Posts Tagged ‘Cyprus’

The present world economic and political order – A madhouse where the Arsonists are Running the Fire Brigade‏

2 december, 2013

I have written a lot about the present economic and political disorder (including foreign policy), where the common people are the ones paying the price for the gigantic folly by the political class, old media, central and investment banks, hedge funds etc.; who are pushing risk, leverage and debt to ridiculous and dangerous extremes.

This absurd Alice in Wonderland economic and political farce has been going on now for some time. And the Rabbit Hole is getting deeper and deeper because of the actions, and inactions, of the people mentioned above.

When you start analyzing these figures you get utterly horrified of the totals of the open derivatives positions in the US and European markets.

Just as an example: the four big investment banks in USA (Goldman Sachs, JP Morgan Chase, Citibank and Bank Of America) ONLY “covers” 2,27 % of the Total Exposure with ALL their Assets!

To sum up – TOTAL EXPOSURE TO DERIVATES for ONLY these four banks:

207, 375, 086, 000, 000 TRILLION DOLLARS!!!!!!!!!!!

TOTAL ASSETS for these four banks:  4,720,464,000,000 TRILLION DOLLARS

And remember: these figures are now over one year old. Today’s figures are worse.

If you do the math for example for Goldman Sachs, it has a total exposure to derivatives contracts that is more than 364 times greater than their total assets!

To put these GIGANTIC sums into perspective let’s compare with the GDP from USA and all of EU from 2011.

There a lot of different way to calculate GDP and the figures for each year. Add to that exchange fluctuations, conversion rates etc. So the figures below come from the same source (IMF) to make the comparison easier.  And it is their conversion.

GDP USA 2011 – 15,094,025 billion US dollars

GDP EU 2011 –  17,610,826 billion US dollars

Total GDP for EU and USA 2011: 32,704,851 billion US dollars.

Let’s compare these 32,704,851 billion US dollars with TOTAL EXPOSURE TO DERIVATES for  these four above mentioned banks:

207, 375, 086, 000, 000 TRILLION DOLLARS!!!!!!!!!!!

                                        VS

32,704,851 billion US dollars in COMBINED GDP of EU and USA

Anyone see any problem???”

See among others my posts:

After Cyprus there can be NO Trust Anymore

The economic mess and structural problems in EU and US – Part 1

The economic mess and structural problems in EU and USA – Part 2

Why the Euro is doomed – the German households net wealth in not EVEN HALF of that compared to Italians

Citizens! Forgive us for not arresting those truly responsible for this crisis: bankers and politicians

This is why the Euro is doomed

EU a stupid empire on purpose

EU – an unaccountable mess created by an undemocratic treaty – Now also a crony Bankocracy

The scam that is called EU and the Euro is behind the present crisis

Below are some observations from people with very long experience in the investment and economical field. So rather than me writing again I give you these people’s views.

First from John Mauldin in his newsletter from November 30th (you have to be a subscriber). John Mauldin is a renowned long time financial expert who has written extensively and in depth about the world markets and economic situation. He has his own investment companies; he is an advisor to hedge funds, he an author of several books etc.

(Note: Most of the bold are mine and all underlining is mine. And the charts are mine)

Arsonists Running the Fire Brigade

”I led off by forming an analogy to my Thanksgiving Day experience:

I rather think the stock market is acting like we did at dinner. When the alarms go off, we note that we have heard them several times over the past few months, and there has never been a real fire. Sure, we had a credit crisis in August, but the Fed came to the rescue. Yes, the subprime market is nonexistent. And the housing market is in free-fall. But the economy is weathering the various crises quite well. Wasn’t GDP at an almost inexplicably high 4.9% last quarter, when we were in the middle of the credit crisis? And Abu Dhabi injects $7.5 billion in capital into Citigroup, setting the market’s mind at ease. All is well. So party on like it’s 1999.

However, I think when we look out the window from the lofty market heights, we see a few fire trucks starting to gather, and those sirens are telling us that more are on the way. There is smoke coming from the building. Attention must be paid.

I was wrong when I took the (decidedly contrarian) position that we were in for a mild recession. It turned out to be much worse than even I thought it would be, though I had the direction right. Sadly, it usually turns out that I have been overly optimistic.

This year we again brought my now-96-year-old mother to my new, not-quite-finished high-rise apartment to share Thanksgiving with 60 people; only this time we had to contract with a private ambulance, as she is, sadly, bedridden, although mentally still with us. And I couldn’t help pondering, do we now have an economy and a market that must be totally taken care of by an ever-watchful central bank, which can no longer move on its own?

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I am becoming increasingly exercised that the new direction of the US Federal Reserve, which is shaping up as ”extended forward rate guidance” of a zero-interest-rate policy (ZIRP) through 2017, is going to have significant unintended consequences. My London partner, Niels Jensen, reminded me in his November client letter that,

In his masterpiece The General Theory of Employment, Interest and Money, John Maynard Keynes referred to what he called the ”euthanasia of the rentier”. Keynes argued that interest rates should be lowered to the point where it secures full employment (through an increase in investments). At the same time he recognized that such a policy would probably destroy the livelihoods of those who lived off of their investment income, hence the expression. Published in 1936, little did he know that his book referred to the implications of a policy which, three quarters of a century later, would be on everybody’s lips. Welcome to QE.

It is this neo-Keynesian fetish that low interest rates can somehow spur consumer spending and increase employment and should thus be promoted even at the expense of savers and retirees that is at the heart of today’s central banking policies. The counterproductive fact that savers and retirees have less to spend and therefore less propensity to consume seems to be lost in the equation. It is financial repression of the most serious variety, done in the name of the greater good; and it is hurting those who played by the rules, working and saving all their lives, only to see the goal posts moved as the game nears its end.

Central banks around the world have engineered multiple bubbles over the last few decades, only to protest innocence and ask for further regulatory authority and more freedom to perform untested operations on our economic body without benefit of anesthesia. Their justifications are theoretical in nature, derived from limited-variable models that are supposed to somehow predict the behavior of a massively variable economy. The fact that their models have been stunningly wrong for decades seems to not diminish the vigor with which central bankers attempt to micromanage the economy.

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The destruction of future returns of pension funds is evident and will require massive restructuring by both beneficiaries and taxpayers. People who have made retirement plans based on past return assumptions will not be happy. Does anyone truly understand the implications of making the world’s reserve currency a carry-trade currency for an extended period of time? I can see how this is good for bankers and the financial industry, and any intelligent investor will try to take advantage of it; but dear gods, the distortions in the economic landscape are mind-boggling. We can only hope there will be a net benefit, but we have no true way of knowing, and the track records of those in the driver’s seats are decidedly discouraging.”

”but now let’s jump into Code Red. In this section, we deal with the topic of central banking and its failures and ponder the implications of continuing to give the same people ever more authority and responsibility. This is from Chapter 5, called:

Arsonists Running the Fire Brigade

In the old days, central banks raised or lowered interest rates if they wanted to tighten or loosen monetary policy. In a Code Red world everything is more difficult. Policies like ZIRP, QE, LSAPs, and currency wars are immensely more complicated. Knowing how much money to print and when to undo Code Red policies will require wisdom and foresight. Putting such policies into practice is easy, almost like squeezing toothpaste. But unwinding them will be like putting the toothpaste back in the tube.

20131122_buck

Promoting Failure

We’ll admit that we’re having too much fun criticizing central bankers, the Colonel Jessups of the Code Red world. But please don’t just take our word for it when we tell you that they’re clueless. Let’s look at what others have written.

In 2009 Congress created the Financial Crisis Inquiry Commission to uncover the causes and consequences of the financial catastrophe that almost brought down the world financial system. They roundly condemned the Federal Reserve:

We conclude this crisis was avoidable. The crisis was the result of human action and inaction…. The prime example is the Federal Reserve’s pivotal failure to stem the flow of toxic mortgages, which it could have done by setting prudent mortgage lending standards. The Federal Reserve was the one entity empowered to do so and it did not…. We conclude widespread failures in financial regulation and supervision proved devastating to the stability of the nation’s financial markets.

Not surprisingly, public confidence in the Fed has plummeted.

Italian Ind production

The Federal Reserve performed disastrously before the Great Financial Crisis, but almost all central banks were asleep at the wheel. The record of central banks around the world leading up to the Great Financial Crisis was an unmitigated disaster. All countries that had housing bubbles and large bank failures failed to spot them beforehand. In the case of England, where almost all major banks went bust (some rather spectacularly!) and required either nationalization or fire sales to foreign banks, the Bank of England never saw the crisis coming. Let’s look at what The Economist has to say about central bank failures:

In 1996 the Bank of England pioneered financial-stability reports (FSRs); over the next decade around 50 central banks and the IMF followed suit. But according to research cited by Howard Davies and David Green in ”Banking on the Future: The Fall and Rise of Central Banking,” published last year, in 2006 virtually all the reports, including Britain’s, assessed financial systems as healthy. In the basic function of identifying emerging threats, ”many central banks have been performing poorly,” they wrote.

According to published reports, the Bank of England only learned about the bankruptcy of one huge bank after another a few days before the actual public announcement. So much for staying on top of the situation. The regulators were captured by the very institutions they were supposed to regulate, with neither the banks of the regulators understanding the serious nature of the problems they were creating with their actions.

20131119_thisismadness

Housing bubbles swelled and burst everywhere: Spain, Ireland, Latvia, Cyprus, and the United Kingdom. Countries that had to recapitalize or nationalize their banks were broadsided by a disaster they did not anticipate, prepare for, or take action to prevent. In the case of Spain, even after the crisis unfolded, the Bank of Spain acted like a pimp for its own banks. It insisted nothing was wrong and proceeded to help its banks sell loads of crap to unsuspecting Spaniards in order to recapitalize the banks. (We apologize for our language, but there is no other word besides crap that properly characterizes selling worthless securities to poor pensioners – well, there are, but they are even less suitable for public consumption).

In fairness, central bankers did save the world after the Lehman Brothers bankruptcy. The money printing that the Federal Reserve oversaw after the failure of Lehman Brothers was entirely appropriate to avoid another Great Depression. But giving them credit for that is like praising an arsonist for putting out the fire he started.

The failure of central banks makes it all the more remarkable that they were given even more responsibility in the wake of crisis. Since 2007 central banks have expanded their remits, either at their own initiative or at governments’ behest. They have exceeded the limits of conventional monetary policy by buying massive amounts of long-dated government bonds, mortgage-backed securities, and other assets. They have also taken on more responsibility for the supervision of banks and the stability of financial systems.

Japan%20Charts%20Abenomics

The Banking Act of 1933, more popularly known as the Glass-Steagall Act, forced a separation of commercial and investment banks by preventing commercial banks from underwriting securities. Investment banks were prohibited from taking deposits. Until it was repealed in 1999, the Glass-Steagall Act worked brilliantly, helping to prevent a major financial crisis. It was replaced by the Graham-Leach-Bliley Act, which ended regulations that prevented the merger of banks, stock brokerage companies, and insurance companies. The American public’s interests were thrown to the wolves of Wall Street, and the Fed and the Clinton administration gave the middle finger to financial stability.

After the Great Financial Crisis, Congress could have simply reinstated Glass-Steagall. The act was only 37 pages long, but it had worked incredibly well. Instead, after an orgy of bank lobbying and Congressional kowtowing to the bankers who had brought the world to the brink of a global depression, Congress passed the Dodd-Frank Act. It is over 2,300 pages long; no one is sure what is in it or what it means; and it has added a dizzyingly complex tangle of regulations and bureaucracy to what should have been a simple, straightforward reform of the financial sector. (The act is so long and complicated that it was nicknamed the ”Lawyers’ and Consultants’ Full Employment Act of 2010.”) You will hardly be reassured to learn that the Federal Reserve’s powers were expanded through Dodd-Frank.

Please note that it was the same banks and investment firms that lobbied to repeal Glass-Steagall in 1999 that so aggressively and successfully lobbied for the Dodd-Frank Act. While there are some features contained in the plan that are good, the basic problems still remain. Industry insiders were able to assure that business as usual could continue. And to judge from their profits, it has done so remarkably well.

Figure 5.4 Major financial legislation: number of pages

Financial legislation

The Fed didn’t need more powers. In the years leading up to the Great Financial Crisis, the Fed already had almost all the tools it needed to prevent the subprime debacle. It simply failed to use them. You could call that lapse nonfeasance, dereliction of duty, going AWOL, or anything other than doing their duty. If you don’t believe you are capable of recognizing a bubble in advance, then all the additional regulations in the world won’t make any difference in preventing a bubble. Dodd-Frank merely gave them more regulations not to enforce. It is the mindset that needs changing, not simply the regulations.

According to the Financial Crisis Inquiry Commission, the Federal Reserve failed to use the tools at its disposal to regulate mortgages or bank holding companies or to prevent the abusive lending practices that contributed to the crisis. The central bank didn’t ”recognize the cataclysmic danger posed by the housing bubble to the financial system and refused to take timely action to constrain its growth,” the report said. It also ”failed to meet its statutory obligation to establish and maintain prudent mortgage lending standards and to protect against predatory lending.”

The most sordid part of the Great Financial Crisis was not the extreme failure by central banks to regulate. The most egregious violation of the public interest came in the form of the massive subsidies and aid the central banks gave to the banking system when the crisis was underway. The great journalist and essayist Walter Bagehot argued in the mid-19th century that during a financial crisis central banks should lend freely but at interest rates high enough to deter borrowers not genuinely in need, and only against good collateral. During the crisis, the Fed and other central banks lent trillions of dollars at zero cost against the shoddiest of collateral. And the Fed went out of its way to provide gifts to Wall Street banks via the back door. For example, when AIG went bust, Timothy Geithner decided that the US taxpayer should pay out credit default swaps to AIG’s counterparties at full price. Goldman Sachs was given a parting gift to $10 billion. Geithner did not even negotiate a haircut. The money went to dozens of banks, many which were not even American. It is no wonder Geithner became well-known as ”Wall Street’s lapdog.”

20131115_SpainGDP

Our good friend Dylan Grice wrote a fascinating piece on what happens when you have too many rules and too little common sense. In a Dutch town called Drachten, local government decided to take out all traffic lights and signs. They hoped people would pay more attention to the road rather than fixate on rules and regulations. They were right. In Drachten there used to be a road death every three years, but there have been none since traffic light removal started in 1999. There have been a few small collisions, but these are almost to be encouraged. A traffic planner explained, ”We want small accidents in order to prevent serious ones in which people get hurt.” Let’s see what Dylan has to say about the lessons for capital markets:

You might be thinking that traffic lights don’t have anything to do with the markets we all work in. But I think they do. Instead of traffic lights and road signs think rating agencies; think Basel risk weights for Core 1 and Core 2 bank capital; think Solvency 2; or think of the ultimate market regulators of our currencies – the central banks – and the Greenspan/Bernanke ”put” which was once imagined to exist. Haven’t these regulators provided the same illusion of safety to financial market participants as traffic safety tools do for drivers? And hasn’t this illusion of safety been even more lethal?

Wouldn’t it be nice if central bankers thought more like Drachten town planners? But central bankers and parliaments prefer extensive rules to a common-sense approach.

Central Banks and GDP growth

Unlike the planners of Drachten, the Federal Reserve and central banks around the world issue extensive sets of regulation, fail to enforce them, encourage everyone to speed, and then when crashes happen they protect as many banks as possible from the consequences of their own actions.

The Federal Reserve is in desperate need of reform. This doesn’t mean that politicians should be deciding interest rates or that banking supervision should be taken away from central banks. But central bankers should be answerable to the public for how they do their jobs. Accountability has been completely missing throughout the entire crisis. Almost all central banks failed to do even the basics of their job. The regulations they created, especially in Europe, made it possible for banks to take massive risk and make huge profits that ultimately had to be bailed out by taxpayers.

They believe the banks and other institutions they were regulating when they showed the models which they created which demonstrated conclusively there was no risk. Everyone, bankers and regulators, believed we were in a new era, for the old rules of common sense didn’t apply. Central bankers didn’t need more rules or regulations. They failed miserably at even carrying out the simple job they had. The regulatory functions of central banks should be treated like those of any other regulatory agency. It is critical that we hold central bankers accountable for their management of the banking system.

