Hungary have become the first European country to officially ban all Rothschild banks from operating in the country.
In 2013, Hungary began the process of kicking out the International Monetary Fund (IMF), and agreed to repay the IMF bailout in full in order to rid the country of the New World Order banking cartel.
A kindly worded letter from Gyorgy Matolcsy, the head of Hungary’s CentralBank , asked Managing Director, Christine Lagarde of the International Misery Fund, as some have fondly nicknamed it, to close the office as it was not necessary to maintain it any longer.
The Prime Minister, Viktor Orban, seemed keen to ease off austerity measures and prove that the country could go it alone. It in fact issued its first bond in 2011, borrowing off the global markets.
Hungary borrowed €20 billion loan to avoid becoming insolvent during the economic crisis in 2008. But the debtee debtor relationship has not been smooth sailing.
Many criticised the Prime Minister as making an ill-advised decision in order to win an election, which was due in 2014. He also wanted to refrain from having too many foreign eyes on their economic policies, as many reforms were criticised as being undemocratic.
Paying the loan back early has meant Hungary have saved €11.7 million worth of interest expenses, but Gordan Bajnai, leader of the electoral alliance E14-PM, claimed that they had actually lost €44.86 million by March 2014 because of the early repayment as all they did was replace the loan from the International Mafia Federation (another nickname, we’re still talking about the IMF here) with a more expensive one, labelling the stunt as Propaganda .
And what made further nonsense; another loan at high interest rates was signed to finance a nuclear upgrade, which will mean not only higher repayments but also high electricity costs. But they do have economic sovereignty now.
Many have claimed that the IMF AKA ‘Imposing Misery and Famine’, are owned by the Rothschild group, the biggest banking group in the world, having their fingers in almost every central bank in the world. This means that not only do they make money off usurious interest rates at the misfortune of crumbling economies, they also literally own Governments and people of power – I mean they have considerable influence.
Escaping the banking clutches is therefore, iconic. Iceland joined Hungary in 2014 when it paid back its $400 million loan ahead of schedule after the collapse of the banking sector in 2008 and Russia, of course bowing down to no Western puppeteer, freed itself in 2005, one wonders what other strings are attached though — and how long it will be before the international bankers wheedle their way back in.
The return of these three countries to financial independence has been said to be the first time a European country has stood up to the international fund, since Germany did so in the 1930s. Greece is anxiously trying to make payments but missing them as we all stand on the sidelines routing for them to stick two fingers up to the ‘International M***** F******’.
Three developments are shaping the current world situation: an increase in social tensions, the intensification of international political conflicts and the increasingly undisguised preparation of the Western alliance for war against Iran.
The mainstream media try to miss no opportunity to tell the international public who will be friend and who will be foe in this coming war. Time and again, Iran’s allies Russia and China are depicted in the most negative light possible, while there is almost no mention of Israel’s and Saudi Arabia’s crimes in Yemen and against the Palestinians.
At the same time, the media are doing everything they can to conceal the most important reason behind the drive for the war – the critical state of the global financial system. Journalists are bending over backwards to convince the public that the global economy has completely recovered from the 2007/2008 crisis, that we are witnessing a global economic boom and that the dangers in the system are under control.
In fact, none of these claims are true. The simple reason is that they all ignore the historic importance of the cross-border manipulation by the central banks, which was necessary to save the system from collapse after it nearly broke down in 2007/2008, and which still keeps it alive today.
The global financial system would no longer exist without manipulation
This manipulation has set in motion a development that can be compared to the fate of a patient who survives a severe crisis only through an injection of addictive drugs and who would be killed by a subsequent withdrawal treatment because of his poor state of health. In other words, without money injections and low interest rates and without the purchase of government and corporate bonds by central banks, the global financial system, as we know it, would no longer exist.
The world’s leading central bankers are well aware of this. This is shown by their futile attempts to turn the wheel. Even the most timid announcements to contain the flood of money and significantly increase interest rates send such shock waves through the financial community that it is already clear: there can be no return to a normality in which no excess money is printed, interest rates are raised to a level that was once considered normal and no more bonds or shares are bought by the central banks.
