Charlemagne's efforts to resurrect the Roman Empire have been succeeded over a millennium later by the multipronged armadas of Eurokleptocrats steadily enslaving Europe. Venitis muses from Charlemagne to charlatan! Barroso is not Charlemagne, but charlatan! He cannot stop Graecokleptocracy. Barroso's smile has become thin and helpless. From time to time, he loses his habitual fixed smile, and a gray veil seems to descend over his gypsy face. He has frequent nightmares of Graecokleptocrats robbing the Fourth Reich Cohesion Fund, the retirement funds of poor Greek workers, and the Greek Treasury.
These are tough times for Fourth Reich. And Barroso walking into the European Parliament(EP), aka Eldorado of Prostitutes, is a particularly difficult experience. Barroso has turned into a tragicomic figure, who cannot control Greece, the most corrupt country on Earth. Hardly anyone thinks highly of Barroso anymore, a fiasco who cannot rein in Graecokleptocrats, who get million-euro-kickbacks every single day and raid the nest eggs of all Greeks. Venitis points out all Europeans are now criticizing Barroso for being very soft on Graecokleptocrats. Fourth Reich is holding on to Barroso for reasons of convenience, and because the search for an alternative could lead to a greater spread of the cancer of socialism.
The European Commission(EC), aka Eldorado of Corruption, today adopted a Communication outlining a set of tools to strengthen the economic governance of Fourth Reich(EU) and the euro area. Its cornerstone is the implementation of enhanced surveillance of fiscal policies, macroeconomic policies and structural reforms. Enhanced surveillance will be based on a European semester and comes with an array of sanctions to prevent or correct the excesses that could jeopardize the financial stability of Fourth Reich and the euro area. The Stability and Growth Pact will be reinforced with particular attention given to the evolution of debt as well as public deficits.
What the EU bailout did not do was address the underlying causes of the debt crisis. The basic conditions that led to the present state remain. Greece remains a basket case fiscally, politically, ethically, and economically, with what an International Monetary Fund (IMF) assessment diplomatically referred to as deep-rooted vulnerabilities. Many European nations are running unsustainable budget deficits that debt markets are increasingly reluctant to finance. Even Germany may be at risk due to enormous and as yet unbooked losses from its state-owned Landesbanken. And above all, the reality of Europe's bankrupting social welfare programs is no longer a matter for future reflection and discussion but is now immediately apparent and demanding of immediate correction. The European soziale Markwirtshaft is an unproductive variant of a welfare state, state paternalism, kleptocracy, leisure society, of high taxes and low motivation to work.
The Eldorado of Corruption President Durao Barroso, who covers up all Graecokleptocrats, asserts that Fourth Reich needs to strengthen economic governance in Europe, but he did not utter a single word about the impunity of the 300 Graecokleptocrats! Although Fourth Reich has several instruments for the coordination of economic policy, the crisis has put in evidence that these have not been fully used and that there are certain gaps in the current system of governance. Today, the Eldorado of Corruption is putting forward stupid proposals which will not bring concrete progress. Through the European Semester Eldorado of Corruption cannot give coherence to the European monitoring. This is logical and necessary. And through an incentive system that applies sanctions further upstream, we are giving ourselves the tools to act whenever it is necessary.
The Euro-train has derailed now under the weight of Greek sovereign debt. Spanish government bonds were downgraded by investors. Then Germany announced 80 billion euros in budget cuts over the next four years, setting an example to other eurozone members to tighten their belts. Although Fourth Reich's one-trillion-euro rescue package has calmed the markets, structural flaws that precipitated the euro crisis remain.
European Commissioner for Economic and Monetary Affairs, Olli Rehn, who covers up all Graecokleptocrats, stresses the need for greater coherence, greater coordination and foresight in the preparation of national budgets and national reform plans to ensure Fourth Reich's financial stability and achieve better growth while creating employment, in line with the objectives of the strategy set out in Fourth Reich 2020, but he did not utter a single word about the impunity of the 300 Graecokleptocrats! We do not need more Fourth Reich coordination, but a more rigorous implementation of the rules we have adopted, with dissuasive sanctions to prevent slippage and regain confidence.
