The European Union has been following an economic plan of sorts for quite some time. It’s a curious plan, based on a curious policy. This policy has effectively removed the foundations of its economies, and can only lead to increased poverty and social unrest. Germany, being the leading economy of the EU, is trailblazing this policy with resounding success. German industrial enterprises have all of a sudden become uncompetitive because of Germany’s and the EU’s energy policy and a surreal regulatory framework. They are going bankrupt, moving out of the EU, or thinking about moving out of the EU.
The latest economic refugee is Volkswagen, which recently declared that they were considering closing shop in Germany. Poverty and persecution often create refugee crises, and German companies are now heading for the refugee boats. Perhaps India will take them in. They might need a car manufacturing company. Volkswagen automobiles aren’t as bad as people say, except the EVs.
This situation has started to cause worries. Mario Draghi, the former president of the European Central Bank, the former Prime Minister of Italy, and former economic enforcer for the European Commission, just released a report on the competitiveness of the EU economy, which is not good at the moment. Draghi suggests that the EU must ‘invest’ (spend) nearly a trillion dollars annually to achieve economic competitiveness. This money, which neither the EU nor EU countries have, will then somehow translate directly into competitiveness. To give you an idea of the panic I’m going to quote Zerohedge on the content of the report (emphasis is mine):
Draghi urged Europe to "develop its advanced technologies" (unclear what those are: maybe cultural appropriation from integrating 10 million Muslim immigrants in the past decade), create a plan to meet its climate targets and boost defense and security of critical raw materials, labeling the task “an existential challenge” because "if Europe cannot become more productive, we will be forced to choose. We will not be able to become, at once, a leader in new technologies, a beacon of climate responsibility and an independent player on the world stage. We will not be able to finance our social model. We will have to scale back some, if not all, of our ambitions."
The ‘social model’ Draghi mentions here is what this is all about. The EU has a social ‘plan,’ which is actually a social-engineering plan, which it has been working on for the last 30 years or more. This plan involves the millions of immigrants Zerohedge mentioned, the Great Reset, and the reformatting of the lives of every person under EU rule on the European continent. This social-engineering plan is all that matters to the EU.
It is important to understand that the EU’s economic policy is subordinate to its social plan. The social plan demands certain changes to the economic format in the EU – mostly toward more central control. You cannot have economic freedom in an area where the plan is for little or no social or individual freedom. That simply will not work. Moreover, the social freedoms allowed must be synchronized with the economic freedoms.
That’s not all though. The EU authorities have realized that economic activities and policies can be used to clamp down on individual freedoms and to reformat the structure of society. They can, through various rationalizations, be used to control what and how much you consume, how much and in what way you travel, how much you get paid or if you get paid at all, in what kind of house or apartment you live, and so on. In other words, the economic activities of the EU area have become a social control tool for the European Commission. This explains the ESG control-matrix the EU intends to have in place by 2028.
Now there is a problem. This social plan costs a lot of money. Up until now, the EU has financed it with taxes and debt. Since the 2008 economic crash, debt has become a greater and greater source of financing for the plan. The EU economies simply can’t keep up with the demands of the social plan. There are hundreds of expensive institutions full of bureaucrats and they cost money. The ten million immigrants in the past decade cost a lot of money. And now the EU is at war, and that costs a lot of money. Destroying a society is cheap, but it you want to do it in a particular way, it’s very expensive.
The reason for Draghi’s panic is not really the fact that the EU economies can’t finance the plan. The most urgent reason is that the EU is running out of room to create more debt. Every single financial institution is loaded to the gills with debt, and many of them are far beyond technical bankruptcy. The EU Central Bank is technically bankrupt, and so is the Bundesbank, as well as Deutsche Bank. A tiny increase in interest rates and the EU will no longer be able to service that debt. At that point all will come crashing down. This is a nightmare scenario for the EU. No more money, no more social-engineering, no more glorious social control. Oppression is cheap, but if you don’t want the people to realize they are being oppressed, it’s very expensive.
