Europe's Banker Talks Tough … Draghi Says Continent's Social Model Is 'Gone,' Won't Backtrack on Austerity … European Central Bank President Mario Draghi warned beleaguered euro-zone countries that there is no escape from tough austerity measures and that the Continent's traditional social contract is obsolete, as he waded into an increasingly divisive debate over how to tackle the region's fiscal and economic troubles … In a wide-ranging interview with The Wall Street Journal at his downtown office here, Mr. Draghi reflected on how the region's travails were pushing Europe toward a closer union. He said Europe's vaunted social model—which places a premium on job security and generous safety nets—is "already gone," citing high youth unemployment; in Spain, it tops 50%. He urged overhauls to boost job creation for young people. There are no quick fixes to Europe's problems, he said, adding that expectations that cash-rich China will ride to the rescue were unrealistic. He argued instead that continuing economic shocks would force countries into structural changes in labor markets and other aspects of the economy, to return to long-term prosperity. – WSJ
The real owners, forget the politicians … you have no choice. You have owners. They OWN you. We know what they want … They want more for themselves and less for you … They'll get it! The vanishing pension that disappears the moment you come to collect … The game is rigged! … And nobody seems to notice. Nobody seems to care. – George Carlin (one of his last performances).
Dominant Social Theme: We've just destroyed the fundaments of post-war Western society. Demolished them. Ho-hum. "Nobody notices. Nobody cares." You shouldn't, either.
Free-Market Analysis: This is historic stuff. The end of Dreamtime, folks. We keep hearing one of George Carlin's last video clips playing over and over in our pointy heads like a bad rock 'n roll song.
His soft, angry voice recites all the ways the good people of the American middle class are being screwed by the "club." (Yes, it's a club. "And YOU AIN'T IN IT.") And then adds … Nobody seems to notice. Nobody seems to care.
Yesterday we noticed an AP article explaining the idea of retirement had gone a-glimmering for many Baby Boomers. You can see that article here: No Retirement: Misled Baby Boomers May Die at the Office.
Today the Wall Street Journal runs an article by Mario Draghi explaining that Europe's vaunted system of socialism is over, finished, vanished, kaput.
Nobody seems to notice. Nobody seems to care.
It's really incredible. The whole post-war period was nothing but an elite dominant social theme.
A story. A fable. A tall tale. A lie.
What was the point? Well … obviously it was to bring us here, to THIS point. Fifty years after the Modern Age was "invented" by John Maynard Keynes and David Rockefeller (chief architects of the post-war global economy), we're apparently back to where we started.
Post-war Baby Boomers were the subjects of a kind of elite carpet-bombing. Remember the arguments that raged "across the pond"?
• The European cradle-to-grave socialism was either a sign of a mature civilization or its decline.
• The American model of investment capitalism was either a sign of a free-market confidence or cowboy capitalism.
Of course, the argument was bogus. The dialectic turns out to have been fake. Neither model was sustainable. Both were destined to fail. Take a step back. Look at the "big picture." Try to adopt the intergenerational perspective of the great central banking families, the ones that control the BIS and the trillions that its minion-banks generate.
This one-world conspiracy is a patient one. Its modern incarnation started after the Civil War, perhaps at the beginning of the 20th century. Once central banking – monopoly fiat-money printing – became feasible worldwide the larger conspiracy could be activated.
And what was that? Well … the idea was to create a New World Order, one-world governance. Nation-states would have to be crushed. But the buy-in of Western middle classes was necessary.
And so, apparently, these paradigms were invented and cultivated. In the US, post-war citizens in the mid-20th century were subject to intense pressure to "invest." The information was virtually overwhelming.
After a while, companies started cutting back on regular pensions and the 401K came into vogue. You were forced to "invest" in the most fragile of all facilities – the mutual fund. Regulated almost to death, clumsy as a medicated cow, these "safety first" vehicles were offered to a wary public as a way to ensure a livable retirement.
Europe dispensed with all that, however. The European tribes enjoyed the directness of government largesse without the securities industry intermediary. This was considered by many to be more "humane and logical."
In fact, both solutions were the same. They emphasize the fierce, nurturing authoritarianism of the state. In Europe, the socialist state bestrode society like a colossus. In America, regulatory democracy was in vogue.
But in both places, the STATE was the driver. This had to be so. Mercantilism is the way the power elite controls society behind the scenes. No state, no power. The state had to be supported and expanded at all costs.
It was a most useful and clever strategy. Via taxes, employment and "investing" in banks and companies owned by the Anglosphere power elite, Western middle classes basically paid for their own enslavement.
Every few years, central bank monopoly-money printing collapsed the markets, and the middle classes let out a collective groan of agony. The great leaders of the West would meet and invoke the specter of ruinous collapse.
Eventually, thanks to the good, gray technocrats of central banking, the crisis would be averted. Hallelujah! Books would be written. "Leadership" would be extolled. Politicians would be enriched.