Participation%20Rate_0

No Apologies, Only Promotions

One of the most disastrous battles of World War I was the British Gallipoli campaign in Turkey in 1915. It was utterly devastating, leaving more than 50,000 British wounded and almost 100,000 dead. Winston Churchill, first lord of the Admiralty, was one of the architects of the campaign. In the wake of the outcome, he resigned his post to become a soldier in the war. Churchill was a humble man who felt he was at fault. He was honorable. But if Churchill had been a central banker, he would never have had to accept responsibility or resign. He would have kept his job and been given even more far-reaching powers and a big pay raise to boot.

For the past few years, central bankers have been living large. The same people who brought us the Great Financial Crisis are now bringing us a world of Code Red policies and financial repression. The arsonists are running the fire brigade.

Where is the central banker who has apologized for contributing to the crisis or for being asleep at the wheel? Given how disastrous their performance has been, it is extraordinary that the same cast of characters is still running the show. Central bankers are lucky that they still have jobs. As far as we are aware, no central banker was fired for incompetence or mismanagement. Many have retired and are now enjoying generous pensions and highly paid consulting careers advising investment funds as to what their former colleagues might do next.

Labor%20Force

Central bankers have had plenty of time to discuss the financial crisis since 2008, but they have provided only scholarly disquisitions as to what went wrong in the banking crisis, without accepting any responsibility at all. At no time have any central bankers admitted that they might have ignored the warning signs of excessive debt, kept interest rates too low for too long, ignored bubbles in housing markets, failed to regulate banks correctly, or proved themselves even mildly incompetent.

Not only were central bankers not fired, many were promoted instead and given pay raises. Timothy Geithner, who headed the Federal Reserve Bank of New York, not only failed to regulate a host of banks that needed massive government bailouts but was an active apologist for Wall Street banks. For his efforts he was promoted to Secretary of the Treasury under President Obama. In Europe, Spanish central bankers stand out as perhaps the most incompetent ever, having overseen dozens of banks that created the biggest housing bubble in European history and having failed to recognize problems not only before but after they happened. Bankers like Jose Viñals, Jose Caruana, and others were given plum jobs at the IMF and the ECB after being asleep at the wheel in Spain.

Japan debt

Granting extra powers to central banks without a change in the philosophy behind their management is like encouraging an irresponsible teenager. Imagine your teenage son borrowed the family car and crashed it, and instead of punishing him you bought him a new Ferrari to test drive. Conventional monetary policies are like a sturdy old family station wagon, but Code Red policies are like a modified Ferrari 288 GTO capable of hitting 275 miles per hour. Given how spectacularly central banks failed during the Great Financial Crisis, it blows the mind that they’ve been handed the keys to a faster set of wheels.

One last thought. You might get from reading this that we are against rules and regulations. Far from it. We just like very simple, workable rules. Reinstate Glass-Steagall. Limit the ability of banks to create leverage, and require even more capital as they get larger. Banks that are systemically too big to fail are too big, period. Take away the incentive to grow beyond what is prudent for the deposit insurance scheme of a nation to maintain. Allowing bankers to take the profits and then hand taxpayers the losses in a crisis is not good policy, even if it is bolstered by 1,000 pages of regulations written by lawyers and bank lobbyists who then proceed to ”massage” them in order to do what they want to anyway.

But, alas, such hopes may remain dreams deferred until there is yet another crisis and taxpayers are asked to absorb even greater losses (but we can always hope!). So, in the meantime, as prudent investors and managers, we must be aware of the realities we face. The saying in Africa is that it is not the lion you can see that is the danger, instead it is the one hidden in the grass that leaps out at you as you try to escape the one you see. Later we will talk about a few strategies that can help you handle the risks that crouch hidden in the grass.”

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Second this presentation from Grant Williams, investment and financial expert from Singapore, with 28 years of experience of world markets, to get another angle of the same problem. He is now a portfolio and strategy advisor for a hedge fund in Singapore.

“Grant Williams ”pulls no punches” in this all-encompassing presentation as the ”Things That Make You Go Hmmm” author reflects on what is behind us and looks ahead at the ugly reality that we will face when ”the impurities of QE are finally flushed from the system.” Central bankers of today have ”changed everything” he chides, ”in ways that will ultimately end in disaster.” Following extraordinarily easy monetary policies across all of the world’s central banks, Williams explains why ”we are now near the popping point of the 3rd major bubble of the last 15 years,” each bigger than the last. The only way Janet Yellen avoids being at the helm when this ship goes down is to blow an even bigger bubble than Bernanke’s government bond experiment, ”which is highly unlikely.” From how QE works, why many don’t ”feel” wealthy anymore, to the fact that ”the geniuses that gave this thing life, don’t have the guts to kill it,” Williams warns, ominously, ”the bills have come due on the blissful latest 30 years.”

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Returning to a world with which we are familiar is going to require either some real magic on the parts of Draghi, Kuroda, Carney, and soon to be Yellen; or some kind of tornado that sweeps away everything in its path and allows the world to build again from more solid foundations.

20131130_TTMYGH5

Wizened In Oz: ASFA 2013 Presentation. Perth, November 2013

Third, just to remind us that it is the normal, hardworking people that are following the rules that are getting screwed, just take a look at this graph from USA below:

This is why all these welfare systems are going to crash taking the societies with them.

And ALL these SYSTEMS were put in place by politicians KNOWING FULL WELL WHAT THEY VERE DOING and THAT THESE SYSTEM COULDN’T LAST IN THE LONG RUN.

US welfare cliff

http://www.zerohedge.com/news/2013-11-30/other-america-taxpayers-are-fools-working-stupid

“While what little remains of America’s middle class is happy and eager to put in its 9-to-5 each-and-every day, an increasing number of Americans – those record 91.5 million who are no longer part of the labor force – are perfectly happy to benefit from the ever more generous hand outs of the welfare state. Prepare yourself before listening to this… calling on her self-admitted Obamaphone, Texas welfare recipient Lucy, 32, explains why ”taxpayers are the fools”…

”…To all you workers out there preaching morality about those of us who live on welfare… can you really blame us? I get to sit around all day, visit my friends, smoke weed.. and we are still gonna get paid, on time every month…”

She intends to stay on welfare her entire life, if possible, just like her parents (and expects her kids to do the same). As we vociferously concluded previously, the tragedy of America’s welfare state is that work is punished.”

As quantitied, and explained by Alexander, ”the single mom is better off earnings gross income of $29,000 with $57,327 in net income & benefits than to earn gross income of $69,000 with net income and benefits of $57,045.

“We realize that this is a painful topic in a country in which the issue of welfare benefits, and cutting (or not) the spending side of the fiscal cliff, have become the two most sensitive social topics. Alas, none of that changes the matrix of incentives for most Americans who find themselves in a comparable situation: either being on the left side of minimum US wage, and relying on benefits, or move to the right side at far greater personal investment of work, and energy, and… have the same disposable income at the end of the day.”

WELFARE ABUSE: 32 years old Austin, TX welfare recipient says (October 30)

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Why the Euro is doomed – the German households net wealth is not EVEN HALF of that compared to Italians

9 mars, 2013

So the German people/taxpayers who so far have paid most of the bailouts of the bankrupt euro states (Greece, Spain. Portugal, Ireland etc), and were the bankrupt states insists on Germany paying EVEN more to “save the euro” (together with Sweden, Finland etc), don’t even have HALF THE NET WEALTH of the peoples they are bailing out!

No wonder that the German Bundesbank is keeping this report secret. Because I don’t think the people in Germany is going to be “very happy” when they discover the truth.

They have keep their economy in reasonably good shape and paid their taxes. Now they have to pay for the ones who didn’t.

And there is a new Germany Anti-Euro Party with some very prominent figures behind it. Its founders are a collection of some of the country’s top economists and academics, business people, journalist etc.

And by then way, this would never ever happen in Sweden. Because here, these same people, are the ones that have relentlessly driven (together with our “dear” politicians), the integration with EU and moving most of the power to Brussels. What a contrast.

See a few of my many previous EU posts here:

The economic mess and structural problems in EU and US – Part 1

Citizens! Forgive us for not arresting those truly responsible for this crisis: bankers and politicians

This is why the Euro is doomed

EU a stupid empire on purpose

EU – an unaccountable mess created by an undemocratic treaty – Now also a crony Bankocracy)

               (If you click on the graphs they become bigger)

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Here are some of these articles about the growing poverty in Germany and the cover up of these facts. You have to brush up on your German to read most of these.

(My bold and underline)

Household Finance and Consumption Network (HFCN)

http://www.ecb.int/home/html/researcher_hfcn.en.html

Notenbanker zögern Bericht über Ungleichheit hinaus

http://www.faz.net/aktuell/wirtschaft/wirtschaftspolitik/armut-und-reichtum/verteilung-von-vermoegen-notenbanker-zoegern-bericht-ueber-ungleichheit-hinaus-12105481.html

A “Politically Explosive” Secret: Italians Are Over Twice As Wealthy As Germans

http://www.testosteronepit.com/home/2013/3/8/a-politically-explosive-secret-italians-are-over-twice-as-we.html

In December 2006, the ECB established the HFSC network of survey specialists, statisticians, and economists from its own ranks, national central banks of the Eurozone, and statistical institutes. The acronym stood for Household Finance and Consumption Survey. It would collect “micro-level structural information” on household wealth. A massive bureaucratic undertaking. Surveys went out in 2010. Results are now ready. No one in Europe had ever done a survey on that scale before. And no one might ever do it again. Because, in the era of bailouts and wealth-transfers, the results are so explosive that the Bundesbank is keeping its report secret—and word has leaked out why.

The surveys were conducted on a national basis, with each central bank publishing its own report. They would then be combined and summarized by the ECB into a cohesive picture of how wealthy—or how poor—people in various parts of the Eurozone were. A number of countries already published their reports, including Italy and Austria.

What the Austrian National Bank found was not pretty (20-page PDF). The considerable wealth in Austria was very unevenly distributed. The wealthiest 5% owned nearly half of the country’s wealth. Their median wealth was €1.7 million in diversified assets. The lower 50% owned only 4% of the country’s wealth. Of them, 83% rented their homes. Their median wealth was a measly €11,000 consisting usually of a car and a savings account. That’s half of the people! And 10% had a net wealth of less than €1,000.

This unequal distribution of wealth created a huge gap between median income (half the people earned more, the other half less) of €76,000 and average income of €265,000 (pushed up by a small number of extremely wealthy households). And that’s why some countries don’t even publish average income values. Too much truth would hurt.

Germany’s data is likely to be similar—but the Bundesbank is treating its report like a secret. Because the results are, let’s say, awkward for two reasons. The highly unequal distribution of wealth is one of them. The German government already went through wild gyrations late last year, and now again, over its Poverty Report that exposed some inconvenient facts that were then edited out—something that was leaked immediately, and it caused a ruckus [read…. Censored: Poverty Report in Germany].

Italy is the other issue. But it may be too hot for the Bundesbank to touch. Italy’s report (142-page PDF) finds that median household net wealth has increased 56% since 1991. And from 2008 to 2010, it increased by about 5% annually, despite the crisis!

But the wealth of German households stagnated during much of that time while they paid taxes out of their noses. And now they might learn that Italy’s median household wealth is €163,875—while Germany’s is closer to Austria’s, around €76,000. Less than half!

“Politically explosive,” sources at the Bundesbank whispered to the FAZ.

These reports show that in some countries, like Italy, where government finances have been in crisis, median household wealth is actually greater than in some financially healthy countries where governments have kept deficits and debts down.

Germany’s federal government only had a minuscule deficit in 2012. But high taxes and the citizens’ greater willingness to pay them—though cheating is a national sport—have over the years extracted a lot of wealth from the people and transferred it to the government. In Italy, people have been more adept at hanging on to their wealth. To the detriment of government finances. Other studies have shown similar trends, but never on such a scale with such detail, and in this “harmonized” and easily comparable manner.

It could stir up a firestorm in Germany. It’s not just jealousy. Strung-out German taxpayers would have to be bamboozled into bailing out the mountain of Italian government debt that the Italians, whose median wealth is twice that of Germans, refused to pay for. It won’t sit well. Not at all. It could become a political nightmare for Chancellor Angela Merkel, who faces an election in a few months and must keep any kind of tumult out of the scenery.

If the report ever sees the light of the day in unvarnished form—not a certainty given the debacle of the Poverty Report—Bundesbank statisticians will be trying to explain away the difference between countries like Italy and Germany. Household wealth is particularly high in countries with high homeownership rates, they will argue. In countries where renting is popular, like Germany, a considerable part of the housing stock is owned by the government and rented out in a subsidized manner. Thus the wealth is public, etc. etc. Because the bailout saga must go on. The messy reality that Germans can’t afford to bail out their richer neighbors must not be allowed to interfere with the grand and glorious saga of the euro.

Every country in the Eurozone has its own collection of big fat lies that politicians and eurocrats have served up in order to make the euro and the subsequent bailouts or austerity measures less unappetizing. Here are some from the German point of view….. Ten Big Fat Lies To Keep The Euro Dream Alive.”

The Italian report here (I BILANCI DELLE FAMIGLIE ITALIANE NELL’ANNO 2010):

http://www.bancaditalia.it/statistiche/indcamp/bilfait/boll_stat/suppl_06_12new.pdf

Part of the Austrian report here:

http://www.hfcs.at/de/img/fakten_zur_vermoegensverteilung_in_oesterreich_tcm14-251411.pdf

20130306_EU_0

The report “on Poverty and Wealth” (Lebenslagen in Deutschland) here:

http://www.bmas.de/SharedDocs/Downloads/DE/PDF-Publikationen-DinA4/a334-4-armuts-reichtumsbericht-2013.pdf?__blob=publicationFile

Immer mehr Münchner sind arm

http://www.sueddeutsche.de/muenchen/armutsbericht-immer-mehr-muenchner-sind-arm-1.1501067

Bundesregierung schönt Armutsbericht

http://www.sueddeutsche.de/politik/einkommensverteilung-in-deutschland-bundesregierung-schoent-armutsbericht-1.1535166

Censored: Poverty Report in Germany

http://www.testosteronepit.com/home/2012/11/28/censored-poverty-report-in-germany.html

“On September 17, the German Labor Ministry sent a draft report “on Poverty and Wealth” to the other ministries to be rubber-stamped. Only the final report, once sanctified by Chancellor Angela Merkel, would be made public. The draft was supposed to remain hidden. But it seeped to the surface almost immediately. And it was hot. Too hot.

The massive data (PDF, 535 pages) described the tough reality that many people faced in Germany—a reality that got tougher every year. For example, in 1998, the lower 50% of the population owned 4% of all private wealth, while the upper 10% owned 45%. By 2008, the lower 50% owned only 1%, but the upper 10% had increased its share to 53% (at the expense also of the in-between 40%). Other reports have painted similar pictures.

The poverty report by Germany’s statistical agency showed that the “poverty rate” in Germany has been creeping up: in 2008, it was 15.5%; in 2009 it was 15.6%, and in 2010 it was 15.8%. Particularly hard-hit were people under 65 who lived alone. Their poverty rate was 36.1%. For single-parent households, it was 37.1%. The city of Munich issued its own poverty report. By taking into account Munich’s high cost of living, it found that nearly a fifth of its residents lived in poverty.”

Germany‘s New Anti-Euro Party

http://www.spiegel.de/international/germany/new-party-in-germany-goes-after-euro-skeptic-voters-a-887744.html

“A new party is forming this spring, intent on abandoning European efforts to prop up the common currency. And its founders are a collection of some of the country’s top economists and academics.”

Named Alternative für Deutschland (Alternative for Germany), the group has a clear goal: ”the dissolution of the euro in favor of national currencies or smaller currency unions.” The party also demands an end to aid payments and the dismantling of the European Stability Mechanism bailout fund.

”Democracy is eroding,” reads a statement on its website (German only). ”The will of the people regarding (decisions relating to the euro) is never queried and is not represented in parliament. The government is depriving voters of a voice through disinformation, is pressuring constitutional organs, like parliament and the Constitutional Court, and is making far-reaching decisions in committees that have no democratic legitimacy.”

