Posts Tagged ‘Pound’

Free Scotland From Thieves

September 9, 2014

Scotland: Off With Pluto?

For 35 years, increasingly deranged British politicians have been pushing for ever more selfishness, ever more power for money, and their hatred for the Union. In truth, all what they did was to foster increasingly lucrative financial plots based in London, the world’s premier center of the sort of money changing activities which should be destroyed like the Ebola virus.

This is not just about finance: London’s friendliness to plutocrats, that is, all satanic proclivities, have favored the likes of Assad and Putin, bloody dictators who are threatening civilization.

Vade Retro Plutocrats!

Vade Retro Plutocrats!

The British Parliament friendliness to the galaxy of evil orbiting Assad as the black hole he is, undercut the strike France and the USA were preparing against that monster. This, in turn led to a further disintegration of the Middle East into savagery, and incited Putin to invade Eastern Europe with tanks.

Now it’s payback time.

So London feels that the Union is the enemy, and money can solve everything? Then why should Scotland stay in an Union with London, taking orders from that blustering kleptocracy, while seeing its own oil money go south?

Scotland is conducting an independence referendum on September 18. All the enthusiasm is on the side of the independentists, and the polls are tight. Facing them, the high finance supremacists in London have called all their propagandists to present arguments to keep Scotland in chains.

Naturally, the pseudo-progressive Krugman, ultimate weapon of hyper finance, has been rolled out. One can see the hour is grave. For years I have insisted that Krugman, whether he realizes it, or not, is truly a double agent for Wall Street banks (after all, all he proposes is to send more public money to private banks).

Krugman used his New York Times pulpit to hurl disingenuous arguments at a free Scotland. Krugman: “Scots, What’s The Heck? The Very Bad Economics Of Independence” is a new low in anti-European propaganda. Krugman goes all out, using the oldest fascist trick: huge, irrational fear. Says he: “I have a message for the Scots: Be afraid, be very afraid. The risks of going it alone are huge.”

Is there something about Wall Street goons we do not know? because yes, it has everything to do with Wall Street, see below. Then Krugman forgets that Scotland is in Europe, and compares it to… Canada… Before enouncing in passing that “Canada pays a price for its independence”. This astounding Freudian slip reveals that, in Krugman’s mind, to be free means to be enslaved to New York banks. Canada should do like Krugman, be dependent upon Wall Street, and be paid that way. This is what Krugman’s liberal conscience says.

I will presently demolish Krugman’s false ideas, while exposing his crass ignorance. I will not bother to repeat Krugman’s unhinged disinformation: that would give it some consideration, and be confusing, as it deserves none. Instead, I will tell the truth. Raw.

(To be fully honest, Krugman published (part of) my critique; as usual the Times censors did their best to attenuate it, with various behind the scenes tricks.)

Krugman makes the argument that Scotland could not share the Pound with the rump UK, that it would be disaster. His reasoning is a piece of Wall Street banks’ religion. Wall Street propagandists identify the 2008 crisis with a “Euro crisis”. Naturlich, there was not such a thing, not anymore than there was a Jewish crisis when Hitler came to power. Hitler had a crisis, not the Jews. Similarly the banks have a crisis, not the Euro.

Indeed, since 2008 there is a crisis of the giant banks, or, more generally, of the fractional reserve system, and it’s part of the Plutocratic take-over.

But the Euro has little, if anything, to do with it. Actually the Euro spared the European countries from a devastating devaluation, and destruction by the rampaging banks and their associated politicians, judges, and the rest of the oligarchies. Corrupt them all.

For an inkling of the imaginable scale of corruption, watch Brazil: an ex-director of Petrobras, the Brazilian fossil fuel companies, risking 30 years in jail, is admitting that dozens of top politicians and lawmakers were paid 3% on all contracts for a ten year period, under presidents Lula and Roussef.

