Saturday, November 19, 2011

How Can Anyone Be So Crazy

The tempo of the countdown to World War III will be accelerated significantly by the speed with which the trans-Atlantic financial system heads to its imminent disintegration. Just a few weeks ago, the supporters of the endless bailouts threatened that a "haircut" for Greece's debt would mean an existential threat to the world financial system. Since then, there has been a 50% "debt haircut," the most brutal austerity measures have been implemented, and Greece has plunged into a state of permanent destabilization.

The tsunami of insolvency has long since spilled over into Italy, and in the absence of confidence on the part of international investors, the European Financial Stability Facility (EFSF), which is supposed to be the rescue umbrella, has proved to be totally incapable of coming up with even the "leverage" agreed upon at the G20 summit, from € 440 billion to € 1 trillion.

My dear fellow citizens: Wake up! The last remaining proposal, to make the ECB into a creditor of last resort, represents a threat that Europe will very soon break apart and split up into micro-entities—even without the global nuclear war which would follow a military strike against Iran.

Ever since these plans for a possible Israeli military strike against Iran were leaked out by Israeli intelligence sources, an enormous debate—and also a potential for resistance—has broken out in virtually every country. Military and security professionals especially understand full well how extremely dangerous this countdown to World War III is, and how quickly it could careen out of control.