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Europe on the brink of collapse?

Originally published: Journal NEO (New Eastern Outlook) on January 16, 2019 by Peter Koenig (more by Journal NEO (New Eastern Outlook))  | (Posted Jan 22, 2019)

The Empire’s European castle of vassals is crumbling. Right in front of our eyes. But Nobody seems to see it. The European Union (EU), the conglomerate of vassals–Trump calls them irrelevant, and he doesn’t care what they think about him, they deserve to be collapsing. They, the ‘vassalic’ EU, a group of 28 countries, some 500 million people, with a combined economy of a projected 19 trillion U.S.-dollar equivalent, about the same as the U.S., have submitted themselves to the dictate of Washington in just about every important aspect of life.

The EU has accepted on orders by Washington to sanction Russia, Venezuela, Iran–and a myriad of countries that have never done any harm to any of the 28 EU member states. The EU has accepted the humiliation of military impositions by NATO–threating Russia and China with ever more and ever more advancing military basis towards Moscow and Beijing, to the point that Brussels’ foreign policy is basically led by NATO.

It was clear from the very get-go that the U.S. sanctions regime imposed on Russia and all the countries refusing to submit to the whims and rules of Washington, directly and via the EU, was hurting the EU economically far more than Russia. This is specifically true for some of the southern European countries, whose economy depended more on trading with Russia and Eurasia than it did for other EU countries.

The ‘sanctions’ disaster really hit the fan, when Trump unilaterally decided to abrogate the “Nuclear Deal” with Iran and reimpose heavy sanctions on Iran and on “everybody who would do business with Iran”. European hydrocarbon giants started losing business. That’s when Brussels, led by Germany started mumbling that they would not follow the U.S. and–even–that they would back European corporations, mainly hydrocarbon giants, sticking to their contractual arrangements they had with Iran.

Too late. European business had lost all confidence in Brussels EU Administration’s feeble and generally untrustworthy words. Many breached their longstanding and, after the Nuclear Deal, renewed contracts with Iran, out of fear of punishment by Washington and lack of trust in Brussel’s protection. Case in point is the French-British petrol giant, Total, which shifted its supply source from Iran to Russia–no, not to the US, as was of course, Washington’s intent. The damage is done. The vassals are committing slow suicide.

The people have had it. More than half of the European population wants to get out of the fangs from Brussels. But nobody asks them, nor listens to them–and that in the so-called heartland of ‘democracy’ (sic). That’s why people are now up in arms and protesting everywhere–in one way or another in Germany, France, the UK, Belgium, the Netherlands, Italy, Hungary, Poland–the list is almost endless. And it can be called generically the ‘Yellow Vests”, after the new French revolution.

The latest in a series of the U.S. attacking Germany and German business–and German integrity, for that matter–are the U.S. Ambassador’s, Richard Grenell, recent threats to German corporations with sanctions if they work on Nord Stream 2, the 1,200 km pipeline bringing Russian gas to Europe, to be completed by the end of 2019. It will virtually double the capacity of Russian gas supply to Europe. Instead, Washington wants Europe to buy U.S. shale gas and oil, and especially keeping Europe economically and financially in the U.S. orbit, avoiding in any way a detachment from Washington and preventing the obvious and logical–an alliance with Russia. This attempt will fail bitterly, as various German Ministers, including Foreign Minister Heiko Maas, have loudly and with determination protested against such U.S. hegemonic advances. Well, friends, you have bent over backwards to please your Washington Masters for too long. It’s high time to step out of this lock-step of obedience.

In France, this past weekend of 12 / 13 January, the Yellow Vests went into round 9 of protests against dictator Macron, his austerity program and–not least–his abject arrogance vis-à- vis the working class. A recent public statement of Macron’s is testimony of this below-the-belt arrogance: «Trop de français n’ont pas le sens de l’effort, ce qui explique en partie les ’troubles’ que connait le pays»–Translated: “Too many French don’t know the meaning of ‘effort’ which explains at least partially the trouble this country is in.”

