Now on to Europe

At the beginning of the 20th century, there was only one major market economy, that of the USA.

After the passing of the Federal Reserve Act in 1913, the bankers were in a position to pursue their plans to create the two other major market economies that were already on the drawing board: China and Europe.

China was on the verge of having permanent borders and a national identity, so getting a market economy going there wasn’t going to be too difficult. On the other hand, Europe consisted of many strong national identities and there, it would be much more difficult. The financial infrastructure of Europe is still under construction.

However, now that China is a fully operating world market economy, it’s now time to concentrate on Europe and complete the job that was started in 1914. In order for Europe to work as a unit, the government in Brussels has to have clout, and the way to do that is to collect the taxes throughout the EU. That means that the individual countries will lose a good chunk of their sovereignty, an almost impossible situation to contemplate. But it’s going to happen, of that we can be sure.

That’s what’s going on right now; the City, the center of decision, and the FED, the center of operations, are kicking butt. They started by reducing credit to the smaller countries of Europe, but those with a high profile, the PIIGS countries. Things will get worse before they get better until the day all the people’s representatives agree to combine their efforts by accepting to have the European Parliament decide for all its members and raise a federal tax.

There are already European supervisors in place. Soon those supervisors will be properly elected as Federal Parliamentarians and the EU will be a done deal.

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