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Posts tagged ‘European Union’

Arab Spring and the Beasts of Globalization


Arab Spring and the Beasts of Globalization

Arab Spring and the Beasts of Globalization

The present foreign policies of the USA and European Union are based on a simple rule. It is that “the enemy of my enemy is my friend”.

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Nationalism is the enemy of Globalization; also, Nationalism is the enemy of Islamism. Therefore, Globalization is using Islamism to destroy Nationalism in Libya; Egypt; Syria; Palestine; Somalia; Nigeria; Mali; and the rest of Africa and the Middle East.

US Military; Intelligence; and Administrations are # 1 Terrorists


US Military, Intelligence, and Administrations are # 1 Terrorists

US Military, Intelligence, and Administrations are # 1 Terrorists

US Unified Combatant Commands map

US Unified Combatant Commands map

It needs NO deep thinking to know that the USA “War Against Terrorism” is actually the very “Terrorism” that they had invented and fooled the world with it.

  1. Why the USA invaded Iraq and stayed there?
  2. Why the USA bombed Libya and turned this small prosperous nation into tribal militias?
  3. Why the USA assisted in creating a fake “Arab Spring”?
  4. Why the USA is silent about non-democratic Gulf Arab sheikhdoms?
  5. Why the USA is vehemently hostile against Syria and Iran?
  6. Why the USA is keeping large and dangerous presence in south Asia?
  7. Why the USA is using the NATO for indirect military interventions in Asia?
  8. Why the USA is insistent on maintaining military presence in Africa (AFRICOM) despite strong objections?
  9. Why the USA has a staggering military and intelligence budget?
  10. Why the USA controls the UN?

The “War Against Terrorism” is a secret agenda to create terrorism. It must have included the following polices:

  1. To become the # 1 supplier of light and heavy weapons and explosives.
  2. To increase the already strong historic relationships between international secret societies and Islamic organizations.
  3. To destabilize and topple nationalist Arab governments with the help of Islamists and Gulf Arab sheikhdoms.
  4. To strengthen the alliance with Turkey and its killer secret societies.
  5. To provide indirect and direct military, intelligence, and financial support for militant religious and ethnic groups in Africa and Asia.
  6. To engineer and direct regime-change in African and Arab countries.
  7. To wage an undeclared war and carnage against Shia’t Muslims and create bloody conflicts between Shia’t and Sunni Islam.

Slain US Ambassador to Libya Chris Stevens and EU Nobel Prize


About Slain Ambassador to Libya Chris Stevens and EU Nobel Prize

Major-General Charles George Gordon (28 January 1833 – 26 January 1885) by Freres

It is really getting ever-increasing strong believe that the world is governed by global gangsters.

The U.S. Ambassador to Libya Chris Stevens was killed or assassinated just like Major-General Charles George Gordon (28 January 1833 – 26 January 1885) in 1885 in Sudan. Both were deliberately left on their own because their English and American administrations wanted them to be eliminated without getting blood on their hands.

Awarding the Nobel Peace Prize to the EU reminds me of another absurd event, that is giving it to Obama immediately at the beginning of his bloody first term. The EU is an evil plan and it is not about any good values. No one shall be surprised if the next Laurent winner is Germany or Angela Merkel. Other future candidates must include the WB, the IMF; and a bunch of big fat fraudulent  banks.

As it was described by Czech President Vaclav Klaus on Friday who said the Nobel Peace Prize awarded to the European Union was a “tragic mistake“, AFP reported.
“I really thought it was a hoax, a joke. I couldn’t imagine even in a dream that someone could be serious about it,” added Klaus, quoted by the CTK news agency.
The Nobel Committee announced Friday it had awarded its annual peace prize to the EU which had transformed a continent ravaged by war into one of peace.
Klaus also slammed the prize being awarded to an institution, saying it made sense if awarded to “a specifically defined personality for a certain unique achievement.

“Freedom and democracy are shivering in the corner similar to the way it was in the regimes we experienced in the 20th century in Europe,” he said.
“It is an empty prize if given to an institution, moreover a bureaucratic one in this case. I don’t know if anyone will dare to actually receive it,” said the 71-year-old, whose second and last term as president expires in March 2013.
The Czech Republic, an ex-communist country of 10.5 million, joined the EU in 2004 but has not yet joined the debt-ravaged EuroZone.