And so it went. Using their control of the central banking economy, Western elites have been building one-world government patiently for a century. They created the great "retirement" debate between Europeans and Americans to ensure that the West's middle classes – their main opponents – would be too distracted by dialectic to notice the larger danger building in front of their noses.
And now the trap has been sprung. There is the phony "austerity" in Europe and the equally phony depression in the US. But none of it has to be. All of it is a result of "economic forces" that have been created out of whole cloth by the elites that have organized the current global economy. Here's more from the honorable Draghi:
"You know there was a time when [economist] Rudi Dornbusch used to say that the Europeans are so rich they can afford to pay everybody for not working. That's gone," Mr. Draghi said. "There is no feasible trade-off" between economic overhauls and fiscal belt-tightening, Mr. Draghi said in the interview, his first since Greece sealed its second bailout …
Though Mr. Draghi welcomed the relative calm that has descended on European debt markets in recent months, he said credit remained scarce, especially in Europe's struggling southern fringe. Despite Europe's vast wealth, it has gone to the International Monetary Fund three times for aid—for Greece, Portugal and Ireland—and is going back again for additional assistance for Greece.
You see? Article by article, the veil is apparently going to be ripped away. Nothing's working, not really. Welcome to a new elite dominant social theme. A half-century of debate, a Western civilization fully embroiled in the arcane (outrageous) "wonkery" of how government could provide for its people. Trillions of words, trillions of dollars, millions of smug academics, politicians and corporate executives extolling this, that or the other model.
And it was simply a promotion. An elite dominant social theme. A Dreamtime. See … they needed a "buy-in" while they gradually erected the New World Order – the UN, the IMF, the World Bank, the International Criminal Court, NATO, the World Health Organization and various trade associations. They didn't want people making trouble, agitating against what they were building.
And now it's built. There is a fully functioning world government, still young but learning to walk. Like a victorious vampire it will soon feed on the blood and agony of citizens around the world. That seems to be the plan.
Having built up phony prosperity via monopoly fiat, the great central banking families are apparently moving to the next phase. Out of prosperity shall emerge poverty. Out of the banking establishment shall emerge … implacable sovereign debt. Out of the Chinese "miracle" shall emerge the third and final regional insolvency.
Yes, as we've often pointed out, China's economy shall likely be the last to tumble down. And after China … sooner or later … the deluge. Worldwide depression. (If it's not already here.)
Watch, folks. Listen to the calls for global governance as all this unfolds! Listen to the chants for worldwide money! The only thing that will save the planet, we'll soon find out, is an ever-greater political union. "We" are all in it "together." It takes a village … a global one.
Those who object shall be silenced – either by ostracism or brute force. Those who have doubts shall be penalized, publicly or privately. Fear will encircle the globe like a single, gigantic chemtrail.
Economic collapse is part of it. The other part is war. In the Middle East, the powers-that-be have destabilized most of the regions' sectarian governments. The Muslim Brotherhood and related false-flag Islamic elements are being prepped to take over.
War is in the offing. Military stand-offs at the very least. A clash of civilizations is being invoked. The battle against terror shall rage with ever more authoritarian consequences.
Western countries are being turned into authoritarian reservations. Cash is being outlawed. Soon, perhaps, you'll need a passport (in the US anyway) to travel from state to state.
A two-part strategy. The same elements as in the Great Depression. Economic ruin and "war on terror" will create the conditions for the New World Order.
This is our hypothesis, based on the memes we discern and the dominant social themes now emerging. Of course, we're not supposed to notice. We're supposed to think that what's going on is normal and natural.
Yes, the markets were supposed to take care of our investments but it didn't work out that way. The state was supposed to send us money, but now the state's bankrupt.
You see … Nobody to blame. Everybody tried hard. Everybody meant well. But now there are only layoffs, austerity, scorched earth. We ask … Where's the anger, folks? Where are the REAL explanations, the summaries of what's actually taking place?
Sure, Greece is yet in flames and other countries have seen protests. And there're the (elite-controlled) Occupy Wall Street demos in the US. But most of the anger, even outrage, is aimed at the disintegration of the social compact. We don't see a lot of commentary (hardly any) on the unraveling of the larger meme.
Won't somebody comment on the sheer audacity of Western "leaders" that with corporate, religious and military connivance, led hundreds of millions down false paths. None of this is a "mistake." Heck, didn't these son-of-a-guns plan it? This is THEIR economy. Their central banks. Their fiat money.
We don't seem this being mentioned for some reason, not in its fullest form anyway, not even on the alternative 'Net media. The biggest fraud of all time is being pulled off in front of your noses. A global switcheroo. A deliberate, worldwide, intergenerational con game that is now entering its final stages. Doesn't it upset you? Doesn't it deserve more … exposure?
Nobody seems to notice. Nobody seems to care …