After Italy... Spain Risk Soars by Tyler Durden Fri, 06/01/2018 - 05:00 Political risk in Europe was largely ignored in international markets because of the mirage of the so-called 'Macron effect', the ECB’s massive quantitative easing program, and a perception that everything was different this time in Europe added to the illusion of growth and stability. However, a storm was brewing and the same old problems seen throughout the years in Europe were increasing. In Italy, the shock came with an election that brought a coalition of extreme left and extreme right populists. Disillusion with the Euro was evident in Italy for years, as the economy continued to be in stagnation while debt soared. However, international bodies, mainstream analysts, and banks preferred to ignore the risk, instead continuing to announce impossible growth estimates for the following year and science-fiction banks’ profitability improvements. Italy’s economic problems are self-inflicted, not due to the Euro. Governments of all ideologies have consistently promoted inefficient dinosaur “national champions” and state-owned semi-ministerial corporations at the expense of small and medium enterprises, competitiveness and growth, labor market rigidities created high unemployment, while banks were incentivized to lend to obsolete and indebted state-owned companies in their disastrous empire-building acquisitions, inefficient municipalities, as well as finance bloated local and national government spending. This led to the highest Non-Performing Loan figure in Europe. Now, the new government wants to solve a problem of high government intervention with more government intervention. The measures outlined would imply an additional deficit of some €130bn by 2020 and shoot the 2020 Deficit/GDP to 8%, according to Fidentiis. Italy’s large debt and non-performing loans can create a much bigger problem than Greece for the EU. Because this time, the ECB has no tools to manage it. With liquidity at all-time highs and bond yields at all-time lows, there is nothing that can be done from a monetary policy perspective to contain a political crisis. In Spain, something similar happened. The Spanish recovery from the worst crisis in decades was impressive and an example for other European countries, but weak and fragile. Spain recovered more than half of the jobs lost during a crisis and slashed deficit by half. Exports rose to 33% of GDP. However, large imbalances continued to build. Spain, like Italy, France and Portugal, saw a rising populist wave and, in typical European Union fashion, decided to combat populism by increasing spending and adding public sector imbalances. By doing so, Spain, like Italy, did not stop the populist demands. However, growth was impressive. In 2018, despite an evident slowdown of the Eurozone, Spain showed a 3% annualized growth in the first quarter. The reason for the difference in performance of Spain relative to other neighboring countries was a very ambitious set of structural reforms. But they came at a cost, as we have seen in many other countries where tough decisions had to be made, and the government lost an absolute majority in the past elections. Now, internal forces put the recovery in danger and threaten the economy again. The excuse for a vote of no-confidence came from recent corruption cases that have affected the Popular Party, mainly the so-called Gurtel scandal of illegal financing, but any discernable investor knows this is pure political tactic, because the alternative parties are also involved in very relevant corruption cases. All these cases come from the past. From the housing bubble at the beginning of the 2000s (PSOE has the unemployment fraud in Andalucia and the Catalan separatists the embezzlement scandal called “the 3%” because of the bribes requested for public contracts). The main risk in Spain is very similar to Italy. A weak minority government led by parties that demand massive government spending and more entitlements with larger deficits, could be in power at a crucial time for Spain. When the tailwind of massive liquidity injections and low rates from the ECB ends, Spain will have refinancing requirements that exceed €300 billion per annum before 2022. In 2018, 41.2 billion euro, in 2019, 82.4, in 2020 83.9 and in 2021 58.5 billion euro, with 60.4 billion maturing in 2022. Italy finds itself in a similar situation, with 84 billion euro maturities in 2018, 161 billion in 2019, 164 billion in 2020 and 172.5 billion euro in 2021. It is not just a case of sovereign borrowing. The economies, like in 2010-2011, suffer dramatically when borrowing costs rise… And the Credit Default Swap of Italy and Spain have risen dramatically. Spain’s 10-year sovereign bond Credit Default Swap has almost doubled in the five days since the vote of no confidence was announced. Spain needs to make an adjustment of 15 billion euro in 2018 to meet its commitments with Brussels, and the risk to the economy is that the budget bets the entire deficit reduction on higher tax revenues from stronger growth. That is why markets are so concerned. Spain is a very cyclical economy and the wrong policies can send the country to recession very quickly, as we saw in 2008-2010. However, in 2010 debt was much lower and rates were higher, so there was some fiscal space once the ECB started to lower interest rates… Unfortunately, like Italy, France and Portugal, Spain abandoned its reform agenda to bet it all on monetary policy when the conservative government lost absolute majority.
