Thursday 26 May 2016

The Global Shoe Horn

I think when the American President, the boss of the IMF, a whole plethora of people based on or having links to Wall St and now our American/Canadian Governor of the Bank of England who just happens to have held a very senior position at Goldman Sachs, when they all strongly advise Britain to stay in the European Union we must give pause and think where this advice comes from and why.

In 1953 Joseph Abs director of Deutsche Bank led a delegation to London, the occasion was the so called London Debt Agreement. In essence the United States leant on Britain, France ,Greece, Italy,Spain ,Sweden, and many other countries to write off the greatest part of Germany's postwar debt. Britain protested arguing that Germany had the infrastructure the capacity and importantly the moral duty to pay. Washington vetoed London and thus 70% of Germany's public and private debt was written off in pursuance of the American aim to raise Germany from the ashes and give her "most favoured nation status" (a claim we Brits, to this day, mistakenly claim for ourself). 
If Germany rose up in the 1950s to become the powerhouse it is today it is due, in no small part to Washington, as is the furtherance of the financial plight, much of Europe has found itself in through its acquiescence and subservience to the strictures of the Bundesbank. 
Europe's fallen nation thus emerged from the ashes whilst nations who were supposed to be the victors and who had laid themselves bare in terms of their human and financial capital were forgotten and placed to one side by what had become the dominant force in the world the USA as it embarked on its dollar based global subjection. 
So we have to ask ourselves, do we believe the US when they say it will be in our best interests to be subverted into the German hegemony which Europe is rapidly becoming or should we, with Churchillian bloody mindless, refuse to be frightened by the odds and become "our own destiny" instead of agreeing to this 'global shoe horn' which the IMF, Goldman Sachs, Uncle Tom Cobble and all would have us submit.


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