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Geopolitics trumps everything! No way will NATO and EU let Greece leave Europe to find prosperity in Russia and China’s arms

Neither NATO nor the EU can afford the political cost of a Greek exit from the EU. The simple fact that Greece will align with China and Russia is reason enough for Merkel and Co to give in to any demands Greece may have.

Alex Christoforou

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Post originally appeared on Euro Pacific Capital.

Based on the continued failure of the negotiating parties to make any substantive progress in the talks over Greek debt payments, the financial world is tied up in knots over a possible Greek exit from the European Union. The uncertainty has manifested in both high and low finance, with a sharp sell-off in bonds, particularly EU and Greek government debt, and heightened retail withdrawals from Greek banks as depositors become wary of capital controls that would be imposed in the case of an exit. All concerned parties should likely breathe easier. Despite Greece’s almost complete lack of financial integrity, neither NATO nor the EU can afford the political cost of a Greek exit from the EU.

The unacceptable specter lurking behind the EU negotiators is that, if Greece is shown the door by the EU, Russia or even China might step in to provide financing to Greece in return for a strategic foothold in Western Europe and gateway to the Eastern Mediterranean. This is a possibility that Europe cannot abide. In short, international political ramifications will trump any economic or financial issues.

As reported several months ago in this column, modern Greece has been used continuously by Europe as a bulwark against unwanted incursions. In the 1820s, Greek independence from Ottoman Turkey was financed and supported by Western powers as a way to contain and rollback Turkish influence in the Mediterranean. In the 20th Century, Greece became a key battleground of the Cold War, with the West expending considerable blood and treasure to ultimately keep socialist Greece from falling into the Soviet orbit.

Although the Greeks received countless sums from abroad, Greek governments have been notoriously feckless, and have been instrumental in ensuring their nation’s economic demise. By opting for generous socialist entitlements and blatantly anti-capitalist regulations, Greek governments decided to borrow irresponsibly to meet its obligations.

With the formation of the European Union (EU), strenuous efforts were made to include Greece to prevent the rise of Communism. This encouraged the surreptitious acceptance of untruthful economic statistics to facilitate Greek membership, both of the EU and the Eurozone.

Eurozone membership gave Greece access to vast amounts of cheap debt, offered largely under the false assumption that an early conclusion of a single political union would offer an implied EU guarantee for Greek debt. It was similar to investors assuming, erroneously, that the debt of Freddy Mac and Fannie Mae carried the ‘implied’ guarantee of the U.S. Government.

But, as was the case with Fannie and Freddy (whose collapse many believed would have plunged the U.S. into deep Depression), the political cost of failure was too great to accept. Therefore, the financial costs of technical failure had to be borne by citizens. In addition, over the past few years, much of the Greek debt has been transferred from EU banks to EU governments that have the much abused ability to pass the bad debt onto future generations of their citizens.

Likely aware of this, the Greek government has faced off repeatedly against some of the world’s most powerful politicians and central bankers, winning time and yielding little.

Even more importantly, when Greece’s socialist Prime Minister Alexis Tsipras faces Germany’s Chancellor Angela Merkel, he knows that she is acutely aware that any soft deals offered to Greece may be seen as a precedent encouraging Portugal, Ireland, Italy and Spain to push (even acting as a united block) for similarly favored treatment. Furthermore, any perceived increase in the prospect of a potential break-up of the EU might encourage voters in Great Britain, in the 2017 referendum, to vote to leave a sinking ship. A British exit could put an end to the European dream and place at risk trillions of dollars’ worth of European debt and even the Euro-currency itself.

In addition to these serious concerns, Merkel has one overriding fear. Should talks break down, Greece will likely go searching for other sources of funding. It may find many willing givers, all with strings attached. Russia may offer funding to Greece in return for a naval base. If not Russia, even China might attempt to offer a vast, soft funding rescue package in order to buy entry to the European and NATO landmass. It is no secret that China has a strong interest in taking over operations of the Port of Piraeus, one of the largest ports in the Mediterranean.