Now that the tide is turning and the placebo effect of the ECB’s quantitative easing is disappearing, we are seeing a very evident slowdown in the European economy, and Spain’s main trading partners are Eurozone countries, which could damage exports. But we are also witnessing the sudden stop in emerging markets like Brazil or Argentina, and the external sector also depends strongly on exports to these countries. The likely coalition of Socialists, communists and separatists is aiming to unwind the labor market reform, which is likely to hurt job creation in a country with 15% unemployment where rigid labor laws have made it have an average of 17% unemployment since 1980. Additionally, as we have seen in so many European countries, they want to increase spending massively for entitlements and “relax” deficit targets, i.e. borrow more. The economic programs announced promise up to €60 billion more spending with €47 billion more revenues from raising taxes. The latter will not be achieved, and the former will be overspent, as always. Like in Italy, the risk is that none of these parties talk of breaking the euro or defaulting now, but most of them have signed in Brussels requests for mechanisms for “orderly exit”. Obviously, with monster debt and massive imbalances, orderly exit is an oxymoron. The risk of default is currently kept low by the massive quantitative easing of the ECB, but at some point Germany and other countries are going to say “enough is enough”. Obviously, populists in Spain, like Italy, blame it all on “austerity”. With government spending 13% higher than in 2007, and public spending to GDP at almost 40%, calling the current situation austerity would be a joke if it was not so serious. Why is there a risk on corporates and the overall economy? In Spain and Italy the real economy is extremely dependent on banks. While in the US banks finance less than 20% of the real economy, in the European Union it is more than 80%. Banks, at the same time, are extremely dependent on sovereign risk. Not just due to their holdings of sovereign bonds, but because of massive lending to local, regional and state administrations. This makes SMEs and families very exposed to sovereign risk. The main German, French and Spanish banks hold very significant amounts of Italian debt. Italian banks, €118.76 billion, French ones, €44.27 billion, Spanish financial entities, €28.75 billion and German ones, €24.06 billion. The Financial systems of Italy, Spain, Portugal and Germany are the largest holders of their countries’ sovereign bonds, at 18%, 13%, 11% and 10% of total assets respectively. Many investors believe that the European Central Bank is going to solve this whole problem monetizing excess deficits and spending. The main problem is that this is the recipe for a Japan-style stagnation process. The central bank cannot print growth. Analysts ignore the demographics risk in Europe, the excessive spending in entitlements and the constant crowding out of the public sector against the private sector. The problem in Spain and Italy is not the Euro or the financial markets. It is the continuous, relentless policies of subsidizing the unproductive and the public sector at the expense of the high productivity sectors and taxpayers. A coalition of socialists, populists and separatists in Spain would not only demolish the reforms that have helped the recovery, it would immediately destroy credit confidence by demanding more wasteful spend and more entitlements while promising a deficit improvement that never arrives through giant tax increases. These parties want to “recover” the policies that existed before the crisis. The ones that destroyed 3.5 million jobs with the largest stimulus package ever applied in Spain (almost 30% of GDP deficit spending). The risks in Europe are being underestimated, and the only thing I hear all the time as a bullish argument is “the ECB will monetize it”. Careful what you wish for. The best outcome is a Japan-style stagnation. The worst, back to 2011.
Interesting timing coming the day after Soros is all over the news cycle talking about EU economic problems and his plans to save the day for the EU. All this noise about the so called unproductive is deliberately used to foment division. We have always had the poor, the sick and the disabled and we have always found ways to take care of them.
I saw a lot of this for the first time 2 years back. I love the clouds and the skies in all its beauty.... but for some strange reason, seeing this is always a cold hand on my heart. Could be a personal sign for me.
I think the power and beauty of nature especially dramatic skies can stir us deeply. I find the aftermath of a beautiful sunset like a hand squeezing g my heart. Great sadness. Best response for me is to offer a prayer at that moment for the one the Lord wishes to receive it. In that way I guess it could be a sign. Could be too you are tuned into the movements of coming events. Also a call to prayer maybe. I’m talking like I know and I don’t know anything g!!