Petr Hajek, deputy head of the office of Czech President Vaclav Klaus, who once supported the EU but has since turned against it, said the EU lacked “democratic legitimacy” and was contributing to “animosity among nations”.

Once Again It Is All About Lebensraum and not Europe


Once Again It Is All About Lebensraum and not Europe

Once Again It Is All About Lebensraum and not Europe

 

Important Note from the writer of this post:

My opinion here was my believe at the time of writing it. But now it is totally different and the opposite. It took a lot of reading and analysis to discover that the Nazi were protecting Germany and Europe from the Turkic Jewish Khazar. But I still believed that the EU is an evil plan and Germany is now under the control of their enemy. I apologies to all true Germans.

I preferred not to delete this post but to add to it to explain how I was totally wrong and deceived by the main Jewish media. My latest posts express my present corrected convictions.

I am deeply sorry to write this rude and wrong post.

[Few German politicians are trying to make another big leap. This time not by their military or by aggression but rather by tricky globalist financiers and bankesters and some EU bureaucrats and politicians. They are trying to achieve Hitler’s dream of “Lebensraum”

France; Italy and Spain are making very grave mistakes by allowing Germany to design the EU and convert it into a superstate under German financial control. (A Federal Europe of federal member states!! they must be fooling Europeans).

The only difference this time is that Germany is not looking East but rather in all directions!
France; Italy and Spain will regret their shortsightedness sooner than later.

(Lebensraum (German for “habitat” or literally “living space”) was one of the major genocidal political goals of Adolf Hitler, and an important component of Nazi ideology. It served as the motivation for the expansionist policies of Nazi Germany, aiming to provide extra space for the growth of the German population, for a Greater Germany. In Hitler’s book Mein Kampf, he detailed his belief that the German people needed Lebensraum (“living space”, i.e. land and raw materials), and that it should be found in Eastern Europe. It was the stated policy of the Nazis to kill, deport, or enslave the Polish, Ukrainian, Russian, and other Slavic populations, whom they considered inferior, and to repopulate the land with Germanic people. The entire urban population was to be exterminated by starvation, thus creating an agricultural surplus to feed Germany and allowing their replacement by a German upper class).]

National and Correct Policy of Privatization


National and Correct Policy of Privatization

National and Correct Policy of Privatization

The objectives of privatization policy in African countries and in all developing and developed countries should not include the attraction of foreign direct investments.

Governments must build all sorts of services; businesses; and industries not to keep them under their control or management but rather to sell them to the public in shares. This way private ownership can be served.

Governments should own no business simply because they own no wealth. It is the people who should own the national wealth and every thing including the government itself. But governments  and private foreign companies must create all sorts of businesses and transfer their ownership to the citizens.

This is more national and the correct interpretation of privatization. Selling big businesses to foreign investors is not privatization but it is  in most cases treason and exploitation.

Earth Is a Better Place Without the Super-rich


Earth Is a Better Place Without the Super-rich

Earth Is a Better Place Without the Super-rich

Peace and justice would be better once the World has no super-rich. They are dangerous liabilities and very few of them are useful assets.

Earth Is a Better Place Without the Superrich

Earth Is a Better Place Without the Super rich

Excessive poverty, wars, and crimes inflicted on billions of miserable humans are the direct results of the incredible greed and cruelty of just few hundreds super-rich.

Earth Is a Better Place Without the Super-rich 3

Earth Is a Better Place Without the Super-rich

Rich Countries Are Draining Poor Countries from Human Resources


Rich Countries Are Draining Poor Countries from Human Resources

Rich Countries Are Draining Poor Countries from Human Resources

The privileged elite populations in rich countries are getting older, numerous and richer. That is good for them. But they are faced with chronic shortage of labor for nursing the elderly; and the increasing number of young elite. So these countries needs a lot of nannies; maids; and babysitters. They also need a lot more labor for menial work and to fill rejected jobs and for entertainment.

Importing ready-made grown up labor and workers from Asia; Africa and South America creates many problems; and they are disgusting or at least unsuitable to fit nicely with their new rich masters. So what is the solution?; asked the immigration officials.

The final plan is to import already-made cute young labor below the age of , say, 10 years with their  biological parents. The use of these useless parents is to act as nannies and labors for the growing nannies and labor of the future and to produce more babies. The new young imported population will take care and serve the rich in the future in more acceptable ways after being well adapted and trained. Plus all together they are good for the markets as consumers or as commodities.

