The Real Game of Thrones


The real Game of Thrones is already underway. The contest to succeed Mario Draghi is now officially open. The head of the European Central Bank (ECB) will leave office on October 21st, 2019. The question is who has the guts to step up to the plate to clean up the mess he is leaving behind? The appointment of his successor is already underway.

All the various governments are planning to submit their entries for what people are calling the ECB derby of 2019. Nobody really knows what will happen between now and the summer of 2019 is already a political lifetime. The favorite behind the curtain seems to be Jens Weidmann, who is the current head of Germany’s Bundesbank. If he would take that position is debatable. There are huge economic problems Draghi is leaving behind with the Quantitative Easing and then stir in conflicting political interests, and it becomes highly questionable whether this is going to be an easy compromise of the clash of titans.

The backroom shenanigans are not going to be so easy since Draghi has kept member states on life support. The monetary policy crisis in Europe may now come to a head and expect this to also become a major influence behind the Euro in 2019 as speculation grows. However, there is a prelude to the Draghi successor. Come May 2019, the term of Vítor Manuel Ribeiro Constâncio, who has served as Vice President of the ECB from June 2010 until May 2018 must be decided. Constâncio served as Governor of the Bank of Portugal from 2000 to 2010. With his term expiring in May, the new Eurogroup president, Mário Centeno, formally asked his finance minister colleagues to submit their nominations for the job by February 8th, so that the heads of government have time to agree before the spring. The choice of vice president will certainly influence political balance which could alter also the type of policy to expect from 2020 onward.

One thing is very clear, the Vice President and President will not be from the same countries regardless of their qualifications. The tradition has been that the four largest eurozone economies — Germany, France, Italy, and Spain — must have one representative on the board, with the other two seats being left to remaining 15 powers. There is little question that Jens Weidmann would reverse the policies of Draghi and shrink the ECB balance sheet as quickly as possible. The French will object to Weidmann being the man to sit in that chair when many states are starting to complain about the austerity philosophy of Germany

The Brewing European Debt Crisis


Macron is pushing for the European Finance Minister to raise money by selling EU bonds and then distribute the money to the 19-member Eurozone. France is very heavily indebted and here once again we have simply the goal to raise more money rather than reform. Because of the riots in France, Macron is trying to get the EU to fund France. They want to call this the European Monetary Fund and it would be pitched as stabilizing the Eurozone, but in reality, it is circumventing the austerity principles and budget constraints.

Juncker was the European Finance Minister to chair a body of European Finance Ministers from each member state. He would also become the Vice President of the European Union.
Juncker is seeking to use the European debt crisis that is brewing as the means to the ends resulting in the final federalization of Europe. If the EU raises the money and hands it out like welfare to the states, then they become addicted and totally dependent upon Brussels and thus eventually all sovereignty is surrendered.

This new European Monetary Fund would incorporate the European Stability Mechanism (ESM) which is a Luxembourg-based fund that lends money to states in crisis. They lent money to Cypris, Greece, Ireland, Spain, and Portugal. They were issuing their own debt but were not an EU entity. The ESM capitalization was guaranteed by the euro countries. Therefore, the proposal is really a takeover and it would be a way to funnel money to states such as France

French President Macron Declares “Social and Economic” State of Emergency….


With massive civil unrest overwhelming many parts of French society, President Emmanuel Macron made a televised speech to the nation attempting to calm the anger. Macron declared a social and economic state of emergency and attempted to stop the ongoing Yellow Vest protests by announcing a special year-end bonus.

In addition to the year-end bonus, during the national address from the Elysee Palace Macron announced an increase in the minimum wage of €100 per month; a tax exemption on overtime pay; and a plan to not raise taxes on pensioners with an income less than €2,000/month.  Here’s the english version of the EU broadcast.

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When the same issues happened in Venezuela, Maduro followed a similar plan… things didn’t end well.   Macron has already committed the full weight of his police and military to crush any uprising.  Tenuous times in France.

1,400 Arrests in France as Yellow Vest Protests Spread Across Europe…


French President Emmanuel Macron may have maneuvered to block the growing uprising, but it’s quite possible he’ll lose his presidency in the process. French police took a much more aggressive posture this weekend.  The violence is disturbing.

In an effort to stop a replay of last week’s violence, French police moved in pre-dawn raids to round up those they identified as leaders of the Yellow Vest protest movement. In the city of Paris over 800 arrests were made by Macron’s forces and the French military were deployed. Overall, throughout France more than 1,400 arrests were made so far.

As the sun set, less organized protests continued as frustrated French set fire to cars, burned barricades and smashed windows in isolated geographic pockets within the city. Police forces were boosted to around 8,000 across Paris, with EU armored vehicles deployed in the city of lights for the first time in modern history. The pictures are stunning.

The Daily Mail has a pictorial of the events – SEE HERE

Katie Hopkins

Dispropaganda @Dispropoganda

Still think the is a “project for peace”?

 

redfish @redfishstream

Ruptly

redfish @redfishstream

Jaime Sánchez @JaimeSnMq

Leonardo Avila @Leo58883

 

Germany’s Most Beautiful Policewoman Told to Be a Cop or a Model


One of the clear cultural differences between Europe and the United States is that they even have the “hottest” female police officer – Adrienne Koleszar. That is something they just would not do in the United States. We hold Senate hearings because Janet Jackson’s breast popped out on TV at the Super Bowl. It is interesting that from the outside looking in, America is viewed as being prudish, to put it mildly.  Yet Adrienne’s boss told her she had to choose between being a cop or a model.

I appeared in Dresden but the police who were there to keep the crowds in line certainly did not look like her. The people were very warm and they even handed me a bouquet of flowers at the end of my presentation. Never had that in any other city I have ever made a presentation.