Prominent Supporters

Alternative for Germany appears to be different, though it has yet to produce a party manifesto. Its impressive list of prominent supporters includes a large number of conservative and economically liberal university professors. The most notable name on the list is Hans-Olaf Henkel, the former president of the Federation of German Industries, but it also includes such economists as Joachim Starbatty and Wilhelm Hankel, who were part of the group that challenged Greek bailout aid at Germany’s Constitutional Court.

Main initiator Bernd Lucke, a professor of macro-economics from Hamburg, was a member of Chancellor Angela Merkel’s Christian Democrats for 33 years before leaving the party in 2011 as a result of euro bailout efforts. ”The current, so-called rescue policies are exclusively focused on short-term interests, primarily those of the banks,” Lucke told the Frankfurter Allgemeine Zeitung this week.”

Here is a list of some the supporters:

http://www.alternativefuer.de/

“Die Alternative für Deutschland wird unterstützt von

Dr. Konrad Adam, Journalist (FAZ, Die Welt) und Publizist.

Walther Adler, Oberregierungsrat, Statistisches Bundesamt, Diez.

Prof. Dr. Hans–Günter Appel, Beiratsvorsitzender Nationale Anti–EEG–Bewegung.

Prof. Dr. Ronald Asch, Geschichtswissenschaften, Freiburg.

Dr. Bruno Bandulet, Journalist und Verleger, Bad Kissingen.

Prof. Dr. Charles Blankart, Volkswirtschaftslehre, Berlin.

Prof. Dr. Ulrich Blum, Präsident des Instituts für Wirtschaftsforschung Halle a. D.

Prof. Dr. Ursula Braun–Moser, Mitglied des Europäischen Parlaments (CDU) 1984–1994.

Peter Christ, vormals Leiter der Wirtschaftsredaktion ”Die Zeit” und Chefredakteur von Stuttgarter Zeitung, Manager Magazin, Sächsische Zeitung u. a., Luzern.

Prof. Dr. Ludwig Cromme, Mathematik, Cottbus.

Wolfgang von Eichborn, Richter, vormals Referent der SPD–Bundestagsfraktion, Ebersberg.

Dieter Farwick, Brigadegeneral a. D. und Publizist, Sigmaringen–Laiz.

Prof. Dr.–Ing. Thomas Albert Fechter, Maschinenbau, Wiesbaden.

Prof. Dr. Herbert Frohnhofen, Systematische Theologie, Mainz.

Dr. Alexander Gauland, Staatssekretär a. D., Potsdam.

Ass. Jur. Albrecht Glaser, Stadtkämmerer der Stadt Frankfurt/Main a. D., Bürgermeister a. D., Niedenstein.

Prof. Dr. Andrea Gubitz, Volkswirtschaftslehre, Frankfurt.

Prof. Dr. Gernot Gutmann, Volkswirtschaftslehre, Rektor Universität zu Köln a. D.

Prof. Dr. Wilhelm Hankel, Präsident der Hessischen Landesbank a. D., Königswinter.

Michael Heendorf, Kriminalbeamter a. D., Magdeburg.

Prof. Dr. Ing. E.h. Hans–Olaf Henkel, Praesident der IBM Europa, des Bundesverbandes der Deutschen Industrie (BDI) und der Leibniz–Gemeinschaft a.D.

Prof. Dr. Carsten Herrmann–Pillath, Volkswirtschaftslehre, Frankfurt.

Prof. Dr. Stefan Homburg, Volkswirtschaftslehre, Hannover.

Dr. Wolfgang Hönig, Generalbevollmächtigter a. D. der Commerzbank AG, Frankfurt.

Dr. Johannes Hüdepohl, Sprecher Bündnis Bürgerwille, Ahrweiler.

Markus Keller, Aktiva Consult GmbH, Frankfurt.

Gerhard Koning, Bankvorstand a. D., Kelkheim.

Wolfgang Kräher, Dipl.–Ing. Werkstofftechnik, Bad Dürkheim.

Caroline Kreusler, Klipp+Klar Unternehmenskommunikation, Hamburg.

Prof. Dr. Jörn Kruse, Volkswirtschaftslehre, Hamburg.

Dr. Klaus–Peter Last, freiberuflicher Softwarespezialist, 1991–1998 Landesschatzmeister von Bündnis90/Die Grünen Mecklenburg–Vorpommern.

Prof. Dr. Bernd Lucke, Hochschullehrer, Universität Hamburg.

Prof. Dr. Helga Luckenbach, Volkswirtschaftslehre, Gießen.

Dagmar Metzger, wordstatt GmbH, München.

Prof. Dr. Dirk Meyer, Volkswirtschaftslehre, Hamburg.

Stefan Milkereit, Steuerberater, Biebertal.

Klaus Müller, Horländer GmbH, Speyer.

Dr. Frauke Petry, Geschäftsführerin purinvent GmbH, Leipzig.

Prof. Manfred Philipp, Chemie, The CityUniversity of New York.

Prof. Dr. Hayo Reimers, Wirtschaftswissenschaften, Gießen.

Martin Renner, Cosmed Marketing und Kommunikation GmbH, Wuppertal.

Prof. Dr. Christian Rennert, Betriebswirtschaftslehre, Köln.

Prof. Dr. Gisbert Richard, Direktor der Universitäts–Augenklinik, Hamburg.

Dr. Thomas Rietzschel, Autor und Journalist, Roßbach.

Dr. Oliver Safarowsky, Chemiker und Betriebswirt, Köln.

Prof. Dr. Karl Albrecht Schachtschneider, Öffentliches Recht, Hamburg.

Bodo Schmidt, Kölnische Haus– und Grundstücksverwaltung, Köln.

Prof. Dr. Peter Schneider, Erziehungswissenschaft, Paderborn.

Hansjörg Schrade, ecofit, Stv. Vorsitzender Aktionsbündnis Direkte Demokratie, Reutlingen.

Prof. Dr. Wolfgang Schöhl, Wirtschaftsjournalismus, Darmstadt.

Wolf–Joachim Schünemann, ASS Versicherungsmakler GmbH.

Prof. Dr. Wolfgang Seeger, Neurochirurgie, Freiburg.

Dr. Bernhard Seitz, Aktionsbündnis Direkte Demokratie, Stuttgart.

Dr. Dieter Spethmann, Vorstandsvorsitzender Thyssen AG a. D.

Prof. Dr. Michael Stahl, Geschichtswissenschaften, Darmstadt/Berlin.

Prof. Dr. Joachim Starbatty, Volkswirtschaftslehre, Tübingen.

Dr. Norbert Stenzel, Geschäftsführer Wetterauer Lieferbeton, Bad Nauheim.

Prof. Dr. Roland Vaubel, Volkswirtschaftslehre, Mannheim.

Dr. Katharina Vocke–Schöhl, Geschäftsführerin und Dozentin, Darmstadt.

Prof. Dr. Heiner Willenberg, Didaktik der deutschen Sprache und Literatur, Hamburg”

Some points from the programme (again, you have to brush up on your German):

http://www.alternativefuer.de/programm.html

“Unser Standpunkt

In ernster Sorge vor politischen und wirtschaftlichen Fehlentwicklungen in Deutschland und in der Europäischen Union haben wir die Partei ”Alternative für Deutschland” gegründet. Die europäische Schulden- und Währungskrise hat viele Menschen davon überzeugt, dass die Altparteien zu einer nachhaltigen, transparenten, bürgernahen, rechtsstaatlichen und demokratischen Politik nicht imstande oder nicht willens sind. Wir formulieren Alternativen zu einer angeblich alternativlosen Politik. Dabei bejahen wir uneingeschränkt die freiheitlich-demokratische Grundordnung der Bundesrepublik Deutschland und die im Grundgesetz und in den Römischen Verträgen angelegte friedliche Einigung Europas.“

 Währungspolitik

 •Wir fordern eine geordnete Auflösung des Euro-Währungsgebietes. Deutschland braucht den Euro nicht. Anderen Ländern schadet der Euro.

•Wir fordern die Wiedereinführung nationaler Währungen oder die Schaffung kleinerer und stabilerer Währungsverbünde. Die Wiedereinführung der DM darf kein Tabu sein.

•Wir fordern eine Änderung der Europäischen Verträge, um jedem Staat ein Ausscheiden aus dem Euro zu ermöglichen. Jedes Volk muss demokratisch über seine Währung entscheiden dürfen.

•Wir fordern, dass Deutschland dieses Austrittsrecht aus dem Euro erzwingt, indem es weitere Hilfskredite des ESM mit seinem Veto blockiert.

•Wir fordern, dass die Kosten der sogenannten Rettungspolitik nicht vom Steuerzahler getragen werden. Banken, Hedge-Fonds und private Großanleger sind die Nutznießer dieser Politik. Sie müssen zuerst dafür geradestehen.

•Wir fordern, dass hoffnungslos überschuldete Staaten wie Griechenland durch einen Schuldenschnitt entschuldet werden. Banken müssen ihre Verluste selbst tragen oder zu Lasten ihrer privaten Großgläubiger stabilisiert werden.

•Wir fordern ein sofortiges Verbot des Ankaufs von Schrottpapieren durch die Europäische Zentralbank. Inflation darf nicht die Ersparnisse der Bürger aufzehren

Europapolitik

•Wir fordern ein Europa souveräner Staaten mit einem gemeinsamen Binnenmarkt. Wir wollen in Freundschaft und guter Nachbarschaft zusammenleben.

•Wir fordern, das Budgetrecht den nationalen Parlamenten zu belassen. Eine Transferunion oder gar einen zentralisierten Europastaat lehnen wir entschieden ab.

•Wir fordern, Gesetzgebungskompetenzen zurück zu den nationalen Parlamenten zu verlagern. Über Glühbirnen und Gurkenkrümmungen kann der Bundestag alleine entscheiden.

•Wir fordern eine Reform der EU, um die Brüsseler Bürokratie abzubauen und Transparenz und Bürgernähe zu fördern.

•Wir fordern, die Bezüge der Brüsseler Beamten auf Normalmaß zurückzuführen. Es ist schändlich, dass Tausende Brüsseler Beamte mehr verdienen als die Bundeskanzlerin.

•Das europäische Parlament hat bei der Kontrolle Brüssels versagt. Wir unterstützen nachdrücklich die Positionen David Camerons, die EU durch mehr Wettbewerb und Eigenverantwortung zu verschlanken.

Staatsfinanzen und Steuern

•Wir fordern, die Schuldenbremse zu achten und die Schuldenberge abzubauen. Auch Deutschland hat viel mehr Schulden als zulässig.

•Wir fordern, dass die Haftungsrisiken aus der Euro-Rettungspolitik endlich in der Finanzplanung berücksichtigt werden. Derzeit wird den Bürgern bewusst Sand in die Augen gestreut.

•Wir fordern eine drastische Vereinfachung des Steuerrechts. Der Bürger muss verstehen können, warum er in welcher Höhe besteuert wird. Die Cleveren sollen nicht besser behandelt werden als die Ehrlichen.

•Wir fordern ein Steuersystem, in dem Reiche absolut und prozentual stärker belastet werden als Arme. (Progressive Einkommensbesteuerung).

•Wir fordern, dass die Politik sich dem Einfluss von Lobby-Gruppen entzieht und einen bürgernahen Vorschlag – bspw. den Kirchhof’schen Steuerreformvorschlag – umsetzt

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The economic mess and structural problems in EU and US – Part 1

23 januari, 2013

EU, and the political elites behind it, is no longer a caricature or a joke. They have managed to become a joke of a caricature. An absurd Alice in Wonderland economic and political farce is playing out and the common people of Europe is, as usual, paying the price.

Here is just some updated data to some of my previous posts. It ain’t pretty to say the least!

(See my posts:

Citizens! Forgive us for not arresting those truly responsible for this crisis: bankers and politicians

This is why the Euro is doomed

EU a stupid empire on purpose

EU – an unaccountable mess created by an undemocratic treaty – Now also a crony Bankocracy)

The EU Crisis is anything but over regardless of what the political elites are trying to tell people in Europe. The ECB may have pushed the banking crisis temporarily back by promising unlimited bond buying. Yes, dear people, read that again – UNLIMITED!

That’s your tax money spent like a drunken sailor.

But soon there is NO MONEY LEFT.

So here we go again for the 7th, 8th or is it the 9th time so far – Europe’s banking system is breaking down again. No surprise to anybody expect or politicians and bankers.

Just start adding up the GIGANTIC NUMBERS and be utterly horrified!

This is the situation that politicians and the banks have put the common people of Europe in.

They are literally ruining us all. And WE, the common people, have to pay the price of their folly and speculations.

As a longtime observer of EU noticed:

Then again, on the insolvent continent, nothing really surprises us any more.”

And:

How can broke economies lend money to other broke economies who haven’t got any money because they can’t pay back the money the broke economy lent to the other broke economy and shouldn’t have lent them in the first place because the broke economy cant pay it back”.

Even a 5 year old can understand this. But not “our” politicians and bankers.

Remember that the Euro was always a political project. That’s why “they” haven’t done the”proper” economic policies. Because these policies would undermine the political purpose of the Euro. So they, the political elites of EU, are trapped. And that’s why the Euro was domed from the beginning.

And of course, none of this is covered in the mainstream/old media or by our “dear” politicians.

                                  Greece

Greek Bank Capital Needs at EU27.5 Billion, Bank of Greece Says

http://www.bloomberg.com/news/2012-12-27/greek-bank-capital-needs-at-eu27-5-billion-bank-of-greece-says.html

Greece’s four largest banks need to boost their capital by 27.5 billion euros ($36.3 billion) after taking losses from the country’s debt swap earlier this year, the largest sovereign restructuring in history.

National Bank of Greece SA, the country’s biggest lender, needs to raise 9.8 billion euros, according to an e-mailed report by the Athens-based Bank of Greece (TELL) today. Eurobank Ergasias SA (EUROB) needs 5.8 billion euros, Alpha Bank (ALPHA) needs 4.6 billion euros and Piraeus Bank SA (TPEIR) needs 7.3 billion euros, according to the report. Total recapitalization needs for the country’s banking sector amount to 40.5 billion euros, the report said.”

To put this in perspective: The entire capital base of the Greek banking system is only €22 billion.

By saying that Greek banks need €27.5 billion Greece is essentially admitting that is needs to recapitalize its entire banking system. Also, you should know that Greek banks are still sitting on €46.8 billion in bad loans.

So the Greek banks have a capital base of €22 billion and bad loans of €46.8 billion.

There is a name for this – Bankrupt!

And remember, this is AFTER ALL the “rescue plans”, bailouts etc. already implemented so far by the “Troika” (IMF, ECB and EC).

                                                  Cyprus      

Cyprus is the euro area’s third-smallest economy in GDP terms, accounting for less than 0.2% of the region’s output. Yet the country urgently needs external funding and applied for an Troika (EC/IMF/ECB) programme last summer. In the meantime, the amount in question has risen to EUR 17.5bn (100% of GDP).

Read that again – 100% of GDP!

By mid-2012, larger banks like Bank of Cyprus or Cyprus Popular Bank alone reported loans to Greek borrowers that exceeded Cyprus’ GDP.

The Cyprus central bank’s emergency liquidity assistance (ELA) to the banking system skyrocketed from EUR150m in March 2012 to EUR 9.9bn (55% of GDP) in September.

So the Cyprus central bank only in September but in 55% of the whole Cyprus GDP into its own banking sector.

20130119_cyprus2

                                                 Spain

Bankia worthless says new report

http://www.euronews.com/2012/12/27/bankia-worthless-says-new-report/

Bankia’s shareholders have received a nasty new year’s surprise. They may lose most of their investments or even all of them says the Spanish bank rescue fund in its latest report.

According to FROB, the Fund for Orderly Bank Restructuring, Bankia has a negative value of 4.2 billion euros, and its parent group BFA is 10.4 bn in the red.

Valuation is key in the recapitalisation of Spain’s banking system, weighed down by massive bad loans accumulated in a property bubble that burst in 2008. Bankia/BFA is set to receive 18 bn euros of European aid, and become the country’s biggest bailout recipient.”

A little known fact about the Spanish crisis is that when the Spanish Government merges troubled banks, it typically swaps out depositors’ savings for shares in the new bank.

So when the newly formed bank goes bust,  your savings are GONE. Not gone as in some Spanish version of the FDIC will eventually get you your money, but gone as in gone forever.

