EURO-OLIGARCHS’ SLASH FUNDS AWASH AMID EU’S BANKRUPTCY

Erle Frayne D. Argonza

Good evening from the Philippine suburbs!

I wish Europeans could find sufficient reason to brighten themselves up these days. Maybe the northern Europeans can still find some reason to smile in the light of welfare state graces still flowing to their pockets, while those of southern Europe’s are grilling in the heat of a continent burning in economic firestorm.

Europe is rapidly going down the route of bankruptcy as shown by the panic behavior of its Brussels-based central bank as well as the respective member-states’ own central banks. Whatever the serial bankruptcy could forebode, the Europeans better prepare for the worst scenario.

Economic intelligence updates report that only the IMF and USA are infusing some fresh monies unto the European coffers. The problem is that the IMF is itself running out of funds soon, and so it may decide to   probably print money that it just puzzlingly couldn’t securitize enough (does IMF possess gold bullions to back up those monies in case?).

As to the USA providing fresh cash to Europe, we concerned observers are simply befuddled about. The USA was bankrupt even before Obama became president, a fact that amplifies our own confusion about where does the USA source such funds and how will it securitize them in case of its aiding of a burning Europe.

It seems that coteries of Nero officials were designated as chief execs and technocrats in the entire continent plus the UK & Ireland, Neros who fiddled in their palatial roofs while their respective countries burned. I wish the likes of Brown, Merker, Sarkozy, and Barroso could convince me that they are not some Nero clones who collectively did burn their own continent at the behest of the financiers. [Cameron replaced Brown recently, performing a “too late the hero” act.]

Now, just to remind the readers more so the Europeans, around a couple of years back, when the USA was in the midst of its ‘great recession’, the greedy Anglo-European financiers reportedly stashed a staggering $3 Trillions worth of slash funds in the big financial houses of the continent itself. That was then, it’s now 2010 and the slash funds may have grown to at least 33% its original size.

A very suspicious act for sure, as it reveals a highly privileged class that operates outside the ambit of established rules in the continent. Just exactly what are those funds intended for, we can only speculate. The greedy financiers know about a coming turbulence that will engulf the entire trans-Atlantic economies most likely, and they were preparing for the worst scenario.

The worst scenario is now taking shape, the scenario of total bankruptcy and the Eurozone’s economic roof collapsing. The Jurassic bank IMF was already called upon to intervene with emergency measures for central banks to stash hundreds of billions of euros to salve ailing banks, while it imposed austerity measures on heavily affected countries such as Greece.

To say that the financiers are but passive observers of events would be over-stretching naïve posturing bordering torpor. The greedy financiers led by the House of Rothschild and its subordinate subalterns (Soros & cronies) have been orchestrating the events in the continent, even as they were responsible for directing the pliant IMF to enter the scene in order to hasten anarchy and economic collapse.

Europe’s member states could all but wish for some more industries that could be sold to the financiers who wait in the wings for more bankrupt companies to be sold at cheap dirt prices. Europe has already been effectively de-industrialized across the decades via virtual economy policies of deregulation, privatization, and liberalization, so there isn’t much an industry left for such a purpose.

Maybe the last frontier of Europe to generate money is to sell all of its major infrastructures—freeways & roads, bridges, levees, wharves, airports/runways, railways—to the financiers via their agents. Netherlands’ flood control infrastructures, for instance, would surely be cause for salivation by the same greedy moneybags which they can perhaps maneuver to buy at rummage sale.

Concerned Europeans themselves should keep watch over the reports filtering to the OECD and Bank for International Settlements about the country performance of EU’s member states. Panic and desperation, at a given juncture, is sufficient cause to pad data, rendering such central institutions as unreliable and suspect. When an economic house burns, a central bank would casually resort to lying such as our own central bank in the Philippines did during the depression years of ‘84-‘86.

Likewise should the Europeans, more so the working class, better keep track of oligarchic slash funds being stashed surreptitiously in their own backyard. Such funds should be allowed to surface and be applied with transparency rules to know what they are intended for.

[Philippines, 31 July 2010]

[See: IKONOKLAST: http://erleargonza.blogspot.com,

UNLADTAU: https://unladtau.wordpress.com,

COSMICBUHAY: http://cosmicbuhay.blogspot.com,

BRIGHTWORLD: http://erlefraynebrightworld.wordpress.com, ARTBLOG: http://erleargonza.wordpress.com,

ARGONZAPOEM: http://argonzapoem.blogspot.com]

RELIGION AS LEGITIMATION OF GREED

Erle Frayne Argonza

Is religion a truly reformed institution as what its leaders have been claiming? After Vatican II and all those post-Vatican II doctrines that were elicited from this grand reform movement, has the Catholic Church been truly reformed?

Writing to his friend Dr. Blumentritt in 1890, Jose Rizal, top patriot of the nationalist movement, explicated:

I wished to hit the friars but as the friars utilize religion not only as a shield but also as a weapon, a protection, castle, fortress, cuirass, etc., I was forced to attack their false and superstitious religion, to fight the enemy that hid behind it! If the Trojans had placed a grand Pallas Athena over their fortress and from there had fought against the Greeks with their arrows and their arms, I believe that the Greeks would have also attacked Pallas Athena. God ought not be utilized as a shield and protector of abuses, and less to use religion for such purpose. If the friars really have more respect for their religion, they would not use so often its sacred name and would not expose it to the dangerous situations. What is happening in the Philippines is horrible. They abuse the name of religion for a few pesos. They hawk religion to enrich their treasuries. Religion to seduce the innocent young woman! Religion to get rid of an enemy! Religion to perturb the peace of marriage and the family, if not to dishonor the wife! Why should I not combat this religion with all my strength when it is the primary cause of all our sufferings and tears? The responsibility falls on those who abuse the name of religion! Christ did the same to the religion of his country, to the Pharisees who had abused so much! [Letter to Blumentritt, Paris 20 January 1890. Epistolario Rizalino, V, Part II, No. 85, p. 528.]

Tell me, anyone out there, fellows of the Planet, a clear 118 years after Rizal exposed those abuses of the clergy, whether religion had been truly reformed since then. Articulate to me those liberative pursuits of the churches that have indeed resulted to many souls attaining the awakening of the nirvanic bodies or souls that finally qualify them to enter the spiritual dimensions and never to come back here.

Do make your own assessments and evaluations of the true efficacy of church philosophies and practices, whether they indeed succeed or that they are mere legitimations for the greed and lust for power of a few men in the cassocks.

And by Church here, we no longer refer just to some local churches here in Manila, but rather the whole Church with a capital C as s social institution. Globalization has brought with it the globalization of crimes, and necessarily the globalization of greed. Amen. Aum.

[Writ 13 June 2008, Quezon City, Manila]