Majorityrights News > Category: Economics & Finance

Express, “The Euro is FINISHED’ Currency’s creator says it will soon COLLAPSE and destroy the EU”, 17 Oct 2016:

THE Euro is a ticking time bomb which will soon blow up and wipe out the whole EU project in its wake, the currency’s creator has said in an extraordinary warning today.

“Euro founder Otmar Issing has predicted that the currency will collapse.”

In an explosive intervention professor Otmar Issing predicted that Brussels’ dream of a European superstate will finally be buried amongst the rubble of the crumbling single currency he designed.

The respected economist launched a withering attack on eurocrats and German leader Angela Merkel, accusing them of betraying the principles of the euro and demonstrating scandalous incompetence over its management.

And he savaged the whole idea of a United States of Europe, saying the attempt to push through federalisation by the back door had churned the ground the currency was built on into a quagmire of patchwork legislation, into which it is fast sinking.

I was discussing this article with Kumiko. We came to the conclusion that the most charitable explanation for its penultimate confusion - exactly who, really, is to be persuaded and of what? has to do with perhaps a shyness in having to talk in a situation controlled by right wing interests: Euractiv, The EU, corporate industries invested in Asia, and German corporate interests - rather, the difficulty in getting them to see their interests aright.

Seeing the article’s argument more clearly, German, Dutch and other European workers and Asian workers should have higher salaries. That would allow Germans in particular to buy more of their own product and export less and allow Asian economies to buy more European exports in addition to their own domestic product.

The key is to dissuade corporate feudalism - the idea that low wages are a corollary to profitable business. The article argues in effect that low wages are only a corollary to enormous profit for a narrow group of elites, poorer workers and not to successful industry and healthy economic balance.

Where Germany, for example, does not let some of its industry go abroad, it should be incorporating more robotics to increase the better output as they might provide and “make-work” if necessary, with better paid “workers”, with more capacity to buy more of their own domestic product.

Euractiv, “Who fears the wolf of globalisation?”, 14 Oct 2016:

Trade unions and companies are more closely aligned against the harmful competition stemming from emerging economies’ low salaries and working conditions than ever before. The EU’s export of jobs is harming itself and the global economy, write Ernest Maragall and Jordi Angusto.

Ernest Maragall is an MEP with the Green/EFA group and Jordi Angusto is an economist.

They are accused of taking our jobs as a result of the low-cost products we buy from them. But the fact is that the EU’s external surplus has now reached an astonishing amount, close to half a trillion euros. This is 20% bigger than the Chinese surplus and both together pose a serious threat to the world economy.

In other words, by restricting our domestic demand through austerity we’re harming both ourselves and our major trading partners.

There is no ‘foreign enemy’ taking our jobs, rather the EU is taking jobs to the rest of the world. Prime examples are countries such as Germany and the Netherlands which are the main contributors to the EU surplus and which today have historically high employment thanks to third country demand, mostly from the US, UK, Canada, Brazil and Australia. And this is most definitely not because Germany and the Netherlands have low salaries.

In fact, companies tend not to invest where salaries are lower but where the difference between product per worker and salary is greater; i.e. where profitability can be greatest. In the case of Germany, the reunification process and the Schröder 2010 plan led to a huge contraction in wages and a notable increase in the product to salary difference.

Some might say they gained in terms of competitiveness, increasing economic activity, jobs and exports. Others, however, would see this not only as ‘beggar-thy-neighbour’, but their own people too, becoming unable to absorb increased production and depending on exports.

Whilst productivity gains can allow profits and wages to increase and support growth; competitiveness gained through wage dumping leads to a substitution effect, with jobs and profits gained here at the expense of jobs and profits lost elsewhere. This, in turn, leads to contraction because of a fall in demand.

That’s why institutions which could never be accused of being leftwing such as the IMF, the G20 and the OECD, have called upon Germany to increase domestic demand through public investment and salary increases, in order to help boost global growth whilst also contributing towards an improvement in labour conditions in emergent-economies.

Or do we think we’ll help them by competing to see who has the lowest salaries?