This is why Bankia’s collapse is so significant: in one move, former depositors at seven banks just lost virtually everything.

In addition, things are going from worse to worst, as bad loans in Spain continue to accelerate to massive new record highs.

20130118_SPAINLOAN_0

Index of Spanish Industrial Output

index of Spanish Industrial Output

                                                 Italy

In Jan 2012, Italy’s government believed Italy’s 2012 GDP would come in at – 0.4%. The actual in (Q3) – 2,4% (so far).  Only a miss by 600%.

20130118_ITALYGDP_0

And the forecast for Italy’s GDP in 2013 is being lowered every month. Each one as inaccurate as the previous one.

20130118_ITALYGDP1_0

And then there is Ireland, Portugal, France….

Part two tomorrow about USA.

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The active lying and deceit behind the creation of EU – The British story

5 januari, 2013

The all too familiar story how the political elite, in their own words and documents, decided to deceive and actively lie to the British people in an all out effort to join the “common market”.

Here is a piece by Christopher Booker and Richard North (see below) on the deceit and active lying behind Britain’s entry to the EU in their, the politicians, own words.

“The real problem the British people have had with the ‘European project’, as its insiders call it, is that they have never really begun to understand its real nature, and what was always intended to be its ultimate goal.

The chief reason for this is that our politicians have never properly explained it to us.

What makes this so much worse is that those who were most enthused by it, such as Heath, knew full well what ‘the project’ was really about — the plan to weld all Europe together under an unprecedented form of super-government.

They deliberately decided to conceal it from us, for fear that our anxieties about our loss of sovereignty might prevent them from being allowed to join.”

“Thus, stealthily assembled over decades, would this new ‘country called Europe’ finally take its place on the world stage. What we found most shocking in researching this story was that, when Britain’s leaders first considered joining the project, they were made fully aware of this hidden agenda.

As we see from Cabinet papers and other documents of the early Sixties, Prime Minister Harold Macmillan and his ‘Europe Minister’ Edward Heath were put completely in the picture about the secret ‘grand plan’. But in June 1961 the Cabinet formally agreed that it must not be revealed to the British people.

In Macmillan’s words, to admit ‘the political objectives’ of the Rome Treaty would raise ‘problems of public relations’ so ‘considerable’ that they should be kept under wraps. It was vital to emphasise only the economic advantages of British entry.”

“On the day we entered, he told the British people on television that any fears that ‘we shall in some way sacrifice independence and sovereignty’ were ‘completely unjustified’.

This was a deliberate lie, as no one knew better than him and the senior Foreign Office official who two years earlier had written a secret paper on ‘Sovereignty’.

The paper chillingly spelled out how it would be the end of the century before the British people woke up to how much of their power to govern themselves and make their own laws had been given away — by which time it would be too late.”

We seen this sad story repeated in country after country. The same behaviour with few exceptions.

This relentless drive at ALL COSTS from the political elites, on purpose, for a political union and European super state regardless of the will of the people.

And if the people protest and object, as they have EVERY time they where ALLOWED to, it doesn’t matter! Run them over, force it through one way or the other as the examples from the last 40 years clearly shows.

“At first it should be presented as just a trading arrangement, the ‘Common Market’ set up in 1957 by the Treaty of Rome. But the essence of that treaty was to create the core institutions of what Monnet always intended should one day be the ‘Government of Europe.

The idea was to work for ‘ever closer union’.

Treaty by treaty, it would take over more powers from national governments, based on the sacred principle that once power to make laws was handed over to Brussels it could never be given back.”

As I wrote in my post Citizens! Forgive us for not arresting those truly responsible for this crisis: bankers and politicians as the banderol of the police demonstration in Madrid so neatly summed it up:

”Citizens! Forgive us for not arresting those truly responsible for this crisis: bankers and politicians.”

The whole economic and political crisis in EU and USA summarized in one simple sentence.”

Citizens! Forgive us for not arresting those truly responsible for this crisis- bankers and politicians

And as I wrote in my post EU a stupid empire on purpose:

“This is one of the best and succinct descriptions of EU I have seen:

“The European Union is like a hospital where all the doctors are mad. It doesn’t matter what is wrong, the treatment is always the same – more integration – and it is always wrong. The best thing to do is never to enter it.

Once you are in, the best thing to do is to leave. If you can’t get out, you will probably die.”

I disagree with one thing this author says: “EU is the Stupid Empire”. EU is a POLITICAL project. The Euro is part of that political project.

A lot of  EU’s decisions make no economic sense whatsoever. In that regard, Peter Hitchens observation that “EU is the Stupid Empire” is completely right.  Not to mention the enormous cost to the common people of all these political motivated but economically disastrous decisions.

The economic side was always a way to “sell it to the people”. Step by step. So that the political agenda could be slowly, but steadily implemented. Until it was too late. The political elites new ALL along that had the EU project been presented to the people for what it really is, people in ALL countries would have rejected it.

BUT EU was on purpose designed this way. So that the people could not stop this political project.

Never forget that ALL the political elites, irrespective of party or ideology, in the EU countries were behind this. With very few exceptions.

One small example, before the referendum on the Euro in September 2003 in Sweden, ALL parties (with the exception of some communists, greens, socialists and some from the agrarian party, ALL big unions, ALL mainstream media, ALL the representatives of the business world etc was for the Euro. And they put massive financial and personal resources behind this.

But the Swedish people, wisely, rejected this with 56% to 42%.

In the latest opinion poll, December 2011, 87,6% of the Swedish people were against the Euro. 9,7 % for. (Update- one year later these figures are even worse).

They planned this, and wanted this. And they kept on purpose this real ideology behind the EU project well hidden from their citizens in their countries.

They kept everything on purpose, including treaties, SO technical and juridical that it was totally unreadable for the common people. Like the EU “constitution”.

Just to give one example of how meaningless the local parliaments have become:

In Sweden 65 to 85%, depending of which area, of “decisions” made by the Swedish parliament HAVE ALREADY BEEN DECIDED IN BRUSSELS.

I.E. The national Swedish parliament is in reality rubber-stamping Brussels decisions and implementing them.

That’s all!

And they cannot change even one syllable in these decisions. So much for “representing” the will of the people.

But of course, they are not telling us that. They pretend that ALL these decisions are made locally by the Swedish parliament as the “sovereign” representatives for the Swedish nation. When in reality they can, to the most part, only decide the colour of their on toilets.”

And sadly, and as usual, the mainstream media/old media has for the most part taken en active role in promoting this political union and the European Super State. Add to that, the press utter failure to inform the people of their respective countries how EU REALLY works. And what it means to people and the sovereignty of their countries.

Most journalists have no clue about the important “inner” bureaucratic game and ”the machinery” where nearly everything is decided. Instead, we see these useless reports and photo ops when the prime ministers or finance ministers meet. When in reality 99,8 or 9 % is already decided before they meet. Most of it is just a “show”. Often “very dramatic” late in to the night.

And this is nothing new.  We have seen so many different examples of this betrayal of journalist in their role as journalist. This is just sadly another.

Some other EU posts here:

Citizens! Forgive us for not arresting those truly responsible for this crisis: bankers and politicians

EU a stupid empire on purpose

EU – an unaccountable mess created by an undemocratic treaty – Now also a crony Bankocracy

The scam that is called EU and the Euro is behind the present crisis

Who the Hell do You Think You Are: The Euro Game Is Up!

EU – an unaccountable mess created by an undemocratic treaty

EU – The aim of this treaty is to be unreadable and unclear AND it can not be understood by ordinary citizens

The New EU foreign minister – An undemocratic appointment to an undemocratic post created by an undemocratic treaty

EU- an expensive pile of festering rubbish, mired in corruption, surrounded by inept and impotent politicians

EU: s foreign minster performance so far – lacklustre and a pushover 2

The HUGE difference between EU and USA in response to Haiti.

EU: s foreign minster performance so far – lacklustre and a pushover

EU – The inner game and the Corruption that Cost £684 931,5 per hour EVERY hour EVERY day EVERY year. And is increasing

The EU Auditors have, for the 15th year in a row, refused to sign off the EU’s accounts owing to Fraud and Mismanagement in the budget

                       EU Youth Unemployment Rates

20121206_EUYouth_0

(My bold and underlining)

Monumental deceit: How our politicians have lied and lied about the true purpose of the European behemoth

http://www.dailymail.co.uk/news/article-2255506/Monumental-deceit-How-politicians-lied-lied-true-purpose-European-behemoth.html

By Christopher Booker

Forty years ago today, in what was arguably the most fateful political move ever made by a British Prime Minister, Edward Heath took us into what was then called the ‘Common Market’.

Such a step had scarcely been mentioned at the previous General Election, and the British people had very little idea of what they were letting themselves in for, other than a trading arrangement that might make it easier for us to sell our goods to our Continental neighbours.

Four decades later, the picture could scarcely look more different. We have seen that supposedly cosy club we joined transformed, step by step, into a vast, bloated bureaucratic empire, imposing its suffocating rule over 27 nations.

We have also seen it plunged into the most destructive crisis in its history — one it has brought entirely on itself by its reckless dream of locking the countries of Europe together into the straitjacket of the euro.

During those 40 years the British have never been happy members of this club. Too often we have been out of step, and even bitterly at odds, with the rest — as in our refusal to join that single currency.

But today, as the EU’s inner core of countries drive towards ‘full political union’ in a desperate bid to save their doomed euro, the British now look at this swollen political monster with fearful bemusement.

Politicians of every party talk plaintively about the need for us to negotiate a ‘looser relationship’ with the EU, while opinion polls consistently show a growing majority wanting to leave it altogether — an option that even David Cameron no longer rules out.

Even on the Continent, influential voices are now recognising that something very significant is happening in Britain, as they suggest we should perhaps be allowed something never seen before — a mere ‘associate membership’ of the EU, allowing us to continue trading with it but without all its political superstructure.

How did we come to such a pass? Are we today looking at another historic crossroads, in its own way just as fateful as the one we faced back in 1973?

The real problem the British people have had with the ‘European project’, as its insiders call it, is that they have never really begun to understand its real nature, and what was always intended to be its ultimate goal.

The chief reason for this is that our politicians have never properly explained it to us.

What makes this so much worse is that those who were most enthused by it, such as Heath, knew full well what ‘the project’ was really about — the plan to weld all Europe together under an unprecedented form of super-government.

They deliberately decided to conceal it from us, for fear that our anxieties about our loss of sovereignty might prevent them from being allowed to join.

Ten years ago, with my co-author Richard North, I wrote a comprehensively researched history of the ‘European project’.

I had already been reporting for years on the incredible damage membership of the EU was doing to British life, through thousands of crazy directives and regulations, through the destruction of our proud fishing industry and the undermining of our agriculture, which was until 1973 the most efficient in Europe.

The real story, surprisingly, goes back to the 1920s, when a senior League of Nations official, Frenchman Jean Monnet, first began to dream of building a ‘United States of Europe’, very much on the lines that decades later would shape the European Union as it is today.

After World War II, Monnet, by then the second most powerful man in France, finally set the project on its way. He knew there was no chance of bringing such an astonishingly ambitious vision into being all at once. So his plan was that it should gradually be constructed, piece by stealthy piece, without ever declaring too openly what was intended to be its ultimate goal.

At first it should be presented as just a trading arrangement, the ‘Common Market’ set up in 1957 by the Treaty of Rome. But the essence of that treaty was to create the core institutions of what Monnet always intended should one day be the ‘Government of Europe.

The idea was to work for ‘ever closer union’.

Treaty by treaty, it would take over more powers from national governments, based on the sacred principle that once power to make laws was handed over to Brussels it could never be given back.

Ever more countries would be brought into the net, until the project reached its ultimate goal as a super-government, with its own president and parliament, its own currency and armed forces, its own flag and anthem — all the attributes of a fully-fledged nation state.

Thus, stealthily assembled over decades, would this new ‘country called Europe’ finally take its place on the world stage. What we found most shocking in researching this story was that, when Britain’s leaders first considered joining the project, they were made fully aware of this hidden agenda.

As we see from Cabinet papers and other documents of the early Sixties, Prime Minister Harold Macmillan and his ‘Europe Minister’ Edward Heath were put completely in the picture about the secret ‘grand plan’. But in June 1961 the Cabinet formally agreed that it must not be revealed to the British people.

In Macmillan’s words, to admit ‘the political objectives’ of the Rome Treaty would raise ‘problems of public relations’ so ‘considerable’ that they should be kept under wraps. It was vital to emphasise only the economic advantages of British entry.

Thus did Macmillan and Heath become drawn into complicity with that same web of deceit which was driving the ‘project’ itself (which is why we called our book The Great Deception).

Twice in the Sixties Britain made failed attempts to join the project — but within weeks of Heath entering Downing Street in 1970, he applied to Brussels a third time. Scarcely had negotiations begun than he learned that his future partners were already discussing the next steps along their path to full integration: a single currency, European defence forces, a common foreign policy.

Heath immediately sent word to Brussels pleading for all this to be kept quiet, because it might blow the gaffe with British voters.

For two years the negotiations continued, with Heath handing over all he was asked for, from giving away Britain’s fishing waters, the richest in the world, to become ‘a common European resource’, to the betrayal of our Commonwealth partners by excluding their goods from what had been for many their main export market.

Finally, Heath got what he was after: entry to the club — although he still pretended that the Common Market was little more than a trading arrangement.

On the day we entered, he told the British people on television that any fears that ‘we shall in some way sacrifice independence and sovereignty’ were ‘completely unjustified’.

This was a deliberate lie, as no one knew better than him and the senior Foreign Office official who two years earlier had written a secret paper on ‘Sovereignty’.

The paper chillingly spelled out how it would be the end of the century before the British people woke up to how much of their power to govern themselves and make their own laws had been given away — by which time it would be too late.

So began the dismal story which has been unfolding ever since. Already by the late Seventies, as the Common Market morphed into ‘the European Community’, we were becoming known in Brussels as ‘the awkward partner’.

Then came Mrs Thatcher’s five-year battle to win that rebate on our payments into the EU budget which, thanks to the ludicrously lop-sided conditions accepted by Heath, would have made us the largest single contributor by 1985.

In 1986 came the treaty called the Single European Act, which not only set up the Single Market but handed over to Brussels all sorts of other powers, including environmental laws which were to lead to everything from the shambles of our rubbish collections to building thousands of hated and useless wind turbines.

                                           EBC Balance sheet

EBC Balance sheet

In 1990, nothing did more to inspire hostility to Mrs Thatcher among her European colleagues, led by Jacques Delors, than her defiant opposition to the Maastricht Treaty, designed to create the European Union, introduce the ‘social chapter’ and, above all, to launch the single currency.

As soon as he replaced her, John Major proclaimed his wish for Britain to be ‘at the heart of Europe’ and signed the Maastricht Treaty (admittedly with those vital opt-outs for Britain on the single currency and the social chapter).

But seven years later he ended up more at odds with his partners than ever, as they imposed their worldwide ban on the export of all British beef products over ‘mad cow disease’, tried to sneak us into the social chapter under ‘health and safety’ rules and laid their plans for yet another integrationist treaty in Amsterdam.

Tony Blair, too, wanted to be ‘at the heart of Europe’, as the single currency approached (which he would love to have joined), signing us up to the social chapter with its damaging working-time rules, and two more treaties, at Amsterdam and Nice.

But he too found it hard to keep up with that relentless drive for ever closer union, as it led to seven years of tortuous negotiation to create ‘A Constitution for Europe’, eventually sabotaged by the voters of France and Holland, so that it had to be smuggled in by deceit as the Lisbon Treaty (which, among much else, incorporated the Court of Human Rights into the EU). Scarcely was the ink dry on Prime Minister Gordon Brown’s signature on that treaty than the EU was plunged into its worst-ever crisis over the euro, which today is spreading misery across southern Europe.

As always, the response of the EU’s leaders has been to call for yet ‘more Europe’, and a new treaty to force the eurozone members into ‘full political union’.

This is now leaving Britain more obviously marginalised than ever, condemned to remain in the outer ring of a club, many members of which would now be only too pleased to see the back of us.

This humiliating prospect has seen our politicians running around like bewildered sheep, bleating about the need for Britain to negotiate a ‘looser relationship’ with the EU, to get back to that trading arrangement we thought we were entering 40 years ago.