Draghi’s Plan to Rescue Europe From Reality (PREFR) requires a lot of money and the plan is to issue common EU/EC bonds presumably underwritten by EU states. This new debt is somehow supposed to slither past all the other debt without adding to it, perhaps with some kind of new collateral behind it. Most likely, the original plan was to use ‘carbon’ as collateral for ‘green bonds,’ but that was in the next 4-6 years. It will be interesting to see what the solution will be, but it will probably, somehow, be dumped straight onto EU member states. Not sure who would buy this debt though, but we’ll see. Draghi probably has a solution which may involve chicken sacrifice, voodoo, and money printing disguised as bond sales.
Let’s look closer at the PREFR plan and examine how it challenges Reality itself. Prepare for maximum confusion.
The PREFR plan: Motivation
Let’s start with what motivates this plan. The EU has been bankrupt for some time so why now? There are three main culprits. Let’s discuss.
The goddamn Europeans
The Euro natives are getting restless as can be seen in recent elections in Europe. Anti-system parties gained in the European ‘Parliament’ elections, the French elections and local elections in Germany. The main reason for this restlessness is the economic situation in Europe. The not-fully brainwashed part of the population that works (or used to work) for a living (in the private sector) is hurting, and they blame the Ukraine war and their leaders. These people have begun to sense what is going on and they are feeling trapped and angry. In Germany, the news of Volkswagen’s possible departure was a major shock.
The EU senses that if something isn’t done about the real economy of EU states, things may spiral out of control. Election fraud and liberal-center alliances against the people only go so far, and the EU is scared of instituting total tyranny just yet. So far, the EU has kept the people docile by falsifying EU economies through debt increases, but since that option is closing, fixing the real economy is the new plan. That must be a bitter pill to swallow.
The goddamn Russians
The EU ruling genius class has made a terrifying discovery: The real economy with all the engineer nerds and dirty neanderthalish industrial workers is important after all. This previously loathed part of the population is now seen as the only possible deliverance from the Russians. Russia is massively outproducing the EU, and in fact the entire West, in war materials. Despite accepted belief to the contrary, war is actually physical and requires industrial production. It’s not just propaganda and killing brown and Slavic people with drones from the comfort of your office.
A dissolving economy in a refugee crisis is therefore a problem. It’s in fact an extremely urgent problem because the Russians are about to break through in the Donbass and head for the Dnieper river. On top of all this, there are rumors that NATO is cooking up contingency plans to expand the war if (when) the Russians get to the Dnieper. That will require more war materials for the next batch of cannon fodder, non-Ukrainian this time. Raw materials must be secured in an environmentally responsible manner for all the weapons and ammunition, and Europe must be reindustrialized IMMEDIATELY using all the people who lost their industrial jobs in the last 30 years. European industrial experts setting up factories in India or the US won’t be of much use for that.
The goddamn Americans
The third problem is the Americans, or at least some of them. Firstly, the American people seem to be more resistant to brainwashing than Europeans. Perhaps it is genetic, with all the natural private-sector people emigrating from Europe back in the day, leaving the natural government employees behind – who knows. These despicable people might possibly elect Trump as president – but only if there’s a majority too great to overcome by election fraud. We’ll see.
The EU fears and loathes Donald Trump and his voters. He is a counter-revolutionary against the Rules Based Order (western rule of the world), much like Vladimir Putin and Josef Stalin. It says a lot about the Rules Based Order when both conservatives and communists can be counter-revolutionaries against the same thing. Anyway, Trump is a threat but what is behind him is an even greater threat.
Some say (this is all rumor and don’t quote me on any of this!!!) that there are four shadowy globalist cliques that rule the world, although their power is being challenged by the Global South and the Russians. The first clique is the European Old Money Colonialist Clique. The second one is the British Empire City of London Clique. The third one is the American Neoliberal/Neoconservative Clique with all its George Soros and Bill Gates types of front men.
These three cliques are said to work together in relative harmony. When they are not eating babies or transitioning from one gender to another, they are busy trying to maintain their grip on the world through their Brussels, Whitehall and White House proxies. They do that through war, color revolutions, assassinations, sanctions, threats, and lies.
