Generational Dynamics: Forecasting America's Destiny Generational
 Forecasting America's Destiny ... and the World's


Generational Dynamics Web Log for 1-Aug-2013
1-Aug-13 World View -- Egypt's government demands end to pro-Morsi rallies

Web Log - August, 2013

1-Aug-13 World View -- Egypt's government demands end to pro-Morsi rallies

Bank Of England helped Hitler loot Czechoslovakia's gold

This morning's key headlines from

Bank Of England helped Hitler loot Czechoslovakia's gold

Hjalmar Schacht (left), Hitler's finance minister, with his close friend Montagu Norman, Governor of the Bank of England (Getty)
Hjalmar Schacht (left), Hitler's finance minister, with his close friend Montagu Norman, Governor of the Bank of England (Getty)

After Adolf Hitler's Nazis invaded Czechoslovakia in 1939, the Bank of England helped Hitler's war machine by transferring gold valued at $1 billion in today's prices from Czechoslovakia's account to Germany's account, in cooperation with the Bank of International Settlements. So Britain not only appeased Hitler's Lebensraum territory grabs, but also the Bank of England continued the appeasement by helping Hitler loot Czechoslovakia's gold assets. These details came out on Wednesday when the Bank of England posted 50 year old documents on the history of the BoE prior to WW II. This story illustrates how much corruption occurs during a generational Crisis era. I'll leave it to you, Dear Reader, to reach your own conclusions about Washington in today's generational Crisis era. Telegraph (London) and Bank of England (PDF)

Opposition to Greece's bailout grows as 11 billion euro is revealed

A new report by the International Monetary Fund (IMF) says that Greece's second bailout will have a funding shortfall of €11 billion over the next two years. This will not be surprising to any long time readers, inasmuch as I've been explaining for over two years why these bailouts will fail with 100% certainty for generational reasons. Nonetheless, it's amazing how credulous so many people are in the face of repeated lies and backdowns by eurozone officials, highlighted by Jean-Claude Jüncker, former chairman of the Eurogroup finance ministers, who said when caught in one of these numerous lies, "When it becomes serious, you have to lie."

But now opposition is growing to further bailouts of Greece. Germany's public has been getting increasingly skeptical, and with her reelection campaign coming up, chancellor Angela Merkel is being very cautious about what she says. But now Brazil, whose representative to the IMF is one of its 24 board members, is openly starting to object. Paulo Nogueira Batista abstained from approving the latest bailout payment, and says that Greece's implementation of austerity measures — conditions of its bailout — has been "unsatisfactory in almost all areas" and assumptions about growth and debt sustainability "continue to be over-optimistic." Kathimerini (Athens) and CNN and AP and IMF (PDF)

Egypt's government demands end to pro-Morsi rallies

Despite calls by the government for pro-Morsi Muslim Brotherhood demonstrators to end their protests, activists have continued their rallies, and are calling for a new major rally once again after midday Friday prayers. But now the interim government has ordered the interior ministry to end the protests. According to Wednesday's statement from the cabinet:

"Based on the mandate given by the people to the state, and in preservation of the country's higher interest, the cabinet has delegated the interior ministry to proceed with all legal measures to confront acts of terrorism and road-blocking.

The cabinet has reviewed the country's security situation and has concluded that the dangerous situation in Rabaa and Nahda Squares, including the terrorist acts and road-blocking that has occurred, is no longer acceptable as it constitutes a threat to the country's national security."

Hundreds of protesters, mostly from the Muslim Brotherhood, have already been killed since the ouster of Mohamed Morsi from the presidency on July 3. Some reports indicate that Egyptian public opinion is getting fed up with these Brotherhood protests, and that with the deaths they're "getting what they deserve." Wednesday's announcement threatens new clashes and violence, especially on Friday. al-Ahram (Cairo)

Afghanistan headed for India vs Pakistan proxy war

Since last month's Afghanistan peace talks collapsed within one day after they were announced with great fanfare by U.S. Secretary of State John Kerry, Pakistan and India are considering their options as American troops withdraw. During the 1980s Soviet war in Afghanistan, Pakistan sided with the group that later became the Taliban, and India sided with a different anti-Soviet group. Since the 9/11/2001 terrorist attack on American soil, American has pressured India to reduce its role in Afghanistan, while Pakistan has continued support for some parts of the Taliban. After America withdraws, India will have the choice of seeing Afghanistan become a vassal state of Pakistan, or get re-involved with Afghanistan, risking a proxy war. Global Post

(Comments: For reader comments, questions and discussion, see the 1-Aug-13 World View -- Egypt's government demands end to pro-Morsi rallies thread of the Generational Dynamics forum. Comments may be posted anonymously.) (1-Aug-2013) Permanent Link
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