Globalisation brings many problems and with it comes the need for political action at a global level to heal our planet, eradicate tax havens and avoid the consolidation of a new corporate feudalism; but the fact that millions of people are emerging from poverty in Asia and Africa is not a problem. The critical problem today is much more how to convince those countries in surplus to increase their domestic demand.

Trump’s “anti-global elite speech”

He sandwiches a claim to be challenging the corrupt global elite on behalf of the (propositional) American people around a belabored defense against charges of sexual impropriety.

Besides going on a bit too long in defense against those claims, it is a skillful speech. He does much better than in the first two debates.

Of course he also skillfully bypasses the fact that he is in bed with the YKW and their global plans. While not necessarily a plant, Trump was obviously offered a chance at the presidency if he would take on the Iran deal. Upon his acceptance of that task, they opportunistically put him in front of trends that they can play to their advantage - not dog whistles, but biscuits and bones with even a bit of meat to throw at America’s proposition nation: “anti-globalism and internationalism”.. “the alternative right”..and “exposure of corrupt government” .. now that the Internet has made hiding these issues less possible… with panmixia already well under way anyway, suddenly WN are no longer encouraged to abide their long standing perspective of wryly looking upon the Republicans/Democrats as two sides of the same coin….The YKW have done well to corral WN into a voting block pro-American, anti PC with the “counter” of being anti-discriminatory ..to co-opt White nationalism and defuse it into propositionalism. Some Whites will continue to get richer there - the kind who do not care very much about race and the deteriorating prospects for ethnonationalism - prospects which will deteriorate further with a Trump presidency (no endorsement of Hillary implied).

GoldenDawn, “N. G. Michaloliakos at RAI 1: Golden Dawn will fight sturdily against those who aspire to sell off our Homeland! VIDEO”, 11 Oct 2016:

     

At the beginning of August, the Italian journalist Franco di Mare made an all-inclusive interview with the Secretary General of People’s Association-Golden Dawn, N. G. Michaloliakos.

The interview was filmed in the headquarters at Mesogeion avenue and was broadcasted as a part of the television program “Frontiere”, on the 27th of August.

The Leader of Golden Dawn answered questions about the identity of the Popular Nationalistic Movement, clarifying that Golden Dawn fights against all those who aspire to sell off the Homelands.

At the same time, he responded in regard to reports on his political part, the symbols that are used by Golden Dawn along with the other nationalistic movements in Europe;.

He specified that Golden Dawn constitutes in fact the opposition in Greece, since SYRIZA and New Democracy vote in common line with all the EU memoranda legislation. The most crucial problem for Europe and for Greece is demographic crisis, as the massive illegal immigration threatens the permanent radical alteration of the country’s population

Finally, he made it clear that Golden Dawn strongly resists against the international loan sharks and the attempted islamization of our Homeland.

Haaretz, “China Reportedly Cracks Down on Ancient Jewish Community of Kaifeng”, 26 Sept 2016:

A SMALL GROUP of Jews in Kaifeng, the ancient Chinese imperial city on the Yellow River, are the latest target of a government crackdown on unapproved religions and foreign influence, the New York Times reported.

       
        (ILLUSTRATION: The painting “Kaifeng Jews,” by Yin Xin)

Established over 1,000 years ago, the Kaifeng Jewish community has undergone a rebirth in recent decades, with activists holding religious services, classes on Judaism and proposing to rebuild the community’s ancient synagogue. Some have even immigrated to Israel.

The municipality tolerated their activities for years, seeing the Jewish link as a magnet for tourism and investment, but that ended last year, when the crack-down began. Organizations that helped foster Jewish rediscovery have been shut down, Jewish residents were prohibited from gathering to worship Pesach and other holidays and relics of the city’s Jewish past have been removed from public places.

“The whole policy is very tight now,” said Guo Yan, 35, a tour guide who runs a small museum about Kaifeng’s Jewish past. “China is sensitive about foreign activities and interference.”

The number of active Jews in Kaifeng is minute — some 100 to 200 people, out of a Jewish community of about 1,000 in a city of 4.5 million people.

Quite why they are regarded as a threat is unclear, but since last year they have become subject to tight religious control by the government of President Xi Jinping. “They don’t understand us, and worry that we’re being used,” said a local businessman who supported the religious awakening.