Death toll reaches 100 in Nicaragua as political violence intensifies Joshua Partlow June 1, 2018 https://www.washingtonpost.com/worl...b14593acaa6_story.html?utm_term=.10221000c806 MEXICO CITY — After a brief pause for dialogue, violence has returned to Nicaragua in recent days, as police and pro-government militias have clashed with protesters and businesses have been looted and burned. The unrest this past week has intensified a crisis that has gripped Nicaragua since April. Protesters have been demanding the resignation of President Daniel Ortega, a former Marxist guerrilla who is now in his third term in office and holds near total power along with his wife, Vice President Rosario Murillo. Human rights workers say that some 100 people have been killed since the uprising began. Ortega’s government blames the violence on right-wing agitators. A march through Managua on Wednesday, led by mothers of those killed during protests, ended when gunmen opened fire on the crowd. Witnesses have accused police and their civilian allies of initiating the violence that left as many as 18 people dead and more than 200 wounded. Looting, arson and clashes have broken out in different parts of Nicaragua after an initial failed attempt at dialogue between the government, student protesters, business leaders and the Catholic Church. “Every day they’re killing more people,” Gonzalo Carrion, a lawyer with the Nicaraguan Center for Human Rights, said of government forces. “They are causing a wave of terror.” During the first outbreak of violence in mid-April, which occurred amid demonstrations about changes to the social security system, police shot bullets, tear gas and rubber bullets into crowds and detained and roughed up university students in different parts of the country. The unusual surge of protest prompted the government to enter negotiations, mediated by the Catholic Church. But last week, Cardinal Leopoldo Brenes announced that the talks were suspended indefinitely after a lack of progress. The opposition had called for moving up the date of elections — which are scheduled for 2021 — and prohibiting Ortega from running again. His foreign minister likened the proposal to a coup. Since then, protesters have erected roadblocks around the country. Students on Monday seized the National University of Engineering in Managua and set fire to Radio Ya, a pro-government station, amid clashes with police. In an address this week, Murillo, the vice president, denied the existence of government-allied paramilitary groups. She blamed the violence on a “criminal conspiracy that through intimidation, fear, threats and terror, has tried to deliver the country to criminals and organized crime.” The Inter-American Commission on Human Rights said on May 21, after a preliminary investigation in Nicaragua, that the protests had been characterized “by the excessive use of force by the security forces of the State and armed third persons.” At that time, the commission said at least 76 people had been killed and 868 injured, the “vast majority in the context of the protests.” Amnesty International said in a statement this week that the violence during the march led by mothers “demonstrates the systematic ‘shoot-to-kill’ policy of President Ortega’s government.” On Thursday night, residents of Managua reported hearing gunshots and blasts from homemade mortar tubes and seeing gunmen on the streets of the capital. “Last night was out of control,” said Mauricio Targa, a businessman who has helped organize protests. “Drive-by shootings. There are muggings. People with ski-masks in the back of unregistered cars, armed, pulling people over and robbing them.” Targa said that makeshift clinics have been set up in people’s homes to treat wounded protesters and that pro-government forces have been taking potshots at these clinics. “They’re trying to do this to create panic,” he said. On Thursday, the Organization of American States said in a statement that it “appreciated” the resignation of Roberto Rivas, Nicaragua’s longtime elections chief. Rivas, who had been in his position more than a decade, has been widely criticized for helping Ortega hold onto power. Last year, the United States placed sanctions on Rivas for corruption under the Magnitsky Act, which blocked him from accessing the U.S. financial system. Ismael Lopez Ocampo in Managua contributed to this report. Read more ‘The people lost their fear’: How Nicaragua’s new revolution took shape April 26, 2018 The Soviet Union fought the Cold War in Nicaragua. Now Putin’s Russia is back. April 8, 2017 Trump wants to deport MS-13 members. El Salvador is dreading their return. March 24, 2017
This story reminds me of prophecies about people taking refuge in the Church, Nicaragua bishops condemn attacks on protesters, Jesuit university In Catholic News Service, Global Church David Agren Jun 1, 2018 CATHOLIC NEWS SERVICE https://cruxnow.com/global-church/2...emn-attacks-on-protesters-jesuit-university/# Demonstrators in Managua, Nicaragua, stand behind a barricade during clashes with police May 30. Nicaragua's bishops issued an urgent statement May 31 calling for an end to police and paramilitary attacks on unarmed protestors. (Credit: CNS photo/Oswaldo Rivas, Reuters.) MEXICO CITY - Nicaragua’s bishops have demanded an end to police and paramilitary attacks on unarmed protesters, who have continued to call for the Central American country’s authoritarian president to step aside. The bishops issued an urgent statement May 31, the morning after an especially brutal crackdown on protesters, which claimed at least 13 lives, according to media reports. “The bishops of Nicaragua have experienced with deep pain, the violent events perpetrated last night by armed groups related to the government against the civil population. We energetically condemn all these violent acts,” the Nicaraguan bishops’ conference said in the statement. “(We) condemn all of these acts of repression on the part of groups close to the government and we want to leave it clear the national dialogue talks cannot continue while the Nicaraguan people continue being denied their right to protest,” the prelates said. At least 5,000 protesters - including women and children - sought refuge on the campus of the Jesuit-run