Draghi represents the forced continuity wanted by the Paris-Berlin axis for the EU: the Italians wanted to leave in 2020, the solution was the former head of the ECB as Prime Minister. How long will it last, with galloping inflation and Poland as anti-EU?
The EU is under attack, 360 degrees, from a variety of fronts. From the west, with the Brexit.
From the south, with the Euro-weak countries in which people dream of leaving the euro, clearly crippled – perhaps I should say “looted” – by the so-called “expansive austerity” (an oxymoron) of Franco-German matrix.
And now also from the northeast, with Poland put in check and fined by the EU for the sole fault of wanting to continue to “be Poland”.
Above all, the galloping inflation, exogenous in origin, which in a few months will no longer be able to be contained even in Latin countries, which today are still silently experiencing governmental manipulation of consumer price indexes (I imagine that social peace will not last long; see the report on prices for September 2021 published by the MISE/Italian Ministry of Economic Development, with prices in general vertical ascent – very often even in double digits – but with inflation “only” at 2.9%, totally absurd).
The above clearly points to an ongoing paradigm shift.
That is, the EU engineered to live on devaluation with the Euro (much weaker than the hypothetical German mark), or with the hidden aim of transferring wealth from the Europeripheral countries to the center of the Empire, is finally in the priority need – on the core Europe side – to tame inflation before being able to export thanks to an artificially devalued currency.
It is in fact clear that a country, or rather a “political continent”, without raw materials like Old Europe, is obliged to contain first of all the costs of production if it wants to hope to survive without destroying the social base on which its power is based, e.g. when inflation bites.
That is to say, being tempted – on the German side – to mimic, today, with a new mark yet to come, the wise Switzerland and its franc, which has been rising steadily for months precisely in order to counter international inflationary pressures.
And therefore, prospectively leaving the EU to its rubble, rubble on which Paris will certainly throw itself like a vulture, first of all on the Italian ones.
All the more so if, in this context, the USA and the FED are anticipating – as is clearly happening – the events by making the dollar rise in an anti-inflationary capacity (but also having abundant raw materials in place, above all oil, a situation not unlike the times of the attack on Nixon, see De Gaulle’s provocation on the convertibility of dollars into gold and the subsequent Watergate scandal, ed.)
Now then, in addition to the centrifugal drives within the EU, i.e. having as a driver the national interests of Southern Europe, mainly Italy, perfectly legitimate interests, a macro-economic context is also generating that will lead us to the epilogue expected to the title, due to inflation and related monetary policies: the controlled demolition of the EU based on the euro.
It should be remembered, for example, that Rome has seen in recent years a massive reduction in its own welfare (e.g. in terms of wages); to this is added – TODAY – interest from the center of the Empire in a paradigm shift, the first time in almost 25 years.
In addition, here is Poland’s recent response to the diktats of Brussels aimed at ceding superfunds (i.e. its own welfare) to EU interference; Poland clearly supported by the USA, see the so-called “Trump Base”, i.e. the US military installation in Poland recently inaugurated by the States on Polish soil.
A brutal response to say the least: in this context the Polish government has announced that the largest fine imposed by the EU to a country that gravitates in its sphere of continental influence, will not be paid anyway.
On the contrary Warsaw foresees a progressive enlargement of its armed forces, always with American support, a constant Anglo-Polish collaboration since the times of Brezinsky, Sikorsky and marriages in the heart of the US corporate with Polish soul (J&J above all).
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In all this we must not underestimate the reaction of Berlin, as always upset when its plans do not follow the expected trajectory: although it has not been properly emphasized by the EU media always too pro-German, as to the Reich themes, the German move that will lead to chaos (come) is materializing before our eyes, see the incredible announcement of the German Defense Minister of military intervention in the Baltic even with the nuclear threat as anti-Russian, ie with weapons that Germans theoretically would not have (…).
This exudes desperation (never forget that the German system, then survived in various ways the post WWII purges, is the same that laid the foundations for the atomic military industry 80 years ago, ed).
Clearly, the US power factor remains in the background, ready to be activated if necessary to defend the stars and stripes interests.
To date, however, the situation remains extremely fluid.
We can however fix some stakes, as of now, to understand how we arrived to such a EUrocentric debacle, that is where we are today. And perhaps try to hypothesize some future developments.
First of all, Draghi represents the real factor of continuity wanted by the EU to dampen the centrifugal pressures aimed at leaving this EU: too many people forget that only a few months ago, in 2020, the majority of Italians publicly expressed their support for an exit from the Union, as reported not without a vein of ill-concealed terror by the website german-foreign-policy.com only last year.
Accomplice to the fall of Trump, instead, Draghi arrived to stop the Italian diaspora, after the media canonization of Draghi at the Rimini meeting last year, preparatory to his landing at Palazzo Chigi, thanks to the activism of the leader of the Milanese “Compagnia delle Opere” (the German Bernhard Scholz), a religious-ethical entity contiguous to Communion and Liberation and perhaps even reminiscent of the activism in German protection of Cardinal Ildefonso Schuster 75 years ago.
