The ’Americanized’ Europe is Crumbling towards Bankruptcy and Chaos

The ’Americanized’ Europe is Crumbling towards Bankruptcy and Chaos

By George Haddad

Sofia – Until World War II, old Colonialism has prevailed in the world [excluding the Soviet Union which was besieged and isolated]. Production [i.e. industry and industry-based agriculture] was the center of the colonial system. The metropolitans [European colonial countries] were the “factory of the world”. As for the colonies and semi-colonies that were once called the “Third World”, they were obliged by force to be:

  1. Sources of raw materials [crude and agricultural] to supply the metropolitan industry.
  2. Markets for metropolitan industrial and agricultural products.

The so-called “price-cutter” was being forcefully imposed on the peoples of the colonial and semi-colonial countries, that is, they were forced to buy the commodities of European countries at high prices [higher than their real value], and to sell their raw materials at low prices [lesser than their real value].

The ruling capitalist classes of the colonials sewed up most of these “surplus” profits resulting from the aforementioned “price cuts” [the price differences]. But it was “waiving” a portion of less or more of those “surplus profits” to increase the living standards of the popular masses in colonial Europe, to anaesthetize them and obtain their support for a colonial policy, and at least make them condone that policy.

The historical consequence of that colonial system was that progress and affluence in the colonial Europe countries happened on the expense of the colonial and semi-colonial peoples of the third world by slaughtering, subduing, humiliating, and starving them.

The Second World War marked a turning point in the previous world order; on the one hand, the former socialist camp emerged, and on the other hand, the old colonial system collapsed due to the revolutions in the colonies and semi-colonies. The former colonial metropolitan countries [which emerged from the war weak and semi-destroyed] could no longer forcefully impose their “production” on the third world. Socialist thought spread like wildfire through the “Third World”. A large group that antagonize communism, especially in its economic and social aspects, embraced many groups that were hostile to or disagree politically, religiously and ideologically with communism. Accordingly, a realistic possibility for the global capitalist system as a whole to collapse saw light. But the American geostrategic intervention, militarily, politically, and economically, had blocked this possibility.

Not only did the United States emerge from the war safe and sound having distanced itself from the battlefields, but rather, it emerged wealthier and literally became the “World Bank” for gold reserves and thousands of billions of capital fleeing its countries due to the wars, revolutions, and the collapse of the old colonial system. This accumulation of global capitals in the US led to the emergence of multinational companies and major global capitalist monopolies alongside their Jewish capital nuclei and the adoption of the dollar as the main international currency, as well as the emergence of the World Bank and the International Monetary Fund [IMF] to control the dollar process in the global economy as a whole. This led to a paradigm shift in the global capitalist system, which was to transfer the centre point of the global capitalist economy from “production” to “financing”, represented by loans, employment, and investments, which was the basis for the emergence of the new neoliberal system, American globalization, and the so-called “savage capitalism”. Due to these mechanisms, America worked and is still working to dominate the world.

This “paradigm shift” of the world capitalist-imperialist system resulted in the following:

  1. The insane increase of the financial sector’s share in the global economy from 5% in the aftermath of World War II to 50% today.
  2. Centralizing the global economy around the dollar, i.e. placing it under the mercy of the dollar-printing machine owned by the Jewish financial group that controls the American Central Bank’s “governor” called “Federal Reserve Bank”.
  3. Turning the US, almost completely, into a parasitic state. As American production now represents less than 18% of the American economy, which in turn represents less than 20% of the global economy; whereas – the US – consumes more than 40% of global production.
  4. Europe itself, with its rich history, has turned into a US-influence zone. Consequently, Europe became a producer and the US a consumer of its production [and others production] in exchange for a dollar currency, which is constantly losing its purchasing value. This means that Europe gradually lost all the extra wealth it had looted from colonial and semi-colonial peoples for hundreds of years, in just a few decades in favour of the US. And that is to say, Europe is living day to day on its production, which in turn gradually loses its marketing value due to the peg to the dollar that is gradually losing its purchasing value in favour of the American-Jewish monetary monopoly of the dollar.
  5. And by seeking to obtain profits in any way, the global American-Jewish monopolistic monetary bloc objectively encouraged industrialization and increased production in what was called the “Asian Tigers”: Japan, Korea, Taiwan, Malaysia, Indonesia, etc., as it “neglected” and also objectively encouraged the overwhelming industrial revival of China that is governed by the Communist Party, whose population is 50% more than the combined population of Europe and America. These countries produced in huge quantities industrial commodities [with international specifications] that are much cheaper than expensive European ones because their labour remuneration is much lower than the “pampered” labour remuneration in Europe. The production of ex-colonial countries made a fierce and deadly competition for European production, whose proportion has shrunk considerably in the world trade.

