Austerity Staggers, Germany Blows Up?

Hollande's 'Growth Bloc' spells end of German hegemony in Europe ... For two years Germany has had its way in Europe, treating historic nations much as Bismarck treated Bavaria – sovereign only in name ... The French-led counter-attack and rumblings of revolt through every branch of the EU institutions last week have brought this aberrant phase of the eurozone crisis to an abrupt end ... "If I am elected president, there will be a change in Europe's construction. We're not just any country: we can change the situation," he said. European allies are flocking to his cause from left and right, he claims. Not even Austria supports Germany's austerity drive any longer. This then is the birth of a Euroland growth bloc with well over 200m people and a commanding majority vote in the European Council, a defining moment in this saga. Mario Draghi at the European Central Bank is quickly bending to the new political dispensation with calls for a "Growth Compact". The Commission - liberated at last - is finding ways to "extend deadlines" on fiscal targets. – UK Telegraph

Dominant Social Theme: Everything is under control, and EU austerity is working ...

Free-Market Analysis: Here's another winning analysis from UK Telegraph columnist Ambrose Evans-Pritchard, in our view. As spectacularly wrong as he was about Spain avoiding a collapse (and we called him on it then, months ago) so we think he's correct about the demise of austerity in Europe.

This will be a big blow to the one-world government plans by the elites that have seemingly been moving quickly to secure a more integrated world in all aspects, legislative, judicial, monetarily and militarily.

They use fear-based dominant social themes to generate these preferred consequences. People are to be prevailed upon to give up power and wealth to globalist institutions as a result of these faux, fear-based promotions.

The result? Such a world would be a nightmare, with all moving parts converging at once. A depression in one part of the world would extend to all parts; a war in one region would manifest itself globally.

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