This week the mandarins of the EU came together to strike a deal on the next generation or however you call bludgeoning the future of the people to come. They call it EUNextGeneration and they tank somewhere between 750 billion EUR and 1.8 trillion EUR mostly for the sake of CO2 reduction. At least when they get away with it.
They call it the ‘Hamilton Moment.’ And indeed this is the nature of the deal which is nothing short of the creation of a nation. But unlike Alexander Hamilton’s vision of a republic, it is not designed to be a free society in which everybody, no matter who he is, can organise a majority for the things that are dear to his heart. The Eurocrats only assume fiscal power to assume power. People are just a pesky disturbance in their brave new world which makes sure your soylent green is both soy and green. Nothing is openly discussed. The citizen is presented with the facts after the facts. I also happened to find out that I have actually got a citizenship I did not even know I had.
Big things are moving fast right now. Merkel already announced a big transformation (great transformation, grand transformation) at her speech at the last international economics summit in Davos. She wants to abolish our way of living that ‘we got used to in the industrial age.’ On a different occasion Christine Lagarde, head of our central bank ECB, said she is willing to buy bonds from environmental corporations. Up to now the ECB adheres to market neutrality and does not privilege one business over the other. But the EU has already compiled a “green list” of financial products from green companies. It is a matter of time until the central bankers will cave and find a market where they can’t see one now. Why this is undermining the currency is explained in the video.