While Merkel and her supporting fellow EU leaders may talk tough to Greece’s leaders, they know it is politically unacceptable to allow a financial default to open the way to EU dissolution or the slightest possibility of a Russian or Chinese strategic incursion.

As a result, whatever the eventual financial costs to EU taxpayers of a Greek default, the political costs of a Greek exit are likely to be seen as unacceptable. Therefore, after much posturing, delays and threats, I believe that the chances of an actual Greek exit are far lower than are commonly believed. Most likely the EU will allow a covert Greek default, disguised for the time being by extended repayment schedules, bogus refinancing formulae and possible delayed haircuts as bonds mature. They may insist that such moves are not a technical default. Despite that absurdity, our obedient press corps may even concur with such a characterization, and investors may be so thrilled that a relief rally occurs in stocks and bonds. Extend and pretend will once again be the only acceptable manner to confront our intractable problems.

References:

http://www.europac.com/commentaries/geopolitics_will_trump_economics_greece

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Every dirty Democrat trick shows in bid to oust Kavanaugh

American democracy truly is mob rule now, and the mob is stupid, with no one taking a moment to truly consider the situation.

Seraphim Hanisch

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The most amazing thing about what is ostensibly the last minute “Hail Mary” smear campaign by the left against Judge Brett Kavanaugh is how utterly transparently partisan it is. Let’s look at the list of tactics used thus far in this very dirty escapade:

  • Democrat Senator Diane Feinstein sat on this allegation for three months, until after the confirmation hearings were over (and after no other barnstorming tactic during the confirmation hearings worked against the nominee).
  • The accuser, Christine Blasey Ford, is a registered Democrat, and a feminist. RT notes that she appears to have a strong interest in politics.
  • Reports of “death threats” against Dr. Ford have been reported. This is a common feature of any anti-Trump attack, to relate him to some sort of “right-wing” radicalism. This radicalism does not exist among conservatives, but the media is determined to say otherwise.
  • Democrat Senate Minority Leader Chuck Schumer, naturally, believes Ford’s story.
  • Every Democrat senator is in agreement that this matter should table the confirmation vote. Some Republicans were at first but appear to be backing away.
  • A woman Democrat senator,  Mazie Hirono, went on record telling men to “shut up and step up.” It seems abundantly clear that this assumes that there can only be one “step” that the men are expected to do. A second lady senator , Patty Murray of Washington, gave all men a warning against stepping off the plantation by saying “Women are watching.”
  • The Senate Republicans offered a chance for Dr Ford to testify on Monday. She refused, but now she is offering to come “next Thursday” – this is ten days later, past the October 1 start date of the US Supreme Court, and closer to the November Midterm elections.

We interrupt this list to make this point. The issues at hand are threefold.

First, the Democrats and other left-wing activists are terrified that they will lose the “Warren Court”, which is the name of the Supreme Court Justice who was a major left-wing judicial activist that enabled the Court to “legislate from the bench” along liberal policy lines since 1969. If Kavanaugh comes in, even if President Trump is somehow magically removed from office, his mark will remain on the Court for at least a generation. Of course, the removal of President Trump is predicated on the Democrats regaining control of the House, which actually looks somewhat likely if polling data is to be believed, and of course a Democrat Senate. (The actual tiny caveat that the President has done absolutely nothing which warrants impeachment will not be taken into consideration. He is to be eliminated. That is Democrat point number one, and make no mistake.)

Second, if the Judge is confirmed, it will look great on the President’s achievement list and energize his voter base even more than it already is. The result could be that the Senate expands its Republican majority, and gains Trumpian conservatives in its ranks, which would likely help the President continue his really great agenda. A defeat in the House that holds or expands GOP, again with Trumpian conservatives, would solidify this, and make it more difficult to stop Trump’s re-election and further solidification of reforms in 2020.

Third, and probably even more important, is that the possibility of a third seat getting vacated on the Court in the time period between now and 2024 is relatively high. Ruth Bader Ginsburg is the oldest Justice on the Court, and she is a raving liberal. If she retires (which she promises not to do), or if she is retired by the processes of old age, Trump can score a three-peat and get a third constitutionalist justice into the Court and that will signal the closure of one of the biggest avenues of liberal activism.

