Zombies: how low rates and state intervention are dragging Europe down

by Nicola Kedhi, Cap X

Rise of the Zombies: how low rates and state intervention are dragging Europe down

Photo: Getty Images

Covid has created another pretext for billions of euros to be spent on zombies

Zombie companies are in limbo: unproductive, but kept on life-support by low interest rates

As soon as interest rates start rising, Europe’s economies will face a reckoning

Once the continent of innovation, art, democracy and non-conformity, Europe has been laid low by a heady brew of bureaucracy, over-regulation, over-taxation and debt. A crisis of political leadership has in turn produced a deficiency of bold, innovative ideas, a shortage of vision and a huge expansion of government intervention. Nowhere is this clearer than in the EU’s ill-fated monetary misadventures.

Throughout the last decade, the European Central Bank has pursued a program of Quantitative Easing program that has pushed interest rates into negative territory, all in the name of keeping the EU together … Continue reading >>>

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The age of financial privacy is over
Yes you read that right. The fascist regime in the USA has usurped to itself the right to raid bank accoutns anywhere is the world. At the moment they are only stealing money by way of tax demands from people who were born on US soil even if those people have not lived in the USA since childhood and have never be employed by a US business.

Inland Revenue a Dysfunctional department that ‘can’t be trusted’ with power to raid bank accounts
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The Treasury select committee warned that allowing HM Revenue and Customs to remove cash from bank accounts without court orders is “very concerning” because of its history of mistakes.
The committee said that taxpayers could suffer “serious detriment” if officials are able, either by mistake or through an “abuse” of power, to take money from people who have done no wrong.

Magic Money – How The Fractional Reserve Banking System Conjures Money From Fresh Air:
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Investors Ignore Triple Dip Regession As Stock Market Hits Four Year High
News that the British economy was staring an unprecedented triple dip recession in the face left investors unperturbed yesterday as shares on Britain’s leading index hit their highest point in since the crash four-and-a-half years ago.

Tax The Rich, Hurt The Poor
The loopy left in Britain and the USA have, throughout the cedit crunch, chanted their Tax The Rich mantra. Those who do not learn from history are condemned to repeat it of course and the left have still not learned from all the other economic catastrophes caused by attempts to redistribute wealth that taxing the rich huts the poor most.

The Folly Of Using Inflation To Reduce The Debt As the Obama administration starts to seriously consider minting Trillion dollar coins to reduce debt by fuelling massive inflkation the Daily Stirrer’s finance expert explain why this would not work and would have catastrophic consequences.

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The Cashless SocietyOmnibus page on how the elites are trying to abolish cash to facilitate total surveillance of every aspect of our lives and to remove from us the ability to control our own finances and lives

A Perspective On The Russian Economic Crisis

One of Little Nicky’s biggest fans (NOT!) gets so mad when we present the Russian view of events to balance the pro – Washington, pro – American global hegemony that there’s a change he will blow a gasket. Russia Today however is not the old Soviet regime newspaper Pravda and Little Nicky hopes most of our readers are smart enough to know that both the Western and Russian versions of events is as heavily spun as any coming out of Russia and the truth lies somewhere in between.

And so we turn to Deutsche Wirtschafts Nachrichten (German Financial News) for some balance, because the German business community seems much less in thrall to the US government than the EU or any European national leaders. So here are some thoughts from our German source on how the Russian situation differs from what we are told by western media.

Translated by fatsally from:
Deutsche Wirtschafts Nachrichten

The changes in the international financial and economic life are palpable: Overnight systems can fall apart at the seams, as now, the ruble in Russia.

This question is being asked by many: Is this the Black Swan, which the system come crashing down?

There are signs of a domino effect in the emerging markets, the first repercussion can be observed today in Turkey? How will the crisis affect Europe? Where did the crisis come from?

We show below on the basis of 10 books, what is involved in the crisis. The books are available individually or as a pack of 10.

1. Vladimir. The whole truth about Putin (German language book)

In this extremely competently written analysis of the author debunks various prejudices that circulate commonly Putin. Stanislaw Belkowoski explained that Putin is less a man of intelligence than a clever business man who knows how to serve the interests of the oligarchs. Therefore Putin, despite attempts by the Americans to isolate him,is still an important player for the international financial elites.

However, America’s economic war could have dramatic consequences for the West . The author writes in his critical, but pleasantly unbiased analysis: “Gentlemen, bureaucrats, if the people en masse will soon go on the road [reject the E U globalist consensus] as has recently been the case in Bulgaria, then you cannot say we did not warn you. ”

2. The money Apocalypse

rick

A book titled “The Death Of Money” is something sensational in German, but a new publication with that title explains the backdrop against which the new Cold War with Russia is taking place:

Author James Rickards explains in plain and intelligible language that we are already in the middle of a currency war: “the purpose of war is the will and the economic capacity of the enemy to break … the destruction of wealth through a stock exchange attack can be more effective than the sinking enemy ships.”

Rickards reported from inside the US Government, as officials in Washington long ago are passed over to this type of warfare. The author is a master, not to take sides with the one or the other, but describes as a thriller perhaps the most decisive war of the future, the battle for the survival of the dollar as the world reserve currency.

