Theory Of Everything Update--The West Riding For A Fall?

Tom Luongo’s latest article is based off a set off questions that were presented to him by Sputnik News. The actual question - response between Tom and Sputnik is appended to the article, and I’ll be working mostly from the question - response portion. The context for this, of course, is the annual Munich Security Conference. At the conference one of Klaus Schwab’s Davos gal national rulers—Kaja Kallas of midget state Estonia—floated the idea of Euro Bonds to fund a continuing war against Russia in Ukraine.

Why War Bonds Are Returning in Europe

Now, Sputnik contacted Tom to get his views on this scheme. Tom enunciates this fundamental principle, toward the end of his article:

Sovereign debt is secured through taxation and the productive capacity of the population. At this point the EU has neither.

The EU, as such, doesn’t have direct control over the tax base and the productive capacity of the member states. That, however—full integration of EU nations into the EU, such that the ECB could become a true Central Bank and the EU the sovereign entity over the Eurozone—is the goal.

That principle—the quest for EU control over the European wide tax base and productive capacity—leads, conceptually, to the exchange with Sputnik News, which is appended. Sputnik wanted to know, How effective could this scheme turn out to be? Behind Sputnik’s question, as it seems to me, is the issue of whether these “war bonds” could effect a transformation of the EU into a war making machine against Russia. Tom sets out his thinking on what’s going on here with regard to the war on Russia. However, Tom later says something that is best placed first, namely, that all this is, in essence, a follow on from Covid. In other words, Covid was the first move in a power play by the ruling class to fully subjugate the subject class of citizens and attain that sought after control that we just described:

Europe embarked on a very dangerous path by purposefully gutting their domestic economies through COVID lockdowns to get the first round of Eurobonds agreed to. Now they are using the phantom threat of a Russian invasion to get the second round issued.

So the idea is, institute massive economic demolition and dislocation to make centralized control appear to be the only solution. I would add that the massive influx of migrants—many of them military aged males—was also part of that planned demolition. This is true not only in Europe but very much so in America. Tucker Carlson has pointed out that under the Zhou regime we have seen 10 million illegals enter the US—an astounding number, but one which was fully intended while our Uniparty in Congress looked away. Create crises so that the populace will appeal for strong arm government is the guiding strategy. Financial control, of course, is the sine qua non:

Eurobonds are the Holy Grail for European integration. PM Kallas is telling you what the plan is. The EU’s Achilles’ heel is the euro itself and its lack of central taxing authority. Eurobonds, issued through the European Commission, of this type are another way of handing that authority to Brussels, bypassing member state central banks and legislatures.

If one was cynical, which I am, one would suspect that the EU’s support for the war in Ukraine was mostly driven by this desire to centralize power in Brussels. You start a war in Ukraine by purposefully crossing Russia’s red lines, drive inflation up locally, and empty the military coffers of all the post-WWII weapons and ammunition that is now outdated. If you win the war it’s great. Russia’s been subjugated and a new colonial frontier opens up for Europe to grab the collateral needed for the next iteration of Imperial Europe.

If you are losing, as you are now, you play up the threat of Russia not stopping at Ukraine to justify shifting your domestic spending to a military buildup, issuing Eurobonds to pay for it. The EU Commission has to be given direct taxing authority to guarantee the bonds to investors. Their SURE bonds, issued after COVID-19, were the first proof of this mechanism.

Overall, I find this—especially combined with the migrant and Covid crises—to be plausible. To the extent that it would make Macchiavelli blush.

Now, I hesitate to tread here on my own. Tom’s argument is that the ultimate goal of the Davos globalist crowd is to colonize the US:

The incipient inflation and overly strong euro as a currency is pushing their industries offshore as a result. But that is, again, part of the strategy. Because for every BASF plant built in the US, what comes with it are the strings of EU regulations which the local and federal governments must adopt. These are designed to collapse the competitive advantage of the foreign nation by raising their costs locally.

I can see this in terms of collective Western integration. As I argued recently in the comments, there is no question that a faction of our financial elites are in cahoots with Davos. As presented in that paragraph, however, I think we need more conceptual development. Now, Tom, in his concluding paragraph, points out that this is a very risky strategy, and much of the risk stems from Jay Powell’s refusal to go along with America’s Davos faction—led by Janet Yellen. There is also the overwhelming likelihood that Russia will have a say, by dint of their military victory in Ukraine. In this conversation today with Danny Davis, even as cautious a realist as John Mearsheimer posits a “better than even chance” that Ukraine’s military will “break” sooner rather than later. A Russian victory of that sort will surely scramble all these considerations, as will what looks more and more like an impending Armageddon in the Middle East. A last caution—which Tom is well aware of—is the popular unrest in Europe in an election year. Readers may have seen the sign on a tractor of the Polish farmers blockading the Ukraine border. The sign basically called on Putin to clean house in Ukraine, Brussels (the EU), and “our [Polish] governing authorities”.

Now, Alexander Mercouris weighed in on this idea of creating a European wide war economy today. He called it “nonsense,” and I find his argument compelling. He fingers the European oligarchs as feckless and clueless administrators in the service of an American Empire that has other things on its mind—if one considers our own oligarcy to be other than brain dead. I’ve summarized much of the second half:

A year ago there was talk from Burrell about the need for Europe to move into a war economy and we've talked about this. Obviously the nation states of the European Union are not prepared to to move to a war economy. They think that, having been de-industrialized as far as as producing consumer goods, they can simply magically switch to weapons production and that will power their economies into the future. This is another example of magical thinking by unserious people. No one in Europe is really thinking about what that would require and, to be frank, none of the people people who are in charge of Europe would know how to do that.