The Euro was a savior, and not a destructor, contrarily to what Krugman says. So why is Krugman insisting it’s a terrible thing? Moreover Scotland ought not, and will not, share the Pound, after a transition period. However, that’s not a problem. Why?

In the long run, the Pound is NOT supposed to exist. The Pound is just an ephemeral currency doomed to vanish (and not because it went down 10% in the last few days).

Disappearing the Pound is what the Brits signed on, when they got into the European Union. That they don’t understand this is a testimony to a lack of reading skills: it’s written black on white in the European Constitution.

OK, Britain does not have a written Constitution, so maybe the politicos there are not used to read such a document?

ALL EU countries are supposed to adopt the Euro. So Krugman’s whining is entirely inapplicable, and just demonstrates his gross ignorance of the EU Constitution (a few countries are provisionally allowed to go on with their own currency, or just peg themselves to the Euro, as Denmark does).

Obviously Scotland could go, and will go with the Pound for a while, as it is the present Scottish currency: London does not own the Pound exclusively.

Then discard the Pound Scotland will, like the old paper it is. As it is what the European Constitution says.

The United Kingdom Nuclear Strategic submarines are supposed to get out of Scotland by 2020 (that’s part of the framework proposed by the Scottish Independence Party).

That gives plenty of time for Scotland to elaborate a currency, and peg it to the Euro. Easy as pie. Many countries do this, including Switzerland.

Contrary to what ignorant American propagandists such as Krugman assert, the NCBs, the National Central Banks, print Euros. And guess what? They can also “print” as many Euros as they want.

Krugman always makes a big deal that Spain could not print as many Euros as Britain could print Pounds. That Spain decided not to do so, was a Spanish, not European decision. As it turned out, it was not needed. In recent months, Spanish long bonds were viewed as more valuable than long bonds from the USA.

So Krugman’s screaming against the Euro falls flat on his face. I guess it hurts, so he is screaming louder than ever.

The Euro is a major currency: more than half a billion people are either in the Eurozone, or enjoy a currency pegged to the Euro. That’s a more direct empire than the Dollar of the USA itself enjoys. As more and more countries stock up on Euros, the possibility of a world trade system shunning the Dollar keeps on increasing.

Keynes, Krugman’s hero, would have been very happy about this. Keynes had been tricked at Bretton Woods, in 1944: to make the Dollar into the world’s reserve currency, the USA forged false documents which the foreign delegations signed unwittingly.

Keynes knew that the Americans made it so to impose their currency to the world, as a cheap way to hardwire their supremacy. So here we are, and Krugman is one of the many attack dogs against the Euro.

It’s natural that people who depend upon Wall Street (as Princeton professors) do not like the Euro: the stronger financial Europe gets, the weaker Wall Street and its conspiracies.

There London comes in as a crucial part in the world plutocratic machine. Many of the financial practices In London are unlawful in Paris, Frankfurt, but also… New York. That’s why the branch of AIG, the AMERICAN International Group, whose dramatic derivatives trading crashed the world in 2008, was based in London, not New York. What they were doing in London would have been unlawful in New York.

So the plutocrats hates the Scottish Independence movement. Scottish independence would clearly weaken London (it would lose access to Scottish oil and gas, to start with; the British nuclear submarines would have to ask… France for hospitality: the British nuclear deterrent is exclusively based in Scottish fjords).

That den of crooks known as London would receive a huge blow to its prestige if Scotland . All the more as Northern Ireland and Wales may well follow. One may ask why the rump UK deserves a permanent UN Security Council seat, while its nuclear sub sulk in Britany’s Brest (that would be the second time the British Navy would flee to Britany in 15 centuries!).

Krugman’s objection to Scottish Independence is not the only fraudulent scheme the higher plutocratic circle have devised against those who don’t want to spend their lives on their knees, adoring “The City” of London.