Finally, under the same general economic laws of capitalism, the inflated balloon of rentier financial capital [interest – speculative] exploded, and the financial-economic crisis in the US erupted spilling over to Europe in 2008. The main cause behind this continues crisis is the explosive collision between the infinite and senseless rise in profits resulting from the fiscal usurious-speculative policy and the limited purchasing power of consumers. The US has been able to partially and interim deal with the consequences of the crisis, thanks to its capacity to print more dollars, which the world has no choice but to “receive” gratefully [!]. As for Europe, it is impossible to do so. Therefore, its situation is worse than that of the US, and it “is solving” the problems resulting from the crisis by inflation, unemployment and lowering the living standard of the European masses.

Meanwhile, the Coronavirus pandemic hit. Whether this pandemic is a form of biological warfare [as US President Donald Trump suggests in his repeated accusations to China], or a “natural” phenomenon as a result of environmental pollution due to the brutality of the capitalist greed system dealing with nature, the economic crisis is quickly and severely making its way into Europe: production is shrinking at a very high level below zero, unemployment is exacerbating, social services are disastrously diminishing, the educational system is collapsing, and prices are skyrocketing.

And if the US presented the “Marshall Plan” to Europe after World War II, to dominate it, then the US today [which is today embroiled in crisis] cannot and does not want to help Europe; but rather it wants, if possible, to overcome its crisis at the expense of Europe.

China locked in hybrid war with US

Photo: AFP
China locked in hybrid war with US

Via The Saker

By Pepe Escobar – posted with permission

Fallout from Covid-19 outbreak puts Beijing and Washington on a collision course

Chinese President Xi Jinping has made his position clear. Photo: AFP

Among the myriad, earth-shattering geopolitical effects of coronavirus, one is already graphically evident. China has re-positioned itself. For the first time since the start of Deng Xiaoping’s reforms in 1978, Beijing openly regards the US as a threat, as stated a month ago by Foreign Minister Wang Yi at the Munich Security Conference during the peak of the fight against coronavirus.

Beijing is carefully, incrementally shaping the narrative that, from the beginning of the coronovirus attack, the leadership knew it was under a hybrid war attack. Xi’s terminology is a major clue. He said, on the record, that this was war. And, as a counter-attack, a “people’s war” had to be launched.

Moreover, he described the virus as a demon or devil. Xi is a Confucianist. Unlike some other ancient Chinese thinkers, Confucius was loath to discuss supernatural forces and judgment in the afterlife. However, in a Chinese cultural context, devil means “white devils” or “foreign devils”: guailo in Mandarin, gweilo in Cantonese. This was Xi delivering a powerful statement in code.

When Zhao Lijian, a spokesman for the Chinese Foreign Ministry, voiced in an incandescent tweet the possibility that “it might be US Army who brought the epidemic to Wuhan” – the first blast to this effect to come from a top official – Beijing was sending up a trial balloon signaliing that the gloves were finally off. Zhao Lijian made a direct connection with the Military Games in Wuhan in October 2019, which included a delegation of 300 US military.

He directly quoted US CDC director Robert Redfield who, when asked last week whether some deaths by coronavirus had been discovered posthumously in the US, replied that  “some cases have actually been diagnosed this way in the US today.”

Zhao’s explosive conclusion is that Covid-19 was already in effect in the US before being identified in Wuhan – due to the by now fully documented inability of US to test and verify differences compared with the flu.

Adding all that to the fact that coronavirus genome variations in Iran and Italy were sequenced and it was revealed they do not belong to the variety that infected Wuhan, Chinese media are now openly  asking questions and drawing a connection with the shutting down in August last year of the “unsafe” military bioweapon lab at Fort Detrick, the Military Games, and the Wuhan epidemic. Some of these questions had been asked – with no response – inside the US itself.

Extra questions linger about the opaque Event 201 in New York on October 18, 2019: a rehearsal for a worldwide pandemic caused by a deadly virus – which happened to be coronavirus. This magnificent coincidence happened one month before the outbreak in Wuhan.

Event 201 was sponsored by Bill & Melinda Gates Foundation, the World Economic Forum (WEF), the CIA, Bloomberg, John Hopkins Foundation and the UN.  The World Military Games opened in Wuhan on the exact same day.

Irrespective of its origin, which is still not conclusively established, as much as Trump tweets about the “Chinese virus,” Covid-19 already poses immensely serious questions about biopolitics (where’s Foucault when we need him?) and bio-terror.

The working hypothesis of coronavirus as a very powerful but not Armageddon-provoking bio-weapon unveils it as a perfect vehicle for widespread social control – on a global scale.

Cuba rises as a biotech power

Just as a fully masked Xi visiting the Wuhan frontline last week was a graphic demonstration to the whole planet that China, with immense sacrifice, is winning the “people‘s war” against Covid-19, Russia, in a Sun Tzu move on Riyadh whose end result was a much cheaper barrel of oil, helped for all practical purposes to kick-start the inevitable recovery of the Chinese economy. This is how a strategic partnership works.