University of Central America May 30, according to the rector, Jesuit Father Jose Alberto Idiaquez. “A countless number of injured were attended to by volunteers,” the university said in a statement released late May 30. Acknowledging that it “puts itself on the side of the people in their just struggle,” the university denounced “this new criminal attack and demands the authorities immediately cease the repression, which uses shock forces to kill with impunity.” Nicaragua’s bishops have attempted to broker a peaceful solution to the unrest in the country and convened a national dialogue earlier in May. That dialogue subsequently broke down and the bishops withdrew from their role as mediators, citing “a lack of consensus among the parties.” Auxiliary Bishop Silvio Baez of Managua, who has received death threats for his support of the rights of people to protest, tweeted May 31 that the bishops’ latest statement “does not speak generically of ‘violent acts’ rather acts carried out by ‘groups related to the government against the civil population,’ ‘killing’ the people.” Nicaragua descended into turmoil in mid-April after the government of Sandinista President Daniel Ortega attempted to overhaul the country’s social security system and increase fees. The overhaul came amid accusations of corruption and mismanagement in the system. Protests, especially among students, have flared frequently and the government has carried out a violent crackdown on dissent and threatened independent media. People in the streets have called for Ortega to step aside and for new elections to be held, but the president has refused and ramped up the repression against them. A recent report issued by Amnesty International described the government strategy for containing protests as “shoot to kill.” It counted at least 76 dead and 860 injured since protests erupted. The Central American University has come under attack during the government actions. On May 27, masked men arrived shortly after midnight and fired a mortar at campus security personnel. No injuries were reported, but the university said in a statement the attack was government-sponsored. Priest condemns latest attack on Jesuit university in Nicaragua as 'cowardly' The flag of Nicaragua. Credit: Millenius/Shutterstock.By Mary Rezac https://www.catholicnewsagency.com/...uit-university-in-nicaragua-as-cowardly-40112 Managua, Nicaragua, May 31, 2018 - A mortar attack on a Jesuit university in Nicaragua last weekend resulted in no deaths or injuries, and has been condemned by the school’s rector as “cowardly.” On May 27, three masked people fired mortar at two guards standing at the main gate of the University of Central America, located in the country’s capital of Managua. Fr. José Alberto Idiáquez, the rector of the university, denounced “...this cowardly night attack by para-police forces that, protected by the impunity guaranteed by the current (government), have been using the hours of the night to intimidate and kill innocent citizens in the neighborhoods of the capital and other cities." “Although they did not succeed in wounding or killing any of our guards, that was the intent, because of the charge of gunpowder used and because of the closeness of the shot," he added. The attack is the latest in a spate of violence and civil unrest in the country, which began April 18 after President Daniel Ortega announced social security and pension reforms. The changes were soon abandoned in the face of widespread, vocal opposition, but protests have only intensified after more than 40 protesters were killed by security forces. In his statement, Idiaquez said that this is the second time the university has been under attack, noting the destruction of the school’s entrance during the April 18 protests. The university, which has become a center of student-led anti-government activism, suspended all academic and administrative activities in the days following the latest attack. Protesters have called for freedom of expression, an end to violent repression, and for Ortega to step down from office. The Inter-American Commission on Human Rights has also expressed human rights concerns regarding the violence and visited Nicaragua May 17-21 to document human rights violations in four cities and to issue recommendations. The commission found that since protests began, at least 76 have died and 868 have been injured, including a priest of the Diocese of Matagalpa who was wounded by shrapnel May 15 while trying to separate protesters and security forces, according to the AP. The Church in the country has been quick to acknowledge the protestors' complaints and to attempt to mediate peace with the government. On May 22, the Catholic bishops of the country encouraged Ortega to create “a mechanism of international investigation of the acts of violence which occurred, with guarantees of autonomy and independence to ensure the right to the truth and duly identify those responsible.” In their letter to Ortega, the bishops stressed the importance of continued dialogues to work towards peace. On the same day that the letter was issued, the bishop's conference also announced that bishops and priests are being discredited by attacks orchestrated by the government and that they have been receiving death threats through “anonymous social media” posts. On May 23, Cardinal Leopoldo Brenes of Managua announced that peace talks had been suspended indefinitely after reaching an impasse with the government, which refused to discuss an agenda presented by the bishops that included suggested reforms to presidential elections, according to ABC News. However, Brenes said he is hopeful the talks can eventually continue. Ortega has been president of Nicaragua since 2007, and oversaw the abolition of presidential term limits in 2014. He was a leader in the Sandinista National Liberation Front, which had ousted the Somoza dictatorship in 1979 and fought US-backed right-wing counterrevolutionaries during the 1980s. Ortega was also leader of Nicaragua from 1979 to 1990. Tags: Sandinista National Liberation Front, Daniel Ortega
You do know! Your response is tender and beautiful. I often catch sight of those clouds when I am busy, preoccupied. They warn me to quieten my spirit, to stay alert.
