Editorial
Is the Sovereign Debt Crisis a Replay of the Versailles Treaty?
Here at The Daily Bell we track dominant social themes of the Anglosphere power elite (the only elite that matters) and recently we've been pointing out that much of what is going on in the (Western) world is a repeat of the early 20th century.
In an article entitled "Parallels Between Early 20th Century and Present Are Scary," we pointed out that history is indeed seemingly repeating itself. You can see the link here, and some previously created charts below.
We've pointed out these parallels in order to make the argument that much of what's going on now is intended to speed up the process of creating one-world government. We regularly try to explain that there is likely a power elite behind this state of affairs – a small group wielding enormous Money Power via its control of central banking.
It is this "cabal" that seeks formal world government and – then – control of it behind the scenes. In order to implement world government, this impossibly rich cabal or mafia uses dominant social themes (fear-based promotions) to frighten middles classes into giving up power and authority to specially prepared globalist institutions.
But it is not enough to use themes. These themes have to be reinforced by ACTIONS. That is, if one wants to scare people about, say, an oil crisis, one has to implement measures to raise prices by creating an oil shortage. This has been done (even in the recent past) by restricting oil exploration, creating wars in sensitive oil-producing areas, etc.
Here at DB we call the strategies of the power elite in aggregate "directed history" – the idea that the powers-that-be are orchestrating a maximum amount of CONTROLLABLE chaos. Once the chaos has been created, authoritarian solutions can be applied. These solutions are presented as dominant social themes.
The elites use dominant social themes that are not scarcity-based as well. A different kind of theme is one that leads to political unrest and authoritarian solutions that can then be used to advance either one-world government or wars.
Today, we have what is called a "sovereign debt crisis" wracking Europe. Many believe this crisis is merely a coincidental outgrowth of what came before, in the booming, early 2000s.
We've gone back and forth on this issue, but increasingly we come down on the side of directed history. Increasingly, we think the elites are planning and creating economic chaos in order to do what they've done before – implement authoritarian solutions as result. Out of chaos ... order.
Are there historical parallels? Maybe so. The question I want to address today is whether the current "sovereign debt crisis" is actually a replay of the infamous Versailles Treaty. The Treaty was "forced" on the Germans, and conventional history tells us that this was a "mistake."
Was the Treaty of Versailles such an innocent mistake? There are three major issues to consider here: First, German leaders were made to agree to a "War Guilt Clause" in which they admitted Germany had stared the war.
Second, Germany, having started the war, would pay reparations – a figure that ended up at an impossible (for the times) £6,600 million. Third, a League of Nations was to keep world peace. (This failed, leading to World War II and the establishment of the United Nations.)
Let's look at the parallels between the Treaty and the "sovereign debt crisis" in Europe. Do they exist? Are they identifiable? I think an argument can be made that there are. Here's a broad chart that seems to show parallels.
| Versailles Treaty | Sovereign Debt Crisis |
| • German Leaders Admit Guilt | • PIGS Leaders Admit Profligacy |
| • Impossible Reparations | • Impossible Austerity |
| • League of Nations | • IMF/ECB/SDR Expansions |
| • Rise of Fascist Leaders | • Rise of Technocrats |
The overall aim of this historical manipulation in my view is to reinforce the progress the elites are making toward a one-world order. Just as in the 20th century, economics are being manipulated to create misery, despair and ultimately further concentrations of elite power. You can see a related article on this issue here: The Technocrat Meme Descends.
The back story to all of this is the incredible aggressiveness with which elite commercial banks lent to Europe's Southern PIGS. This is perhaps the "smoking gun." If one accepts this was a deliberate effort to create first a boom and then a terrible, international bust to bring the PIGS further under control of Brussels, then the rest of the manipulation becomes clearer. It is a kind of economic terrorism aimed at creating a European super state.
Are the top elites capable of such malevolent manipulations? This strategy does not seem without precedent. One could argue that the Versailles Treaty (which determinedly doomed millions to poverty and even starvation) was a deliberate attempt to ensure that certain sociopolitical events took place in Germany, and that Germany, in fact, would turn in an authoritarian direction that would eventually, perhaps, lead to another war.