Local Jews do not attribute the crack-down to anti-Semitism, which is relatively rare in China. “It is fear about religion, not just us Jews,” the businessman said.

But the current clampdown has gone much further than previous ones, residents said. Some blamed a report in the New York Times last year in which a city official attending a Pesach banquet spoke sympathetically about the revival, apparently violating government guidelines.

There were also rumors that a Jewish woman from Kaifeng had won asylum in the United States after claiming religious persecution.

Two Western organizations which had set up offices in the city and were offering classes in Hebrew, Judaism and Jewish history closed down after their local employees came under police scrutiny.

Even signs of the historical Jewish presence in the city have been erased. An inscribed stone marking the site of the old synagogue was removed from the front of the hospital that occupies the grounds an ancient well, said to be the last visible remnant of the synagogue, has been buried under concrete and earth.

Jews can still gather in small groups in their homes to pray, and there have been no arrests, the local Jews said. But they are being closely monitored by police and state security officers.

* * *

Source: Haaretz

NYTimes, “Chinese Jews of Ancient Lineage Huddle Under Pressure,” 24 Sept 2016:

KAIFENG, China — The rooms where ruddy-faced Chinese men and women once assembled to pray in Hebrew and Mandarin are silent. Signs and exhibits that celebrated centuries of Jewish life have disappeared. An ancient well, believed to be the last visible remnant of a long-demolished synagogue, was recently buried under concrete and a pile of earth.

After locking down Buddhist monasteries in Tibet and tearing down church crosses in eastern China, President Xi Jinping’s campaign against unapproved religion and foreign influence has turned to an unlikely adversary: a small group of Jews whose ancestors settled in this now faded imperial city near the banks of the Yellow River more than 1,000 years ago.

A few hundred residents had staged a lively, sometimes contentious rebirth of Kaifeng’s Jewish heritage in recent decades, with classes, services and proposals to rebuild the lost synagogue as a museum. Some residents even migrated to Israel. For years, the city government tolerated their activities, seeing the Jewish link as a magnet for tourism and investment.

But since last year, the authorities have come down hard on the revival, in an example of how even the smallest spiritual groups can fall under the pall of the Communist Party’s suspicion. The government has shut down organizations that helped foster Jewish rediscovery, prohibited residents from gathering to worship for Passover and other holidays, and removed signs and relics of the city’s Jewish past from public places.

“The whole policy is very tight now,” said Guo Yan, 35, a tour guide who advocates a distinctively Chinese strain of Judaism and runs a small museum in an apartment filled with pictures of Kaifeng’s Jewish past. “China is sensitive about foreign activities and interference.”

Along with a terrific propensity for smashing Islam, China shows promise in dealing with Jews as well.

Council of European Canadians, “Deadliest Birthrates Affecting All of Humanity, Part IV. Recipient of Third World Population Overload: Western Civilization”, 9 Oct 3016:

The driving force behind mass immigration into Western countries is the bloating populations of the Third World seeking fresh lands to inhabit.

by Frosty Wooldridge, frostywooldridge.com

Part I | Part II | Part III | Part IV

       

No one escapes this human juggernaut. Those added 3 billion people onto this planet within the next 34 years will invade first world countries. Let’s take a look at what that means for the West.

How did the first three parts of this series affect you? Did you understand the enormity of what humanity faces in the next 30 years? How about the rest of the plant and animal life on this planet? What about your children? What about the oceans? What about quality of life?

Are you astounded that the mainstream media suppresses this demographic issue at all costs? Why? Answer: they lack intellectual comprehension that they will not escape its grip on them or their children. Catholics via the Pope, Islam, Hindus, Christians and virtually all religions stand in denial of this demographic juggernaut bearing down on humanity.

Yes, the media reports every consequence of overpopulation as to worldwide hunger, water shortages, species extinctions, wars for resources and catastrophic climate destabilization. But no one, not one world leader addresses or attempts to speak up on what we face.

If I could fulfill my own quest, I would see to it that every human being watch this short video by my friend Roy Beck. In a five minute astoundingly simple yet brilliant video, Immigration, Poverty, and Gum Balls, Roy Beck, director of Numbers USA, graphically illustrates the impact of overpopulation. Take five minutes to see for yourself.