To return to the list, some of the further characteristics that make this situation patently obvious are these:

  • As reported in The Duran, the smear job is looking a bit ragged around the edges as time goes by. President Trump called Dr Ford’s bluff by saying he is interested in having her come to testify and that it would be “unfortunate” if she didn’t do so. Ford’s response was as shown above, to try and delay this testimony.
  • The Hollywood “sisterhood” is on record defending Dr Ford. For them, she’s right. She said Kavanaugh did this, so she is right. And why? Because she is a woman, a feminist and a Democrat. She is one of them. It would very interesting to know if the sisterhood would stand behind a conservative woman raising such a concern against a Democrat, but we have President Clinton to show how well that all went.

This by no means concludes the list of characteristics, but as noted earlier here, anyone that does even just a little critical thinking about this can see that this issue is no moral outrage, it is strictly partisan hackery, making use of the greatest weapon against conservative men put in use over the last fifty years – the sexual allegation from a woman, who must always be believed, because the woman is always right. 

The unfortunate truth is that this tactic works. It works because most men are actually gentlemen. We honor women, and we are taught to defer to them in America, because that is what a gentleman does. Feminism takes this characteristic of men, especially in modern times who really want to make sure they treat the ladies right, and it throws it back in their face in contempt. It is so bad it even has a physiological effect on men, who are now marrying less, and having fewer kids. There are even physiological changes that result from this abuse.

Further, there is an appalling lack of critical thinking in our society. The British news site, The Independent offers a poll with questions about the Kavanaugh case. The astonishing lack of critical thinking is clearly evident as the reader votes his or her thought and then sees the results for that question. Going through the questions and observing their responses can be very illuminating.

Dr Ford is demanding an FBI investigation, but she has no date, time or location attached to the incident she accuses now-Judge Kavanaugh of perpetrating. Rush Limbaugh did a great job at showing just how absurd this demand actually is, given these glaring areas of non-knowledge and we include some of that transcript below:

What would happen, let’s say — I don’t know — in the last 10 years up to last week if any woman had walked into any FBI office in the country and said the following: “Hi. I’m here to report that I was abused 35 years ago. I was — I was — I was at a party. Uh, I was 15, a little bit to drink, and a 17-year-old guy pushed me down on top of a table and laid on top of me. And then — and then and then I think — I think — a friend came in and did something and anyway they left and I was left locked in the room. And I want to you to investigate.”

Do you think if somebody shows up at an FBI office with that story, if they show up in person with that story, that the FBI is gonna give it any time whatsoever? The agents are gonna look at each other with kind of wary eyes and they’re gonna crack silent jokes to one another. I’m not kidding. You take this out of the realm of a letter to a crazed, partisan United States senator, Dianne Feinstein, and just move this into the victim walking into an FBI office, “It was 35 years, 34 years. I’m not sure where. But I know that when I was 15, I was at a party, and some guy jumped on top of me.”

So let’s say the FBI agent decides to actually take this further and in a very respectful way says, “Well, Miss, were you raped or injured?”

“Uh, no, not really.”

“Did you report this or tell anyone at the time, 36, 35 years ago?”

“Uh, no.”

“What year was this, again, that this happened?”

“Uhhh, I’m not — I’m not sure. I think it was 1982.”

“Where did this happen?”

“I don’t know! I don’t know. I was so traumatized; I don’t remember any of it. I just remember some guy jumping on me and I was drunk and — and I don’t know. But I want you to investigate it.”

“Okay. Ma’am, were there any witnesses?”

“Just the one friend of his that pushed him off, and then they left before he could do anything.”

What would the FBI do with this, if that scenario happened in one of their field offices? I will tell you what they would do: Zip, zero, nada. And the reason for bringing it up this way is to try to shine some kind of a different light on this and try to put this kind of allegation in some kind of context. The president is handling this in a quite fascinating way. He’s saying, “I hope she shows up. I want to hear what she has to say. I really hope she shows up. I’m very interested in what she has to say. We all are. And if she shows up and if she’s credible, why, then we’re gonna have to do something about that.”