The simple fact is that no country that has a strong military industry has been able to achieve that without having a big industrial base. The reason the Russians are able to pour out shells, tanks, all of those sort of things, is because, contrary to what everybody has been saying for the last 30 years, Russia has not de-industrialized. They still have huge numbers of engineers, they still produce more engineers per year from their universities than the United States does, they still have huge numbers of scientific and laboratories and design institutes and things of that kind. They still make vast amounts of steel. They are organized in order to be able to do production. The US and the rest of the West have de-industrialized to the point that they’re no longer capable of that.

The people who are talking this way--not for the first time--don't know what they're talking about. They didn't know what they were talking about on energy policy, they don't know what they're talking about in terms of military industrial manufacturing. If it was so easy they would have already done it two years since the crisis began.

One more topic at the Munich security conference--they're freaking out about Trump and everything he said about NATO. Their real concern is not Ukraine and Zelensky, it's how do you deal with Trump in connection with NATO, in connection to the international rules based order and the security architecture of the collective West. This demonstrates a point that we've been making in program after program--these are not real politicians. They're basically administrators of the Empire. What they're scared of now is that the emperor is going to cut them off. He's going to say, Look, I have more important things to do. You've got to look after yourselves. It's like what the Roman Emperor said to the Britons in 400 AD--Look to your own defenses, I've got more important things to worry about in other places. This is what's panicking them. If these people were really concerned about the true interests of their countries they would be saying, We've got to come up with economic and political and diplomatic and military strategies that will recognize the fact that sooner or later the Americans are leaving.

And, of course, the most important thing you should do is take care of your own societies, open up a diplomatic outreach, talk to the Russians. But of course these people won't do that. So they're left thrashing around saying, Oh the Americans are leaving, what can we do? I mean, it is pathetic.

Putin, by the way, talked about this in his interview with Pavel Zarubin. He said that what Trump is saying--whatever you think of Trump, whatever you think about whether or not he's going to do it, about which Putin was skeptical, by the way--has logic behind it. What the Europeans are saying has no logic behind it. Putin said almost exactly those words.

The Americans supposedly must come to their rescue. It's an absurd proposition. It is ludicrous. It is the outlook of people who aren't concerned about the interests of their countries, have sacrificed the sovereignty of of their countries and, instead of looking for alternatives--the Americans can't always be there--they spend their time wailing and gnashing their teeth. It is absolutely pathetic.

Over on this side of the Atlantic, we’re seeing the same dynamic in play. Create crises that, to the low information crowd, creates a demand for more and bigger government to solve the crises that were intentionally created. This process has been enabled over many decades by our default public de-moralization: You can’t legislate morality is what passes for wisdom in our America, and that translates directly into, well, one example: three girl B-ball players getting injured in a single game by a guy in drag. The list of sickening symptons could go on and on, but looming large in the political landscape is the “migrant” crisis we already mentioned above. It’s a dagger at the heart of our electoral system—a ready made underclass that will vote for the party that promises them money. And don’t think they won’t vote. Alexander de Toqueville told what would happen once politicians realized they could bribe the public. It’s the path to the final establishment of One Party rule. Woke social theories are making a mockery of our legal system, with coercive health and climate policies being used as hammers over dissenters. And the ever increasing evidence that the Progs intend to loot the rich to pay for all the government they have planned for us—and the crushing of the middle class, the only remaining opposition. Free speech? Haha!

The one sign of some hope, beyond the role of the Fed in opposing Davos that Luongo points to, is the dawning awareness in the financial class in the wake of the Trump lynching, that they could be next. Tom provides suggestive links on X:

Dave Collum @DavidBCollum

This is unvarnished authoritarianism. If you cannot see it you have been lobotomized by your hatred of the man and ignoring the long-term implications.

Collum links to an excellent Jonathan Turley article that you need to not only read but go to the video, as well:

Pay-To-Play: Trump Faces A Staggering Cost For Appeal

The pushback is starting among the financial elites, who are bugging out for the sticks—WV, OK, SD. Anywhere but the coasts. Turley:

Faced with high crime and high taxes, the spectacle in Manhattan is only likely to accelerate the exodus of businesses and high-earners from the city. That prospect has already alarmed Gov. Kathy Hochul who declared “business people have nothing to worry about, because they’re very different than Donald Trump and his behavior.”

That sounds a lot like “you are fine so long as you are not Trump.” Yet, that is not reassuring to businesses who want a legal system that is based on something other than selective and arbitrary enforcement.

And businesses are sitting up and taking notice:

Chuck Callesto @ChuckCallesto

BREAKING REPORT:

CEO of Cardone Capitol, Grant Cardone orders underwriters to " IMMEDIATELY DISCONTINUE ALL UNDERWRITING on New York City real estate following $355 MILLION Trump Judgement... 'The risk outweigh the opportunities at this time.' Cardone Capital's portfolio currently consists of 6,537 units with a total value of over $1.4 billion.

3:46 PM · Feb 20, 2024

Kevin O’Leary is talking about “loser states”, like NY and CA. Could this be bringing America closer to breaking up? How do you maintain a global empire when your home territory is verging on a breakup? The Neocons appear to have little understanding of America’s increasing instability in the heartland. We seem to be on a slippery slope. Can a handful of big money guys stop the accelerating downward careen? And do they understand how increasingly perilous the global situation is for the American Empire?