“It’s Not A War Crime” – EU Finance Chief Attempts To Defend His “Women & Booze” Outburst

The head of eurozone finance chiefs has hit back following his recent comments on troubled European countries, telling the media “it looks like I committed a war crime.” He insists that all he wanted to express was the idea that “solidarity is not charity.”

At the end of March, Jeroen Dijsselbloem had said that “I cannot spend all my money on liquor and women and then ask for your support,” referring to certain European nations asking for bailouts.

And now, as RT reports, in comments published on Monday by De Volkskrant newspaper, the departing Dutch finance minister attempted to clarify his remarks, explaining that “fatigue may have played a role” in the wording of his initial comments as “it was three days after the [Dutch] election.”

The official also said that the backlash he received was just “anger at eight years of crisis policy” sweeping the EU.

“I would have rephrased it otherwise, probably. But it was my way of making clear that solidarity is not charity,” the official told the newspaper.

Dijsselbloem’s initial comments had sparked a wave of outrage from numerous European politicians, as well as the public.

In the latest interview, Dijsselbloem rejected the calls for his resignation, and urged the EU to pay more attention to real issues that the union is facing.

"It's sad that we put so much time and energy into an interview while Greece is slipping into a new crisis," Dijsselbloem said to De Volkskrant.

 

"[It’s] really annoying that so many people were so offended and angry. But the parliamentarians are trying to push me into a corner, as if I claimed that all Southern Europeans are big spenders. Nonsense!" he added.

 

The Preston model: UK takes lessons in recovery from rust-belt Cleveland

As councils struggle with cuts, one Lancashire city adapted a pioneering grassroots approach from America to tackling inequality and keeping profits local

Ted Howard looks out on a group of people drinking tea from styrofoam cups at Preston town hall on a Monday afternoon in March. The social entrepreneur and author from Cleveland, Ohio, is the special guest at the city’s monthly social forum. “What’s happening in this community is historic – it blows my mind,” he tells the city councillors and local business owners. “We’re working out how to build an inclusive economy.”

Howard’s infectious enthusiasm has made him the de facto spokesperson for “community wealth building”, a way of tackling inequality by ensuring the economic development of a place is shared more equally among its residents.

[Preston is] creating an ecosystem of change that will be the engine for a new, fairer economy

The inclusive economy’s time has come

Related: The radical model fighting the housing crisis: property prices based on income

Continue reading…

Mac Slavo Warns Prepare For War: “It’s Going To Obliterate The Global Financial System…”

Authored by Mac Slavo via SHTFplan.com,

You know what’s so tragic about America? Despite all of the wars our nation gets involved in, we’re secretly one of the most peaceful cultures on the planet. We voted for George Bush, because he promised us a non-interventionist foreign policy. We voted for Obama, because he promised to bring the troops home from Iraq and Afghanistan. We voted for Trump, because he promised to end the nation building policies of his predecessor.

And that’s the real tragedy. We’ve been voting for peace for nearly 20 years now, and all we get is war.

That should really tell you something. It should tell you that our system doesn’t care about what the president stands for, or what the voters want. The system is never held accountable for anything, so there is nothing stopping it. One way or another, the deep state always gets its way. So if our government wants a war, then you can bet that we’re going to war.

That was made abundantly clear last week when President Trump ordered the bombing of an air base in Syria. The attack was so provocative, that the Kremlin went so far as to say that the US is now “only one step from war” with Russia. The man who was supposed to buck the system and drain the swamp; the man who promised to restore our relationship with Russia and pull back from brinkmanship, seems to have finally submitted to the warmongers in our government. The deep state’s plan to drag us into a horrible conflagration was only temporarily derailed by Trump, and now it appears that their plans are back on track.

But there’s a silver lining in all of this. Once you know that war is inevitable, and you accept that fact, you can have a pretty good idea of what’s going to happen next. You can finally take steps to prepare for it.

syria-tomahawk-attack1

As for what to expect next, you can bet the farm that our economy is not going to survive the next major war, especially if it involves a conflict with Russia or China. Even if this war doesn’t turn into a nuclear slugfest, it’s going to obliterate the global economy and financial system.

For years Russia and China have been building an alternative to the dollar dominated financial system. They’ve built the BRICS financial bloc, they’ve been stocking up on gold, and they’ve been establishing trade agreements that don’t involve the dollar. When war breaks out, there’s going to be another system waiting in the wings to replace the dollar, which has been the world’s reserve currency for decades. The war will motivate China, Russia, and their allies, to pull the rug out from under the current economic paradigm.

Obviously that’s going to significantly weaken the value of the dollar, but it will be just the beginning. The cost of fighting this war will be astronomical. To give you an idea of how costly it will be, World War Two pushed our nation into the highest debt to GDP ratio that we’ve ever been in; a level we haven’t come close to again until very recently. Think about that. We have almost the same debt to GDP ratio as we had when we fought the most expensive and destructive war in our history. As the Wealth Research Group has already pointed out, the dollar is practically on life support. Our government is buried in debt and practically broke as it is, and the cost of fighting another world war would put us over the edge. We’d be bankrupt in no time at all.

When you consider all of this, one thing is absolutely clear. If Trump drags us into another major war, regardless of whether or not it is global in scope, the dollar is going to crash. It may not even survive in its current form. And when that happens, people are going to flee toward safe haven assets. You can rest assured that gold is going to make a comeback, the likes of which none of us have seen in our lifetimes.

The heavy hitters in the investment community have been predicting a dramatic change in the gold market for some time now. And unlike the general public, they weren’t persuaded into thinking that someone like Trump was going to save our country from collapse. For instance, Doug Casey of Casey Research; perhaps one of the most well-respected economic prognosticators, told Future Money Trends the following:

The one thing I feel very confident of is we’re going to have financial chaos in years to come and that’s going to drive people into gold and to a lesser degree into silver.

 

 

There’s absolutely  no reason from  fundamental point of view for bonds and stocks to be as high as they are right now… We’re in for a huge political, financial, demographic and military upset… these people might start World War III or seem like they’re trying to with the Russians… It’s a very dangerous situation.

He said that back in December, after Trump was elected but before he took office. Though he was optimistic about Trump, he clearly wasn’t convinced that he’d be able to prevent an economic collapse. Neither was Amir Adnani, the CEO of GoldMining Inc. Without even considering the possibility of war, he predicted that Trump’s policies would lead to a gold market rally.

So this is really an exceptional window and opportunity for us. We built a war chest with over $21 million of cash on hand, the very large resource base that we have, and that serves as a key point of drawing more companies to us who want to be part of the platform that we’re building. So this is a very interesting window for us; I believe this is a temporary window as well, because there’s no doubt in my mind that the policies of President Trump will prove to be very inflationary. And these very inflationary policies will drive real interest rates into the negative territory, and I really do believe that the stage is set for higher gold prices, but of course, these things take time to develop and manifest themselves.

But when you add war to the mix, it’s obvious that the dollar isn’t going to be able to maintain its current value. Our financial system is both fragile and under enormous pressure. It was already headed toward collapse, and the costs associated with another major war are going to expedite that process. When it happens, only the folks with real assets will be above water. Assets like land, weapons, food, and of course gold, will be the only things separating the haves from the have nots.