Europe Is Aship of Fools

Between Nightmare and Graveyard: Europe Is a Ship of Fools
by Helga Zepp-LaRouche
Oct. 28If the consequences for so many people Mrs. Merkel wax indignant about this diplomatic slap werent so severe, one might say that the trans-Atlantic in the face. It was obviously of no concern to her that region was a Ship of Fools en route to the fools parathe fundamental rights of millions of citizens had been dise of Narragonia, and that the ofcial policies on both trampled underfoot. And the British daily the Guardian sides of the Atlantic are a remake of this moral satire put it exactly right: With friends like these, who needs from the late Middle Ages. enemies? For Chancellor Merkel, the NSAs bugging of her A Collapsing Empire cell phone is more than embarBut the arrogant overreach rassing, since it throws a spotwith which the American intellight on how seriously she ligence services are exploiting takes her oath of ofce. For everything technically possible President Obama, the backlash for total surveillance of the against Obamacare is proving world, completely oblivious to itself, as expected, to be a pocivil rights and international tential nail in the cofn. Even norms of civilized behavior, is in though JPMorgan Chase has to no way a sign of strength on pay only about $6 billion in their part. Indeed, the U.S. just penalties, after tax deductions, avoided state bankruptcyfor for its fraudulent transactions, maybe a couple of weeks. CEO Jamie Dimon is still getInternationally, the Empire ting off scot-freeso farand of Globalization shows itself to irrational exuberance again be a long-since overextended reigns on the nancial markets, power structure, whose dubious as if the crash of 2008 had never alliances, especially in Southhappened. One can only conwest Asia, are multiplying the clude that all these things are number of its enemies, day by merely symptoms of a collapsday. Domestically, rage and ing, decadent system. frustration are growing within Only two months after the American population against Merkels hapless Chief of Staff, Obama, now generally considRonald Pofalla, opined that alleered a fraud, who continued evgations about total surveillance erything for which George W. in the millions were off the Bush was already hatedonly agenda, it turns out that the more so. NSA not only spied on all comAfter Obama himself stepped munications in Europe and twice before the cameras and the U.S.A., but alsooutrageouslyon the Chancellors Hieronymus Bosch, The Ship of Fools (c.1490- called for cutbacks in Social Security, Medicare, and Medicaid, own cell phone. Only now did 1500).
22International EIR November 1, 2013
and Obamacare is doing the opposite of what the easily fooled consumers of the German media still believenamely throwing many millions of people out of their previous health insurance, and either cutting back or even withdrawing insurance from whole categories of the old and sickthe mood in favor of impeaching Obama is growing. And some forces in the institutions of power in Washington also see an intolerable threat in Obamas openness to a policy at the edge of the abyss, such as his recent threats of a military strike against Syria, and his policy against Russia and China. The fact that all of Americans communications are also being monitored and spied on, has led to a quite new protest movement and growing sympathy with NSA whistleblower Edward Snowden. The fact that JPMorgan Chase is supposed dw.de to pay approximately $13 billion, but after a Deluded speculators drink a toast to the soaring of the DAX, Germanys tax deduction only about $6.1 billion in penal- blue chip stock index, on Oct. 25. ties, and that the guilty ones will not be crimiglobal nancial system could evaporate in an instant, nally prosecuted, but have already factored in this exactly as the Eurocrisis could come back in full force. money into their business plan, enrages people even That the feet of the Colossus are made of clay, is more. And that the very same CEOs of the Too Big To nowhere more obvious than in the secret letter from EuFail (TBTF) banks on Wall Street dictated to Obama ropean Central Bank head Mario Draghi to EU Comwhat policy he must follow to block reinstatement of the missioner Joaqun Almunia at the end of July, which Glass-Steagall system, and at the same time demand cuthas recently been made public. In it he urgently advises backs in the social welfare and health areas, is not being that the plans for the so-called bail-in, the Cyprus model accepted in the U.S. as submissively as the EU is acfor all of Europe, be kept under wraps until the Eurocepted in Germany. In the United States, a revolutionary pean banking union is completed, because otherwise mix of desperation, rage, and patriotism is developing, there might be a run on the banks. which has been totally ignored in Europe for a long time. Are the European and U.S. governments incapable Europe in Denial of learning anything? Nothing essential has changed In Germany, peoples rage and disgust have been since 2008. Then there was a brief moment of shock, suppressed and turned inward, therefore manifesting that the meltdown of the nancial system was immithemselves as depression and a feeling of powerlessnent. Even then-French President Nicolas Sarkozy ness: Theres nothing one can do about it anyway. spoke about the necessity for a New Bretton Woods But the foundations of society, the trust of the populasystem. But the Wall Street banks immediately dictated tion in the government or in other leading institutions, what was in their interest: a rescue package like the preis eroding here also. vious ones, at the expense of the taxpayers, conseThe casino economy is booming as if 2008 had quently growing government debt; quantitative never even happened, and the DAX stock exchange easing, the so-called endless money printing, which is reached a record of over 9,000 points; speculation with now noticeable in rising ination in rents, energy, food, exotic nancial products is even more lavish than it was and gasoline, and soon threatens to turn into hyperinathen. But in the most stark contrast to the fantasies tion. The Cyprus modeli.e., the expropriation of deabout recovery in the Eurozone or the U.S., in fact, the positorshas already been prepared, with the aboveNovember 1, 2013 EIR International 23
mentioned constraint that discussion about it not be permitted, since this could unleash a run on the banks. The bail-in guidelines of the EU Commission were written by the International Swaps and Derivatives Association (ISDA), thus by the TBTF banks themselves. The Obamacare legislation also originated in the ofces of Wall Street. The government has degenerated into stooges for the bankers, the speculators are proting, and the population is supposed to pay the costs with radical cuts in their living standard and life expectancy. Recently in France, three books appeared that discuss a Plan B for withdrawal from the euro. Interestingly, these were not written by Euro-critics, but by authors from the center of the French establishment. Robert Salaiss Le viol de lEurope (The Rape of Europe), Steve Ohanas Dsobir pour sauver lEurope (Disobey To Save Europe), and Franois Heisbourgs Le n du rve Europen (The End of the European Dream), all document the total failure of the euro experiment, and the existential necessity of Frances withdrawal from the euro system. The French establishment is publicly working full blast on a Plan B. Professor Heisbourg draws the parallel to warEuropean leaders face the same choice that a general does,
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who has been overwhelmed in battle: to continue ghting until one is obliterated, or to break out of encirclement and at least save the bulk of the army for later, giving up the battle for lost, but not the war? Heisbourgs solution is a German-French withdrawal from the euro as a fait accompli; he nevertheless only talks about the possible modalities of withdrawal, and sticks with monetarist axioms. And here we see the malaise, from which the whole trans-Atlantic Ship of Fools suffers: The entire discussion proceeds only on the monetarist level.
There Is a Way Out