Higher European circles are vassals of Wall Street (which gives them juicy jobs and contracts in return). Accordingly, just like an unreal Krugman barks against Scotland, pro-Wall Street Eurocrats loudly bellow that Scotland’s membership in the EU will not happen. That’s how mad and corrupt some Eurocrats have become.

They can say whatever. Decisions in the EU are taken by the governments of the nation-states, also known as the Paris-Berlin axis. (It’s fashionable to say all decisions are taken in Berlin, but that’s just a carefully maintained illusion.)

Thanks to those nuclear subs, and many other messy aspects of a divorce, I am sure that Scotland’s government will persuade London that it is in its best interest to help Scotland become a member of the EU.

The European Union, as I have said many times, just as the SDN (now known as the United Nations) is, fundamentally, a French idea. The reason that France gets this sort of ideas is that France was always the center, being at the center (and that’s actually why the Franks, originally German, went down there to start an empire). Nothing new, just a question of geography, it was already true in Neanderthal times: the three main trans-European routes between the Mediterranean and the Northern Seas go through France.

So the real question about Scotland becoming instantaneously the 29th European Union member boils down to the opinion of the French elite. And what’s the important fact here? Before it got united with England, Scotland was united with France. France, thus the EU, will be delighted to welcome Scotland back.

The vicious clowns in London have, ever since the Iron Lady left the scene, become ever more irrationally anti-European. In particular, London refused to join Schengen, the passport free union between the countries at the core of Europe.

Just as it would be highly inconvenient to propagandist Krugman to change currencies when he goes from Manhattan (when he is finished talking on TV) back to Princeton, it would be also inconvenient that he would have his passport scrutinized. Yet, although downtown Paris and downtown London are only two hours of train ride apart, the arrogant servants of Mammon in London force what they call “subjects” to change currency and have their passports inspected.

Full European citizens do not have to do so, as they switch between their countries of Spain, France, Italy, Germany, etc. Notice that Switzerland and Norway are also in the Schengen Area (no passport controls).

London is welcoming to Russian plutocrats, not to vulgar Europeans.

Out of 59 Scottish MP, only one is a so called “Conservative” (the word “Conservative” is misleading: they would sell their mother, if they could make a buck that way; actually they are more like anti-civilizational revolutionaries). There are more pandas in Scotland, the joke goes, than conservatives. Thus Scotland has already divorced herself from the mad financial piracy in London and its obsequious sycophants.

It’s high time to separate Scotland formally from the organized financial criminality in London to show the world inhuman plutocracy is not omnipotent, and can be rejected. The time is past due. London and its 100 tax havens can go to hell, to conspire further with Putin and Assad, among the flames, smoke, and mirrors. Hopefully the gross and pathetic lies of Wall Street servants with ready access to Big Brother propaganda will not change this.

Let Wall Street’s devoted cockroaches roar in vain. Free Scotland! Vote Yes!

Patrice Ayme’

More Europhobic Madness.

July 6, 2013

Krugman talking in “Rationality and the Euro: Gordon Brown… concluded that the case for euro membership was not good. And boy, was that a good call…there’s no comparison between British woes and those of other European nations that had large capital inflows and housing booms… it’s also largely because of a point that was perfectly well understood in 2003 and has been confirmed by experience: “internal devaluation”, reducing relative prices with a fixed exchange rate, is really hard compared with just devaluing your currency. Here are BIS estimates of the Spanish and UK real exchange rates, 1999-01 = 100:

British Worth Collapsing, Krugman Happy

British Worth Collapsing, Krugman Happy

Krugman: “Notice how Britain effortlessly achieved a real depreciation that, if it’s possible at all, will take years and years of mass unemployment in Spain.”

So let’s repeat slowly to expose the prestigious professor’s reasoning. Suppose a Spaniard and a Brit started in January 1999 with a total worth of 300,000 Euros. Now the Brit is worth 225,000 Euros, and the Spaniard 330,000 Euros (I adjusted to the latest value Euro/Pound). How did they get there? The Brit worked very hard, and the Spaniard, less.