The Yellow Vests and a majority of the French population want nothing less than Macron’s resignation. Protesters are consistently and largely under-reported by Christophe Castaner, the French Interior Minister. This past weekend the official figure was 50,000 demonstrators, countrywide, when in reality the figure was at least three times higher. The official French version would like the public at large, inside and outside of France, to believe that the Yellow Vest’s movement is diminishing. It is not. To the contrary, they are demonstrating all over France, and that despite the Macron regime’s increasing violent repression.

RT reports, on Macron’s orders the police are becoming more violent, using military suppression to control protesting French civilians. Thousands have been arrested, and hundreds injured by police brutality. Nevertheless, the movement is gaining massive public support and the ‘Yellow Vests” idea is spreading throughout Europe. This spread is, of course, hardly reported by the mainstream media.

In fact, 80% of the French back the Yellow Vests and their idea of a Citizen Initiated Referendum (RIC for “Référendum d’initiative citoyenne”), under which citizens could propose their own laws that would then be voted on by the general public. The RIC could effectively bypass the French Parliament, and would be enshrined in the French Constitution. A similar law exists since 1848 in Switzerland and is regularly applied by Swiss citizens. It is a way of Direct Democracy that any country calling itself a “democracy” should incorporate in its Constitution.

The UK is in shambles. Thousands are taking to the streets of London, organized by the People’s Assembly Against Austerity”, calling for general elections to replace the failing Tory Government. They are joined by the French Gilets Jaunes (Yellow Vests), out of solidarity. Many of the UK protesters are also wearing high-visibility yellow vests.

This is in direct correlation with the ever-growing louder debacle over BREXIT–yes, or no and how. At this point nobody knows what Britain’s future is going to be. Propaganda and counter-propaganda is destined to further confuse the people and confused people usually want to stick to the ‘status quo’. There is even a movement of pro “remain” propaganda, organized by some members of the European Parliament. Imagine!–Talking about sovereignty, if Brussels cannot even leave the Brits alone decide whether they want to continue under their dictate or not.

Hélas, the Brits are largely divided, but also past the stage of being swayed by foreign propaganda, especially in this delicate question of leaving the EU–which a majority of Brits clearly decided in June 2016. Prime Minister, Theresa May, has screwed-up the BREXIT process royally, to the point where many Brits feel that what she negotiated is worse than “no deal”. This has likely happened in close connivance with the unelected EU ‘leadership’ which does not want the UK to leave and under strict orders from Washington which needs the UK in its crucial role as a U.S. mole in the European Union.

On 15 January 2019, the UK Parliament will vote on whether they accept the negotiated BREXIT conditions, or whether they prefer a ‘no deal’ BREXIT, or will request an extension for further negotiations under Article 50 of the “Treaty of Lisbon” (which was imposed by the heads of state of the 28 members, without any public vote, and is a false stand-in for a EU Constitution). Other options include a general election–and let the new leadership decide; or a second referendum which after two years is legally possible. The latter would likely cause severe public unrest, followed by atrocious police oppression–as already often witnessed in the UK–in which case, let’s just hope civil war can be avoided.

For weeks, the Yellow Vest movement has spread to Belgium and The Netherlands. For similar reasons–public discontent over austerity, EU dictatorship over Belgian and Dutch sovereignty. Last Friday, one of the Belgian Yellow Vests was overrun by a truck and killed. Authorities reported it as an accident.

Greece–The MS-media report all is ‘donkey-dory’, Greece is recovering, has since many years a positive growth rate and is able to refinance herself on the open capital market. Greece is no longer dependent on the irate and infamous troika (European Central Bank–ECB, European Commission and IMF). Reality is completely different, as about two thirds of the Greek population are still hovering around or below the survival level–no access to public health care, affordable medication, public schools–umpteen times reduced pensions, most public assets and services privatized for a pittance. Nothing has fundamentally changed in the last years, at least not for the better. The troika has allowed the Greek to go to the private capital markets–to boost falsely their, the Greek’s, image among the international public at large, basically telling the brainwashed populace, “It worked, we, the troika, did a good job”.