The fourth clique is said to be American like the Neoliberal clique, but with a different flavor. It is said to have been allied with the other cliques but drifted apart from them. The fourth clique is extremely powerful with economic interests globally, but it is at heart American. The story is that its members have become annoyed with what they perceive as the de facto takeover of the United States by the other cliques.
This clique is said to have serious assets, which include Elon Musk and various Wall Street financial heavyweights, possibly including Jerome Powell, the Chairman of the Federal Reserve. Also, recent acquisitions are said to be none other than Donald Trump and his VP nominee, J.D. Vance.
It is said that this clique has decided to strike back at the other cliques using mainly two methods: By making Donald Trump president and to sic him on the other cliques; and by seizing control of interest rate policies and general monetary policies for the dollar, and by extension for pretty much the entire world. Both are major threats to the EU. Trump as a president may leave them isolated and alone in facing the Russians, and the ‘wrong’ US monetary policy may cause a bond crisis for the EU – which would crash the entire EU system.
But as I said earlier – don’t quote me on this.
Anyway, these Americans are a major problem for the EU, probably rivalling the Russians. The solution for the EU is therefore more economic autonomy and less dependence on the Americans if the worst-case scenario materializes. The EU real economy must be raised from the dead, bond issuing reconfigured, and resources secured. Globalism must be tuned down a little bit, for a little while.
The PREFR plan: Parallel universes working in harmony
Now back to Draghi’s PREFR plan. The plan has two parallel sets of goals we need to understand. We can call them the ‘Eat the Cake’ goals and the ‘Have the Cake’ goals. This is where things get weird.
‘Have the Cake’ goals
To maintain social spending on immigrants, all the bureaucratic institutions, the war in Ukraine, and all the social programs. Increase in spending will be avoided by slightly clamping down on new immigration. In general there will be no cost-cutting in this key sector for the EU.
The energy policy will remain the same, with energy prices two to four times higher than needed for competitiveness.
The regulatory burden for the economy will increase according to plan. This burden primarily affects the real economy, and will increasingly make it less competitive and less productive.
The ESG control mechanism for the economy will go ahead as planned, disproportionately targeting the ‘dirty’ sectors of the economy, where almost all basic value is created. The cost of capital will be increased disproportionately for that part of the economy in the future.
Conditions placed on foreign suppliers of raw materials will be increased according to plan. Foreign suppliers will have to jump through an increasing number of hoops and will be required to take all kind of measures in their own countries for the privilege of being graciously permitted to sell raw materials to the EU.
Carbon emission goals will be enforced as planned, resulting in continued pressure on the demand for industrial products and related services, and increasing the costs for manufacturing companies. This will increase the flight of industrial companies from Europe.
The destruction of European agriculture will go ahead as planned, creating an economic crisis in a basic sector, and necessitating increase in import of food and animal feed.
This list could be longer but it demonstrates the goals: To maintain spending at current levels while further restricting the value-creating part of the economy.
‘Eat the Cake’ goals
To massively increase the value creation of the real economy while decreasing its energy use.
To massively increase the value creation of the real economy while maintaining or increasing its tax burden.
To increase technological development and creativity of the real economy while at the same time increasing its regulatory restrictions.
To funnel more money to the real economy while specifically targeting it through increased administrative costs and greater cost of capital.
To overturn European technological stagnation, a process requiring trillions and 20 years, in just five years or so. A modest goal.
To massively increase armaments production without affecting the civil part of value creation – i.e. without putting the economy on a war footing – to avoid pissing off the population. Most of the almost trillion a year increase in spending will go there instead of going into civilian technological development projects.
To secure long-term raw material supply from abroad through the increased implementation of hostile conditions, and through threats and arrogance.
To increase spending by nearly a trillion a year without causing a debt crisis.
The list could be longer, but the goals are to further increase spending and debt without causing a crisis, and to create more economic value while increasingly restricting the value-creating part of the economy.
