Tag Archives: Silvio Berlusconi

Conspiracies, Coups and Currencies

The murmurs about Barack Obama being forced out began in Berlin and Beijing. After his party lost the midterm vote, there were hints that a government of technocrats would be imposed on America, to save the country from a debt crisis and the world from a depression.

As the debt-ceiling negotiations stalled out over the summer, a global coalition — led by Germany, China and the International Monetary Fund — began working behind the scenes to ease Obama out of the White House. The credit downgrade was the final blow: the president had lost the confidence of the world’s shadow government, and his administration could no longer survive.

Within days, thanks to some unusual constitutional maneuvering, Obama resigned the presidency and Michael Bloomberg was invited to take the oath of office. With Beijing issuing veiled threats against our currency, Congress had no choice but to turn the country’s finances over to the Senate’s bipartisan Gang of 6, which in turn acceded to Chinese and German “supervision” of their negotiations. Meanwhile, there was a growing consensus in Europe and Asia that only a true global superstate could prevent the debt contagion from spreading …

FOR Americans, the scenario that New York Times columnist Ross Douthat just imagined is a paranoid fantasy, the kind of New World Order nightmare that haunts the sleep of black-helicopter watchers and Trilateral Commission obsessives. But for the inhabitants of Italy and Greece, who have just watched democratically elected governments toppled by pressure from financiers, European Union bureaucrats and foreign heads of state, it evokes the cold reality of 21st-century politics. To read the whole article click here.

Paul Mason’s tweets for today’s situation

Paul Mason (BBC, Newsnight) just tweeted several tweets on where we stand today concerning the Greek (and EU) crisis. I decided to copy them over here as they do tell a truth and I respect his insight in these matters. By the way, he has written some of the most accurate articles about the situation in Greece last June, before the so-called Second Memorandum.

A quick Twittersplurge on the Euro situation: 1) With G-Pap gone Greece is not “sorted”. 1a) Both Pasok and ND have deep roots in GR society

1b)…Hence Pasok tried to avoid inflicting pain on state, ND must avoid infliciting pain on urban poor, super-rich, middle classes…

1c) Not clear what, if anything, Samaras has signed up to from 26 Oct deal, since he does not believe further austerity can work.

2) An unelected Greek technocratic govt cannot do what an elected Pasok govt failed to do. Anybody busy in EU/IMF diplo understand this?

3) I go back to “anomic breakdown” – only Pasok machine stood in way of this, and as we saw KKE security squads. Also ND hope of election…

4) So now Italy: here there is a clear #Berluscomparsi dividend. He has added instability to sit, so technocratic govt might work. Howevr…

4a) “The restaurants are full” was most telling comment. Whole S Europe living dolce vita on unsustainable debt. Above all upper middleclass

5) There are 3 potential ways to save situation: EFSF, IMF, ECB. Of which… EFSF is most doable.

6) Of EFSF/ECB/IMF routes, each has a democratic impediment. USA/UK won’t do enough IMF, Germany won’t do ECB, Germany stymied EFSF v1.0

7) The Anglo-Saxon insistence on ECB route is both logical and impossible: Germany easier to persuade to redesign EFSF + go fiscal union

8) So logically, since we are in mode of overtrhowing governments who get in way of Eurocrisis resolution… the one to overthrow wd be?

9) Work it out: SPD and Greens stand for fiscal union. That’s why I asked Sarko where does it stop.

10) Meanwhile EU better hope Greeks not listening to G-Pap when he said an election would cause a bank run. The day is young.