Rich countries are draining poor countries from their best human resources just to create classes of servants for their spoiled filthy rich regardless of causing deeper poverty and wider development gap with already poor and underdeveloped countries.
This is not the ugly criminal human trafficking or modern slavery. It is nice official human trafficking and official modern slavery. Universal Human Rights do not prevent the rich from being tricky and use clever ways.

Employment; citizenship; and immigration laws in the USA; Canada; Europe; and Australia must be reformed; and they must be scrutinized continuously by international organizations with greater influence from the developing and underdeveloped countries.

The Rich are nice Not for You Stupid Immigrant! It Is for the Kids


They are nice Not for You Stupid Immigrant

They are nice Not for You Stupid Immigrant

The privileged elite populations in rich countries are getting older, numerous and richer. That is good for them. But they are faced with chronic shortage of labor for nursing the elderly; and the increasing number of young elite. So these countries needs a lot of nannies; maids; and babysitters. They also need a lot more labor for menial work and to fill rejected jobs and for entertainment.

Importing ready-made grown up labor and workers from Asia; Africa and South America creates many problems; and they are disgusting or at least unsuitable to fit nicely with their new rich masters. So what is the solution?; asked the immigration officials.

The final plan is to import already-made cute young labor below the age of , say, 10 years with their  biological parents. The use of these useless parents is to act as nannies and labors for the growing nannies and labor of the future and produce more babies. The new young imported population will take care and serve the rich in the future in more acceptable ways after being well adapted and trained.

Rich countries are draining poor countries from their best human resources just to create classes of servants for their spoiled filthy rich regardless of causing deeper poverty and wider development gap with already poor and underdeveloped countries.
This is not the ugly criminal human trafficking or modern slavery. It is nice official human trafficking and official modern slavery. Universal Human Rights do not prevent the rich from being tricky and use clever ways.

Globalist Infiltration: Obama, Israel and the Muslim Brotherhood


Obama, Israel and the Muslim Brotherhood

Globalist Infiltration

by Susanne Posel
Occupy Corporatism
July 20, 2012

The Source: The Globalist Infiltration: Obama, Israel and the Muslim Brotherhood

The global Elite’s puppets are beginning to show their true alliances and rat out each other in an obvious move to find some sort of false sense of security.

Congresswoman Michele Bachmann recently accused Huma Abedin, aide to Hillary Clinton US Secretary of State, as being an infiltrated spy for the Muslim Brotherhood (MB). Bachmann says that the US government has been compromised by the MB and Abedin is working for “America’s demise”.

Bachmann pointed out that Abedin has “routine access to [Clinton] and policymaking.”

While her peers have been denouncing her claims, Bachmann asserts that her investigations into federal agencies has turned up conclusions that there is an obvious influence over intelligence operations with regard to foreign policy by the MB within the US government.

Abedin, who is of Pakistani decent, is married to House Representative Anthony Weiner who is Jewish. Weiner is a self-proclaimed Zionist , as he proudly stated: “Support for Israel was always a very big focus in my household growing up. I am a Zionist.”

Weiner has aligned himself with Morton Klien, president of the Zionist Organization of America (ZOA) and has continuously pushed pro-Israeli agendas on Capitol Hill while demanding that the US military assist Israel in fighting against any other Middle Eastern nation that is named as an enemy.

Both The US State Department and Senator John McCain are outraged by Bachmann’s comments; McCain calling the Congresswoman “specious and degrading” while the USSD stated the remarks were “vicious and disgusting lies.”

McCain is a member of the board of directors of the Soros funded International Republican Institute (IRI) which uses coercion of foreign governments to promote “US interests”. They strategically intercede with political agendas to ensure that other nations preform as the globalists would want them to and aid civil society in those nations to guarantee “good governance”.

McCain defended Adebin on a personal level, stating she is “hardworking and loyal servant of our country and our government. These attacks on Huma have no logic, no basis and no merit. They need to stop now.”

Bachmann, believing that there is an influential Islamic element in the US government, has written requests for information in the MB. This “deep penetration” into the US government was addressed in Bachmann’s speech at the Washington summit of Christians United for Israel , a pro-Zionist group masquerading as an evangelical support for Israel. Bachmann spoke to the audience about the ties between Obama and the Muslim Brotherhood.

