The European financial establishment has just declared war on Italy

This week in a CNBC interview Jeroen Dijsselbloem, the former Dutch minister of finance who served as the President of the Eurogroup, declared war on the Italian government. The European financial establishment is prepared to destroy the banking system and cause the Italian economy to implode. Like a Mafia boss, Dijsselbloem warned that Italy could run into trouble if it does not comply with Brussels’ directives. Of course, his statement was cloaked in diplomatic language:

“If the Italian crisis becomes a major crisis, it will mainly implode into the Italian economy … as opposed to spreading around Europe,” he said. “Because of the way that the Italian economy and the Italian banks are financed, it’s going to be an implosion rather than an explosion.”

For a man of this format it is unusual to publicly expose Italy as a state in a weak negotiating position or try to act as a scaremonger. We have never seen anything remotely like that, so we think that the utterance could only serve the purpose of giving the green light to the financial markets to orchestrate an attack on Italian bonds so as to drive Italian yield up.

“And there is gonna be a role for the markets, I mean if you look at what Italy needs in funding next year alone – we are talking of over 250 billion euros – refinancing part of the stock of their debt and also, of course, these new spending plans. So markets will really have to look at that very critically.”

Italy’s situation is ‘pretty worrisome’: Dijsselbloem from CNBC.

He reminded the Italian government that Italian banks are a sitting target for the European financial authorities. In order to destabilize a country’s economy, one must break its backbone i.e. banks.

“There will also have to be a role for the banking authority, banking supervisor to look what this does to the Italian banks. We have already seen their stock valuation going down” Mr Dijsselbloem said with a smile. Continue reading →

Sweden: escalation of crime caused by the increase in the number of immigrants

Malmö, once a quiet industrial port. Yesterday’s serenity gave way to today’s widespread violence: shootouts, rapes, robberies, assaults and shoplifting are the order of the day. Swedes are leaving Malmö because the police are unable to enforce law and order. What is the reason behind it? A sharp increase in the number of immigrants. Other Swedish regions are afflicted as well: the authorities cannot cope with the escalation of crime: their incompetence came to the fore on one August evening when in several Swedish cities nearly 100 cars were set ablaze.

Demographic growth based on immigrants
The increase in crime is explained by the increase in the number of people.Our calculations show that within seventeen years (2000-2017), during which 1.76 million immigrants arrived, and the overall number of inhabitants rose by 12%, the sum of registered acts of serious lawbreaking was larger by 25%. Therefore, it cannot be denied that the intensity of lawlessness has a lot to do with the influx of foreigners. Continue reading →

Do Erdoğan and Merkel need Kurds?

There are 82 million people living in Turkey. Almost five million people of Turkish descent live in Europe (3 million in Germany, about 350 000 in Austria),including many Kurds who can play an important role in ethnic exchange in Europe. Many migrants from Syria, Iran and Iraq who come to Europe via Turkey are also Kurds. They are also important for the demographic developments in Turkey.

The lie that has been untiringly told by EU propaganda since the 1950s is that the European industrialised countries need fresh skilled workers and specialists from Algeria (in France) or Turkey (in Germany), for example, because of the constantly slowing population growth. Former German Chancellor Helmut Schmidt made a fitting statement on the emigration of workers at the time of the economic miracle: “Basically, he [the then Economics Minister Ludwig Erhard] wanted to keep wage levels low by recruiting foreign workers. Instead I would have preferred the German wages to have risen”So the aim was to maximize the profits of the companies at the expense of the German workers, which ultimately led to decades of deflation and stagnation of the economy. The rest is a fairy tale of propaganda. If you take a closer look at who has come to Europe through this insane policy, you will immediately see that they are predominantly unskilled people (mainly because of family reunification) who do not fill any gaps in the economy, but form social and political hotspots and are supposed to slowly but surely exchange the indigenous population of the old continent. If we take a closer look at Turkey, we notice that most migrants do not come from the developed regions of western Turkey, but from the poor and educationally disadvantaged areas in the south and east of the country; the illiteracy rate in Turkey is on average 20%, in Anatolia even 60%. So it is not all Turks who come to Europe as migrants from Turkey, but mostly Kurds.

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Does the United States strive for a new Cold War?

Donald Trump’s administration regularly increases military presence in Central Europe. The currently discussed idea is to create an American permanent military base in Poland, that is to say, a further shift of the US military presence towards the Russian border. The question arises whether, through the constant presence of the US Army in Poland, Donald Trump wants to improve the defense of the Old Continent or strives to play against each other the interests of individual members of the European Union. The weaker Europe is, the stronger is the United States.

Although the idea of American permanent military presence in Central Europe is not new, it gained much publicity after the September meeting at the White House between Polish President Andrzej Duda and Donald Trump. Warsaw suggested not only building a base but also a name for it: Fort Trump. After initial doubts, Washington, noting the benefits which it might derive, accepted this proposal.That’s why a few days later, Secretary of Defense Jim Mattis reported that certain areas are already being evaluated whether they are suitable for this purpose.Leaving aside the issue of allegedly improving the security of NATO’s eastern flank, there is more to see than meets the eye in the permanent presence of Americans in Poland. Warsaw perceives the United States as an ally in an ongoing dispute with the EU. Relations between Brussels and Washington have also deteriorated. Therefore, by relocating its troops to the east, the United States would be putting pressure on Germany to increase defense spending, import US LNG or veto Nord Stream II. Continue reading →

Déjà vu: the gas conflict around Cyprus is getting worse

In early October, the Cypriot government invited tenders for gas extraction in Block 7.Ankara believes that this step impairs the interests of both Turkey and the Turkish Cypriots and announced that remedial measures will be taken, which might entail an escalation of tensions in this region of the Mediterranean.

Turkey neither recognizes Cyprus’s maritime borders nor the agreements its exclusive economic zones. Nicosia manages the gas exploration in the waters it considers its own. This leads to a conflict about which the Gefira Team is reporting on a regular basis. In February we described the complex situation in connection with the gas blocks around Cyprus.Then the Turkish navy stopped the exploration ship of Italian Eni from entering Cyprus’ territorial waters by threatening to sink it.In response, Rome sent its own ships to the region. Continue reading →

Thou shalt not talk about the disappearance of the Dutch population

It is a sensitive subject to discuss the Dutch demographic reality. Since the early seventies, women have not given birth to a sufficient number of children to prevent the population from declining. According to our calculations, the native Dutch population has been decreasing for five years. Since by the end of this century the native population will have been 60% smaller while the overall number of inhabitants will have grown, it follows that the Netherlands will inevitably be transformed into a non-Western country. The Dutch establishment, like all Western ruling elites, wants people to embrace and celebrate these changes. Mathematical facts and the resultant negative consequences for the native population are framed as “populism”, “extremism” or “far right” and regarded as thought crime. Scientists who dissent, doubting whether the coming changes will be positive for the European nations, are ousted from academia.

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Oil at $100 a barrel is a necessity for US energy independence

The world is in a period of transition. The populations of East Asia and Europe have reached their numerical zenith, and from now on they will begin descending. With the fall of communism, China, Central Europe and Russia returned to their natural, historical positions on the world’s scene. Turkey’s ambition is to follow in the former Ottoman Empire’s footsteps: it intends to extend its influence in the Middle East, the Balkans and Africa. Europe and the US are in the process of disintegration of their respective populations.

The economic, social and political situation in Europe is tense, with people increasingly voting for anti-establishment parties. There is a deep divide among European leaders over the euro, the fiscal, monetary and immigration policy.

Gefira Financial Bullletin #26 is available now