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The following are two comments that I posted to the UK Independent's Economics columnist Hamish McRea about his columns of Saturday 5/22 titled, "A future without the euro is a distinct possibility" (sub-titled) "The global recession has changed everything, exposing grave structural problems within the European economy", and of Friday 5/21 titled, "The euro should survive this crisis, but it won't get through the next one" (sub-titled) "Economic Life: When politics and markets clash, markets win in the end. There may, however, be a lot of collateral damage on the way".
I offer this reverse chronology by repeating my 2nd comment below, in the hope that it may provide some enlightenment, or at least my opinion for debate, about what is happening between the US global imperial (financial) actions and the European response of at least one country (Germany) which seems to be attempting to defend its citizens and working-class public against this guileful attack by the Global Empire posing, in sophisticated, modern, TWO-Party "Vichy'-like style, as our now occupied former country:
"Hamish, as I said to you regarding your article just yesterday, "The euro should survive this crisis, but it won't get through the next one" ---- the German naked short defense against the Global Empire is the beginning of the first Global War of the 21st century pitting the fading nation-state world of citizens against the new (disguised) global corporate Empire:
This is the beginning of a millennial battle akin to the shift from a pre-Rennaisence Church-centric-world to the nation-state centric world (a la Paul Kennedy), and now to a Global corporate-centric Empire world. This is much bigger than WWII.
This era (and error) of change between Nation-state public democracy and toward Global corporatist (private) Empire needs repeating --- as it is the reality beneath our roiling sea of confusion (a confusion of deceit that serves the new Empire world well in its stealthy battle)."
My first comment, yesterday (Fri 5/21 UK time):
"Hamish, I like the essential truth of your sub-title, "Economic Life: When politics and markets clash, markets win in the end. There may, however, be a lot of collateral damage on the way"
The definition of oligarchy is that 'economic power yields (captures) political power', and since as von Clausewitz accurately states, "war is politics by other means', then by the transitive property, 'war is (through political capture) economics by other means'.
And that brings us to the beginning of this economic war between the disguised and unmentioned Global corporate/financial/militarist Empire that has 'captured' the last superpower (U.S.) and is now attacking Germany (and any other countries) that may not cede to the EMPIRE.
What we are seeing in Germany today is the opening shots of the coming war between the fading era of the nation-state-centric world of which Paul Kennedy wrote in "The Rise and Fall of Great Powers", and the brave new world of a Global corporate-centric Empire world:
"Merkel attempts full-mouth shark tooth extraction!"
Germany's ban on the naked short "attack' by the Global financial Empire attempts to protect its public flock:
But, boy, are the wolves howling now --- and the sharks in a feeding-frenzy!
The whole pack of private predators is howling about any protections being provided for us --- the public lambs.
The ruling-elite private Global corporate/financial/militarist Empire --- which controls all lobbying clout and all clownish shills in the 'Vichy' faux democratic governments of many Western countries --- is starting to 'play' its old trump card of 'divide and conquer'.
Germany is trying to defend its citizens and working-class from the sharks and wolves, but other countries (like the US & UK) that are more fully 'captured' by the Global Empire, are allowing the so-called free market "flexibility' to insure that their citizens are open prey for the Global Empire's private predators' bared capitalist jaws and fangs.
So the predator pack will divide out the weakened and diseased countries first --- and howl that all countries must drop any defenses.
Alan MacDonald
Sanford, Maine
PS. The only real sustainable and long term solution is to have a democratic Global reserve currency, instead of the US dollar (which is now the Global Empire's perverse currency). Germany seems to know this, but the jump from Euro to Global currency is tough and the Global corporate/financial/militarist Empire (HQ'ed in the US) will attack fiercely to prevent such 'creative destruction' of its current global "Empire currency' (the US dollar).