So what will happen next? Will central banks simply continue the policy of the past ten years? After all, nobody can stop them from printing unlimited amounts of money and lowering interest rates – along the lines of the Swiss Central Bank – into negative territory…
In fact, nobody can stop them, but the consequences these measures would bring with them are foreseeable: A further increase in speculation, even greater volatility in the markets, an even stronger inflation of the bubbles, which are almost bursting already, the complete destruction of the classic banking business (lending against interest rates), the disintegration of traditional commercial banks and savings banks, the complete takeover of markets by investment banks and hedge funds, the collapse of pension systems – to name but a few of the expected consequences.
The biggest danger is the loss of confidence in the monetary system
Worse than any of these consequences is the creeping loss of confidence in the entire monetary system, which has not been tied to any real value since the decoupling of the US dollar from gold in 1971. It can be assumed that at some point it will affect the entire system, lead to a panic in the markets and cause the global financial card house to collapse.
How close we have already come to this point was shown by the dramatic price fluctuations of the US stock index Dow Jones in February of this year. It appears that this was a test run in which the US Federal Reserve, which is permanently on standby to prevent major price crashes, only intervened at the last second. These fluctuations were the strongest that the Dow Jones has experienced in its more than 100-year history.
This may have been a serious warning to the world’s financial elite. In any case, both the Skripal affair in Great Britain, the trade war instigated by the US against China and the recent hostile reaction towards Russia by most EU states are strong indications that the elites have decided to seriously consider an option that the German economist Ernst Winkler in 1952 described as “the best means put off the final catastrophe of the entire capitalist system over and over again” – the option of waging a war.
The Pentagon and Poland Wednesday signed a $4.75 billion deal to sell the eastern European country the Patriot anti-missile system.
While Poland’s extreme right-wing government hailed the arms deal, the largest in the country’s history, it will undoubtedly further stoke tensions between the West and Moscow, which has viewed the deployment of such systems as part of a concerted effort by Washington and its allies to undermine Russia’s ability to defend itself against a nuclear attack.
“It is an extraordinary, historic moment; it is Poland’s introduction into a whole new world of state-of-the-art technology, modern weaponry, and defensive means,” Polish President Andrzej Duda said during the signing ceremony, which was held at an armaments factory before a column of Polish troops.
“It’s a lot of money, but we also know from our historical experience that security has no price,” said Duda, whose authoritarian regime will no doubt extract the money to pay for the missiles through redoubled attacks on the living standards of Polish workers.
The Polish arms deal has been inked in the midst of a coordinated international campaign led by London and Washington to indict Moscow for the poisoning of the ex-Russian spy Sergei Skripal and his daughter in the southern English city of Salisbury on March 4.
Russia has denied any involvement in the poisoning, which the British authorities have claimed was carried out with a nerve agent “of a type” (Novichok) that had once been manufactured in the Soviet Union and that it was “highly likely” that the attack was the work of Russia.
Without presenting any evidence to substantiate these accusations — much less any conceivable motive for Moscow to carry out such an action on the eve of the presidential election in Russia — the British Conservative government of Prime Minister Theresa May expelled 23 Russian diplomats.
London has refused Moscow’s requests to supply a sample of the alleged nerve agent used in the attack, as is required by international chemical weapons treaties. The Russian Foreign Ministry issued a statement Wednesday charging that the attitude of the May government shows that “UK authorities are not interested in finding out the motives and those responsible for the crime in Salisbury and suggests that the British intelligence services are involved in it.”
Washington joined this anti-Russian crusade, ordering the expulsion of 60 Russian diplomatic personnel and the closing of the Russian consulate in Seattle, while joining with London in pressuring other countries to follow suit. More than 20 other countries responded with expulsions. Most of these countries took only token actions, however, involving one or two Russian diplomats. Nine members of the EU took no action. The only expulsion of more than four diplomats in Europe came from the rabidly anti-Russian government of Ukraine, which ordered 13 Russian diplomats to leave the country.
Poland, which along with Germany, France and Canada was one of the countries expelling four Russians, has long served as a pillar of the military buildup by the US and NATO against Russia.