The end game, it seems to me, is formal world government. It seems on its way to happening, though the Internet Reformation is, as we often mention, proving an obstacle to its progress, in our view. In fact, the elites have taken a great risk in implementing their economic destabilization – if that's what they've done. They risk undermining the very Union they wish to consolidate. That's an article we've already written and will return to on another day.
Anyway, within the context of these larger suppositions, the above chart may prove useful. It shows, I think, how the power elite really tends to work. Those involved repeat the same historical patterns in order to achieve the intended result (consolidation of power).
Of course, those who wish to rebut such arguments will simply claim that the parallels are coincidences. When it is pointed out that modern history is replete with such coincidences, the response will be that what looks suspicious is merely a "mistake."
But there are so many mistakes! Strangely enough, the Yalta Treaty that gave away half of Europe to the Soviet Union was a mistake. The Gulf of Tonkin incident that led to the Vietnam War was also a mistake.
From an economics standpoint, the over-inflating of the New York Fed that led to the Crash of '29 and the subsequent Depression was a mistake. The great mortgage bubble of the 2000s was a mistake. The sovereign debt crisis itself was also a mistake.
EVERY time a mistake is made, the solution seems to involve increased centralization of power at the top, increased global governance, increased authoritarianism.
Here are two other charts we've presented recently. Coincidence or deliberate historical manipulation? You decide.
| Progressive Movement | Occupy Wall Street |
| • Trust Busting | • Breaking Up Big Banks & Big Corporations |
| • Wall Street regulation | • Re-regulating Wall Street |
| • Voting through referendum | • Direct Democracy |
| • Graduated Income Tax | • Making the Rich Pay their "Fair Share" |
| Early 20th Century | Early 21st Century |
| • Central Bank Inflation (Roaring '20s) | • Central Bank Inflation (Housing Bubble) |
| • Depression & Progressive Movement | • Depression & Youth Movements Worldwide |
| • Occupy Washington DC (WW I Veterans) | • Occupy Wall Street (Disaffected Youth) |
| • Reichstag Fire | • 9/11 |
| • Second World War | • War on Terror Escalating to Bigger War |
| • FDR-Like Figure to Provide Leadership | • Obama, who Models Himself on FDR |
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Posted by Bobby7 on 11/30/11 05:48 PM
"We do not endorse violence".
And how the BUCK did you get your independence from the British?
Blowing kisses at one another?
GET REAL!
Are you some kind of masochist?
Do you like the cops beating you with their truncheons?
Reply from The Daily Bell
Ha, how did "Canada" get here? Same place, no revolution. Violence solves little or nothing.
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Posted by Dilence Sogwood on 11/29/11 02:29 PM
I agree with you that there are SIGNIFICANT similarities. I think the Amazon sales ranking of The Road to Serfdom will confirm this.
However, where there is a huge problem for a transition from the Euro to another currency, is the CDS market. The peripherals simply cannot borrow at sustainable rates in Euro denominated bonds. They need their own currencies so they can inflate their way out of their debt.
The CDS market is critical here, because it is a market (smaller than you'd think) that very quickly sets the price on debt. Since the contracts are private, over the counter, synthetic, and offer two-way liquidity (short selling is easy), it becomes very difficult for the governments to control the price of their debt.
There is no amount of QE-style programs that the Eurozone can run to lower the implied rates in the CDS market.
Therefore, if the interest rates are both out of the ECB's control and they are greater than can be sustained, one currency will not work.
Now you know why Angela hates CDS.
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Posted by GrandpaSpeaks on 11/28/11 04:19 PM
Talk about replaying history. I think it important to let people know that comment moderators are now censoring quotations by Thomas Jefferson. Seems to me he hit the nail on the head then. But he was forecasting then what in the mean time has become a reality. Fear of 200 year old comments makes me want to revisit all of them. Almost every quotation made by Jefferson is as applicable today as it was then, maybe more so as he also commented that "A little rebellion is a good thing". Maybe it is not just his economic theories that are being censored even though they have proven right.
