Fiscal Submission And Political Surrender To Them/They/Those Who Dare (sic)
“A feat of daring can alter the whole conception of what is possible.” (Reprised by Christine Lagarde, originated by Graham Greene)
Summary:
· The planned “Great Consolidation”, around the stagnating/stagflationary Germanic Core, in the Eurozone, is unraveling to the point at which Grexit has become “Grescape”.
· Ex Post-Sintra, the Germanic Core Consumer is extending and pretending while the Peripheral Consumer has become Austerian.
· The ECB is betting that the extended/pretended Germanic Core Consumer will remain solvent, for longer than the Austerian Peripheral Consumer, in order to consolidate him/her/they etc. etc.
· The ECB’s wager raises the probability of recession and Fragmentation in/of the Eurozone.
· Christine Lagarde has the intention, and capability, to turn Fragmentation Risk into the motivation for Eurozone Expansion.
· Lagarde’s expansion strategy is based on a strong Euro.
· Lagarde’s expansion strategy implies consolidation of the Austerian Periphery into the Germanic Core.
· The ECB, allegedly, intends to identify the winners, and losers, of the banking consolidation game, whilst evading Fragmentation, by making the banks take weekly liquidity health checks.
· President Macron remains the main obstacle to an allied Friend-Shoring consensus between the EU and the USA.
· The current US Polycrisis narrative (ex-Climate Change)frames China as opaque, uncooperative, and an economic failure, at this stage of the current Presidential Cycle, vis a vis Biden’s transparent liberal/democratic economic success.
· “Orknexit, from devolved Scotland and the broken UK, is the epitome of Balkanised Britain.
· Abject failure on the Left and the Right have created the platform for the Tony Blair Witch Project.
· India presides over a dissonant G20 on the verge of becoming defunct.
· A dissonant/defunct G20 will nudge India to get off the Polycrisis shelf.
· India may be rolled up into the Global Blair Inc. Witch Project, along with the UK, by Dimon’s Polycrisis Hurrikraine.
Extracts
· There is conflict within the Eurozone, and the ECB, between the escaping Periphery and the predatory stagnating/stagflationary Germanic Core.
· Philip Lane intends to turn Peripheral Strength against itself to support the ECB’s plans for consolidation of the banking sector around the stagnating/stagflationary Germanic Core.
· Lane et al would rather the Eurozone fall into recession than the Periphery escapes the Germanic Core.
· The EU aligns its bureaucratic self-interest, and survival, with the escaping Periphery rather than the stagnating/stagflationary Germanic Core.
(Source: the Author)
· Populist demagoguery and large disenfranchised cohorts, of the Eurozone polity, will violently resist the IMF’s prescription and its agents.
(Source: the Author)
· The insolvent Bundesbank’s legally precedent crash landing provided the financial instability halo for the view from Sintra.
· Rumour has it, that some ECB Governing Council members are trying to trigger an insolvency credit event, at the central bank, by swiftly realizing losses through accelerated balance sheet contraction.
· Hawkish ECB zeal, for tightening, is in direct conflict with the divergent inflation performance within the Eurozone.
· Hawkish ECB zeal, for tightening, looks like an attempt to maintain German economic hegemony at the point that the global geo-political/environmental fundamentals are existentially challenging it.
· With the Bundesbank insolvent, and Germany Inc. rapidly becoming so, the German government prescribes a depressionary fiscal policy, for the whole Eurozone, so that Germany will not have a competitive disadvantage in the future Great Consolidation.
(Source: the Author)
· Balkanized Britain is a project for the Britain Project.
· Balkanized Britain may be a project for JP Morgan’s International Council.
· At Peak Balkanization, Britain will get “Friend Shored” by America.
(Source: the Author)
The swift demise of the UK Government should follow but does not. Perhaps, more important, is the fact that the prospects of the traditional opposition Labour Party are also suffering. Allegedly, this is because of the burden, and lack of charisma, of the party’s leader. In fact, it is his failure to reflect a militant approach to the unholy trinity of austerity, tight monetary policy, and high inflation which erode his political capital.
The failings of both, the mainstream parties, therefore, present the motive and opportunity for the hastily being cobbled together alternative. The alternative “Britain Project” is a work in progress. The project’s critical pathways, to completion, in the form of a new party, must, hence, by default, accelerate, from here, as the political status quo unravels.
(Source: the Author)
· To gain access to the US technology Crown Jewels, India must go through the Taiwanese “Friend Shoring” gatekeeper, thereby, putting itself into conflict with China.
(Source: the Author)