Astonishingly, this is now even being echoed as a possibility by those influential voices in Europe itself — even though the most fundamental rule of the club we joined back then was that, once powers are passed to Brussels, they can never be given back.

As David Cameron prepares to give that ‘very important speech on Europe’ he has promised us very soon, he could not do better than to meditate on the shrewdest words ever uttered by a Prime Minister about Britain and Europe. In 1973, as a junior member of Heath’s Cabinet, Margaret Thatcher made all the approved noises about how wonderful it was for Britain to join this club.

Once in office, however, she went on a painful learning curve, as she saw from the inside just what the real game was and how ruthlessly it was played. She was brought down in 1990 by an alliance of Europhiles in her party and their Brussels allies, because she was the last real obstacle to their Maastricht Treaty.

What really riled them was that she had seen through their true agenda and the disastrous course on which they were set.

With even Jacques Delors, the chief architect of Maastricht, suggesting it might be best for Britain to leave the EU, Mr Cameron should dwell on a passage from her last book, Statecraft.

That such an unnecessary and irrational project as building a European super-state was ever embarked on,’ wrote Lady Thatcher, ‘will seem in future years to be perhaps the greatest folly of the modern era. And that Britain...should ever have become part of it will appear a political error of the first magnitude.’

If Mr Cameron truly wishes to speak for the British people and our country’s future, he should bear those prophetic thoughts in mind.”

And Richard North complementing on the same subject:

EU politics: monumental deceit

http://www.eureferendum.com/blogview.aspx?blogno=83462

“The piece serves to remind us that entry was perpetrated on the basis of structured deceit, with successive prime ministers (Macmillan and Heath) actively lying as to their broad intentions and the proposed relationship with the Six.

“Those utter fools who assert that the relationship was primarily economic (and has since gone off the rails) need to read the Cabinet Memorandum of 21 June 962, (originally referenced C. (61) 84 and now CAB/129/105), in which Macmillan set out the purpose of seeking full United Kingdom membership of the European Economic Community, as ”… the only effective way of securing our political objectives in the world, and of averting the dangers of continued division in Europe”.

Eur%20000-cab1

Then, in a note to his Cabinet colleagues on 10 October 1961 (Originally C.(61)162, now: CAB/129/107 – see above), Edward Heath asserted that the UK had been following closely the progress towards unity in fields other than those covered by the three communities.

He conveyed to his colleagues that it was the intention of the UK to work with the Six ”in a positive spirit to reinforce the unity already achieved”. Heath was ”convinced” that the UK and the Six ”share the same essential interests”, and that ”the habit of working together, once formed, will mean, not a slowing down, but a continued advance and the development of closer unity”.

From the very start, therefore, it was evident that Heath intended to take the UK into the EEC with a view to developing further political unity. The economic issues were always camouflage, and the label ”Common Market” was simply a ploy deliberately to obscure the real intent.

Cameron and modern-day politicians are now paying the price for that deceit, having to deal with a relationship founded on a bed of lies and poisoned by the continuing deception.

Such a situation is irrecoverable, which means there can only be one resolution – our withdrawal from the European Union. Simply, a relationship built on lies can never prosper, and can never be repaired. We need to start again to avoid what Thatcher called a ”the greatest folly of the modern era”.

And the first step starts with the admission that the EU and its precursors were never economic alliances. The economic aspects were always a means to an end, designed to secure political unity, something which has been foisted upon us by deceit, and of which we want no part.

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Citizens! Forgive us for not arresting those truly responsible for this crisis: bankers and politicians

20 november, 2012

Or this is why the Euro is doomed. And after that EU – Yes we have NO Money.

On Saturday November 17, police officers from all over Spain marched through Madrid, protesting austerity measures and cuts. They even apologized to the public for arresting the wrong people. One of the slogans was:

”Citizens! Forgive us for not arresting those truly responsible for this crisis: bankers and politicians.”

The whole economic and political crisis in EU and USA summarized in one simple sentence.

It complements what I wrote in my post EU a stupid empire on purpose:

“This is one of the best and succinct descriptions of EU I have seen:

The European Union is like a hospital where all the doctors are mad. It doesn’t matter what is wrong, the treatment is always the same – more integration – and it is always wrong. The best thing to do is never to enter it.

Once you are in, the best thing to do is to leave. If you can’t get out, you will probably die.

I disagree with one thing this author says: “EU is the Stupid Empire”. EU is a POLITICAL project. The Euro is part of that political project.

A lot of  EU’s decisions make no economic sense whatsoever. In that regard, Peter Hitchens observation that “EU is the Stupid Empire” is completely right.  Not to mention the enormous cost to the common people of all these political motivated but economically disastrous decisions. 

The economic side was always a way to “sell it to the people”. Step by step. So that the political agenda could be slowly, but steadily implemented. Until it was too late. The political elites new ALL along that had the EU project been presented to the people for what it really is, people in ALL countries would have rejected it.

BUT EU was on purpose designed this way. So that the people could not stop this political project.

Never forget that ALL the political elites, irrespective of party or ideology, in the EU countries were behind this. With very few exceptions.”

The EU bureaucrats and the political elites always fall back, when they have nothing else to say in defence of the EU, that this is a “peace project”. Well this “peace project” has now created social havoc, riots, and put country against country, and groups of countries against group of countries.

Tearing apart the EU at it’s seems. And ALL of this because they, the political elites, literally AT ALL COST want to preserve the POLITICAL project euro. Which is the cornerstone of the federal super state of Europe.

As I have said before, this has nothing to do with economics; it’s ALL about politics,

And that is why so many people still don’t understand what is going on. Because from an economical point these policies are total madness. Ruining and lowering the living standard of most people. And the political elites know this. But the political project is MORE important.

Then there is Ireland, Italy, Portugal, Cyprus, France….

Just start adding up the GIGANTIC NUMBERS and be utterly horrified!

This is the situation that politicians and the banks have put the common people of Europe in.

They are literally ruining us all. And WE have to pay the price of their folly and speculations.

One more slogan from the protests – They are the same

Depicting Spanish Prime Minister Mariano Rajoy (L) and the leader of the opposition Socialist Party (PSOE) Alfredo Perez Rubalcaba

The Big picture

This is from the IMF’s World Economic Outlook (WEO) Notice the rising trend of the 27 Developing Asian economies as a share of World GDP.  Bloomberg’s Chart of the Day notes that by the end of 2012, Developing Asia will account for 17.9% of World GDP, surpassing for the first time Europe’s 17-nation 16.9% share. The euro-area crisis has merely accelerated a trend that has been ongoing for several years – as former IMF board member Domenico Lombardi notes, makes it clear that euro-area economies need to address their structural reforms rapidly.

America is on the same path, as while China will top Europe by 2017 as a share of global GDP, USA will be passed in five years when Developing Asia will have topped the USA for the first time ever.

All graphs gets bigger if you click on it

Just one small example of all these stupid US policies, on Januari 1, 2013, dividend tax rates are set to rise from 15% to as high as 43.4%. This affects not only US taxpayers, but everyone on the planet who invests in the US stock market.

As a result of this tax policy, many investors who own shares in US companies will now see their after-tax dividends slashed by 33%.

This is putting a lot of downward pressure on stock prices, affecting almost everyone who currently owns US shares– pension funds and retirement accounts, rich and middle class, US and non-US citizens alike. It’s as if the US government is hanging a sign over the country saying ”PLEASE DO NOT INVEST HERE.”

It’s pure genius wouldn’t you say?

(See some of my previous posts on the economic situation in USA:

The US election – Yes we have NO bananas

How Obama loves the poor SOOO MUCH, especially the black, that they have had the largest single drop in income ever

In three graphs – Obama Economics

One more small example, in this case the UK, national government borrowing is already 22% higher than at this same point last year, a record year for borrowing. Meanwhile, the UK‘s budget deficit for August hit a record high.

I hope you get the picture- it isn’t pretty!

And the unemployment picture

And let’s continue with Spain:

Spanish bad loans

The figures are just out for the total Spanish bad loans during September: the loans that fell into arrears, (the part of a debt that is overdue after missing one or more required payments), increased by €3.5 billion from August, reaching €182.2 billion in September. This is 10.71% of the total Spanish bank loans of €1.7 trillion, and an increase from the previous month.

Putting the bad loan number in perspective, it is nearly double the €100 billion that the Spanish banks will receive as part of the bank bailout plan disclosed in July, and well above the ”only” €40 billion that Spain promises it will need to actually fund bank capital shortfalls.

If you compared as a percentage of GDP, it would be the equivalent of $2.8 trillion in US loans going bad.

(See also my post This is why the Euro is doomed.)

Spain’s Regional Debt

And Greece:

The Greece budget

The Athens Finance Ministry just released 2013-2016 its latest re-re-revised budget.

http://www.minfin.gr/content-api/f/binaryChannel/minfin/datastore/a7/91/b0/a791b0bf4bc73a9679bac65792933157d4cf7b27/application/pdf/%CE%9C%CE%95%CE%A3%CE%9F%CE%A0%CE%A1%CE%9F%CE%98%CE%95%CE%A3%CE%9C%CE%9F_2013.pdf

Let’s look merely on one data series: the brand new Debt/GDP, (ignoring the -4.5% 2013 GDP forecast, already – 0.5% worse than the just released IMF forecast for Greece for the same period, remember also that the May forecast of 2013 predicted ”growth”), and compared it to the Debt/GDP ”forecast” from May 2010, when the first Greek bailout was announced.

It ain’t pretty

The Greece Finance Ministry

This is the same Finance Ministry where the EU inspectors found this in their taxation archive section (see the video 5:20-5-48):

Watch this documentary from ZDF (in german). It shows where 2 ½ years of bailout funds went, or rather didn’t go. And why 2 ½ years to the day after the first bailout, not only is Greece not fixed, but is getting worse at a cost to taxpayers of nearly half a trillion Euro.

Die Griechenland-Lüge

http://www.zdf.de/ZDFmediathek/beitrag/video/1634150/Dokumentation-Die-Griechenland-Luege#/beitrag/video/1634150/Dokumentation-Die-Griechenland-Luege

The Troika and their “predictions”

The troika (the European Commission, the International Monetary Fund, and the European Central Bank), which are supposed to get Greece’s financial future in order cannot make even the most basic forecasting. And the Troika have made these “forecasts” repeatedly, which are a complete and utter joke.  But there is NO surprise here, this is ALL about politics. The same way that EU allowed Greece into the Euro knowing that every figure was false. But for political reasons they were allowed to enter.

And these “guys” are supposed to save Europe? Where all the important decisions are being taken on the ground of these “forecasts”?

The Greece unemployment

Again, It ain’t pretty.

I could go on, but I think I stop here.

You get the picture.

And of course, none of this is covered in the mainstream media or by our “dear” politicians.

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This is why the Euro is doomed.

11 juni, 2012

As a complement to my previous post  EU a stupid empire on purpose

http://www.zerohedge.com/news/spains-real-debt-gdp-right-now-1466

And then there is Greece, Ireland, Italy, Portugal, Cyprus….

Just start adding up the GIGANTIC NUMBERS and be utterly horrified!

This is the situation that politicians and the banks have put the common people of Europe in.

They are literally ruining us all. And WE have to pay the price of their folly and speculations.

And after the Spanish bailout Ireland promptly requested a renegotiation of its own terms to match those of Spain.

And in six days there is the Greece election. Alexis Tsipras, leader of Greece’s leftwing Syriza coalition of course used this bailout to strengthening his party’s position.

“What we wonder is why did Europe cave to the Spanish demands before the Greek elections. Because, paradoxically, by yielding to a bailout plan, which at least superficially has been painted as one without conditions, it just cemented Syriza’s entire electoral platform as having absolute validity.

Then again, on the insolvent continent, nothing really surprises us any more.”

And of course, none of this is covered in the mainstream media or by our “dear” politicians.

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Syria and Vladimir Putin: The Butcher of Homs – Part 6

23 april, 2012

And the “ceasefire” continuous.

“Al-Arabiya: Friday’s death toll in Syria rises to 45 people, activists say” (April 20)

Five, yeap you read right, five UN observers today made a BRIEF visit toHoms.

UN monitors visit Syria opposition stronghold

http://hosted2.ap.org/APDEFAULT/3d281c11a96b4ad082fe88aa0db04305/Article_2012-04-21-ML-Syria/id-70fb3cdd81e24521b702a39149379c59

“But the situation was relatively calm as the five observers toured rebel-held areas in Homson Saturday. Activists said fighting and government shelling stopped and troops hid tanks in advance of the visit by U.N. cease-fire observers, their first to the city.”

“In the Jouret el-Shayah neighborhood of Homs, the observers were quickly thronged by residents who chanted, ”The people want military intervention,” according to video broadcast on the Al-Jazeera satellite TV station.

In amateur video from the same neighborhood, posted online Saturday, observers are seen walking silently through rubble-strewn deserted streets lined by heavily damaged apartment buildings.

A man in military uniform, apparently a rebel, pointed to the destruction, telling the team that ”it’s all destroyed buildings.” Dozens of residents chanted, ”The people want to execute the president,” and ”Freedom forever, against your will, Assad.”

As reported before by HWR and others (se my post 2), rape is useed as a weapon by Assad’s forces.

Rape as a weapon in Syria

http://www.nowlebanon.com/NewsArticleDetails.aspx?ID=388100

“On April 1, a Syrian doctor named Moussa al-Kurdi told Al-Jazeera that he received a report regarding the rape of two girls, aged 10 and 14, by government forces in southern Syria, which resulted in their being impregnated.

According to Kurdi, these two girls are part of a group of around 260 child refugees, boys and girls, whose parents were killed or arrested and who live in a hotel provided by a charity. Intelligence services in Syria prevented doctors from documenting the rapes and filing an official report about it. Kurdi said that the children are being threatened.

This story is a sample of the horrors committed against the Syrian people. For more than a year now, the Syrian regime has been fighting a war against its own people to regain control of the country. Rape may be the best means to destroy the morale of the enemy, not only in the present, but also for the future, as victims, especially those who became pregnant as a result of the rape, have to live with it for the rest of their lives, according to writer Hazem Saghiyeh. “

“However, according to a HRW researcher who did not want to be named because he is not authorized to speak on the subject, it has been confirmed that rape is being used as a method of torture against men and women in Syrian prisons. The researcher also mentioned reports of sexual assault against women when the army raids houses in search of wanted men or weapons. “

And the Iraqis have a problem:

Central Bank of Iraq: $10B Siphoned Off in Support of Iranian and Syrian Currencies

http://www.memri.org/report/en/0/0/0/0/0/0/6293.htm

“The deputy governor of the Central Bank of Iraq (CBI), Mudhhir Mohammad Saleh, has revealed that Iraq’s foreign currency reserves, estimated at $54 billion, have declined by $10 billion since last November, and that the money was used by banks, money-changers and money-transfer companies in support of the Iranian and Syrian economies, which are subject to sanctions. He asserted that speculators have exploited the monetary crisis in the two neighboring countries to make a quick profit. The rush to buy dollars has caused the Iraqi dinar to lose 11% of its value against the dollar, despite considerable foreign currency reserves available to support it. “

Same old same old:

US Ambassador to the UN Susan Rice wrote on Twitter April 18 that the “Syrian regime lied to the world, lied to its people & the biggest fabricator is Asad himself. Words are meaningless. Actions are what matter.”

http://twitter.com/#!/AmbassadorRice/status/192446044200648706

Ok, after this “great” and “sudden” insight after more than a year keeping up appearance while Assad was killing unarmed civilians, what then??

Well, who could have guessed – MORE OF THE SAME! I.E. doing nothing.

“Ambassador Rice’s interview with CNN the other day. When asked the most pressing question – what next? – Rice replied that the “next step really is for those who have maximum influence on Assad to continue to use it,”

http://transcripts.cnn.com/TRANSCRIPTS/1204/17/ampr.01.html

That is of course the very helpful Russians and Iranians. And if you have read any of my previous post, you know how “helpful” they have been. So this is the “great” Obama and Clinton plan – The two countries that has done the most to prop up and secure the Assad regime, with all means possible, are supposed to put “pressure on him???

Really???

Assad a “mafia bacteria”.

This is quite interesting. The people inside Syria has made some contacts withIsrael before. Like when the put the same message on the IDF Facebook site.