Reply from The Daily Bell
We don't censor. But then again, we are not the government.
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Posted by laceja on 11/28/11 11:11 AM
There is one very great upside to a one world government and one world currency. There's only one target to shoot at!
Reply from The Daily Bell
We do not endorse violence.
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Posted by speedygonzales on 11/28/11 06:24 AM
Josh Steeler or Joseph Visarionovich Stalin
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Posted by speedygonzales on 11/28/11 06:20 AM
I like it here about Josh Steeler or ????? ??????. Make sense. It simply explain all crap about Marx/Engels. It was simple Albigesian/Husiite crusade. This also explain Vatican holocaust during WW2 and concentration camp Jasenovac.
Click to view link
Pay attention to this: Religion goes in 2 lines: Northern line lix The Sun so their god was The Sun. Southern line lix The Moon or Black Sun since they watched Adam's family. Allah was moon god and was there long b4 Mohamed. So semites worshipped the Moon. Founder of judasim was actually Cyrus of Persia who allowed hebrews state religion of Persia-Zoroastrism. After showed back in Palestine they must changed few things since Greece and Persia were enemies. It was not judaism as we now today: Phariseism and Saduceism. Phariseism became Islam, Saduceism Judaism. This is how this happen that Abe had 2 sons: Isaak-Judaism and Ishmael-Islam. Both have lost tribes and both use The Moon calendar. Jesus was Nazorean-Essene.
Even they say that Christianity is based on judaism actually is based on pagan religion of north line worshiping The Sun. Actually by this hybrid religion based on pre-Zoroastrian Mithraism from Persia they opressed northern people.
Check this list and count how many northern names you can find there. There is no1 protestant in US supreme court.
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Posted by blindbert on 11/27/11 08:53 PM
"The Prague Cemetery", by Umberto Eco...
Reply from The Daily Bell
Click to view link
The highly anticipated, controversial novel, sold in more than forty countries"" Nineteenth-century Europe--from Turin to Prague to Paris--abounds with the ghastly and the mysterious. Conspiracies rule history. Jesuits plot against Freemasons. Italian republicans strangle priests with their own intestines. French criminals plan bombings by day and celebrate Black Masses at night. Every nation has its own secret service, perpetrating forgeries, plots, and massacres. From the unification of Italy to the Paris Commune to the Dreyfus Affair to "The Protocols of the Elders of Zion," Europe is in tumult and everyone needs a scapegoat. But what if, behind all of these conspiracies both real and imagined, lay one lone man? What if that evil genius created its most infamous document? Eco takes his readers on an unforgettable journey through the underbelly of world-shattering events. Eco at his most exciting, a book immediately hailed as a masterpiece.
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Posted by taxesbyanyothername on 11/27/11 07:31 PM
I certainly agree that collectivism is used by the PE as one of their main weapons. It is useful because only the biggies can effectively lobby both for tax breaks and for direct subsidies, and is the main idea for controlling/brainwashing the masses.
That does not mean that a separate communist conspiracy does not exist, or that they do not have significant influence, outside of the PE, and perhaps even within. Most of the fortunes of the PE are inherited. You can influence what your children think and do but you can't control them.
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Posted by tawny on 11/27/11 03:57 PM
Re 'the Communists' --- collectivism was the ingenious creation of the Anglosphere power elites, so I rather doubt that it in its various morphs poses any great threat to them. Collectivism is the perfect 'suck 'em in' bait to foment class warfare and plausibly justify bigger more powerful government. Collectivism necessitates big, bigger, biggest govt.; history shows big govt. is always oppressive, elitist, corrupt - the direct opposite of the Founders' wise ideal of 'de-clawed govt./strong populace'.
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Posted by Gregor on 11/27/11 12:17 AM
"These themes have to be reinforced by ACTIONS."
Precisely; illusionary news being most effective.
Click to view link
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Posted by Danny B on 11/26/11 09:36 PM
The question du jour is;
Will the impending collapse of the European financial markets lead to consolidation or fragmentation? This vid makes good cause to show that fragmentation must be the eventual result;
Click to view link
Rustici shows good logic but fails in one important facet. JOBS
In the breakup of the U.S.S.R. , many GOV employees went for [up to] years without a paycheck. If the various sovereign states are forced into austerity to save the banks, there will be no money for the public sector.
