By Patrick J. Buchanan
Prime Minister David Cameron’s decision to veto Germany’s demand for a new European fiscal union will define his premiership.
More than that, Cameron has raised a banner for patriots everywhere fighting to retain their national independence.
With his no vote on fiscal union, Cameron declared to the EU: “British surrenders of sovereignty come to an end here. And Britain will deny Brussels any oversight authority of any national budgets or any right to sanction EU members.”
By Patrick J. Buchanan
Will popular democracy bring down the New World Order?
A fair question. For Western peoples are growing increasingly reluctant to accept the sacrifices that the elites are imposing upon them to preserve that New World Order.
Political support for TARP, to rescue the financial system after the Lehman Brothers collapse, is being held against any Republican candidate who backed it. Germans and Northern Europeans are balking at any more bailouts of Club Med deadbeats.
by Patrick J. Buchanan
Saturday was a bad day for the New World Order.
New York police boarded the first-class cabin of an Air France jet bound for Paris to collar Dominique Strauss-Kahn, the head of the International Monetary Fund, a Grand Master of the Universe and the Socialist Party’s hope to defeat President Nicolas Sarkozy in 2012.
By Patrick J. Buchanan
With Christmas shoppers out in force and the stock market surging to a two-year high, talk is spreading that the long-awaited recovery is at hand.
Perhaps.
But gleaning the news from Europe and Asia as U.S. cities, states and the federal government sink into debt, it is difficult to believe a worldwide financial crisis that hammers governments, banks and bondholders alike can be long averted. Consider.
By Patrick J. Buchanan
When communism collapsed in Moscow, Prague and Belgrade at the end of the Cold War, ethnic nationalism surged to the surface in all three nations and tore them apart into 24 countries.
Economic nationalism is now resurgent across Europe. And it is hard to see how a transnational institution like the European Union, run by faceless bureaucrats, and the 16-nation eurozone it created long survive.
By Patrick J. Buchanan
Even lifelong Democratic pol Steny Hoyer, majority leader of the U.S. House, is balking at Barack Obama’s latest bailout proposal.
“I think there is spending fatigue,” said Steny. “It’s tough in both houses to get votes.”
Hoyer was referring to Obama’s weekend letter to Capitol Hill calling for a $50 billion bailout of state and city governments, to spare our elected politicians the pain of balancing their budgets with their own tax revenues.
By Patrick J. Buchanan
“Among the mega-forces moving the tectonic plates and imperiling the nation-states of the world from above and below are these:
First, ethno-nationalism, which threatens nations with secession and break-up. We see it in the Uighurs of China, the Naga of India, the Baluch of Iran and Pakistan, the Kurds of Iran, Syria, Iraq and Turkey, the Chechens of the Russian Caucasus and the Walloons of Belgium.
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