In April of this year, after Obama announced that the “war on terror is over” he inserted that his administration is working in tandem with the MB , who has been integral in the recent Middle Eastern uprisings. Placing Morsi into power in Egypt was a strategic move that the US has been known for; helping dictators like Saddam Hussein, Fidel Castro, and others get into positions where their actions can support the US/Israeli agenda to control the Middle Easter region.

In celebration of the elections, Obama gave the MB $1.5 billion in foreign aid to the MB. Having a terrorist group in control of this prominent Arab nation is a big coup for the Obama administration. This bribe is obviously a clear indicator that the MB will do the bidding of the US covertly, while appearing to be against the US government on the surface.

The Center for Security Policy (CSP) comes into play as a Washington, DC globalist think-tank that promotes “peace through strength”. CSP believes that “military might and a belief in America’s national power must be preserved and properly used . . . [as] a unique global role in maintaining peace and stability.”

In translation: America is the ultimate military might, policing the world for the sake of supporting peace. How this oxymoron became a credo is suspect.

The CSP strategically works with the USSD, although they claim to be a non-profit and non-specifically affiliated with a political agenda. They force governments to:

  • Choose between supporting terrorism or their critical partnerships
  • Coerce corporations to invest in (approved by the USSD) designated non-terrorist groups
  • Advocate more military defense and nuclear weapons development for the sake of US by participating in UN arms control treaties
  • Develop the War of Ideas Project that interjects propaganda that supports international relations and control into policymakers and defines who is an adversary
  • Develop the Islamist Project aimed at singling out their predefined radical Islamic groups as terrorists, then creating fear-mongering around their new Boogeyman
  • Develop Security and Democracy in Asia Project that promotes the unsubstantiated claims by the CSP that geopolitical control must be obtained in the Asian nations at all costs.

Clinton, who stated publicly that she perceives Israel to be the 51st American state is focusing her talks with the Israeli government on the MB Morsi presidency in Egypt and the Palestinian “problem” that Israel faces.

Previously both Ari Fleischer, President George W. Bush’s former spokesman, and Matthew Brooks, the executive director of the Republican Jewish Coalition (RJC), were involved in recent pro-Israeli events to gain American support for the Zionist movement. Fleischer asserts about presidential candidate Romney: “I don’t want to have a president where we have to wonder does he or does he not have Israel’s back. The choice is between pushing Israel around as President Obama has done, and Governor Romney, who will stand strong by Israel’s side.”

Obama has made his stance on Israel known well with his push for HR 4133 where he gives the Israeli government:

  • Full backing of US military for endeavors of Israel against her enemies
  • Unlimited funds from the Federal Reserve Bank
  • Special training and intelligence to assist Israel government in defeating their adversaries

Within the Israeli government, there have been drastic changes to the internal laws of the nation to provide for a concerted Zionist approach. This fact was causational in the decision of Israeli Prime Minister Benjamin Netanyahu’s coalition partner, Kadima, to leave the allied partnership.

The marriage of Israeli agendas in the Middle East to the military might of the US government is playing out as plans are being enacted against Syria and ultimately Iran in a move toward WW III.

In November, Israel and the US plan to hold a joint military training session in October of this year. Included will be military drills of thousands of soldiers and advanced anti-missile defense systems exercises. It appears to be coincidental that these “war games” will take place just prior to presidential elections in the US.

The two nations, who have become closer over the recent months, are planning to deal with Iran and Syria with as much aggression as they see fit.

A few military analysts have dubbed the drills a “dress rehearsal”, mocking the severity of Obama and Netanyahu’s campaign. Amidst the UN and US sanctions against the two Middle Eastern nations, there is a clear threat of military strike that would serve both the US and Israeli interests.

The preparations for an attack on Iran is being downplayed by the UN while the international community is escalating their claims that Iran’s supposed nuclear endeavors are a violation of treaties; as well as the Iranian government’s failure to properly cooperate with UN inspectors.

Bachmann, who is a supporter of CUFI and the Zionist movement, is preforming a part in the theater of psychological operations. The MB, who are poised to replace al-Qaeda as the next Islamic extremist group and Boogeyman for the American public to fear, are controlled by the Obama administration as part of their adherence to the Israeli/Zionist agenda. This fact validates Bachmann’s assertions that the US government has been infiltrated by a foreign entity. Yet the infiltration was purposefully enacted to the benefit of the global Elite in their march toward global governance by way of elimination of all sovereign nations.