When I first heard of the recent controversy regarding Allison Mack, an actress from "Smallville", and the Nxivm Cult last month my first instinct was to not delve into it but yesterday I came across the following Truth Factory video about it and then I found the following article which explains the "whole" situation. It is all very creepy imho and appears to have the potential of being much bigger than I had originally thought that it was. I almost posted about it yesterday but I wanted to read the whole article which is very, very long. I still have only skimmed it. My husband turned on CBS news this morning and this is what they were talking about, they were literally interviewing the author of this NYT's article. I took that as a sign that I should in fact share this with all of you. The Truth Factory includes many more details in their video than I believe the article does and they mention the "Rainbow Cultural Garden" which is referred to, but not named, in the article. The Truth Factory is very suspicious of the RCG which is supposed to be a very expensive school to train children in multiple languages at a very early age. The author of the NYT's article visited one these schools when it was not in session and she states that she "couldn’t gauge the children’s octolingualism". The Truth Factory also mentions connections with Nxivm Cult to the Bronfman sisters, the Rothchilds, the Clintons, Pizzagate/Marina Abramović (a performing artist known for "Spirit Cooking"), Richard Branson, Kirsten Gillibrand's father amongst others and even the next potential President of Libya. The Truth Factory also mentions that the Bronfman sisters allegedly bribed FBI agents along with others in regards to this cult. The ‘Sex Cult’ That Preached Empowerment Why did female members of Nxivm follow a guru named Keith Raniere, who now stands accused of sex trafficking? He made them feel like they were in control. By Vanessa Grigoriadis May 30, 2018 https://www.nytimes.com/2018/05/30/magazine/sex-cult-empowerment-nxivm-keith-raniere.html
Carol this whole sordid story is a ticking time bomb. By God's grace they will be completely exposed and blow up into the wide open spaces ALL the connected parties--including many Hollywood A listers and many many politicians and elites. Including connections to the Clintons. It is going to be devastating to know the level of this evil but it must be known. This depravity must stop! Thank God Trump is determined to stop child trafficking. There are many good people working on this. Risking themselves to save children. The MSM is sadly complicit in downplaying or hiding what is going on. I've been looking into this for awhile. It is not for the faint of heart. Thank you for bringing it to the Forum's attention.
“What does it profit a man if he gains the whole world but loses his soul?” Everything about this story reeks! It’s what the devil tried to offer Jesus during the 40 Days in the desert. Thanks for posting, Carol
A little sign worth watching, coming from Spain, where the Queen of Heaven predicted in Garabandal that "communism would come again". Sin Biblia ni crucifijo por primera vez en democracia, Pedro Sánchez promete su cargo ante el Rey google translation: No Bible or crucifix for the first time in democracy, Pedro Sánchez promises his office before the King The leader of the PSOE , Pedro Sanchez , has promised today before the King the position of president of the Government , in an act in the Palace of the Zarzuela in which the novelty has been that for the first time in democracy, it has done before the Constitution but without the presence of the Bible and the crucifix. Sanchez has opted for this formula after the House of the King agreed in July 2014, shortly after the proclamation of Philip VI , to give the option to high officials to swear or promise before the Bible and the cross or without them in front. (Socialist leader) Pedro Sánchez defines himself as an atheist and has always been a strong advocate of Spain being a secular state, of withdrawing religion from public schools and of revising the Concordat with the Vatican. http://www.elmundo.es/espana/2018/06/02/5b126154268e3e7e3e8b4615.html
HH, It does reek! Your welcome. AED, It is not for the faint of heart and if our worst suspicions are true all of the sordid details will be very difficult to hear about. Your welcome also. Blizzard, Wow, horrible! Thank you for letting us know about these details. I saw that the new Spanish PM was sworn in today but I had not heard of these other details. I wonder if there are any similar details regarding the new Italian PM. I have not read too much about him but I know that the country is divided politically.
https://www.theguardian.com/world/l...chaos-after-card-network-crashes-live-updates Just had my card declined here. The cashier said that about 1 of 3 cards are actually going through and that it has been happening all morning.
