISBON TREATY

Erle Frayne Argonza y Delago

Good morning!

It is a stormy morning actually as I write this piece, and it seems to coincide with stormy events in the European continent at the moment. The continental storm has got to do with the finalization of the Lisbon treaty that could have effected complete political integration of Europe.

What makes the treaty questionable, in the opinion of many in Europe and across the globe, is that it didn’t pass through the public opinion mills and debates. Engaging Europeans themselves in voting for the measure could have been the most important method to ensure public consent about the unification treaty.

What is scary about the treaty, per analysis from many quarters including the Guardian and Executive Intelligence Review, is that it could pave the way for a central authority that is an undisguised totalitarian regime. A continental police state could have been the result of the full implementation, which is scheduled on January 2009, coinciding with the report to office of a new president in the United States.

Already, certain political personages are salivating for sitting in the throne of European president in case the treaty will be fully enforced. Tony Blair, former premier of the UK, is among those top candidates, and is noted to be very interested in becoming the first president of the political Union. In that case, he will be the first legitimate Emperor Palpatin, who will then sign marching orders for das boots mobilizations and conflagration of a total magnitude that will dwarf what the planet had ever experienced.

If the treaty will be fully implemented, the NATO will become the instant military wing, and the nuclear arsenal of the UK and France will be placed under the direction of Brussels. The NATO will become the command center for an EU-USA hegemonic partnership that will bring warfare to its next level across the planet.

The whole of Europe will suddenly become a police state of nightmarish proportions. The immigrants there today as well as the prison inmates will instantly turn into slave labor for global corporations. The scheme, as it was already tested in the USA, is for greater privatization of prison services. It is but another disguise for slave labor pure and plain.

You may have noticed the massive influx today of immigrants to Europe. This had already been pre-planned before to raise the level of future slave laborers in the new totalitarian continent. They will backstop the prisoners whose numbers will increase by many folds as brutal police forces will be rounding up every suspicious member of a neighborhood supposedly to check on guns, drugs, alcohol drinking binge, sex orgy parties, criminals, and so on.

That totalitarian march of Europe had been checkmated for a while, as Ireland sought its citizens’ vote on the matter. Irish people rejected the treaty, and so this gives Europe some breathing space to re-think about the compass of political economic life. It could in fact be a chance to abolish the European Union altogether, which is really nothing but a central regulatory arm of the Anglo-Dutch-Teutonic oligarchy within its own backyard.

Let us all keep our eyes wide opened, vigilant to the max as events unfold in Europe. We can never again allow a totalitarian regime in that continent, whose spill-over effect would be a rapid resurgence of Japanese militarism in Asia. No, never again can we see a repeat of the fascistic days of the ‘30s & ‘40s.

[Writ 22 June 2008, Quezon City, MetroManila]