[This article is also posted on Global Research, on July 20, 2012]

Global Research Articles by Susanne Posel

Anglo-Saxon Economy Is Most Dangerous Threat for World Peace


Britain peoples and Anglo-Saxons

Britain peoples and Anglo-Saxons

In a recent article titled “The World Versus the USA; Britain; Israel; and Germany (BIGS)” I wrote: [It seems more likely that the Third World War WWIII will be a triggered sooner than expected and at any time between the major financial capitals against the rest of the World or the other way around.]
To understand the bonds within the BIGS group (Britain; Israel; Germany; and the USA) we must understand three very relevant terms: 1- The Anglo-Saxons; 2- The Anglo-Saxon economy; And 3- The banking system (Why Israel is the major member in this axis? )

The term Anglo-Saxon is used by some historians to designate the Germanic tribes who invaded and settled the south and east of Britain beginning in the early 5th century and the period from their creation of the English nation up to the Norman conquest. The Anglo-Saxon era denotes the period of English history between about 550 and 1066. The term is also used for the language, now known as Old English, that was spoken and written by the Anglo-Saxons and their descendants in England (and part of southeastern Scotland) between at least the mid-5th century and the mid-12th century.

The Benedictine monk Bede, writing in the early 8th century, identified the English as the descendants of three Germanic tribes:
the Angles, who may have come from Angeln (in modern Germany): Bede wrote that their whole nation came to Britain,[5] leaving their former land empty. The name England (Old English: Engla land or Ængla land) originates from this tribe;
the Saxons, from Lower Saxony (in modern Germany; German: Niedersachsen) and the Low Countries;
the Jutes, possibly from the Jutland peninsula (in modern Denmark; Danish: Jylland).
Their language, Old English, which derived from Ingvaeonic West Germanic dialects, transformed into Middle English from the 11th century. Old English was divided into four main dialects: West Saxon, Mercian, Northumbrian and Kentish.

Germanic languages

Germanic languages

An Anglo-Saxon economy or Anglo-Saxon capitalism (so-called because it is supposedly practiced in English-speaking countries such as the United Kingdom, the United States, Canada, New Zealand, Australia and Ireland ) is a capitalist macroeconomic model in which levels of regulation and taxes are low, and government provides relatively fewer services.

Proponents of the term Anglo-Saxon economy state that Anglo-Saxon economies are more “liberal” and free-market-oriented than other capitalist economies. However, those who disagree with the use of the term claim that the economies of the Anglosphere differ as much from each other as they do from continental European economies.

Differences between Anglo-Saxon economies are illustrated by taxation and the welfare state. The UK has a significantly higher level of taxation than the US. Moreover, the UK spends far more than the US on the welfare state as a percentage of GDP and also spends more than Spain, Portugal, or the Netherlands, all of which are in mainland Europe. This spending figure is however still considerably lower than that of France or Germany.

Most countries on continental Europe (such as France, Italy and Germany) possess a macroeconomic model called continental capitalism (also called Rhine or Rhenan capitalism). Yet some see Spain and also the newer members of the EU as (non-English-speaking) examples of “Anglo-Saxon” economies. The debate amongst economists as to which economic model is better, circles around perspectives involving poverty, job insecurity, social services, and inequality. Generally speaking, their advocates argue that more liberalised economies produce greater overall prosperity, while defenders of continental models counter that they produce lesser inequality and lesser poverty at the lowest margins.

The Banking System at the Root of the “EU” Crisis

Lydia Prieg, a senior finance researcher at the New Economics Foundation, wrote:

[ The eurozone crisis is once again dominating the headlines following the €100 billion bailout of Spain’s banking system over the weekend. The Spanish crisis perfectly illustrates not the financial irresponsibility of the feckless South – a popular misconception, particularly among the German public – but instead the inherent instability of a financial model, fractional reserve banking, which has been enthusiastically adopted around the globe.

Fractional reserve banking is a system in which the value of all the deposits and savings reportedly ‘held’ in a bank exceeds the value of all the cash actually held in that bank. This is because banks lend out more money than they have in their vaults  — an activity that relies on the assumption that only a small percentage of the public will request their money back at any one time.

While many people are aware of fractional reserve banking, very few realise that it has a critical implication: banks can and do create new money. In fact, approximately 3% of the money in the UK economy is created by the Bank of England and the Royal Mint. The other 97% is created electronically by banks.