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Russian Hierarch explains Ukrainian issue in detail (VIDEO)

A Russian Orthodox Hierarch explores the incursion of earthly politics into the life, pastoral activity and needs of the Orthodox Church.

Seraphim Hanisch

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RT’s “Worlds Apart” interview program recently interviewed Metropolitan Hilarion (Alfeyev), a hierarch who heads the Department of External Church Relations for the Moscow Patriarchate of the Orthodox Church. The Duran has covered the crisis in Ukraine surrounding the activity of the Ecumenical Patriarch, Bartholomew I, of Constantinople, intended to create a fully independent Ukrainian Orthodox Church. This effort falls completely outside the normal and authorized operating procedures of the Orthodox Church, but to the lay listener it is difficult to understand what the fuss really is all about.

Metropolitan Hilarion and Oksana Boyko do an excellent job with both the answers, but more importantly, the questions, since Ms. Boyko asks the questions that someone who knows nothing about the Church might ask. This situation is completely about politics and not about the true work of the Church, and Met. Hilarion answers these questions very completely and thoroughly.

One of the really interesting points that Met. Hilarion makes is the idea that the Ecumenical Patriarch seeks to bring about the creation of a fully independent Ukrainian Orthodox Church from these four groups:

  • The Ukrainian Orthodox Church of the Moscow Patriarchate (which is canonical and which has not requested self-rule, called autocephaly
  • The Ukrainian Orthodox Church “Kyiv Patriarchate”, led by Filaret Denisenko, which is a completely schismatic group. This group, and Filaret, are leading the charge.
  • The Ukrainian Orthodox Autocephalous Church – another schismatic group that is not in communion with Filaret’s church
  • The Greek Catholic Church of Ukraine – and this is truly interesting, because this group is not even Orthodox, but is an Eastern Rite group under the Pope of Rome, and is in fact Roman Catholic.

The notion of bringing together such a disparity of groups is stunning to the Metropolitan, and yet he understands the motives of the men driving this idea, President Petro Poroshenko of Ukraine, Patriarch Bartholomew, and Filaret Denisenko.

While the United States is not mentioned in this interview in any prominent sense, it should be noted that this move also does have strong US support as the American political leadership has been advocating for the Poroshenko government in an effort to continue to surround and isolate Russia. As we have noted elsewhere, this series of moves may well create more problems for Russia, by design.

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James Woods Suspended From Twitter Over Satirical Meme That Could “Impact An Election”

James Woods crushes Jack Dorsey: “You are a coward, @Jack.”

Alex Christoforou

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Via Zerohedge


Outspoken conservative actor James Woods was suspended from posting to Twitter over a two-month-old satirical meme which very clearly parodies a Democratic advertisement campaign. While the actor’s tweets are still visible, he is unable to post new content.

The offending tweet from July 20, features three millennial-aged men with “nu-male smiles” and text that reads “We’re making a Woman’s Vote Worth more by staying home.” Above it, Woods writes “Pretty scary that there is a distinct possibility this could be real. Not likely, but in this day and age of absolute liberal insanity, it is at least possible.”

According to screenshots provided by an associate of Woods’, Twitter directed the actor to delete the post on the grounds that it contained “text and imagery that has the potential to be misleading in a way that could impact an election.

In other words, James Woods, who has approximately 1.72 million followers, was suspended because liberals who don’t identify as women might actually take the meme seriously and not vote. 

In a statement released through associate Sara Miller, Woods said “You are a coward, @Jack,” referring to Twitter CEO Jack Dorsey. “There is no free speech for Conservatives on @Twitter.

Earlier this month, Woods opined on the mass-platform ban of Alex Jones, tweeting: ““I’ve never read Alex Jones nor watched any of his video presence on the internet. A friend told me he was an extremist. Believe me that I know nothing about him. That said, I think banning him from the internet is a slippery slope. This is the beginning of real fascism. Trust me.”

Nu-males everywhere non-threateningly smirk at Woods’ bad fortune…

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