The Euro has been around for almost 20 years. The Russian transfer ruble survived 25 years. The two currencies have something in common: they were and are not a success story.

The introduction of the transfer ruble was intended to enable free trade between the countries of the Eastern bloc. The creation of the common clearing system led to the exchange rates for the East German mark, zloty, forint, lev, and even the Mongolian tugrik being arbitrarily fixed by the Soviet Union, regardless of the purchasing power of the national currencies. In the 1960s, the Bulgarian lev was 20% undervalued and the Polish zloty about 45% overvalued. Since the transfer ruble was not yet convertible into Western currencies, it remained an illusion and a means by which the Soviet Union could enrich itself and save its budget at the expense of its satellite states: the Russians bought raw materials, goods, food for convertible currencies in the West and sold them to their “socialist friends” for transfer rubels. The international bank for economic cooperation, which sat in Moscow and handled all transactions in the transfer ruble, swept the real trade surpluses and deficits under the carpet. With the political change the common settlement currency came to to an end, and it turned out that the Soviet Union owed huge sums to its “brothers”. Continue reading →

Why are many city parts so ugly? Why was the EU inspired by communists?

The history of European post-war urbanism with its fascination with Le Corbusier shows how often the designers of our living space were alienated. The same happened to the EU politicians: they adopted the ideas of the communists, literally and uncritically. Both – the architects and the designers of our European societies – wanted to a new brave beautiful world, but they destroyed the old beautiful world and they still do.

The father of prefabricated buildings and housing estates, the Swiss architect Le Corbusier, did not really mean it badly: his buildings should be square, practical and good. You don’t see this romanticism in today’s suburbs of Paris (the No-Go-Zones) or in most of the settlements of Central and Eastern European cities. The socialist urban planners were fascinated by Le Corbusier and designed entire cities according to his ideas. Around the beautiful old towns in Poland, the Czech Republic, Bulgaria and Romania, monotonous, ugly settlements for the working class emerged, focal points for social problems. The inhabitants of the Parisian and other suburbs of Western Europe, the prefabricated housing estates, which were originally also inhabited by workers, are slowly being displaced by migrants, the unemployed and the socially unfit. They feel good there: in such an architectural structure they can distinguish themselves from the rest of society in their ghetto. There they can pay homage to their lifestyle, which is of no value to society. Continue reading →

Leading European politicians and economists argue that the influx of immigrants is an economic necessity. Naturalization of foreigners implemented for the purpose of executing a re-population program (resembling the Sinicization of Tibet) has become a national policy in most European countries. Replacing the dying European population with workers from Africa and the Middle East is supposed not only to save national economies and support the pension systems but also to boost economic growth. Basic economic indicators, however, show that the opposite is true.

 

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Italy’s economic growth is decelerating, which is even more inevitable in view of the country’s population decline. It looks as if the Italian business cycle had reached its peak in 2017, with a meagre 1.5% growth rate, and is now receding. Within ten years, Italy will have business cycles with only negative highs and lows. Unemployment is at 10% and it cannot be tackled because Rome is prohibited by the European Union from following the Japanese monetary and fiscal policies to counter the financial fallout as a result of a declining population. Italian academia still believes that replacing the highly-efficient European workforce with Africans will stimulate future economic growth. Italy appears to have been deliberately flooded by Africans, while white workers from Italy are moving to Germany and the Netherlands.

 

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German Chancellor Merkel as many others received two prestigious prizes that are connected with Richard Coudenhove-Kalergi and his outright insane ideas that are full of racist views. No newspaper, news program or mainstream website bothers to explain the ideas of this “great” modern thinker. We want to fill the gap and provide our readers with information about Richard Coudenhove-Kalergi’s.

There are two prestigious prizes that have currency in the European Union: the Charlemagne Prize and the European Prize. The former is awarded annually by the German City of Aachen, whereas the latter every other year by the European Society Coudenhove-Kalergi (formerly known as the Coudenhove-Kalergi Foundation), established in 1978 “by the Pan-Europa Union – six years after the death of this great European thinker”. Continue reading →