[Note - Part One of this article can be found on RMN here:
https://www.rumormillnews.com/cgi-bin/forum.cgi?read=225632 ]
By Tom Luongo - July 11, 2023
Last week I published my thoughts on what was happening in France from a great power rivalry perspective. The infighting between factions and who represents whom is now just as chaotic and temporary as the situation on the ground in places where there is obvious conflict, like Ukraine.
The protests in France are the culmination of many of these factors coming together, some of which I went into.
I left you hanging with the following thought:
… Nothing less than the fate of a 300 year project for world government hangs in the balance. Everyone of these horrific factions wants to rule the world but none of them have the means by themselves to pull it off. So, watching them maneuver each other into the line of fire would be hilarious if the stakes weren’t so freaking high for the rest of us.
That’s a big statement to make but this has been the overriding theme of this blog and all of my work for nearly ten years. It’s been as much of a journey of discovery for me as any of my readers.
And the questions hanging in the air as the NATO Summit goes on in Vilnius center around just who is pushing who forward into war? Macron in France has assumed near dictatorial powers and yet the potential threat of collapse of his government rises daily.
Since that article we’ve had our second major European government in as many months collapse. First it was Pedro Sanchez’s cobbled together coalition government in Spain, where he called for snap elections (scheduled for next month) after the center-right swept into power regionally.
Over the weekend it was key World Economic Forum leader Mark Rutte’s government in the Netherlands that fell over a failure to come together on new migrant policy. As the WEF pushed the Dutch farmers into open revolt against Rutte through land seizure and onerous regulations on nitrogen usage, the farmers organized themselves into a political party who gained so much support so quickly that it brought down Rutte.
Rutte announced he will not be standing for re-election in the subsequent elections. The revolt in the Netherlands is nearly complete at the national level. The last poll taken in the Netherlands had BBB, the farmers party, winning. Note, however, this poll is now nearly a month old.
But even with this change, there is no consensus in the Netherlands. The electorate is split along more than a dozen parties. A ruling coalition has to come up with 76 seats to form a government. Unless current polling shifts significantly between now and the election, getting a fully Anti-WEF coalition running the country is of low probability.
The most likely outcome will be no government in the Netherlands for months as WEF-aligned parties hold their breath and refuse to ally with anyone they deem ‘unworthy.’ And if a coalition does come together it will be hobbled by traitors and backbiting, cf. Italy for the past decade.
And I haven’t even gone into the opposition that government, if it formed, would run into from the apparatchiks in Brussels, who will come down hard on them enforcing any new EU directives that come out of the pie-hole of the EU Commission.
Just ask Viktor Orban in Hungary, for example.
The Netherlands is part of the story of revolt against the planned putsch towards global government by Davos and those adjacent to them. Look at the polling surge for Alternative for Germany (AfD) in places where the center-right has never dominated. AfD is no longer just a former East Germany phenomenon. It’s now an anti-SPD, anti-Green, pro-humanity movement across Germany.
Ultimately, however, there’s still a lot of inertia at every level of society to overcome before real change can be effected, especially in Europe where there isn’t real Federalism within the EU like there is in the US.
It’s a double pit the people have to crawl out of, unless there is something brewing to destroy the EU at the same time this populist movement is gaining momentum.
Mr. Market Tear Down This Wall
Because that inertia is so strong, it’s why I keep my eye on the shifts occurring in the capital markets and the factionalization happening at the central bank level.
On the eve of the major NATO Summit in Vilnius shifting to see if the capital markets are, as Martin Armstrong would put it, sniffing out the future with subtle capital flows seems prudent.
This is why I broke this up into two parts, because as I was writing part I the price action in the sovereign debt and commodity markets were doing just that.
For two years since I first toyed with the idea that FOMC Chair Jerome Powell began ‘stealth tightening’ of US monetary policy, I’ve watched for signs that capital was preferentially flowing into the US at the expense of Europe.
The main indicator for me has been . . .
[SNIP]