The BBC reports on the Sanchez story Pedro Sánchez is sworn in as Spain's new prime minister http://www.bbc.co.uk/news/world-europe-44340879
Poland Under the Jewish Messiah By Israel Shamir Poland Country in Europe Poland is an eastern European country on the Baltic Sea known for its medieval architecture and Jewish heritage – thus Google characterises the land of proud Polacks. For a Pole, this definition hurts more than the three partitions of his country. Why do they stop at Poland, he’d cry out. Google describes: England Country of the United Kingdom England, birthplace of Shakespeare and The Beatles Instead of “England is a European country on an island in the North Sea, known for its Jamaican Rastas”? I commiserate with you, my Polish friends. It is very demeaning to be known not for the deeds of your ancestors, nor for mighty sword of Jan Sobieski that saved Vienna for Christendom, nor for the star lore of Copernicus, neither for the gentle muse of Mickiewicz and Chopin, but for something quite marginal for your culture and history, at least as marginal as Rastafarians are for the Brits. The Russians and the Germans partitioned your lands , but they didn’t think your only claim to fame is that you were hospitable towards Jews. This very Jewish attitude is typical for America in our days, for the US has become more Jewish than Poland ever was. And they are repaid for your hospitality with a mean coin. Jews lived in the Polish lands for centuries, and lived very well, until they moved to new pastures – to America, to Germany, to Russia, to Israel. My father was a Polish citizen, and he cherished his memories of the land and its folk, and so felt other Jews of his generation. However, organised Jewry had different ideas. The conflict between the Jews and Poland began with anti-Polish publications in the US media a few years ago. The Jews began to goad Poland. They reminisced about Polish clashes with Jews in the 1930s and 1940s, not exactly a unique Polish story. Many nations have clashed with Jews, lately the people of Gaza. The last anti-Jewish riot, or pogrom, in Europe took place in , not in Poland, and was caused not by some pathological, illogical, irrational hatred of the Other, but by the Jews’ heinous act: they murdered two English soldiers, hanged their bodies on a tree and booby-trapped these with a landmine. However, the Jews do not choose to recall those British riots, they are forever reciting Polish troubles. They said the Nazi concentration camps were built in Poland because Poles sympathised with the Nazi plans to eliminate the Jews. More and more often they referred to “Polish concentration camps” (instead of Nazi concentration camps in Poland), heavily implying Polish complicity in the Holocaust. The Poles responded to this salvo of abuse by passing a law forbidding anyone of accusing them of collaboration with the Nazis under penalty of imprisonment. The Jews were for knowingly breaking the law by shouting “Polish Holocaust!”. (It is worth watching this short video in order to feel their fury). There was a practical reason, as well as a discursive one. By putting pressure on the Poles, the Jewish organisations followed the blueprint they had utilised against the Swiss with great success. Although known Jewish assets in Swiss banks were quite small, the Swiss gave in under pressure and paid billions of dollars to the Jewish organisations. Now a similar extortion racket has been planned against Poland. This was the practical reason, while the needs of their battle for discourse called upon the Jews to safeguard their copyright, i.e. to keep in their hands the authority to decide and rule what is the Holocaust and who is guilty of it. The Polish example could be followed by the Americans and the British who may become tired of being accused of failing to bomb the railways leading to concentration camps. Indeed Donald Trump already tried to speak of millions of non-Jewish “victims of the Holocaust”. Rebellious Poland had to be suppressed. Organised Jewry called upon Poland to restore to them all the property that belonged to individual Jews in Poland before the WWII. Though Jews were a small minority, they were a very prosperous minority, and many Jews owned a lot of property. They owned it as private Polish citizens, naturally. In the Communist period, many Polish properties were nationalised, whatever their owner’s faith was, Jewish, Catholic or even Buddhist. However, the 1960 treaty between the United States and Poland solved this problem. Poland compensated American nationals whose assets had been nationalized by the Polish government and the