So Krugman’s logic is this: work hard, and get poor effortlessly: good. Work less, and, however your efforts, get richer: bad.

Europhobes insist that getting poorer, from currency devaluation is good. We just saw it’s not good for one’s wealth. Is it good for GDP? Can one devaluate oneself to prosperity? Krugman loves to claim that this is relatively easy. So how come the British GDP is doing so badly?

UK GDP Doing Worse Than In 1930s, So What Is Krugman Talking About?

UK GDP Doing Worse Than In 1930s, So What Is Krugman Talking About?

Krugman: “an actual rational decision process is all too rare — perhaps especially when it comes to the euro. Talk to euro advocates and they cannot entertain, even as a hypothetical proposition, the notion that the single currency was a bad idea; I came away from one talk with the clear message that the euro cannot fail, it can only be failed, that any problems simply show that countries and leaders lack sufficient nobility of purpose.

And despite the overwhelming evidence that the euro was an even worse idea than it appeared 10 years ago, countries — notably Poland — are still considering joining. I understand that leaving the euro is a very difficult thing to contemplate; but getting in now, when you had the great good luck to avoid this mess? Awesome.”

Krugman knows not enough: countries are supposed, by treaty, to join the Euro. Also, although he and fellow Europhobes present the process of the UK not being in the Euro as a rational process, it was anything but. It was a plutocratic process. So what Krugman is saying is that plutocratic behavior is rational. Just as the croc devouring the child, I guess.

Indeed a plutocrat, Soros, made a billion dollars by forcing Britain out of the European Monetary Union. Soros did so, thanks to his corrupt accomplices in the British government. 

So, what Krugman is saying is that gangsters conspiring to steal We The People is rational, “awesome“.

What’s even more awesome is that Krugman keeps on missing the purpose of the Euro, loud and clear. Economics ought to be slave to politics. And, not vice versa, as is the case in the USA. Vice versa, like in “vice”: in the USA nobody object to seeing the so called “president” spend much of his time begging for money from his rich “friends”. (Sponsors, or “friends”?)

Europhobes keep telling Europeans that they should not have a country, but dozens, with dozens of currencies. Try moving around New England, while using several local currencies. That would have a very heavy economic cost. Maybe europhobes want Europeans to be enslaved to what president Roosevelt called, with contempt, the “money changers“?

Krugman’s entire case against the Euro, officially speaking, is that, the poorer the People is, the better it is for the People. Is it not the truth that plutocrats hold as self evident? So europhobes see the worth of the British collapsing with their British Pound, and they say that British devaluation is very good.

Europhobes see Britain doing worse than in the 1930s, and tell us that the Euro is very bad, because PM Brown was so good? 

What about logic 101? Is that bad too? Is dereason rational, and rationality illogical? 

The anti-Euro obsession allows to focus on what is not the real crisis. Spain, for example had a mis-investment crisis, that led to all sorts of imbalances. In any case, the fundamental reason for the present crisis was a political-banking corruption mix… That has nothing to do with the Euro. For example politicos from around Valencia are in jail, just for that reason.

But the banksters have not been prosecuted enough. And why so? Because, in part, all too many pundits make a profession from barking at the foot of the wrong trees. Corruption starts with greed, it ends up with rotten minds who cannot tell reason from hatred, or madness.

It could get worse; plutocrats and plutophiles could, like the Muslim Brotherhood, make madness and hatred into a religion… They have, many times before, in all lands. Then they, and their ilk, could hold power for 13 centuries, as the superstition called “Submission” did in Egypt. Way out? In Egypt, as in Europe? Force. Mental force, and, if that’s not enough, physical force. So the Euro is force, just as the Egyptian army is force.

Sometimes nothing short of force will get things to move, in the right direction! The whole idea of the Euro was to FORCE European Unification further. And this is exactly what is happening, in combination with solving the banking crisis.

***

Patrice Ayme