Nothing worked. People are unhappy; more than unhappy, they are indignant. They demonstrated against Angela Merkel’s recent visit to Athens, and their protests were violently oppressed by police forces. What do you expect–this is what has become of Europe, a highly repressive state of spineless vassals.

On Wednesday, 16 January, the Greek Parliament may hold a Vote of Confidence against or for Prime Minister Alexis Tsipras. The official and make-believe reason is supposedly the controversy over the name of Macedonia, which in fact has long been settled. The real reason is the public’s discontent about the continuous and increasing blood-letting by never-ending austerity, sucking the last pennies from the poor. According to Lancet, the renowned British health journal, the Greek suicide rate is soaring. Nobody talks about it.–Will Tsipras survive a possible Vote of Confidence? -If not–early elections?–Who will follow Tsipras?–Don’t be fooled by the term ‘democracy’.–The elite from within and without Greece will not allow any policy changes. That’s when people à la Gilets Jaunes (Yellow Vests) may come in. Civil unrest. Enough is enough.

In Italy the coalition of the 5-Star Movement and the small right-wing brother, Lega Norte, is pulled to the far right by Lega’s Matteo Salvini, Deputy Prime Minister and Interior Minister. Mr. Salvini is clearly calling the shots–and they are firing strongly against Brussels and with good reason, as Brussels is attempting to impose rules on Italy’s budget, while the same rules do not apply equally to all EU member states. For example, Macron, France’s Rothschild implant, has special privileges, as far as budget overrun margins are concerned. Mr. Salvini’s anti-Brussels, anti-EU stance is no secret, and he has a lot of Italians behind him. An Italian Yellow Vest movement cannot be excluded.

The empire’s vassal castle is crumbling–and not even silently.

Then there are the former Soviet satellites, Hungary and Poland, turned right wing–don’t appreciate Brussels meddling with Hungary’s anti-immigration policy and in Poland over a controversial overhaul of the Judiciary system. Never mind whether you agree or not with individual country actions, both cases are clear interferences in these nations’ sovereignty. Though upon the European Court of Justice’s strong warning, Poland indeed blinked and reinstated the judges fired in the judiciary reform process. Poland’s love for NATO, and Brussels use of the NATO leverage, may have played a role in Poland’s reversal of decision. Nevertheless, discontent in Poland as in Hungary among the public at large remains strong. Migration and the Judiciary are just the visible pretexts. The legendary tip of the iceberg. Reality is on a deeper level, much deeper. These countries are both reminded of what they considered the Soviet Union’s handcuffs. “Freedom” is not being dictated by Brussels.

The triad of systematic and willful destabilization and destruction of what we know as the Greater Middle East and western world is what we have to be aware of. The east, mostly Russia and China, is a challenge being tackled simultaneously, impressively for the brainwashed westerner, but rather meekly for those who are informed about Russia’s and China’s military might and intelligence capacity.

This drive of destabilization cum destruction comes in three phases. It started with the Middle East which for the most part has become a hopeless hell-hole, a source of indiscriminate killing by the western allies, say, the emperor’s puppets and mercenaries, resulting in millions killed and in an endless flood of refugees destabilizing Europe–which is the second phase of the triad. It’s in full swing. It happens right in front of our eyes–but we don’t see it.

It’s the Yellow Vests, austerity, increasing inequality, unemployment, social sector’s being milked to zilch by the financial system, popular uprisings’ oppression by police and military forces; it’s reflected by the dismal powerlessness of the people–that leads to “enough is enough” in the streets. That’s the way it’s all wanted. The more chaos the better. People in chaos are easily controlled.