In total contrast to that, the Eurasian nations, above all Russia, China, India, Japan, and South Korea, are streng thening their diplomatic relations, with a clear focus on the construction of physical projects in the real economy: joint efforts for the construction of the New Silk Road, a variety of infrastructure projects throughout Asia, and acceleration of development of third- and fourthgeneration nuclear ssion, as well as the development of nuclear fusion. This was obvious in the recent state visits of Indian Prime Minister Manmohan Singh to Moscow, and the visit of Russian Prime Minister Dmitri Medvedev and the Academician Evgeny Velikov to China. The difference is obvious. The Eurasian countries are in the process of creating the physical foundation for future generations, while the trans-Atlantic region, under the diktat of the banks, is sending all its dreams to the graveyard. There is a way out: banking separation in the exact tradition of President Franklin Roosevelts Glass-Steagall law, which must end the casino economy once and for all. Then the European states, having returned to sovereignty, must enter into long-range cooperation agreements with the Asian states for the construction of the Eurasian Land-Bridge and the World Land-Bridge. At the same time, Europe must cooperate with an America that has returned to its Constitutional principles, in a crash program for the development of nuclear fusion and world development. Since the fall of the Berlin Wall in 1989, that has been the program of the BSo [Civil Rights Solidarity Movement in Germany] and the Schiller Institute, and it has taken a while for these ideas to gain acceptance in Asia. But now their time has come. The question remains, whether the U.S. and the European nations will decide on the graveyard, or on a hopeful future. Translated from German by Nancy Spannaus.
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February 2012
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EIR November 1, 2013

Europe Is Aship of Fools

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Between Nightmare and Graveyard: Europe Is a Ship of Fools

There Is a Way Out

The New Economics

A Science-Driver Program for Recovery

EIR News Service 1-800-278-3135

EIR November 1, 2013

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