Also, the resulting shrinkage of the private sector contribution towards GDP will add to the poverty.
Europe seemed to do OK with several currencies. If the common currency is perceived as being the cause of the crash, a NEW common currency will not be well received.
So, while the leaders may trumpet the necessity of changing over to SDRs, the tribal differences and the job competition may make it impossible.
There was a German-language broadcast last night where leaders came out and publicly said that "they" need to get rid of 17 prime ministers and 17 Finance ministers.
One could make the guess that Brussels will print as long as they can find trees. Rustici guessed that this would be the eventual answer. I suspect that the Eurocrats will try to prop up the Euro for as long as possible before they consider the SDR.
I guess that the elites are betting on consolidation. I'm betting on fragmentation.
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Posted by timothyprice on 11/26/11 08:19 PM
... .. the reason governments fail is _not_ because they actually work, and are deliberately being caused to fail in pursuance of some grander design, they fail because markets always beat them in the end.
I think this is a valid statement, but why do intelligent creatures not use intelligence for their collective well being? It it the lack of focus on the bigger picture that has permitted "poor" behavior in the government so that the general laws of physics reveal them to be inadequate.(the market wins)
But with the internet, there is the eventual sharing of knowledge, and the suffering of critical judgement before physical changes/boycotts/bank runs/or Occupations happen. The process of public discussion, then action, reaction.. process comes very close to the arrival of a central nervous system that can make informed decisions by the public reactions. It is no longer government, market... .. it is market, government, people. The elite have no special place in this scenario. With a free internet (maybe eventually other free media) and social networking, nearly instant events can take place... . with little funding.. or red tape. This is really efficient.
James Miller in his book, The General Theory of LIving Systems, makes the point that a revolution does not require the overthrow of anything. All that happens is something comes along that serves the needed function more satisfactorily, and the old system fades. Is there any other solution than to adjust the creature from Jekyll Island to include a noble brain?
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Posted by taxesbyanyothername on 11/26/11 07:59 PM
I think you are right about the big money co-opting other conspiracies, communist, envrionmental, Etc. But of course the communists are doing the same thing.
Do you assert that the big money has nearly complete control of the communists?
Their manipulation of most Islamic groups seems to be, at best, intermittently effective.
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Posted by ktebedo@gmail.com on 11/26/11 07:56 PM
Fascinating comparison tables from Mr. Wile. I think that some of the comparisons are a bit of a stretch e.g. the German leader's obvious despicable crimes against humanity compared to the PIGS. But, overall the comparisons give food for considerable thought. If the power elites were all powerful I do believe we would have a one world government right now. But, even they are subject to incontrovertible truth -- whether in biology, economics or sociology.
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Posted by davidbruce on 11/26/11 07:48 PM
Don't want a solution, just want to complain.
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Posted by davidbruce on 11/26/11 07:47 PM
As I guessed, no one wants a solution, just want to live in the problem and b--ch.
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Posted by onebornfree on 11/26/11 07:11 PM
DB: "Increasingly, we think the elites are planning and creating economic chaos in order to do what they've done before - implement authoritarian solutions as result. Out of chaos ... order."
What Works- Governments, or Markets?
Anthony, I thought you were anti-government [or, at the least pro much smaller government], but once again you are [ inadvertently?] making a pro-government argument here .
If "elites" etc .really can manipulate governments through carefully designed legislation etc., to purposely fail in their stated objectives in order to ensure the greater objective of one world government, doesn't this imply that governments actually can work?[It's just the "wrong" people in charge pursuing the wrong objective - {one world government} ?]
Surely, if that were the case [governments really _do_ work, we just need them to be run by the "right" people without the dreaded one world agenda], then there really can be no argument against them doing _anything_ , surely. If they really work that well what point is there in restricting them at all, why shouldn't they run the whole show, if they are that good?