Die Geld-Apokalypse

5. The collapse of the dollar.

James Turk and John Rubino predicted the end of the Petrodollar world currency ten years ago. That the dollar in the familiar form is still the reserve currency does not invalidate the analyzes of the authors, but is a testament to the persistence of global systems. However, the book was right about one thing: Parallel to the decline of the dollar price of gold rose.

Gold is becoming the de facto reserve currency: This is how The New York Times recently explained in an interesting Op-Ed, that gold is seen as less a means of payment or a store of value, rather a symbol of power. As money and stocks lose value eroding the wealth of the masses, the rich and rising [corporate] empires find that they can change the rules.

The authors describe prophetically that the crisis of the dollar has to be seen the twin sister of the global debt crisis. China, Russia and many other emerging markets have systematically increased their gold holdings in recent years. In the Rickards book (see item 2) above, global currency war simulations are enacted in the Pentagon, in which China with the introduction of the gold standard, resolves the global power issue.

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China Stumps Up To Help Beleagured Russian Economy

Original German
(CLICK HERE to read all)
Die Veränderungen im internationalen Finanz- und Wirtschaftsleben sind mit Händen zu greifen: Über Nacht geraten Systeme aus den Fugen, wie nun der Rubel in Russland. Die Frage, die sich viele stellen: Ist das der Schwarze Schwan, mit dem das System zum Einsturz komm? Folgt der Domino-Effekt in den Schwellenländern, des erste Ausläufer heute schon in der Türkei zu beobachten sind? Wie wird die Krise Europa betreffen? Woher kommt die Krise eigentlich? Wir zeigen im Folgenden anhand von 10 Büchern, worum es bei der Krise geht. Die Bücher eignen sich als Weihnachtsgeschenk (einzeln oder als 10er-Pack) genauso wie als Proviant für die Feiertage (falls nach der Verdauung des Weihnachtsbratens wirklich der Schwarze Schwan auftauchen sollte).

Wladimir. Die ganze Wahrheit über Putin“

putin

In dieser außerordentlich kompetent geschriebenen Analyse räumt der Autor mit diversen Vorurteilen auf, die über Putin landläufig kursieren. Stanislaw Belkowoski erklärt, dass Putin weniger ein Mann der Geheimdienste ist, sondern eher ein geschickter Wirtschaftsmann, der es versteht, die Interessen der Oligarchen zu bedienen. Daher ist Putin trotz seiner versuchten Ächtung durch die Amerikaner immer noch ein wichtiger Player für die internationalen Finanz-Eliten. Allerdings könnte es für den Westen dramatische Folgen haben. Der Autor schreibt in seiner kritischen, jedoch angenehm unvoreingenommenen Analyse: „Meine Herren Bürokraten, wenn das Volk demnächst massenhaft auf die Straße geht, wie es vor kurzem in Bulgarien der Fall war, dann werdet ihr nicht sagen können, man habe euch nicht gewarnt.“

Die Geld-Apokalypse“

rick

Dieses im Deutschen etwas reißerisch übertitelte Buch (Englisch: The death of money) erklärt die Kulisse, vor der der neue Kalte Krieg mit Russland stattfindet: Autor James Rickards erklärt in unnachahmlich klarer und verständlicher Sprache, dass wir uns bereits mitten in einem Währungskrieg befinden: „Der Kriegszweck besteht darin, den Willen und die ökonomischen Kapazitäten des Feindes zu brechen…Die Zerstörung von Wohlstand durch eine Börsenattacke kann wirksamer sein als das Versenken feindlicher Schiffe.“ Rickards berichtet aus dem inneren der US-Regierungsbehörden, wie die Beamten in Washington längst zu dieser Art der Kriegsführung übergangen sind. Der Autor versteht es meisterhaft, nicht Partei zu ergreifen für die eine oder andere Seite, sondern schildert wie in einem Krimi den vielleicht entscheidenden Krieg der Zukunft, die Schlacht um das Fortbestehen des Dollars als Weltleitwährung.

Der Kollaps des Dollars“

Unbenannt-1

James Turk und John Rubino haben bereits vor zehn Jahren den Untergang der Weltwährung vorhergesagt. Dass es den Dollar noch immer in der bekannten Form gibt, spricht nicht gegen die Analysen der Autoren, sondern ist ein Beleg für das Beharrungsvermögen von globalen Systemen. Das Buch hatte allerdings in einem Punkt recht: Parallel zum Niedergang des Dollars stieg der Goldpreis. Gold ist, wie neulich die New York Times in einem interessanten Op-Ed erläuterte, vermutlich weniger ein Zahlungsmittel oder eine Wertanlage als vielmehr ein Symbol der Macht, das erodierende Reiche verlieren und aufsteigende Reiche horten – um eines Tages die Spielregeln zu ändern. Die Autoren schildern prophetisch, dass die Krise des Dollar die Zwillingsschwester der globalen Schuldenkrise gesehen werden muss. China, Russland und viele andere Emerging Markets haben in den vergangenen Jahren ihre Goldbestände systematisch erhöht. In dem von Rickards (siehe Tipp 2) beschriebenen, globalen Währungskrieg gibt es im Pentagon längst Planspiele, in denen China mit der Einführung eines Goldstandards die globale Machtfrage stellt.