Merkel bailout deal heralds birth of EUSSR proper

Hat tip: Daniel Hannan

Download a copy of the ESM Treaty

What is wrong with nationalism?

Tim Montgomerie rightly opines that capitalism is in danger but I fear that he can see only the trees and not the forest.

He quotes Martin Wolf, who sees nationalism as a "darker" form of politics.

What exactly is wrong with nationalism? Does he not think that he might have fallen for the propaganda of the globalists who started this entire global financial meltdown?

There's nothing inherently wrong with nationalism. Countries are nations. Countries' leaders used to act in the national interest, but now work for globalism, even if that works against the national interest.

Corporations write our laws - be they from the EU or from our own government. They write them to reduce competition from the little guy and to garner tax favours or waivers for immigration/settlement laws. These global entities have become too big to fail, and yet they themselves represent the very antithesis of the free market economy.

Your homework for tonight: Explore the true meaning of nationalism and discuss its use as a firewall in a global system.

PS: It's interesting to note that Tim has chosen not to publish my comment on the subject!

Preparing for Euro Breakup conference: Farage, Bloom & Profs. Hankel & Bagus

Conference held in the European Parliament, Brussels, on Wednesday, 12th October 2012, Room A1E2, from 10.30 a.m. to 12.30 p.m.

Two German professors join UKIP Leader Nigel Farage MEP and UKIP MEP Godfrey Bloom for a conference in the European Parliament in Brussels, 12 October 2011.

The conference was introduced by UKIP Leader Nigel Farage MEP, co-president of the Europe of Freedom and Democracy group (EFD), which sponsored the event, chaired by Godfrey Bloom MEP (UKIP).

Professor Wilhelm Hankel, who last year led the challenge to the euro bailouts in the German Constitutional Court, tackled the first topic: "Currency Union or Foreign Exchange Rate Union?" He was followed by Professor Philipp Bagus, who dealt with the "Practical steps to withdrawing from the Euro." (See bios below.)

• Professor Dr. Wilhelm Hankel

Born 1929 in Gdansk, started his career in 1952 at the "Bank Deutscher Länder" (the predecessor of the German Bundesbank). This was followed by positions in the Bundesministerium für wirtschaftliche Zusammenarbeit (Ministry for Economic Cooperation) and the Foreign Office.

From 1959 to 1967 he was chief economist of the Kreditanstalt für Wiederaufbau (Bank for Reconstruction) - 1967 he became the head of the department of money and credit in the Ministry for Economic Affairs and one of the closest staff members to the German economy minister Karl Schiller.

From 1971 to 1978 he was chief executive of the public Bank of the Land Hesse. Since 1971 he has been a professor for currency and development policy at the Johann Wolfgang Goethe university in Frankfurt.

Hankel has also undertaken consulting assignments for the World Bank, European Union and the Deutsche Gesellschaft für Technische Zusanmmenarbeit GTZ (German Development Aid agency). Until 1995 - assigned by the European Union -- he built up a training centre in West Siberia to educate bankers.

In 1998 - together with three colleagues - he made a complaint against the rushed introduction of the Euro at the German Federal Constitutional Court.

Guest professorships: 1974/75 in Harvard, 1975/76 Konrad Adenauer professor at the Georgetown University in Washington, 1978 to 1981 senior visiting professor at the Bologna Centre for advanced internationally Studies of the John Hopkins University, until 1983 guest professorship at the Center of Science, Berlin, 1990/91 guest professor to the Technical University Dresden, 1991/92 foundation chair of the German Federal Bank (Bundesbank) at the free University of Berlin.

Consulting assignments for the Deutsche Gesellschaft für Technische Zusanmmenarbeit GTZ (German Development Aid agency) in United Arabian Emirates and Saudi Arabia (1977/79), Korea (1980), Egypt (1981), Latin America (Dom. Republic, Guatemala, Honduras, Costa Rica, Nicaragua, 1982), PR China (1988), Jordan (1989/91), Yemen (1992), Russia (1994/95) and Georgia (1998/99).

Professor Hankel led the challenge to the euro bailouts in the German Constitutional Court.

• Professor Dr. Philipp Bagus

Philipp Bagus is a professor of economics at Universidad Rey Juan Carlos in Madrid.

He earned his Bachelor's and Master's at the University of Münster and his Ph.D. from Universidad Rey Juan Carlos with Jesús Huerta de Soto as his adviser on a thesis on deflation.

He is the author of The Tragedy of the Euro -- How Political Interests Created a Self-destroying System and Deep Freeze: Global Credit Markets and the Icelandic Financial Crisis (forthcoming with co-author David Howden).

He has published articles mainly on monetary and business cycle theory in The Quarterly Journal of Austrian Economics, Libertarian Papers, Journal of Libertarian Studies, The Review of Austrian Economics, Procesos de Mercado, Economic Affairs, New Perspectives on Political Economy and the Journal of Business Ethics among others.

Hat tip: UKIPMEPs

And finally, here's Nigel Farage at his new best:

Confessions of a Dangerous Mind: Kyle Bass' economic prognosis

Breathtaking analysis of where we've been, where we are, where we're going, and why - by Kyle Bass.

Unfortunately, embedding's disabled for this video, but you can watch it here.

Saudi assassination attempt false flag for World War 3?

Retired US Army Lt Colonel Anthony Shaffer says he was informed by an FBI insider that the dubious terror plot to assassinate a Saudi ambassador, which was blamed on Iran, was probably manufactured by the Obama regime because no information about the plot even exists within FBI channels.



The announcement of the 'foiled plot' came from Attorney General Eric Holder, just a day before he was subpoenaed over Operation Fast and Furious.



Judge Andrew Napolitano interviews LTC Shaffer:








As Leg-Iron notes in his comment, war with Iran was always one of the US's goals ... along with Egypt, Syria, Lebanon, Somalia and Sudan.



Dr Steve Pieczenik and other commentators predict that Israel, if it gets its way, will be at war with Iran within two weeks.

Theresa May's Orwellian doublespeak

Today, at the Tory conference, Theresa May said* with a straight face:

"There can be no liberty without security"

... having just alluded to further militarisation of the police.

The Tory faithful applauded.

Astonishing.

"Those who would sacrifice liberty for security deserve neither ..."-- Benjamin Franklin. 

Will someone please tell the Tory Faithful that the price of liberty is eternal vigilence? Or are they a lost cause?

At least Douglas Carswell can see the continuity of agenda.

* The link to May's speech, above, doesn't appear to have an official transcript.

IMF describes savings as "grotesque"

Well, now it's on record. Savings are "grotesque".

Those who stand to gain from the bailouts are its biggest pushers. Only in a debt-based, fiat monetary system can savings be regarded as "grotesque.

Awesome Ron Paul video: For Liberty Re-cut

The video is a fabulous collection of clips from the 2008 US Presidential Primaries for the Republican Party.

Commentators, such as Tom Woods and the Daily Paul blogger, Michael Nystrom, analyse the appeal and rise of Ron Paul and his ideas.

On why the Ron Paul campaign has been so phenomenally successful - all grassroot led - one commentator encapsulated the essence, thus:

"I almost feel as if he is saying, "You know what? If people want what I'm offering, they'll make it happen."

Bullseye.

Intrinsic to his very campaign approach is the potent message of liberty and self-determination that the people of Western nations are crying out for.

That's what we need in the UK.

The man is simply outstanding in intellect, honesty, integrity, passion, dedication, compassion and consistency.

If anyone can solve America's financial problems, he can.

Ron Paul for President, 2012, liberty and justice willing!




The 'mainstream' media ignores him, of course.