Syrian opposition leader, in unprecedented interview with Israel Radio, says Syrians want peace with Israel Speaking from Paris, Nofal Al-Dalawibi, son of a former Syrian PM, calls Assad a ‘mafia bacteria’ and says opposition will not negotiate with him

http://www.timesofisrael.com/syrian-opposition-leader-in-unprecedented-interview-with-israel-radio-says-syrians-want-peace-with-israel/

“In an unprecedented interview with Israel Radio, Nofal Al-Dalawibi, a Syrian opposition leader and son of former two-time Syrian prime minister Maarouf Al-Dalawibi, said that the Syrian people want peace, including with Israel, and seek stability after the ongoing bloodshed.

The interview comes against a background of decades of overt Syrian hostility to Israel, and shatters a taboo of Syrian representatives in any forum talking openly with Israelis. At international events, Syrian leaders have always sought to ensure that Israeli journalists are kept out of their press conferences, and ignored questions from Israeli reporters on the rare occasions when Israelis did manage to address them directly. Israeli journalists are never granted visas to enterSyria.”

”Dalawibi’s interview marked the potential beginning of a change from that mindset, should the Syrian opposition struggle prevail. When asked about the “fear that many Israelis have” that Islamic forces may occupy the political vacuum in Syria if Assad falls — and what effect that would have on Syria’s relationship with Israel — Dalawibi replied that the Syrian people do not want any more fighting. Syrian civilians have been left out of the political process for over 40 years and they only want peace, he added.

“Dalawibi also commented on the “long struggle” of the Syrian opposition. “We are not interested in negotiating with Assad,” Dalawibi told Zinger, and referred to the Syrian president as “mafia bacteria.”

Turkey

Recep Erdogan and his Islamic AKP party have ruledTurkeysince 2002. Their slow, but gradual, islamization of Turkish society has progressed. AKP has very effectively neutralized all the secular parties and organisations.

Including the military which was supposed to be the last guarantee of Ataturks legacy – a civilian society with separation of mosque and state.

Erdogan was imprisoned in 1998 for his involvement with the banned Welfare Party, which the Turkish government considered Islamist. Soner Cagaptay of the Washington Institute for Near East Policy describes the Welfare Party as the “motherboard of Turkish Islamists since the 1980s,” saying it was inspired by the Muslim Brotherhood.

In 2001, he founded the AKP, which took a more moderate line, portraying itself as committed to separation of mosque and state but “faithful governance,” as Dr. Essam El-Erian, the chief of the Muslim Brotherhood’s political bureau, described the AKP’s “moderate Islamist” ideology.

Dr. El-Erian praised Erdogan’s victory, saying that it was the result of the “exposing of the failure of the secular trend.” El-Erian confirmed that the Muslim Brotherhood had close ties to the AKP, but the West treated Turkey as if nothing had changed. It wasn’t until Turkey steadfastly refused to allow U.S. soldiers to transit their territory to overthrow Saddam Hussein that the West began questioning the allegiance of Erdogan’s government.

As Erdogan said in the beginning of February this year, “We want to raise a religious youth”:

Erdogan resurrects debates of Islamization

http://english.alarabiya.net/articles/2012/02/09/193621.html

We want to raise a religious youth,” said Erdogan, himself a graduate of a clerical school and the leader of the Islamist-rooted Justice and Development Party (AKP), during a parliamentary address last week.”

“Secular quarters argue Erdogan’s conservative government is also step by step imposing religion in every aspect of life, saying many restaurants already refuse to serve alcohol during Ramadan.”

“But since then the influence of the military, considered as guardian of secularism, has waned.

Dozens of retired and active army officers, academics, journalists and lawyers have been put behind bars in probes into alleged plots against Erdogan’s government.

Critics accuse the government of launching the probes as a tool to silence opponents and impose authoritarianism.

Secular quarters argue Erdogan’s conservative government is also step by step imposing religion in every aspect of life, saying many restaurants already refuse to serve alcohol during Ramadan.

They also criticize recent changes to legislation under which religious school graduates will now be able to access any university branch they like, while in the past they had only access to theology schools.

Birand expressed fears that the changes would not be confined to this and would lead to censorship in television broadcasts.

The Turkish television watchdog RTUK “will restrict all kissing scenes; they will confuse pornography with explicit broadcast and all television screens will be made pious,” he added.

Then will come religious foundations. After them, it will be municipalities. All kinds of Koran teaching courses, legal or illegal, will mushroom.”

As Turkish Penal Code specifies, ”Anyone who openly denigrates the religious values of a part of the population shall be sentenced to imprisonment of from six months to one year, where the act is sufficient to breach public peace.”

In the referendum 2010 26 amendments where made to the constitution. One example: It now permits the parliament to select who sits on the Supreme Board of Prosecutors and Judges. Previously, the judiciary was independent, choosing its own leadership free of political influence. And since the AKP holds a majority in the parliament, its allows the party to oversee the judiciary without any significant checks and balances.

And a quote from Erdoğan:

Turkish Prime Minister Erdoğan:

http://news.bbc.co.uk/2/hi/europe/2270642.stm

The mosques are our barracks, the domes our helmets, the minarets our bayonets and the faithful our soldiers.”

Another example:

Paul Auster refuses Turkey visit over jailed scribes

http://www.hurriyetdailynews.com/paul-auster-refuses-turkey-visit-over-jailed-scribes-.aspx?pageID=238&nID=12523&NewsCatID=339

“Renowned U.S. author Paul Auster said he refused to visit Turkey because of the number of journalists and writers that have been jailed in the country.

Speaking to daily Hürriyet’s Buket Şahin, Auster said he had protested the Turkish and Chinese governments for their treatment of journalists.

I refuse to come to Turkey because of imprisoned journalists and writers. How many are jailed now? Over 100?” Auster said, adding that Turkey was the country he was most worried about.“

Erdogan and the Decline of the Turks

When I asked the prime minister about stories alleging a U.S.-Israeli murder and organ selling scheme in Iraq, he could not bring himself to condemn them..

http://online.wsj.com/article/SB10001424052748704875604575281392195250402.html

“To follow Turkish discourse in recent years has been to follow a national decline into madness.”

“For example, while there was much hand-wringing in our own media about ”Who lost Turkey?” when U.S. forces were denied entry to Iraq from the north in 2003, no such introspection was evident in Ankara and Istanbul. Instead, Turks were fed a steady diet of imagined atrocities perpetrated by U.S. forces in Iraq, often with the implication that they were acting as muscle for the Jews. The newspaper Yeni Safak, Prime Minister Tayyip Erdogan’s daily read, claimed that Americans were tossing so many Iraqi bodies into the Euphrates that local mullahs had issued a fatwa ordering residents not to eat the fish. The same paper repeatedly claimed that the U.S. used chemical weapons in Fallujah. And it reported that Israeli soldiers had been deployed alongside U.S. forces in Iraq and that U.S. forces were harvesting the innards of dead Iraqis for sale on the U.S. ”organ market.”

The secular Hurriyet newspaper, meanwhile, accused Israeli soldiers of assassinating Turkish security personnel in Mosul and said the U.S.was starting an occupation of (Muslim) Indonesia under the guise of humanitarian assistance. Then U.S. ambassador to Turkey Eric Edelman actually felt the need to organize a conference call to explain to the Turkish media that secret U.S. nuclear testing did not cause the 2004 Indian Ocean tsunami. One of the craziest theories circulating in Ankara was that the U.S.was colonizing the Middle East because its scientists were aware of an impending asteroid strike on North America.

The Mosul and organ harvesting stories were soon brought together in a hit Turkish movie called ”Valley of the Wolves,” which I saw in 2006 at a mall in Ankara. My poor Turkish was little barrier to understanding. The body parts of dead Iraqis could be clearly seen being placed into crates marked New York and Tel Aviv. It is no exaggeration to say that such anti-Semitic fare had not been played to mass audiences in Europe since the Third Reich.

When I interviewed Prime Minister Erdogan (one of several encounters) in 2006, he was unabashed about the narrative.

Erdogan: ”I believe the people who made this movie took media reports as their basis . . . for example, Abu Ghraib prison—we have seen this on TV, and now we are watching Guantanamo Bay in the world media, and of course it could be that this movie was prepared under these influences.”

Me: ”But do you believe that many Turks have such a view ofAmerica, that we’re the kind of people who’d go to Iraq and kill people to take their organs?”

Erdogan: ”These kind of things happen in the world. If it’s not happening in Iraq, then its happening in other countries.”

Me: ”Which kind of things? Killing people to take their organs?”

Erdogan: ”I’m not saying they are being killed. . . . There are people in poverty who use this as a means to get money.”

I was somewhat taken aback that the prime minister could not bring himself to condemn a fictional blood libel. I should not have been. He and his party have traded on America and Israel hatred ever since. There can be little doubt the Turkish flotilla that challenged the Israeli-Egyptian blockade of Gaza was organized with his approval, if not encouragement. Mr. Erodogan’s foreign minister, Ahmet Davutoglu, is a proponent of a philosophy which calls on Turkey to loosen Western ties to the U.S., NATO and the European Union and seek its own sphere of influence to the east. Turkey‘s recent deal to help Iran enrich uranium should come as no surprise.”

‘Muslims Don’t Cause Genocide, especially in Sudan:

Erdogan: Israel Worse than Sudan, ‘Muslims Don’t Cause Genocide’

Turkish PM Erdogan says he would rather talk to Sudanese leader al-Bashir than to Israeli PM Netanyahu, because “Muslims cannot commit genocide.”

http://www.israelnationalnews.com/News/News.aspx/134297

“Erdogan claimed to know that Bashir is innocent, and that there is no genocide taking place in Sudan. “A Muslim can never commit genocide,” he said in explanation. “It’s not possible.”

The Turkish PM added that he had visited Darfur and did not see evidence of genocide during his trip.”

Much more can be said about AKP andTurkeybut that’s maybe for a later post.

So lets move on to Turkeysr elations with Syria, Iran and its foreign policy ambitions.

Yes, we are the New Ottomans

http://wikileaks.org/cable/2009/12/09ANKARA1717.html

“SUMMARY:  In a recent speech before the governing Justice and Development Party (AKP) retreat, Turkey‘s Foreign Minister Davutoglu appeared to embrace the concept of  Neo-Ottomanism as a framework for Turkish foreign policy.”

“Twice yearly, AKP party leaders and members of  parliament meet at Kizilcahamam for a consultative retreat to go over party policies and the state ofTurkeyin a relaxed, informal environment.  At the most recent retreat, held November 21 and 22, FM Davutoglu co-opted his critics’ derisive term for his personalized foreign policy, saying,

”Yes, we are the New Ottomans.”  In so doing, he made coherent the past six years of Turkish foreign policy, which has seen an intensive interest in being part of peace negotiations stretching from Bosnia through Palestine to Afghanistan, the opening of embassies throughout much of  Africa, and rapprochement with previous rivals, such as Iran, Syria, andArmenia.

Davutoglu had previously hinted at such a policy in a speech made in Sarajevo on October 16, in which he envisioned an economically and culturally integrated Balkans and Middle East as the driver of a peaceful, affluent civilization, and not the crisis-ridden periphery it is perceived to be today. In his estimation, the Ottoman Empire is the ”only positive exception” to have created such an entity, and Turkey, as successor to the Ottoman state, should be the focus of the re-establishment of a strong Eastern Mediterranean.”

“Borrowing from Western rhetoric that Turkey is a bridge between the East and the West, Turkey is aspiring to broaden its horizons to include not just Europe but the

Middle East, North Africa, and Central Asia in its strategic considerations as well.  The policy also attempts to promote two popular trains of thought among conservative Turkish intellectuals:  the concepts of a global Islamic solidarity (previously promoted by former Prime Minister Necmettin Erbakan) and the concept of a Turkish-Islamist synthesis (popular in nationalist circles and also among members of the Fethullah Gulen religious community).

AKP’s domestic detractors, however, see the policy as more evidence of Turkish society slowly turning away from the West; embracing regional autocrats, such as Bashar al-Assad, Mahmud Ahmedinejad, and Omar al-Bashir; and Islamization of the populace as part of their plan to one day install Sharia law ”overnight.”  Turkey’s choice of regional friends does at times highlight its religious outlook more than cultural ones:  estranging historical trade and military partner Israel over the Gaza crisis sits unsteadily when Turkey comes to Sudan’s defense.”

I think that sets the tone.

And then there is all the treats and demands on it’s “allies” in NATO, EU:

Erdogan issued a direct threat on NATO when he warned on September 27, 2011:

http://www.mcclatchydc.com/2011/09/27/v-print/125417/bellicose-talk-as-turkey-debuts.html

“ISTANBUL—Turkey officially accepted delivery of its first domestically manufactured warship Tuesday at a ceremony that underscored the country’s push to become a regional power.

Turkish Prime Minister Recep Tayyip Erdogan used the occasion to criticize oil drilling in the eastern Mediterranean by Greek interests. He pointedly noted that the ceremony took place on the 473rd anniversary of the Battle of Preveza in northwestern Greece, where a fleet from the Ottoman Turkish empire defeated a much larger Christian force.

”I recommend the international community take the necessary lessons from the Preveza victory”, Erdogan said. ”Turkey’s national interests in the seas reach from its surrounding waters to the Suez Canal and the Indian Ocean.”

The battle of  Preveza 1538 was a” decisive Turkish/Ottoman naval battle against a Papal “Holy League” Pan-Christian Alliance”.

And

‘Turkeywill never share intelligence from NATO radar system with Israel’

http://www.israelhayom.com/site/newsletter_article.php?id=3173

Turkey will never share intelligence gathered by a NATO radar system stationed on its soil with Israel, Turkish Foreign Minister Ahmet Davutoglu said on Friday, during a joint news conference with visiting NATO Secretary-General Anders Fogh Rasmussen in Ankara.

Turkey agreed late last year to deploy the early warning radar system after seeking guarantees from the U.S. that Israel would not have access to intelligence gathered by it. NATO also agreed to post a high-ranking Turkish general at its headquarters in Germany, where intelligence gathered through the radar system would be processed, according to the Turkish newspaper Hurriyet.

The radar system has been up and running since January, and has already drawn criticism from Tehran. “The U.S. radar stationed inTurkeyis no good for any Muslim country,” Iranian Parliament Speaker Ali Larijani said at a mid-January press conference. “But we have confidence in our Turkish friends,” he said, adding that Iran would request more information on the matter.”

US senators voice worry over radar deal with Turkey

http://www.google.com/hostednews/afp/article/ALeqM5ib10aqtbTnD_aXypBfZG3lTWYJmg?docId=CNG.0ab2ac77281cfe1c695dd46990421301.d11

“Two key US senators expressed concerns Tuesday about a possible agreement to base a missile-shield radar in Turkey, citing the NATO ally’s strained ties with Israel and relations with Iran.

Republican Senators Jon Kyl and Mark Kirk wrote Defense Secretary Leon Panetta and Secretary of State Hillary Clinton seeking reassurances on the possible deal, which was described in a news report last week.

The lawmakers asked for ”written assurances” that data collected by a so-called X-band radar ”will be made available, in real time” to staunch US ally Israel to be ”fully integrated into its battlement management and control.”

They also sought a guarantee that ”Turkish entities are not engaged, or suspected of engaging” in activities that fall afoul of various US laws aimed at curbing suspected nuclear weapons programs in Iran and Syria and keeping sensitive know-how from North Korea.

And President Barack Obama’s administration must also certify that the powerful radar will only be operated by US personnel, and for 24 hours a day, seven days a week, except for maintenance breaks, the senators said.

Kirk and Kyl, the number-two Senate Republican, also questioned whether the reported decision to locate the radar in Turkey would ”ensure the best defense of the United States against the Iranian long-range ballistic missile threat.”

They cited a US Missile Defense Agency study that found that the South Caucasus to be ”the optimum placement” if the system is designed to defend against an eventual Iranian ballistic missile attack.

”The administration’s plans for missile defense will require the cooperation of the Congress; the prospects for such cooperation are jeopardized if the Congress is not provided the information it requests,” they warned.”