Since the coming to office of the Trump administration, Washington has openly promoted the forging of closer ties to Warsaw and other eastern European governments, reviving the so-called Intermarium project of the 1920s, in which the US sought an alliance with fascistic and right-wing regimes in the region directed against both the Soviet Union and the rise of Germany as a continental hegemon.
The turn toward Eastern Europe is in large part a response to mounting tensions between Washington and Germany, which is increasingly seeking its own great power interests, including through commercial and other ties with Russia. While Berlin joined with the UK, France and the US in signing a joint declaration blaming Russia for the Skripal poisoning, there exist sharp divisions within the German ruling establishment and Chancellor Angela Merkel’s grand coalition government over the issue.
“We must do everything possible to prevent a new Cold War with Russia,” Social Democrat Gernot Erler, the government coordinator for Russia, told the Passauer Neue Presse.
Other prominent Social Democrats went further. Former European Commissioner Guenter Verheugen questioned the objective basis for the sanctions. “The view that if in doubt, ‘Putin and the Russians are responsible for everything’, is one that poisons thought and must stop,” he told the Augsburger Allgemeine.
Such views reflect the concerns of major German corporate and financial interests, whose profits are tied up with the Russian market.
The German Committee on Eastern European Economic Relations, whose members include some 200 German companies, warned against “over-hasty conclusions” over the Skripal affair leading to a “spiral of escalation.”
Just one day after it expelled a handful of Russian diplomats, the German government on Tuesday announced final approval for the construction and operation of the Russia-led Nord Stream 2 gas pipeline, which will pipe Russian natural gas to Germany under the Baltic Sea. The project has been bitterly opposed by both Washington and its Eastern European allies.
It is no doubt such tensions that the US defense secretary, Gen. James Mattis, had in mind when he told reporters at the Pentagon that Russia was “trying to break the unity of the Western alliance.” Mattis claimed that it was “pretty obvious” that Russia was responsible for the attack on Skripal and charged Moscow with having “chosen to be a strategic competitor, even to the point of reckless activity.”
The sharp divisions that have emerged among the NATO powers notwithstanding, there are continuous signs that active preparations are underway for war with Russia.
Senior US military officers speaking at the Association of the United States Army’s Global Force Symposium on Monday issued warnings that the Pentagon must “dramatically increase the range of the service’s artillery and missile systems to counter a Russian threat that would leave ground forces without air support in the ‘first few weeks’ of a war in Europe,” the website military.com reported. The American military, the officers revealed, is working on a number of new weapons systems designed to counteract supe’ve got to push the maximum range of all systems under development for close, deep and strategic, and we have got to outgun the enemy,” Gen. Robert Brown, commanding general of United States Army Pacific Command, told an audience of military officers and defense contractors.
Meanwhile, the European Commission, the executive arm of the European Union, announced Wednesday that it has launched an initiative to create a “military Schengen zone,” allowing NATO military forces to freely cross European borders. The military project is being unveiled even as right-wing nationalist and anti-immigrant European politicians, including Germany’s new Interior Minister Horst Seehofer, are openly rejecting the original Schengen Agreement, in effect for over two decades, which allows border control free travel between the 26 European countries that signed on to it.
EU transport commissioner Violeta Bulc told reporters that the aim was to ensure “quick and seamless mobility across the continent. This is a matter of collective security.”
In addition to removing border controls, she said that investments would be made to assure that key corridors would be capable of handling tanks and heavy military vehicles. “We must be able to quickly deploy troops either within the EU or rapidly launch military operations abroad and to do so we need infrastructure that is fit for the purpose.”
Russian Deputy Defense Minister Col. Gen. Alexander Fomin responded to the announcement by stating that the real goal was to “fast-track to the maximum extent … deployment towards Russia’s borders.”
He also told the Russian Defense Ministry’s official newspaper that the US and NATO were creating arsenals of weapons ammunition and food supplies in various countries, including Poland, Romania, Hungary, Bulgaria, Slovakia, Lithuania, Latvia and Estonia, to prepare for war with Russia.