A modest solution
To summarize these goals and Draghi’s plan; the plan is to spend a trillion a year to boost the European economy so the EU can continue with the policies that are destroying the European economy. Let that sink in for a moment.
In order to save the EU economies, they must get rid of the policies that are destroying them. They can’t do that, because that would destroy the EU. The basic purpose of the EU is these policies and their consequent destruction of Europe’s ‘old’ social and economic systems.
What Draghi and the European Commission are planning here are two economic (and social) systems that are completely incompatible, occupying the same space at the same time. This means that the problem the EC and Draghi have is essentially a theoretical-physics problem rather than an economic problem.
Upon realizing this, I gave this some though and I believe I have come up with a solution for the European Commission. In fact, I think I have come up with the only possible solution. I expect to be handsomely rewarded by the EU for my efforts. I think a billion euros would be fair – from Draghi’s new money supply.
To make things easy to understand for the Commission, I will describe my simple and easy solution step-by-step, as clearly as I can.
Draghi should immediately hire a group of physicists from CERN and place them in a war-room style basement under the European Central Bank in Frankfurt. They will need a pipeline of money and they need to be near the source for the sake of efficiency.
The physicists will construct an apparatus which will enable them to copy our entire universe and paste it next to the original one. We will then have two identical parallel universes. This should only take a few months.
After the successful copying of our universe, the physicists will then construct a portal between the two universes. This portal needs to be big enough for large items to pass through, such as cargo ships and military transport aircraft.
The European Commission will then send an economic task force through the portal to the Parallel EU in the other universe. The portal should be constructed close to Brussels to shorten travel distances in both universes.
The task force will set up a command center in Parallel Brussels and establish communications with everyone who matters in the Parallel EU. Everybody will be told to follow orders without question or else.
The task force will then send communications to its minions all over the Parallel EU, instructing them to remove the entire EU regulatory framework immediately and fire everybody involved in it. All institutional entities and programs of the EU are immediately defunded, along with immigrants, and the money is moved into boosting armaments production and technological development. Furthermore, Germany is instructed to restart its nuclear power plants.
The next step is making peace with Parallel Russia and Parallel China and to start importing cheap energy, cheap raw materials, and industrial components. Parallel Ursula von der Leyen is offered up as a sacrifice to placate Parallel Putin.
This results in an invigorated economy and a massive increase in industrial output, including war materials. Parallel European companies, including Parallel Volkswagen, reconsider becoming refugees and instead focus on production in the Fatherland. The Parallel EU is rejuvenated.
As the products start pouring out of the Parallel factories, the EU task force moves them all through the Brussels inter-universe portal to the Original EU, where they are used for the war against Russia.
The Original-universe EU system has been preserved while the Parallel EU is destroyed by carbon, toxic masculinity and freedom.
I suspect this is the only way the EU system can be preserved if the current situation continues, including the Ukraine war. I wish Mr. Draghi the best of luck and remind him to contact me when he has my payment ready.
This is great. Was planning on publishing a piece on the Dragi report but I am not sure I can add amything better than this. The Parallel EU was hilarious stuff.
I suspect the fourth clique (4C) of falling out with the others around 1911 when the plans for the Federal Reserve and WWI were hatched. I think 4C was based primarily in Russia, with a contingent in the US - think about who Russia sided with, in the US Civil War. Hence the Russian Revolution was put into motion, to suppress 4C prior to the end of WWI. It took until the end of the Soviet Union for 4C to recover, and now it's mad.
The plan from the other cliques appears to have been to ransack Russia, in order to steal its resources to fund the EU tyranny as described. They built up Ukraine for this purpose and they honestly thought that Russia was too weak to do anything about it. When Russia did act, they were convinced that sanctions would have it on its knees in weeks. Except they were wrong, and there's no Plan B - never was. Plan A is coming undone and the only answer is magical thinking, the construct of which you've described.
The other tried and tested way out of a mess is war. Declare it, melt away, let the imbeciles kick seven shades of shit out of each other, come back, take over, rebuild and try again. Putin appears to know this, and much to their ire is keeping the escalations sensible. As in they're not getting away this time.