And

Turkey blocks Israeli bid for opening NATO office

http://www.hurriyetdailynews.com/default.aspx?pageid=438&n=turkey-blocks-israeli-bid-for-opening-nato-office-2011-09-18

“Turkish objections have thwarted Israel’s attempt to open a NATO office, says Turkish FM, stressing determination to also keepIsrael out of data-sharing after a high-powered US radar system is deployed inTurkey.

Turkey has blocked an Israeli move to open a representation office at NATO headquarters, its foreign minister said Sunday, adding that data collected by a radar system in eastern Turkey would not be shared with Israel.

“Israelrecently made an attempt to open an office at NATO [headquarters] in Brussels. We said we would veto this attempt and the issue was not even put on the agenda,” Foreign Minister Ahmet Davutoğlu said in an interview with the CNNTürk “news channel.

Turkey refused to allowIsrael to participate in annual military exercises also involving Italyand the U.S. Instead Turkeywill hold military exercises withSyria:

After snubbing Israel, Turkey to hold defense drills with Syria

Syrian defense minister says two nations to hold drills days afterTurkeynixed maneuvers withIsrael.

http://www.haaretz.com/news/after-snubbing-israel-turkey-to-hold-defense-drills-with-syria-1.6129

“Syriasaid on Tuesday it would hold military exercises with Turkey, shortly after Turkeycanceled maneuvers with Israel.

Ankara’s decision, which was commended by Syria, revived fears of cooler relations betweenIsrael and NATO memberTurkey.

We held our first joint land military exercise (with Turkey) last spring. And today we have agreed to do a more comprehensive, a bigger one,” said Syrian Defense Minister Ali Habib, speaking at a news conference. “

“In Washington, the U.S. State Department on Tuesday objected to Turkey‘s last-minute decision to exclude Israel from the exercise.

We think it’s inappropriate for any nation to be removed from an exercise like this at the last minute,” said State Department spokesman P.J. Crowley. “

And in a ironic twist when one consider what Turkey has “done” or not done regarding Syria, Turkey blocked in the beginning the US/NATO intervention in Libya.

Turkey Blocks NATO Mission in Libya

http://www.spiegel.de/international/world/0,1518,752222,00.html

“So far, the NATO alliance has been unable to reach an agreement on participation in the military implementation of the no-fly zone. Turkey is resisting the measure and is calling for a new review of other possible measures the alliance could take in Libya. Ankara has also called for an immediate Western cease-fire, with Turkish officials calling on NATO to give greater consideration in its discussions to the possibility of civilian deaths, a NATO diplomat told the news agency AFP under the condition of anonymity. Ankara has rejected any NATO intervention against Libya, including the implementation of a no-fly zone.

Another example:

Turkey to freeze EU ties if Cyprus gets EU presidency

http://www.reuters.com/article/2011/09/18/us-turkey-cyprus-idUSTRE78H20L20110918

“Reuters) -EU-candidate Turkey will freeze relations with the European Union if Cyprusis given the EU presidency in 2012, Turkish Deputy Prime Minister Besir Atalay was quoted as saying by the state-run news agency Anatolian late on Saturday.”

Another:

Turkey warns Greek Cyprus on oil drilling ahead of Israeli PM visit

http://www.hurriyetdailynews.com/turkey-warns-greek-cyprus-on-oil-drilling-ahead-of-israeli-pm-visit–.aspx?pageID=238&nID=13894&NewsCatID=338

“Turkeywarned Thursday that it will not allow under any circumstances foreign oil companies to conduct unauthorized oil and natural gas exploration and exploitation activities in the Eastern Mediterranean and will take all necessary measures to protect its rights in the areas within its continental shelf.

Turkey’s strong worded warning came after an announcement published in the EU Official Journal dated11 February 2012 that the Greek Cypriot administration has called for a new international tender for off-shore hydrocarbon exploration and exploitation within its so-called economic exclusive zone.”

“This situation would bring those international companies  that might be interested in bidding for this illegal tender  into confrontation with the TRNC (TurkishRepublicof NorthernCyprus) and the TPAO (Turkish Petroleum Corporation) , and thus would lead to an  undesired tension in the region,” the statement said. “

Greek PM calls Erdogan to calm Cyprus gas tension

http://www.globalenergyworld.com/news/1845/Greek_PM_calls_Erdogan_to_calm_Cyprus_gas_tension.htm

“Greece’s prime minister called his Turkish counterpart Monday in a bid to calm a spiralling dispute over energy resources off Cyprus as a Turkish ship began explorations under military protection.

George Papandreou ”called for calm and restraint” and reiterated that Cyprus ”was entitled to decide what it wants to do”, said Greek government spokesman Elias Mossialos.

Papandreou also told Turkish Prime Minister Recep Tayyip Erdogan that Turkey has to ”avoid unilateral acts”, referring to Ankara‘s decision to retaliate in kind for the Greek Cypriot government’s launch of offshore energy exploration.”

“Cyprus government spokesman Stefanos Stefanou on Monday told reporters Nicosia was monitoring the situation closely.

”Where necessary it will make representations and form a political and diplomatic shield for Cyprus‘ right” to explore and exploit possible deposits, he said.

Stefanou also accused Turkey of violating international law and causing tension in the region.”

Etc. Etc.

But lets move on to Turkeys policies an actions regarding Iran and Syria. They have shifted drastically. First, as part of this “ottoman” expansion I talked about above, Turkey became very friendly with Iran and Syria. And cooperated on ALL matters with both of them building a strategic alliance. Including helping Syria and Iran fight their internal opposition and uprising.

That policies only started to change last summer and even more so at the beginning of this year.

Lets start with Iran

Turkey has never accepted any of the official EU and US sanction against Iran:

Gates Criticizes TurkeyVote Against Sanctions

http://www.nytimes.com/2010/06/12/world/europe/12nato.html?_r=1

“Defense Secretary Robert M. Gates expressed frustration withTurkeyon Friday over its refusal to support a new round of United Nations sanctions against Iran, but he suggested that the alliance betweenWashington and Ankara remained robust.”

“I’ll be honest, I was disappointed in Turkey’s vote on the Iranian sanctions,” Mr. Gates said at the end of a two-day meeting of defense ministers at the headquarters of the North Atlantic Treaty Organization in Brussels. “Allies don’t always agree on things, but we move forward from here.

The Security Council on Wednesday approved its fourth round of sanctions against Iran over its nuclear program. Twelve of the 15 nations on the Security Council voted for the measure, while Brazil and Turkey, which had negotiated a deal with Iran to swap some of its nuclear fuel, voted against, and Lebanon abstained. “

“Among other things, the sanctions took aim at military purchases, trade and financial transactions by the Islamic Revolutionary Guards Corps, which controls Iran’s nuclear program and has taken a more central role in running the country and the economy. “

And

Turkey: Not bound by US sanctions against Iran

http://www.hurriyetdailynews.com/turkey-not-bound-by-us-sanctions-against-iran-.aspx?pageID=238&nID=11309&NewsCatID=338

“Turkey, which imports oil and gas from Iran, says it is only bound by U.N. sanctions against its eastern neighbor, despite the U.S. campaign to sanctionIran further over its nuclear program.

Foreign Ministry spokesman Selcuk Unal said Turkey would evaluate the content of the U.S.sanctions but it ”does not feel it is bound by any other sanctions.” Unal spoke during a weekly news conference, which followed a meeting between Foreign Minister Ahmet Davutoglu and Iran’s parliamentary speaker, Ali Larijani.”

Ads the Turkish trade with Iran keeps growing, in direct contradiction of US and EU supposed strategy!

And as I said in my previous posts, Turkey too has its hands deep in sanctions-busting transactions with Iran: Its seventh largest bank, the state-owned Halkbank, is a conduit for Iran’s oil-related earnings. To facilitate Iran’s international oil sales

Turkey import large quantities of Iranian oil, and Iran use Turkish banks to facilitate its international oil sales.

Turkeyis also deeply involved in an effort to have the new Iranian and Iraqi pipelines to Europe routed through Turkey, reducing the Strait of  Hormuz’s crucial importance as a primary route for the world’s oil supplies. This pipeline would also hurt Saudi Arabiaand the other Gulf oil producers, all of whom are dead set against Erdogan’s hegemonic aspirations in the Middle East.

Turkey and Iran’s military alliance:

Turkey Forms Alliance With Iran Against Kurds

http://www.newsmax.com/KenTimmerman/turkey-iran-/2007/10/15/id/337383

U.S.  ally Turkey and U.S. arch-enemy Iran have formed a military alliance to drive opposition Kurds from bases in northern Iraq they have used since 2004 to launch guerrilla operations inside Iran, rebel leaders told Newsmax at a secret base in the Qandil mountains.

Both Iran and Turkeyhave vowed to send troops into northern Iraq, but until now evidence of active military cooperation between them has remained a closely-held secret.

Turkish Prime Minister Recep Tayyip Erdogan has stepped up political and diplomatic threats in recent days, telling the United States he would cut off U.S. access to the strategic Incirlik airbase in eastern Turkey if the U.S. tried to prevent Turkey from sending troops against the Kurdish bases in northern Iraq.

Leaders of the Party of Free Life of Iranian Kurdistan, known as PJAK, provided Newsmax with extensive evidence of the Iran-Turkey alliance in two days of exclusive interviews at a secret guerilla base deep in the Qandil mountains. An Iranian Revolutionary Guards outpost was visible on a nearby mountain peak.

“Iran and Turkey attacked jointly on August 16 against our forces inside Iran and against Turkish self-defense forces in northern Iraq,” a PJAK commander using the nom de guerre Xerat told Newsmax at the Iranian rebel base.

The Iranian Revolutionary Guards “attacked us across a broad front in the areas of Sardasht, Piranshahr, Shaho, Urmieh, and along the border line,” Xerat said, citing the names of major cities in Iranian Kurdistan where PJAK rebels have been operating.

While those ground operations were underway, Iranian and Turkish artillery simultaneously began shelling civilian villages inside Iraqi Kurdistan from Metina, Zaab, Haftani, and Hakurke in the north, to Haji Oumran, Qalatdizza, Zeh, Marado, and Xinera in the south, he added.

Turkish artillery hit the northern villages, while Iranian gunners hit the southern ones.

Iranian troops attempted to cross into Iraq through the mountain passes, but PJAK fighters held the line.

The goal of the Iranians is to drive us from the border area,” rebel leader Biryar Gabar told Newsmax. “They want to turn this area into a no-man’s land, so they can use it to smuggle weapons and Islamist guerillas into Iraq to fight the Americans.”

He called the Iran-Turkey entente “an anti-American alliance,” not just an anti-Kurdish agreement, and said that it resulted from deliberate decisions from the ruling Islamist AKP party of Prime Minister Erdogan to transform Turkey into an increasingly Islamist state.

A senior European official, who was involved in talks to bring Turkey into the European Union, told Newsmax recently he had been “stunned” by the hard-line toward the Kurds taken by AKP party leader Abdullah Gul, now Turkey’s president.

He was totally uncompromising,” the official said. “He took a harder line than the Turkish military.”

Iran has been offering Turkeyan economic agreement with Iran in July to build a strategic pipeline that will bring Iranian natural gas to Europe, in defiance of a U.S. led effort to increase the economic squeeze on Iran.”

“Since the liberation of Iraq by the Coalition, PJAK has maintained control of the Iran-Iraq border in this area, and prevented infiltration by Iran or al-Qaida-related terrorists.

The U.S. military sent liaison officers to meet with PJAK in 2003 and again in 2005 to discuss Iranian efforts to infiltrateIraq, but have not pursued discussions further, PJAK officials said.

“From August 16-24, the Iranians tried to cross the border along the mountain ridge line, but we pushed them back,” Biryar Gabar said.

During the Iranian ground attacks, PJAK learned from its operatives on the ground inside Iran that Turkish officers were acting as military advisors to the Iranian troops, he told Newsmax.”

“Since the failed ground offensive by the Iranians, Turkish officers have begun training Iranian Revolutionary Guards troops in counter-insurgency operations at the Soleiman training camp near the Iranian city of Urmieh.

“The Iranians had little experience in counter-insurgency operations, so the Turks are training them,” guerilla leader Xenat said.

Our friends saw Turkish officers coordinating the operations of the Iranian army in the Kelaresh area,” he added. Kelaresh is in the border region outside of Salmas andUrmieh,Iran.

An exclusive Newsmax source in Iran reported in late August that eight Turkish officers were then in Urmieh, coordinating the anti-Kurdish military campaign with Iran’s Revolutionary Guards.

At the command level, Iranian and Turkish military officers have held monthly coordination meetings in the Turkish cities of Harakeh, Van, Bashakale, and in the Iranian cities of Urmieh, Mahabad, and Salmas, PJAK officials said.

The Iranian government sent a 12-member delegation to Hakkari, Turkey, for a summit meeting with Turkish officials on Sept. 10, PJAK officials said.”

“PJAK guerilla leaders also pointed to the recent creation by Iran of civilian village guards, known as “jash,” in the Iranian Kurdish areas, as another sign of Turkish military cooperation with Iran.

The Turkish army used a similar tactic when fighting the PKK in the 1990s,” said Xenat, a former PKK fighter who is originally fromTurkey but joined PJAK once the PKK dissolved its military wing in early 2000.

The “jash” village guards act as spies for the Revolutionary Guards to identify PJAK guerilla fighters., he said. They are also dressing up in Kurdish guerilla uniforms and attacking Iranian villagers, pretending to be PJAK fighters.

The Turks have been fighting a dirty war in anti-guerilla operations for 30 years. Now they are teaching this to the Iranians,” Xenat said.”

And Turkey supports Iran’s nuclear program

Turkey voices support for Iran’s nuclear program

http://www.nowlebanon.com/NewsArticleDetails.aspx?ID=381390

The government and nation of Turkey has always clearly supported the nuclear positions of the Islamic republic of Iran, and will continue to firmly follow the same policy in the future,” Erdogan was quoted as saying in the statement issued by Ahmadinejad’s office.

Ahmadinejad thanked Turkey for its ”clear and frank” stance on the issue, the statement added.”

Another interesting fact, in October 2011 the Chinese air force was in Turkey and took part in joint exercise with the Turkish air force. Before arriving inTurkey, the Chinese air force had been in Iran and had a similar joint exercise there.

And Israel was very concerned with what was going on inTurkeyand its relations with Iran:

If there is not a change in personality, then Turkeywill become Iran No. 2

http://www.worldtribune.com/worldtribune/WTARC/2010/me_turkey0896_09_15.asp

Israel‘s defense community has assessed that Turkey was moving toward becoming a radical and nuclear Islamic state.

Officials and leading analysts asserted that the government of Prime Minister Recep Erdogan was rapidly dismantling the secular Turkish state. They said Erdogan could turn Turkey into another Iran, a radical Muslim state with nuclear weapons.

There could be a deep strategic change,” Amos Gilad, a senior Defense Ministry official, said.

Officials cited Turkey’s referendum that would revise the secular constitution. They said the 26 amendments approved by 58 percent of voters on Sept. 12 would significantly increase the authority of Erdogan’s ruling Justice and Development Party while marginalizingTurkey’s military.

Leading officials expressed concern over Erdogan’s growing power in Turkey and his success in intimidating the once-powerful Turkish military. They said Erdogan could use his referendum victory to expand Turkey‘s alliance with neighboring Iran and Syria while fomenting another crisis with Israel.

If there is not a change in personality, then Turkey will become Iran No. 2,” former National Security Council director Uzi Dayan said.”

And most devious at all: Turkey has allowed Iran to supply Syria with arms to crush the civilian uprising through its territory. It only stopped in January this year.

Iran army supplies to Syria via the Turkish Dogubayazit route

In the middle of January, Turkey reported halting five Iranian trucks loaded with weapons for Syria at the Killis Turkish-Syrian border crossing and impounding its freight. Actually, the Iranian convoy was not really stopped at Killis but at the eastern Turkish Dobubayazit border crossing with Iran, near Mount Ararat. This supply route for Syria had been going strong for months. Ankara‘s decision to suspend it has reduced its volume by 60 percent.

The Turks kept very quiet about the Dogubayazit route because disclosure would have exposed them as working two sides of the Syrian conflict – letting Tehran set up a clandestine arms route for helping the Assad regime crack down on protest, while publicly posing as the leading champions of the Syrian protest movement – even to providing the Free Syria Army with bases and training facilities.