Clearly an attempt to postpone the plan to deflagrate the EU via dollarization of Italian debt, as winked at by Giuseppe Conte in last year’s Eurogroup, behind US impetus (“…if we don’t go it alone,” said the Italian prime minister at the time, making Angela Merkel’s entourage excited).
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In this context, it is essential to understand the genesis of Mario Draghi, a character who is grafted in a groove that is Anglo but intrinsically pro-EU.
Noting that we are dealing with the area that we can roughly define as the “Cameronian world”, i.e. that pro-EU British elite that is behind the genesis, in the Peninsula, of both the 5 Star Movement and the Regeni case (no small detail, the wife of the former British Prime Minister – a Countess Astor – had a primary Christian education, ed).
That is, Draghi is supported by a political-elitist area of Anglo matrix that has always been close in its interests to Paris, as German containment (to represent less summarily the address of this, let’s say, pro-European current based in the Perfect Albion, one could go back to the “Scots Guards” of Mary Stuart in the French capital, who were also in defense of Joan of Arc, ed.)
Hence the natural closeness of the world that orbits around the current Italian Prime Minister towards what France represents, today especially given the expected turn of Berlin towards a more German set-up (Goethe himself depicted the printing of money as mephistophelian, diabolical, as it created inflation).
Unfortunately, the above does not augur well for future Franco-Italian relations, which will certainly be to Rome’s disadvantage; a relationship that the two neighboring countries will necessarily develop from here on, that is, during the period of German meditation on what to do with the current EU, thanks to the subjugation of the Roman political class to interests that are more French than Italian.
Hence the expectation of a new Franco-Italian strategic macro-agreement signed by Draghi soon, I repeat, to French advantage.
Wages on EU, from 1990 to 2020: “Italy is the only European country where wages have decreased compared to 1990” – Openpolis on OECD data – at LINK
In this context, with inflation now out of control, with economic growth actually close to recession if netted with the correct GDP deflator, Italian BTPs fell below a very important technical level, 150 points, only last Friday.
At the end of the game, however, it will always be the Peninsula to act as a watershed in the fate of the EU, with its expected collapse of public finances, in the long term, i.e. with the markets very skeptical about the possibility of repaying the huge debt in euro (…): for your information, today the Italian GDP without undeclared activity exceeds 180% of GDP.
And with a number of pensions paid by the State equal to about the same of the employees: it is not a question of Italian implosion by remaining in the euro, only of when.
Finally, here creeps the Green agenda, always with Italy as center of gravity, to be saved with money borrowed from the same Italian citizens but in the name of the EU (the Recovery Fund is for the most part a loan, guaranteed in fact by the assets of Italian families), that is the total value of the PNRR of about 200 billion euros – paid in 3-4 years – of which the Recovery Fund, only about 30 billion euros are lost!
In addition to the madness of mass vaccinations in Italy, now with a target of 90% vaccinated and with the de facto obligation of universal vaccination, under penalty of the impossibility of working.
Even in this context we simply observe that there is a huge and obvious correlation now between vaccination madness in selected countries and technical failure, in fact, of their local pension systems (on all, Italy, France, Israel, Austria with its minimum retirement age still below 60 years on average, ed).
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In conclusion, it is easy to expect a controlled demolition of the EU, starting with German and pro-German drives aimed at shielding themselves from international inflationary pressures by returning to a surrogate of the new mark, stronger than the euro.
At the same time, the centrifugal drives within the EU, undeniable e.g. on the Italian side if you want to ensure a minimum of future prosperity to their people, will be concentrated in the Europeripheral countries, i.e. where the state welfare institutions are practically bankrupt.
Only to end in an inevitable contingency of, let’s say, reduced monetary union, in which Paris – once Germany crosses the Rubicon of the return to a stronger currency – will play the card of a “Euro-CFA” with Italy as a wingman; or rather, a Euro Med (or better yet, French Euro) in which the African countries of the CFA franc are replaced by Italy and perhaps Greece.
In this context, the only addendum that does not add up are the 100 US military bases in Italy, of which at least 4-5 are nuclear, together with the largest US weapons depot outside the US borders.
It is not to be excluded, therefore, a renewed next American activism aimed – encore – to neutralize threats to its strategic interests; we believe that this effort will not be too dissimilar from what was the American intervention in Indochina or more properly in the Suez Canal (these facts led to an implosion of the residual French and veteran-European colonial network in the world, ed).
By Marco ROCCO, Industrial engineer, former manager in leading multinational companies in the energy sector. Regular contributor to various Italian blogs, including mittdolcino.com, scenarieconomici.it, starmag.it, ofcs.it, qelsi.it.
Published by SCF
Republished by The 21st Century
The views expressed in this article are solely those of the author and do not necessarily reflect the opinions of 21cir.