United States indemnified Poland from any additional claims and compensation demands. Now they have decided to re-open the case by claiming properties that belonged to Jewish owners who died leaving no heirs. If an owner dies intestate, his estate goes to the state. This is the basic rule all over the world, and Polish Jews are no exception. If a Polish citizen, a Jan or a Moses (or even an Ahmed) dies intestate, his property in Poland goes to Polish state. The Jews want to change it. They say intestate property of private Jewish Polish citizens should revert to Jewish ownership, actually to Jewish-American organisations. These bodies have already pocketed billions of dollars’ worth of German funds; this money pays handsome salaries to Jewish officials; it builds Holocaust memorials and museums, and allows Jews to fight numerous legal cases strengthening their hegemony. Now they want to shake Poland down for a cool $300 billion, 60% of the country’s GNP. It will certainly allow many Jewish functionaries to live in a style to which they are accustomed. The US supported this claim, and a few days ago, S. 447, the “Justice for Uncompensated Survivors Today (JUST) Act of 2017,” became law, as President Trump signed it after the House of Representatives and the Senate duly voted for it in bipartisan solidarity. Now the Poles can’t just disregard these claims. They have to transfer every asset that ever belonged to a Jew into the hands of American Jewish organisations. If and when a similar law would be enforced in the US, American Jewish organisations would inherit from Chomsky and Unz, me and Gilad Atzmon, the Amazon and Soros Fund. This is patently crazy: just in a few years, Jewish organisations will become richer than Rothschild and Rockefeller ever were. The Jewish organisations collecting the tribute are also very rich. They have a dirty history of fraud with dozens of convictions; they spend much more money on their own salaries than on needy survivors. Norman Finkelstein wrote a well-known book, , full of strong critique and indignation, about the Holocaust Lords with their half-a-million-dollar-a-year salaries and great hotels to hold conferences. I would prefer they’d spend all their ill-gotten wealth on their salaries and hotels, because they use whatever is left (and we are speaking of billions of dollars) to restore Jewry and to promote their narrative, to build a Holocaust Museum in every city, to give grants to painters, writers, film directors, media editors. They bribe whole communities. They keep the descendants of Jews together by scholarships, free schools, free meals. And they de-Emancipate the Jews. The most important and the worst element of this scheme (or scam?) is not a financial one. It is the restoration of the feudal order, when Jews were subjects of Jewry, a quasi-state body spread over many lands. I wrote about it: “The very existence of a corporate entity known as “the Jewish People” (or, Jewry, or The Jews) is frequently denied. Some two hundred years ago Jewry existed as unambiguously as France or the Church. Our ancestors were subjects of this extra-territorial state, an authoritarian semi-criminal order, run by rich men and Rabbis. Its leadership, called Kahal (Hebrew for Community) made the important decisions, and ordinary Jews followed their directions. The leadership could dispose with life and property of Jews, just like any feudal ruler. There was no freedom of opinion within the walls of the ghetto. A rebellious Jew could be punished by death. Came Emancipation, and the power of the Kahal was broken from inside and outside. The Jews were set free and became citizens of their respective countries.” This freedom of the Jews didn’t last too long: now Jews are on the way to becoming subjects of Jewry, ruled by Jewish-American organisations. They want to retroactively turn all Jews into members of World Jewry, so that their property will remain in Jewish hands if they die intestate. This is a claim of a state, not of a church neither of a community or a diaspora. Thus, above two Jewish polities, Israel and the US of A, a third polity rises, Jewry, a quasi-state, whose existence is often denied, but when it is a question of money, obfuscation is out of place. The US decided, by promulgating Act 447, that a Polish Jew has never been a citizen of Poland; he was a member of Jewry, and his property should revert to Jewry, not to the Goyish Polish state. This is quite an extraordinary claim; perhaps understandable in the Middle Ages, when Jewry formed a separate estate, but nowadays it is a recognition sign of the Jewish Messianic era...(cont.)