I think you will find that if you take the time to go back and carefully, thoroughly, review the fundamental principles of human action [i.e methodological individualism], you will eventually conclude that the reasons all governments repeatedly fail is not by some grand design by super elites in pursuit of one world government, but simply because all governments at their core are fundamental enemies of all natural and non-surmountable, market processes, and as such, whatever laws governments pass, whomever runs them, and to whatever grand design they aspire, ultimately they all must lose, as the market [the final sum of human choice at any point in time] constantly, eventually reasserts itself, often in drastic and unforeseen ways [by most of the governments cheerleaders at least].
No Mr Wile, the reason governments fail is _not_ because they actually work, and are deliberately being caused to fail in pursuance of some grander design, they fail because markets always beat them in the end.
Rest assured, if, because of the previous, inevitable [market corrected] failures by individual governments, one world government becomes an actual reality, we can look forward to a very drastic reassertion of reality via the same market processes, because in the end , government [as a supposedly socially beneficial institution] cannot work, by hook or by crook, the market _always_ wins out.
In a sense, because most people refuse to learn from their mistakes, and are doomed to endlessly repeat the same actions, one world government _is_ an inevitability, simply because governments always fail, but _not_ because they are being made to fail on purpose by any super cunning "elite" . These people are just a bunch of bozos who refuse to learn, and are hence doomed to endlessly repeat "the same old same old", as far as I can see.
Governments never work, the market always does - that is something that I find myself surprised to be telling you. Regards, onebornfree.Click to view link
Reply from The Daily Bell
Elites manipulate markets. That's what they do. The editorial doesn't make a case that these manipulations WORK, (or not as planned) merely that they're being tried as they have been before.
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Posted by nervo on 11/26/11 07:07 PM
This is all well & good, but look a little more recently at the nefarious (and murderous) implementation of "free market" ideology in the "3rd" world by the disciples of Friedman the "Chicago Boys" - and their political dopplegangers - Kissinger, Nixon, Cia, et al, in Chile, Uruguay, Paraguay, Brazil, Argentina, Indonesia, Russia.
The same forces are at work through these avenues too. But then, you can go back to the manipulations of Morgan and the rest at the turn of the century to drive the economy to the same brink it's on now, and justify the creation of the FED and the hijacking of the money supply.
Your take is too historically short and politically myopic. 1984 is - and has been since before 1932 - coming through the unregulated corporate sector, which has stolen control of the media, the money supply, and the political process and co-opted what little was left of the illusion of democracy in the United Snakes.
The Rethugnicans are, to a man, the willing sluts of the corporatocracy. There are, at least, a few Dumbocrats and Independents fighting against these malevolent fools - and you pretend they (the Fools) don't exist at your peril.
Reply from The Daily Bell
What is it you don't understand about an Anglosphere power elite and central banking? Really, in this Age of the Internet, it takes someone being almost willfully blind not to realize that your "Dumbocrats" and "Rethugnicans" are merely errand boys for a far more powerful elite. We can recommend some books for you if you're willing to read. You can start with the Creature From Jekyll Island, and then we recommend Wile's High Alert as well.
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Posted by taxesbyanyothername on 11/26/11 06:29 PM
In many ways similar to the Latin American debt crisis of the early 80s. Bankers with more money than they knew what to do with fueling their greed. Politicians, mostly socialist, with more credit than morality.
The IMF proposing solutions that can not possibly work.
Politicians and economists in other places predicting the end of the world if we let the banks take their losses.
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Posted by johnblenkins on 11/26/11 05:58 PM
Very good and as close to the mark as I've read.
Mirrors much of what has been discussed on this astute site.
I can see as plain as day this master conspiracy to enslave. The manipulations of the MSM,OWS, Anonymous, and other slick elite orchestrated psyco-ops. Are there to welcome The NWO. Regardless of how genuine the vast majority of street protesters are we are being led to slaughter.
TPTB relies on many of us fighting each other to do their dirty work. As we increasingly will do as austerity leads to complete financial meltdown. Keep your head down as this shakes out, prepare with as many tangible to hand assets as you can and above all try to not use the corrupt system. Why pay the B******S to imprison you.
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