The chessboard is changing at breakneck speed. Once Beijing identified coronavirus as a bio-weapon attack the “people’s war” was launched with the full force of the stateMethodically. On a “whatever it takes” basis. Now we are entering a new stage, which will be used by Beijing to substantially recalibrate the interaction with the West, and under very different frameworks when it comes to the US and the EU.

Soft power is paramount. Beijing sent an Air China flight to Italy carrying 2,300 big boxes full of masks bearing the script, “We are waves from the same sea, leaves from the same tree, flowers from the same garden.” China also sent a hefty humanitarian package to Iran, significantly aboard eight flights from Mahan Air – an airline under illegal, unilateral Trump administration sanctions.

Serbian President Aleksandar Vucic could not have been more explicit: “The only country that can help us is China. By now, you all understood that European solidarity does not exist. That was a fairy tale on paper.”

Under harsh sanctions and demonized since forever, Cuba is still able to perform breakthroughs – even on biotechnology. The anti-viral Heberon – or Interferon Alpha 2b – a therapeutic, not a vaccine, has been used with great success in the treatment of coronavirus. A joint venture in China is producing an inhalable version, and at least 15 nations are already interested in importing the therapeutic.

Now compare all of the above with the Trump administration offering $1 billion to poach German scientists working at biotech firm Curevac, based in Thuringia, on an experimental vaccine against Covid-19, to have it as a vaccine “only for the United States.”

Social engineering psy-op?

Sandro Mezzadra, co-author with Brett Neilson of the seminal The Politics of Operations: Excavating Contemporary Capitalism, is already trying to conceptualize where we stand now in terms of fighting Covid-19.

We are facing a choice between a Malthusian strand – inspired by social Darwinism – “led by the Johnson-Trump-Bolsonaro axis” and, on the other side, a strand pointing to the “requalification of public health as a fundamental tool,” exemplified by China, South Korea and Italy. There are key lessons to be learned from South Korea, Taiwan and Singapore.

The stark option, Mezzadra notes, is between a “natural population selection,” with thousands of dead, and “defending society” by employing “variable degrees of authoritarianism and social control.” It’s easy to imagine who stands to benefit from this social re-engineering, a 21st century remix of Poe’s The Masque of the Red Death.

Amid so much doom and gloom, count on Italy to offer us Tiepolo-style shades of light. Italy chose the Wuhan option, with immensely serious consequences for its already fragile economy. Quarantined Italians remarkably reacted by singing on their balconies: a true act of metaphysical revolt.

Not to mention the poetic justice of the actual St. Corona (“crown” in Latin) being buried in the city of Anzu since the 9th century. St. Corona was a Christian killed under Marcus Aurelius in 165 AD, and has been for centuries one of the patron saints of pandemics.

Not even trillions of dollars raining from the sky by an act of divine Fed mercy were able to cure Covid-19. G-7 “leaders” had to resort to a videoconference to realize how clueless they are – even as China’s fight against coronavirus gave the West a head start of several weeks.

Shanghai-based Dr. Zhang Wenhongone of China’s top infectious disease experts, whose analyses have been spot on so far, now says China has emerged from the darkest days in the “people’s war” against Covid-19. But he does not think this will be over by summer. Now extrapolate what he’s saying to the Western world.

It’s not even spring yet, and we already know it takes a virus to mercilessly shatter the Goddess of the Market. Last Friday, Goldman Sachs told no fewer than 1,500 corporations that there was no systemic risk. That was false.

New York banking sources told me the truth: systemic risk became way more severe in 2020 than in 1979, 1987 or 2008 because of the hugely heightened danger that the $1.5 quadrillion derivative market would collapse.

As the sources put it, history had never before seen anything like the Fed’s intervention via its little understood elimination of commercial bank reserve requirements, unleashing a potential unlimited expansion of credit to prevent a derivative implosion stemming from a total commodity and stock market collapse of all stocks around the world.

Those bankers thought it would work, but as we know by now all the sound and fury signified nothing. The ghost of a derivative implosion – in this case not caused by the previous possibility, the shutting down of the Strait of Hormuz – remains.

We are still barely starting to understand the consequences of Covid-19 for the future of neoliberal turbo-capitalism. What’s certain is that the whole global economy has been hit by an insidious, literally invisible circuit breaker. This may be just a “coincidence.” Or this may be, as some are boldly arguing, part of a possible, massive psy-op creating the perfect geopolitlcal and social engineering environment for full-spectrum dominance.

Additionally, along the hard slog down the road, with immense, inbuilt human and economic sacrifice, with or without a reboot of the world-system, a more pressing question remains: will imperial elites still choose to keep waging full-spectrum-dominance hybrid war against China?

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