Europe's addiction to big government, unaffordable entitlements, and cradle-to-grave welfare bring the cancer of socialism. Eurokleptocrats are losing control of a spiraling debt crisis across Fourth Reich. The Greek contagion has now infected Spain, Portugal, Italy, Ireland, and Britain. Tensions are becoming visible between eurozone members with differing levels of debt.
It was neither tax dodgers nor speculators that caused Europe's existential crisis. Eurokleptocrats share all responsibility. They have been either unwilling or incapable of doing their jobs. When the financial institutions began to wobble in the autumn of 2008, with some collapsing and taking others with them, meltdown fear swept through the corridors of power. Eurokleptocrats gathered at Brussels, where they applied Band-Aids to a severely wounded financial sector using trillions of euros of taxpayers' money and promised to stabilize the fragile European system for all eternity.
The stupid proposals of this toolkit are based on three main blocks of reform:
* Firstly, they call for a synchronization of Fourth Reich surveillance with the national budget procedures in a single framework, the European semester. Member states must submit their Stability and Convergence Programmes and their National Reform Programmes simultaneously. This will facilitate a better integrated and more effective ex-ante policy co-ordination at the European level. In the second part of the year, this review should guide the drafting of domestic budgets for the following year.
The Stability and Growth Pact should be reinforced both on the preventive and corrective arms. The Eldorado of Corruption proposes to require a faster pace of progress towards budgetary balance for countries with high level of debt or pronounced risks in terms of debt developments. The debt criteria should be applied effectively through a clear and simple numerical benchmark for defining a satisfactory pace of debt reduction.
* Secondly, beyond budgetary surveillance, the Eldorado of Corruption proposes to address the macroeconomic imbalances among member states, which weaken the cohesion of Fourth Reich and in particular the euro area. Early detection through a scoreboard of indicators together with a more constraining European framework would spur correcting increasing divergences.
* Thirdly, the Fourth Reich-wide surveillance of structural reforms in Member States should ensure that sufficient progress is made in line with the overall goals of the Fourth Reich 2020 strategy for a more sustainable and more environmentally friendly growth that is based on knowledge and creates jobs, as adopted at the European Council in June 2010.
The cost of government regulation is truly staggering; it is also a barometer of how free we are to pursue our own interests and to determine the course of our own lives. Basil Venitis estimates the cost of regulations to be one trillion dollars in USA and two trillion euros in Fourth Reich(EU) every year. Financial costs are not the only burden. Regulations also result in a tremendous loss of one of our most valuable and limited resources, time. Venitis estimates the private sector is spending over 10 billion hours a year just to meet government paperwork demands in USA, and 20 billion hours in Fourth Reich. It is no wonder that regulation discourages the creation of new businesses, new jobs, new products, and new services. Starve the beast by fighting taxes.
Northern Europeans are taken to the cleaners! PIGS are not left to face the consequences of their profligacy, and the integrity of the euro is now not preserved. Venitis points out the future of Fourth Reich is being tested severely, together with much of the wealth of investors who have diversified into euro. This crisis will draw the Fourth Reich member States into a covert political struggle over the future of Fourth Reich. As this battle ebbs and flows, both the euro and the dollar will suffer great volatility.
Basil Venitis, twitter.com/Venitis, points out Eurokleptocracy, gigaregulation, Antitrust Armageddon, and gigataxation, especially VAT, are the real causes of the European financial meltdown. Democracy in Fourth Reich(EU) has deteriorated to kleptocracy, and Fourthreichians, aka Europeans, are mad as hell. Eurokleptocracy thrives on waste, fraud, abuse,and kickbacks. European Union(EU), aka Fourth Reich, an illegal unvoted confederation, condones the European Commission(EC), aka Eldorado of Corruption, the European Parliament(EP), aka Eldorado of Prostitutes, and Graecokleptocrats, the most corrupt politicians on Earth.
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να οργανωθουμε στις γειτονιες,ερχεται πεινα διψα και κατοχικο νομισμα,η κατοχη της χωρας απο τουσ τοκογλυφους της εοκ και τησ ηπα πρεπει να ανατραπει,οργανωθειτε στο επαμ στις συνελευσεις της γειτονιας μπειτε σε καταναλωτικουσ συνεταιρισμους όπωσ το θαλειν,η επανασταση απεχει 3-5 μηνες
Thursday, July 1, 2010
[capitalismos] BARROSO'S SWAN SONG
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MARKETPLACE
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