Now comes phase three of the triad–Latin America. It has already started three or four years back. Countries that have struggled for decades to eventually break loose with some form of ‘democracy’ from the fangs of empire, are gradually being subdued with fake elections and ‘internal’ parliamentary coups, back into the emperor’s backyard. The Southern Cone–Argentina, Chile, Brazil, Uruguay, Paraguay–is ‘gone’, except for Bolivia. Peru, Colombia, Ecuador all the way to Guyana are governed by neoliberal, even neonazi-shaded Lords of Washington. But there is still Venezuela, Cuba, Nicaragua and now also Mexico that have not caved in and will not cave in.

In an extraordinary analysis, Thierry Meyssan describes in “The Terrible Forthcoming Destruction of the Caribbean Basin”–how the Pentagon is still pursuing the implementation of the Rumsfeld-Cebrowski plan. This time, aiming at the destruction of the “Caribbean Basin” States. There is no consideration for friends or political enemies, Thierry Meyssan observes. He goes on predicting that after the period of economic destabilization and that of military preparation, the actual operation should begin in the years to come by an attack on Venezuela by Brazil (supported by Israel), Colombia (an ally of the United States) and Guyana (in other words, the United Kingdom). It will be followed by others, beginning with Cuba and Nicaragua, the ‘troika of tyranny’, as per John Bolton.

Only the future will say to what extent this plan will be implemented. At the outset, its ambitions exceed the crumbling empire’s actual capacity.

When it comes all down to one single denominator, it’s the current western financial system that must go. It is private banking gone berserk. We are living in a financial system that has gone wild and running havoc, uncontrolled–a train of endless greed that is loosely speeding ahead and doesn’t know when it will hit an unyielding steel-enforced brick wall–but hit it will. It is a mere question of time. People are sick and tired of being milked no end by a fraudulent pyramid system–constructed by the U.S. and her dollar hegemony and maintained by globalized private banking.

We are living in a private banking system that has nothing to do with economic development, but everything with a greed-driven domination of us, consumers, sold on debt and on money that we don’t control, despite the fact that we earned it with our hard labor; despite the fact that it is our added value to what we call the economy. No–this system is totally disrespectful of the individual, it is even ready to steal our money, if it needs to survive–our banking system. It takes the liberty of “administering” it and basically appropriating it. Once our money is in a private bank, we have lost control over it. And mind you and get it into your brains, private banks do not work for you and me, but for their shareholders. But through hundreds of years of indoctrination, we have become so used to it, that being charged interest for borrowing our own money, through an intermediary who does nothing, absolutely nothing but wait for profit to fall into its lap–has become the ‘normality’.

It isn’t. This system has to be abolished, the faster the better. Private banking needs to be eradicated and replaced by local public banking that works with local currencies, based on local economic output, way removed from globalized concepts that help steal resources, empty local social safety nets–all under the guise of austerity for progress. We should know better by now. There is no austerity for progress–has never been. This fraudulent IMF-World Bank concept has never worked, anywhere.

We have to de-dollarize our money, de-digitize our money and pool it through a public banking system for the purpose of people’s growth, hence a society’s or nation’s growth. There is currently one good example, the Bank of North Dakota. The BND has helped the U.S. State of North Dakota through the 2008 and following years crisis, with economic growth instead of economic decline, with almost full employment, versus skyrocketing unemployment in the rest of the U.S. and the western world. We need to build our common wealth with sovereign money, backed by our sovereign economies.

As the empire and its vassals are crumbling badly, they are shaking in their foundations, it is time to rethink what we have been taking for granted and for ‘normal’–a fraudulent and deceptive monetary system, backed by nothing, no economy, not even gold–we are living on sheer fiat money, made by private banking by a mouse-click–and by letting us be enslaved by debt.

Enough is enough. The Yellow Vests have understood. They want to get rid of their “Macron” who keeps propagating the fraud. It is time to rethink and restart, as the crumbling is getting louder and louder. Empire’s European vassal state is falling apart and will pull Washington and its hegemonic war and money machine along into the abyss.


Peter Koenig is an economist and geopolitical analyst. After working for over 30 years with the World Bank he penned Implosion, an economic thriller, based on his first-hand experience. Exclusively for the online magazine “New Eastern Outlook.

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