(Cont.) ...This is the end of Enlightenment, and Jews, liberal or conservative, have been transformed from free persons and citizens of their countries into subjects of Jewry. This is done without Jewish consent. Ordinary or extraordinary Jews did not agree, didn’t vote, didn’t express their agreement in any way for this turn of events. I write these lines with Philip Roth’s recent demise on my mind. Jewry would collect his spiritual and material legacy – and that’s despite his last will to keep his burial free from any Jewish religious ceremony, despite the fact that he hated to be called “a Jewish writer,” insisting that he was an American writer. It didn’t begin today – Germany already recognized Jewry (or the world Jews) as a subject of international law: “The Conference on Jewish Material Claims Against Germany, or Claims Conference, represents the World Jews in negotiating for compensation and restitution for victims of Nazi persecution and their heirs”. Now it has come to Poland, and afterwards, there is a list of forty countries they intend to flay, from Estonia to Morocco. They all will have to recognize that their Jewish citizens were, in effect, foreigners, members of a foreign body. Otherwise, they will find themselves on the black list of the US administration. This is an ironic turn of events for Poland. Poland is the most pro-American and anti-Russian country in Europe. In Poland, there are American tanks and American bases, and American missile launchers; Poland is the gate to the East and the forward base of the Empire. In case of a hot war with Russia, Poland will be the most necessary link in the Western chain of command. The Poles even chopped off the old oaks of the primeval Białowieża Forest on the Belarus border to open the way eastwards for American tanks (they provided this or that other explanation). Jewish Lobby greed and the complacency of American political class may yet achieve what Putin’s efforts failed to do. Or perhaps it won’t. The Poles are forever repeating the same costly mistake: allying with the West against Russia. Time after time again they have been betrayed by their Western allies and had to paid the price[1]. Everyone can be betrayed once, but Poland has been betrayed so many times that the Poles should check their settings. Poland has no future as the forward base against Moscow, but this understanding hasn’t seeped into the Poles’ mind yet. The Jews continue with their offensive against Poland. Even a Polish memorial in New Jersey is to be removed, despite Poles’ objections. The Mayor of New Jersey called Polish Senate Speaker Stanislaw Karczewski a “known anti-Semite, white nationalist + holocaust denier” with “zero credibility” who “tries to rewrite history on their country’s role in a Holocaust.” In polite society, it is acceptable to refer to the “Israel Lobby”; however, the JUST Law has nothing to do with Israel. The force successfully pushing for it, is the Jewish Lobby, plain and undeniable. The Poland-fleecing law answers the old question, do US Imperial interests and those of the US Jewish Lobby coincide? Destroying Iraq and Syria and supporting Saudis was in Israeli interests, sure, but one could argue about whether it was in American interests or not. Now we have a rare clear-cut case where American Jewish Lobby acted against American “Imperial interests” and the whole of the American political establishment accepted the demand of the Lobby, turning the superpower into the mightiest enforcer for the Jews. Spiritual Meaning of this Development (Warning: If you have strong aversion to religious and spiritual discussions, skip this part). Why do I speak of the Jewish Messiah? Who is he? I wrote about it at length in the book called Pardes. The Messiah for Jews is not a person, but a spiritual force. It is the spirit of Jewry. I called it Jewry – Yizrael, as opposed to Israel. Yizrael is his own Messiah, this is the view of Jewish Cabbalists. The Jewish Messiah, the spirit of Yisrael makes the world perfect for himself. And now we are entering the period of his dominion. When he will sit in the Temple on the Mount Moriah, his dominion will become perfect – not necessarily wonderful for individual Jews and even less so for individual Gentiles. The prophecy says he will be overthrown and replaced by Christ, or the Christian Messiah, the True Saviour and God. For this reason the Jewish Messiah is called the Anti-Christ, or the Ante-Christ, the one who comes before (like in antipasti or ante meridiem) and against Christ. While the Jewish Messiah is the anti-Christ, Christ is anti-Semite. Meaning not only “against”, but “before” as well, for Christ is connected with Melchizedek, being “a priest forever in the order of Melchizedek” (Ps. 110:4), and Melchizedek preceded Israel, for he is a son of Adam. This title, the Son of Adam, The Son of Man is a title of Christ, the True Messiah, while Jewish Messiah claims the title of the Son of Abraham and the Son of Israel. Jewry denies Christ, this is the existential meaning of its existence. While many Jews of Jesus’s days followed Him into Israel, that is the Church, another part, Yizrael, or Jewry, fought Him, caused His death, and continued the battle with Him after His resurrection. Now Yisrael is victorious, though prophecy says he will be defeated by Israel and Christ. Jews deny that Melchizedek is anti-Semite: they say he IS Shem, the first Semite, and that he surrendered his priesthood to Abraham and eventually to Aaron. In Christian view I share, Melchizedek did not surrender his priesthood, he received tribute of Abraham, and blessed him, but his elder priesthood and descent from Adam was not diminished. I discussed elsewhere the Jewish claim that only they are Adam, i.e. fully human children of the First Man. This is a false claim and the source and reason of Yisrael’s rebellion against God and His Christ. All of us, not only Jews, are fully human children of the First Man and more than that by virtue of receiving communion of blood and body of Christ. The Rise of the Jewish Anti-Christ had been foretold; still it is amazing that we witness this development. I thought that is an allegory, a parable, a fable; but it is as real as a cup of tea. https://www.unz.com/ishamir/poland-under-the-jewish-messiah/