As the Deputy Governor of the Bank England puts it: “banks extend credit by creating money”. In other words, banks create new money when they lend, and the amount of money in our economy is therefore very strongly determined by banks’ lending decisions.

If banks lend more, then the amount of money in the economy increases, which can lead to an economic boom. Conversely, if banks stop lending, then the rate at which new money enters the economy slows, and the economy may fall into a recession.

Banks also have direct control over which parts of the economy get this new money.
…………]

The great Eurobanking scam! Episode one zillion and one

This opinion was written by  Maju at his blog on July 18, 2012

[More or less you know the story: European and global banksters get the money from all sources, fix the rates and conditions, and do not even have to run after all that because nobody is after them. Meanwhile the common citizens are being squeezed to the last drop of blood to pay for that scheme.

The Libor and the Euribor (the reference credit rates in the Anglosaxon and mainland European spheres respectively) have been tampered with for many years and there is nobody in jail for it, never mind resigning from their posts as bank heads… it’s almost not even in the news anymore.

The Hong-Kong and Shanghai Banking Corporation (HSBC), a Scottish bank, is found guilty of systematical money-laundering and complicity with global drug-trafficking and what’s the penalty? A petty fine. Euronews calls it “a hefty fine” but it’s peanuts compared with the benefits already made. And what about the jail terms? If the petty drug seller down the street gets years of prison, the bank director who laundered his boss’ dirty money should get at least death by impalement, right? Nope. They don’t even go to court.

The latest is again being unreported: Greek banks are running a Ponzi scheme… but never mind, as Yannis Varoufakis puts it:

In a country where, supposedly, a new conservative, pro-European, ‘sensible’ government was freshly elected on a mandate of bolstering the nation’s credibility (at least in the eyes of Europe), this blatant attempt to bend the rules of bank recapitalisation (by means of a ponzi scheme where one bankrupt bank provides loans to another so that the latter’s ‘owners’ can inject the loans as capital into ‘their’ bank) went spectacularly unnoticed. Workers’ pay is reduced to sub-Saharan levels, hospitals are starved of chemo-drugs, ‘respected’ journalists lambast unionists who are trying to defend the starvation wages of unskilled labour but, when such a scandal directed at misleading the EBA, the ECB, the troika itself, is revealed, SILENCE. And as if that were not enough, the troika itself, the ECB, the EBA, whose will and directions are being usurped, also remain SILENT.

Nothing to see here: the whole financial system is bankrupt but if we ignore the matter it will go away… a thousand years from now… maybe.

Time to sharpen the pitchforks! ]

France rises above economics

Posted by Chris Mahoney on July 21, 2012

[The harsh realities of capitalist economics may matter elsewhere, but not in France. Those laws have been suspended because the socialists have a vision that goes beyond mere economics.

I can think of one reason why the French don’t understand capitalist economics: because it isn’t taught there. The academic discipline of postwar capitalist economics is Anglo-Saxon, not French. In the anglosphere, we are taught about neoclassicism, Keynesianism, monetarism, the Chicago School, and the other attempts to explain the workings of a capitalist economy.

In a French university, “economics” consists of the socialist critique of  capitalist economics*. The postwar French intelligentsia studied, not growth or the business cycle, but how to combine the best parts of capitalism and communism (voila: socialism!). If you go to a bookstore in Paris, you will find thousands of heavy volumes on the defects of capitalism; you won’t find one book that explains modern capitalist economics, except in translation.

When was the last time that a French economist won the Nobel prize? I can’t find any (unless you count expatriates). The Nobel prize in economics goes to the anglophone, not the francophone.

Today, the ruling political party in France is not capitalist, it is socialist. That’s not a blazing insight, but it might explain why France is distinctly uncomfortable with topics such as “competitiveness”, “real wage growth”, “structural rigidities”, “debt ratios”, and “fiscal discipline”. Those are foreign terms that are used to impose the anglosaxon world-view onto France.

I remember when I was a bank analyst in the 1980s, trying to explain credit ratios to European banks. They would deny their applicability to Europe because  credit ratios are “American”. European banks couldn’t be understood using “American ratios”.
I see that today in France. There is a prevailing sentiment that capital markets are an alien concept and a part of the anglosaxon conspiracy. The markets are “harsh” and “unforgiving”, as if there were an another way for a country to borrow trillions of euros.

This much I do know: when France blows up, it will be blamed on capitalism, not socialism.]

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