European Union [EU], International Monetary Fund [IMF], Cyprus and Russian Gold, Et Cetera

The Fall of the House of Europe
By Pepe Escobar

atimes.com/PepeEscobarTheRovingEye<Click

 

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 The Enchanters came / Cold and old,
Making day gray / And the age of gold
Passed away, / For men fell
Under their spell, / Were doomed to gloom.
Joy fled, / There came instead,
Grief, unbelief, / Lies, sighs,
Lust, mistrust, / Guile, bile,
Hearts grew unkind, / Minds blind,
Glum and numb, / Without hope or scope.
There was hate between states,
A life of strife, / Gaols and wails,
Dont's, wont's, / Chants, shants,
No face with grace, / None glad, all sad.
W H Auden, The Golden Age

The Fall of the House of Europe might turn into a horror story beyond anything imagined by Poe - displaying elements of (already visible) fascism, neo-Dickensian worker exploitation and a wide-ranging social, civil war. In this context, the slow reconstruction of a socially based Europe may become no more than a pipe dream.

What would Dante make of it? The great Roberto Benigni, a native of Tuscany, is currently reading and commenting on in depth 12 cantos - from the XI to the XXII - in Dante's Inferno, a highlight of the Divine Comedy. Spellbound, I watched it on RAI - the square in front of the fabulous Santa Croce church in Florence packed to the rafters, the cosmic perfection of the Maestro's words making sense of it all.
 
If only his spirit would enlighten Inferno dwellers from Monti to Merkel, from Silvio to European Central bankers - aligning Man once again with the stars and showing troubled Europe the way.
 
Pepe Escobar is the author of Globalization: How the Globalized World is Dissolving into Liquid War (Nimble Books, 2007), Red Zone Blues: a snapshot of Baghdad during the surge (Nimble Books, 2007), and Obama does Globalistan (Nimble Books, 2009).  He may be reached at pepeasia@yahoo.com.

Today legendary trader Jim Sinclair told King World News we have just witnessed one of the most important events in history and it will have a major impact on the gold market.  Sinclair, who’s father was business partners with legendary trader Jesse Livermore, had this to say in this extraordinary and exclusive KWN interview:

“The wire reports on the Cyprus situation are working overtime to try to make the case that 80% of the deposits belong to the people of Cyprus, and only 20% of the deposits belong to the Russians.  That’s absolutely false.  After 1985, when the ‘Robber Barrons’ of Russia took over the general economics of Russia, that was the transformation from the KGB to private business.  The primary place for exported Russian funds was Cyprus. 

Now, there is one leader in the world that would be very dangerous to challenge and that is Putin of Russia....

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