Annegret Kramp-Karrenbauer Replaces Merkel


Annegret Kramp-Karrenbauer was elected by the CDU party congress in the second ballot by a narrow majority to the new CDU chairmen. Kramp-Karrenbauer received 51.75% of the delegate votes, Friedrich Merz 48.25% of the vote. Jens Spahn was eliminated after the first ballot. Therefore, the CDU has sealed its fate. Kramp-Karrenbauer will maintain the policies of Merkel and will not push Merkel out of office. This is setting things up for a stronger rise of the AfD and puts the CDU at risk of dividing yet over the Refugee Issue.

Hillary should have just learned to speak German.

Sacrebleu !! Macron Shuts Down Paris in Attempt To Stop Protests, Deploys 89,000 Police Around France….


Yikes, and a simultaneous ‘Wow’.  French President Emmanuel Macron has officially shut down Paris this weekend in his attempt to stop the “Yellow Vest” populist uprising against current political policies.

The primary tourist venues are all closed; shops ordered to close; windows boarded up; 8,000 police units dispatched to Paris and 89,000 deployed throughout the country.

PARIS (Reuters) – Paris was in lockdown early on Saturday with thousands of French security forces braced to meet renewed rioting by “yellow vest” protesters in the capital and other cities in a fourth weekend of confrontation over living costs.

The Eiffel Tower and other tourist landmarks were shut, shops were boarded up to avoid looting and street furniture removed to avoid metal bars from being used as projectiles. About 89,000 police were deployed across the country.

Of these, about 8,000 were deployed in Paris to avoid a repeat of last Saturday’s mayhem when rioters torched cars and looted shops off the famed Champs Elysees boulevard, and defaced the Arc de Triomphe with graffiti directed at President Emmanuel Macron.

Protesters, using social media, have billed the weekend as “Act IV” in a dramatic challenge to Macron and his policies.

The protests, named after the high-visibility safety jackets French motorists have to keep in their cars, erupted in November over the squeeze on household budgets caused by fuel taxes.

Demonstrations have since swelled into a broad, sometimes-violent rebellion against Macron – a challenge made more difficult to handle since the movement has no formal leader. (read more)

If you don’t think these global elites take this stuff seriously, and are willing to go to any length to stop political nationalist uprisings, just take a look at how far they are willing to go with this one.

This isn’t Tehran or Beijing… this is Paris. Proving, once again, that globalism is really just the glove covering the hand of oppressive totalitarianism.

Next stop…. shut down the internet in France.

Merkel Says Goodbye as Leader of CDU


Merkel said goodbye at the CDU meeting today. She intends to remain as Chancellor until 2021. However, the victor will be positioned to succeed Merkel as chancellor and influence whether she stays or bows out before her term ends in 2021. Although Merkel is widely known for her caution and changing positions with her internal poll team, she has been a shrewd disrupter of the German party system and has moved the CDU to the middle of the political spectrum. Her downfall has been her opening up Europe to all the pretend “refugees” that poured in from everywhere but Syria. The rushed into Europe for the welfare system with no requirement for skills or language. About 70% were just young males, not families with children as the press only photographed. That single decision has been the most destructive for the European project.

The frontrunners in this election today are Annegret Kramp-Karrenbauer, who is a Merkel protege and is seen as the continuity candidate who will change nothing, so the CDU would change the face but nothing else. Then there is Friedrich Merz, who has been a Merkel rival questioning the constitutional guarantee of asylum to all “politically persecuted” and believes Germany, Europe’s biggest economy, should contribute more to the European Union. These are very stake differences in policy but this is NOT a public election but politicians who decide. Party leadership is typically the springboard to the chancellorship so this is really a critical decision for the CDU

Nigel Farage v Juncker


BREXIT and the Chaos Unleashed by Prime Minister May


 

The European Court of Justice (ECJ) ruled that the UK can unilaterally cancel its withdrawal from the EU at any time and that will not be subject to a vote by other EU member states. This is a non-binding opinion that was delivered by an advocate general of the European Court of Justice. The ECJ said it will deliver its final ruling at a later date.

Meanwhile, Prime Minister Theresa May has refused to release documents that would control the BREXIT deal she crafted. She lost an unprecedented three parliamentary defeats in a single day. The member of Parliament moved to hold her government in contempt. Her government said the documents would be handed over after MPs passed a historic motion finding the government in contempt of parliament for failing to previously publish the details. She said Wednesday night’s defeats made leaving the EU without a deal much more likely. She further urged colleagues to return to the deal when they voted on it next Tuesday.

The Irish border BREXIT Backstop has been a key part of the BREXIT negotiations that is about the border which separates Northern Ireland and the Republic of Ireland. The EU position is that they will ONLY approve a BREXIT deal with the UK if it includes an agreement on the Irish border whereby it becomes a hard border. They argue their standards on anything can be circumvented if there are no border checks. They effectively want a wall between the two parts of Ireland based upon different customs and regulatory regimes, not to mention TAXES!!!! All goods traveling back and forth in Ireland they are demanding border guards and checks. As always – just follow the money.

Meanwhile, a string of Conservative colleagues has urged the prime minister to change her plans for Brexit, which are due to be voted on next Tuesday, December 11th. She is facing almost certain defeat when MPs vote on the withdrawal agreement on 11th December. Under the terms of May’s deal, Northern Ireland alone could end up in a customs union with the EU under the terms of the BREXIT Backstop. Unlike anything else, if the UK signed that deal, there is no mechanism for them to ever change it. They would be surrendering right to Brussels forever!

It is interesting how the computer picked up this period for sheer chaos in the markets of Europe