As you can see, no one will escape the ramifications of the next added 3,000,000,000 (billion) people to this globe. No one will escape the implications of adding 138,000,000 (million) more people to America within 34 years. You may expect those consequences to invade your state, your community and your family.

Remember this: third world citizens will not stop their birth rates significantly enough to stop overloading their countries. Therefore, they will contribute to the 3.0 billion added, hungry and desperate refugees looking for a country to land.

In 2016, the United Nations estimates that 60,000,000 (million) refugees lack water, food, energy and homes, and look toward first world countries to immigrate. Their numbers will grow to 150,000,000 to as high as 200,000,000 (million) refugees by 2050 — a scant 34 years from now.

What Western Countries Face with the Refugee Armada

Canada houses 36,000,000 (million) people in 2016. Because of mass immigration, they expect 41.1 million by 2050. To give you an idea of Canada’s dilemma, let’s look at the numbers. We know Canada as a “big” little country. That means it’s “big” but lacks ample arable land to grow crops. While its citizens chose 2.0 birth rates since 1970, its leaders forced massive immigration onto Canada. It faces food shortages, environmental breakdown, accelerating carbon footprint damage, species extinctions and lowered quality of life.

Europe houses 742.5 million people in 2016. It encompasses 3.9 million square miles. Not much bigger than the United States at 3.1 million square miles. The United Kingdom houses 62 million people in a landmass less than the size of Oregon. Oregon features 4.0 million people. Germany at 82 million holds less land than the state of New Mexico. That state holds 1.8 million. The tiny country of France holds 66 million. While Europe faces tremendous overcrowding today, it faces mass immigration overrunning every border of all of its countries from Middle Eastern and African population overload.

Australia holds 24 million in 2016, but expects to reach 38 to 48 million by mid century via mass immigration. It lacks water and arable land, but powerful developer interests force immigration onto that desert continent as if tomorrow never arrives.

In contrast, the USA holds 325 million in a landmass at 3.1 million square miles, but as you saw from the immigration invasion, America expects 438 million by 2050 and 625 million at the end of this century.

This 10 minute demonstration shows Americans the results of unending mass immigration on the quality of life and sustainability for future generations: in a few words, “Mind boggling!”

As you can imagine, immigration solves nothing. It stalls the inevitable for every Western country: ultimate collapse from overloading carrying capacity of every receiving country.

Can enough activists be created out of a series like this to create a movement to stop mass immigration into Western countries? Goal: we need a national discussion-debate on the future of our civilization. It’s not going to happen by itself. That discussion-debate begins with you.

I work with top names in this arena who bring even greater knowledge and science:

Dr. Jack Alpert at skil.org
Bill Ryerson at populationmedia.org
David Paxson at worldpopulationbalance.org
Joanne Wideman at capsweb.org
Roy Beck at numbersusa.org
Dr. Diana Hull at thesocialcontract.com
Eric Rimmer at populationmatters.org
David Durham at carryingcapacitynetwork.org

Part I | Part II | Part III | Part IV

Arutz, “50% of donations to Hillary Clinton’s campaign come from Jewish contributors, according to a new study”, 9 Oct. 2016:

A new report presented by Gil Troy of Mcgill University in Canada, shows that 50% of donations to Secretary Clinton’s campaign come from Jewish contributors. The study also found that 25% of donations to the Republican Party also come from Jewish donors.

In an interview with the Jerusalem Post, Troy stated that this is why presidential campaigns are aimed at Jews even though they only make up 2% of American voters.

Professor Troy also stated that the electorate system is preferential towards states that have large Jewish populations like Florida, Ohio, Pennsylvania and Michigan.

In those states, there isn’t a clear winner for either candidate but they have large Jewish electorates and the Jewish voice becomes very meaningful.

Troy estimates that 70% of Jews will vote for Hilary in November, which is similar to the percent of Jews that voted for Barack Obama in the last elections. According to Troy, in meetings with Republican officials, Jewish contributors still mostly support the Democratic Party, despite the unwavering pro-Israeli policy of the Republican Party.