The influx of Iranian arms supplies via Turkey gave the Syrian army a major boost in quelling the uprising especially in the restive towns of Hama, Homs and Idlib, where demonstrations have dwindled. Now Ankara is worried about the consequences. Thursday, President Abdullah Gul raised fears of the Syrian uprising mutating into civil war.Ankara is concerned that sectarian conflict inSyria could spill over intoTurkey.

With “friends” like this how need enemies?

Over to Syria

A year ago Turkey’s prime minister Erdogan addressed Syrian President Bashar al-Assad in Damascus as “my brother”.

And Hakan Fidan (very pro Iranian), chief of Turkish MIT intelligence service, has on Erdogans orders gone frequently to Damascus to update Assad’s regime on Syrian opposition activities. One of Assad’s key sources of information about what the opposition is up to.

This stopped on May 24, and even more so in August,  2011 when Erdogan finally realised that after three months of unstinting support for the Assad regime, the Turkish government circles seek to shun finding themselves ”backing a regime which shoots to kill Muslims in the street.” After the number of Syrian deaths rose past 1,100, one high-ranking official commented, ”Turkey is a Muslim democracy. It must not lend support to dictators who murder their citizens.”

So at least then Erdogan stopped to openly supporting Assad. It would take longer for Turkeyto actually start doing something. That happened in January this year.

And the rhetoric of setting up “safe” or “buffer zone” has been talked about by the Turks for nearly a year buy now and nothing has been done.

Turkey recalibrates its approach to Syria

http://uk.reuters.com/article/2012/03/21/uk-turkey-syria-idUKBRE82K11Y20120321

(Reuters) – Just over a year ago, Turkey’s prime minister addressed Syrian President Bashar al-Assad in Damascus as “my brother”. Today, illusions of kinship are long gone and the region’s rising power finds itself marshalling efforts to press him from power, but increasingly wary of being pitched into military action.

The falling out between Assad and Prime Minister Tayyip Erdogan grew personal as well as diplomatic as Syria’s president ignored Turkish calls for restraint and pressed his attacks on protesters. Erdogan drew a comparison with Nazi Germany in some of the strongest words of any major leader onSyria.

In one email, intercepted and published in Britain’s Guardian newspaper, Assad’s wife Asma is asked if she would pass her email address to Erdogan’s wife. “I use this account only for family and friends,” she replies. “It would be difficult for me at this stage to consider her in either category after the insults they have directed towards the president.”

The Syrian insurrection has tested the limits of Turkish regional diplomatic power that has grown markedly under Erdogan’s stewardship. For years Ankara invested heavily in relations with Syria and Assad, calculating closer ties could foster both trade and reforms in its southern neighbour, as well as weaken its reliance on Iran, for centuries Turkey’s main regional rival.

“They thought that because of the personal relationship that had developed between Erdogan and Bashar, the Syrians would be a pushover,” said Philip Robins of Oxford University.

“There was a complete misunderstanding based on an assumption that they had manoeuvred the other side so that they would do their bidding, and that absolutely was not the case.”

Syrian protests escalated from March last year. Assad failed to heed ever more insistent telephone calls from Erdogan and visits from Foreign Minister Ahmet Davutoglu appealing for reform. By August, Ankara had had enough.

TURKEY SEES RED LINES

Having seen the rapid revolution in Egypt and with the overthrow of Libya’s Muammar Gaddafi seemingly imminent, Turkey sharply turned against its erstwhile ally in Damascus.

They wanted to position themselves on the right side of history, expecting the Syrian regime to fall in weeks as in Tunisia and Egypt,” said Paul Salem, director of the Carnegie Middle East Center in Beirut.

Turkey now hosts Syria’s main opposition groups and shelters the rebel Free Syria Army on its side of the common frontier. On April 1, it will be the venue of a meeting of Western and Middle Eastern officials and groups involved with Syria.

Assad has shown himself to be impervious to verbal assault and resilient to increasingly violent protests and guerrilla attacks. He is also for now at least largely insulated from strong United Nations-backed action due to the vetoes of China and his backer Russia on the Security Council.

“Right now there is a disappointing situation for Ankara,” said Salem. “What they banked on didn’t happen. Their bluff and bluster was met by bluff and bluster from the Syrian side and now we are certainly in a bit of a stalemate.”

Without backing from the U.N., or at least the Arab League and NATO, Turkey is unwilling to go it alone in Syria. But with a 900-km (560-mile) border with Syria, more than 16,000 Syrian refugees on its soil and hundreds more arriving each day, it is not a problem from which Ankara can simply walk away.

Turkey has signalled a huge flood of refugees or massacres on its door-step would be red lines that would force it to act, but short of military intervention, there are few effective options available, analysts said.

Erdogan said last week setting up a “safe” or “buffer zone” along the border was one of the options under consideration, but that would mean troops going into Syria to seize and secure territory which the rebel Free Syrian Army has failed to do.

“We need to consider maybe to have a buffer zone inside Syrian territory, but without Syrian consent this may lead to some kind of military conflict … and this may escalate the situation,” said Kamer Kasim of the International Strategic Research Organisation (USAK), Turkish think-tank.

Like it or not, Turkey finds itself centre stage of diplomatic efforts to dislodge Assad, and would be on the front line of any military intervention, whether an Arab peace force or arming the Free Syrian Army, both measures the Arab League could discuss when it holds a summit in Baghdad next week.

REGIONAL REALITIES

But there are very good reasons why Turkey should be wary of intervening in Syria, given its strategic backing by Turkey’s neighbour and regional power Iran, and the closeness to Iran of Ankara’s other Middle Eastern neighbour, Iraq.

Turkey has got itself into a position where it has a major foreign policy issue with its three Middle Eastern neighbours,” said Robins. “This is really not clever, especially in a part of the world where power politics is still the name of the game.”

“If it were just Turkey versus Syria then the Turks if they were minded to could probably just pile in,” he said. “But when you factor in the presence of other regional powers … and you also have Israel which is getting closer to Cyprus and Greece, and then of course you have the Russians to the north who are supporting Syria, it suddenly becomes much more complex.”

Some in Turkey see a Western attempt to pushAnkara into taking the leading role, and a large part of the risk, inSyria.

Parliament speaker Cemil Cicek, from Erdogan’s AK Party, blamed what he called “Western cunning” for trying to push Turkey into action. “Everyone is on the sidelines as if they are watching a match and saying ‘let Turkey sort it out’.”

That at least was how many observers saw last week’s visit to Ankara of CIA Director David Petraeus.

“It seems Turkeyhas been left holding the baby,” said Ali Nihat Ozcan, a security analyst at the Economic Policy Research Foundation of Turkey.

The Americans, he said, “are probably trying to encourage Turkey to get more involved. Turkey is having second thoughts.”

Turkey has not yet rowed back, but much of the rhetoric has been replaced by a determined attempt to forge more consensus on Syria, hosting a “Friends of Syria” meeting in Istanbul on April 1 to try keep it high on the international agenda.

There Turkey will do what it diplomatically does best, bringing together the West and the Middle East where it uniquely has a foot in both camps.

“I would have thought the thing to do is to get back in the pack as far as NATO and the Western alliance is concerned; you are not exposed in the way that Turkey has been,” said Robins.

“You can have your own perspective on what is happening. You are still deeply alarmed at the loss of life and devastation in Syria, but you can only really move in tandem with the alliance more generally and with the Americans in particular.”

What really turned the Turks to doing something was when Assda played the PKK card in January this year. And opened a direct route fromIraq via Syria to Turkey for PKK.

Remember that Turkey nearly invaded Syria in 1998 for sponsoring Kurdish terrorism.

On October 20, 1998, Syria and Turkey signed the Adana Agreement under pressure from Iran and Egypt. The agreement was for Syria to keep the PKK from threatening Turkish sovereignty from Syrian bases.

After that PKK leader Abdullah Öcalan was expelled by Syrian authorities. Abdullah Öcalan then bounced around the capitals ofEurope, only to be captured in Kenya and handed over to the Turks by the CIA.

After the undeclared war between Turkey and Syria, Syria placed restrictions on PKK activity on its soil.

Idlib Binnish -”The People Who Represent Us are Those Fighting in the Trenches Not The Ones Sleeping in Hotels (SNC Members)”

And then there is the Turkish effort, with the Obama administrations backing and collaboration, to make SNC the sole voice of the opposition. So the SNC can receive all money and all supply toSyria must be funneled and coordinated through them so they are in full control.

Only one problem, SNC is in reality a Muslim Brotherhood controlled organization even if it pretends to be “neutral”.

See this video which shows Muslim Brotherhood leader Ali Sadreddine Bayanouni claiming that the Brotherhood chose Birhan Ghalioun to be the SNC leader as a front man because he would be more appealing to the West than an open Islamist.

Video here:

http://www.youtube.com/watch?feature=player_embedded&v=FWi7Rnpemkg

But the Syrian National Council (SNC) has failed. The people of Syria has seen trough this and rejected SNC as “a sole voice of the opposition”.

In fact, several SNC members, including Kamal al-Labwani and Haitham Maleh, have announced their resignations. They are both elderly veteran dissidents who are not Islamists. The reason being given most often for this crack-up is that the group’s leadership is “autocratic,” excluding most of the membership from any role in decision-making.

 Leaving aside the element of personal ambition, however, why is it autocratic? Because it is imposing the Muslim Brotherhood line rather than responding to the preferences of the activists within Syria, that’s why.

As the New York Times admits, al-Labwani, “accused Muslim Brotherhood members within the exile opposition of `monopolizing funding and military support.’” Yet there is not a word about how the Obama Administration pushed this Brotherhood-dominated leadership onto the Syrian opposition.

Most of the Kurds involved in the original talks angrily walked out of the negotiations because of their objection to Islamist leadership. The Obama Administration’s choice of  Turkey to coordinate this operation made it even harder to bring in Syrian Kurds, who play an important role in the revolution, since Turkey has fought a long war against Kurdish nationalism at home. Another issue of conflict is the SNC’s bad relationship with the FSA (Free Syrian Army) and its rejection of armed struggle to overthrow the dictatorship.

The opposition inside Syria say that this is because the Islamists hope to make a deal with the regime that would empower them (and they hope would eventually bring them to power in the longer-term) rather than fight it out.

Of the nineteen announced members of the top leadership of SNC, ten of them were Islamists, (Muslim Brotherhood or Salafist). A reliable Syrian opposition source tells that two more members are secretly Islamist tools.

In short, the U.S. government was helping to turn Syria’s revolution over to the Islamists. If this group had succeeded, the West would be facing still another radical Islamist regime that hated the West, wanted to go to war with Israel, and would be imposing a new dictatorship on its country.

That’s one of the reasons why there are more than a half-dozen other opposition groups have developed as rivals to the SNC.

And by the way, Erdogan is close personal friend of Obama which have made Turkeya key cornerstone in his Middle East policy.

Or as Barry Rubin puts it:

http://pjmedia.com/barryrubin/2012/03/26/obama-hearts-turkish-leader-erdogan-as-he-oppresses-his-own-people-and-stabs-america-in-the-back/

“President Barack Obama is continuing his love affair with Turkish Islamist leader Recep Erdogan. As Erdogan continues to undermine Turkish democracy, throw hundreds of moderates into jail, destroy the nation’s institutions, help Iran, throw hysterical tantrums about how much he hates Israel, promote Islamism in the region, and is fresh from still another meeting with Hamas leaders, Obama continues to use Erdogan as his guru.

When the two men met at the Seoul, South Korea, Nuclear Security Summit on March 25, Obama practically slobbered over the anti-American ruler, calling Erdogan his “friend and colleague….We find ourselves in frequent agreement upon a wide range of issues.”

When Erdogan goes to elections or is criticized by the opposition he uses statements like this to “prove” that his policies aren’t radical or anti-Western at all. Here’s a man whose regime can help terrorist groups organize a violent confrontation with Israel, preside over a virulently anti-American media, insist Iran isn’t seeking nuclear weapons and has a wonderful government, and then be lionized by the president of the United States.

Obama adds:

“I think it’s fair to say that over the last several years, the relationship between Turkey and the United States has continued to grow across every dimension.  And I find Prime Minister Erdogan to be an outstanding partner and an outstanding friend on a wide range of issues.”

What did the two men talk about? Well, they first discussed Syria, an issue on which Obama praised Erdogan’s “outstanding leadership.” In fact, Turkey has helped to engineer an Islamist leadership in the Syrian National Council that wrecked any chance that the opposition could unite.Turkey’s rulers did this not to promote democracy but to promote the Muslim Brotherhood.

Now, according to reliable sources, Obama is discouraging Erdogan from advocating a no-fly zone and safe haven in northern Syria because the U.S. government has basically decided not to help the opposition, which will ensure that the Syrian dictatorship crushes it and continues to be Iran’s main ally in the region.

Instead, Obama is opting, in his words, for “a process whereby a transition to a representative and legitimate government in Syria takes place.” In other words, Obama advocates a deal between the opposition and the dictatorship of President Bashar al-Assad  If this sounds like a contradiction, remember that this is also the Syrian Muslim Brotherhood line but is opposed by both the Free Syrian Army and the moderate oppositionists.

Of course, however, this strategy will merely buy time for the regime to achieve a bloody victory.  Erdogan is now headed to Tehran where he will try to convince his friends there to stop helping their friends in Syria. Does that sound like a mission likely to succeed?”

“Erdogan can well be delighted. He can do whatever he wants, trample on human rights at home; court radicals abroad including Hamas, Hizballah, and Iran; subvert U.S. interests, and still have Obama sit worshipfully at his feet.”

And to further prove that point that the Obama administration is ACTIVLY discouraging and opposing ANY small step Turkey wants to take regarding Syria:

US tells Turkey to back off  Syria

http://nowlebanon.com/NewsArchiveDetails.aspx?ID=378866

”In a previously unreported turn of events, it has now come to light that US Secretary of State Hillary Clinton, in her meeting with Turkey’s Foreign Minister Ahmet Davutoğlu last month, emphatically dismissed a number of forward leaning options on Syria that the Turkish top diplomat proposed to the Obama administration.

What this means is that Washington, which at one point subcontracted its Syria policy to Ankara, has now called the Turks off the regime of Bashar al-Assad.

According to well-informed Turkish and US sources, during his meeting with Secretary Clinton, Davutoğlu put forward a set of measures, including, among others, creating a buffer zone and/or a humanitarian corridor, as well as organizing and equipping the Free Syrian Army (FSA). The secretary of state responded in no uncertain terms that the Obama administration had no interest in pursuing any of these options. In fact, according to one account, Clinton told her Turkish counterpart no less than three times, “We are not there.”

This conversation fits well with the administration’s message to other regional allies, namely Saudi Arabia, against arming the FSA and pushing Washington’s preferred policy of going through the Russians, in an attempt to reach a “political solution” to the Syrian crisis.”

“Apparently, the Turks, much like the Saudis, were looking to the first Friends of Syria meeting in Tunis as a possible forum to bypass the Russians and begin a more muscular effort, with US backing. The Saudis found out at the meeting that no such action was forthcoming, and withdrew in frustration, while publicly voicing their preference for arming the Syrian rebels.

The Turks got their answer from Secretary Clinton well before the Tunis gathering, and, according to the Turkish sources, were dismayed at the Obama administration’s extraordinary passivity and refusal to lead.

The message conveyed to the Turks was the same one made clear to the Saudis. According to one US source, when Davutoğlu ended up asking Clinton where the administration was on the issue, her response simply repeated the mantra about the Arab League initiative and going to the Security Council again for another go at the Russians. In other words, it was more of the same.”

“As a result, the administration has found itself in the surreal position of siding closer with Assad’s Russian ally and at cross-purposes with its own regional allies – and, most significantly, in contradiction with its own stated policy of regime change in Syria.”

With “allies” like this who need enemies?

And finally some FSA comedy:

THE FREE SYRIAN ARMY COLLECTS DONATIONS FOR THE TURKISH ARMY – The FSA, who barely have enough weapons and supplies for themselves, conduct a charity drive for the Turkish Army.

Assad’s forces attacked a refugee camp in the town of Kilis on the Turkish side of the border and injured a couple of Turks in addition to wounding a dozen Syrians and killing two.

The Turkish Army has yet to respond to the attack, so the FSA conducted this donations drive for them.

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