Oct. 12, 2009
After decades of philosophical and political questions about the possibilities and consequences of a united Europe, the answer may be only a few weeks away. After World 11, politicians believed that the repetition of 75 years of European wars between themselves and the rest of the world would end if national governments were abolished in favor of a unified Europe.
On Oct. 29, the Lisbon treaty could be ratified and signed by all 27 members of the current European Union. The Czech Republic, playing their political cards, threatened to hold up the process, but its prime minister, Jan Fisher, said he will not derail the treaty and it should be signed by the end of the month.
The new United States of Europe will have a total population of 500 million people. With a population of 300 million in the United States, we will drop from the third most-populated country in the word to fourth. China’s population of 1.3 billion is the largest followed by India with 1.09 billion. Russia, the world’s largest country in area, only has a population of 141 million residents.
The economic and monetary union of the new Europe could cause a financial crisis for all Americans. The new Europe will produce 30 percent of the gross world product, while America will probably drop from its current status of manufacturing 19 percent of the world’s finished goods.
The biggest economic impact will result from the Central Bank of Europe’s policy and the regulation of its national currency, the euro. The euro will be valued and leveraged against the British pound, not the U.S. dollar. That’s important because today, the price of oil on the world exchanges is based on American dollars. The fact that the strength of America’s economy has fallen from first in the world to third, following China and Australia, presents a good argument for the world markets to accept the euro as the benchmark for worldwide currencies.
Behind the scenes, the Arab oil producing cartels have argued the value and striking price of their oil should be set by the British pound or the euro. No doubt they will support the euro in its bid for world monetary dominance. If the Arabs get their way, which I believe they will, we will have to pay 40 percent more in American dollars for their barrels of black gold.
According to Martin Feldstein, professor of economics at Harvard University, the politicians in Washington, D.C. might be underestimating the political risks and ramifications of a united Europe. With Europe’s own foreign and military policy, the chances for victory in our current wars with the Muslim world could fail.
The French, Russia and some Latin American countries disagree with our decisions to invade Baghdad and its sovereign neighbors. The French see this as an opportunity to convince the new European population of 300 million to withdraw any support of NATO in protest of our personal war on terrorism.
So, what happens to the sovereignty of the nations joining the new union? They will probably retain their own local state government with representatives on a federal council with an elected president. Tony Blair seems to be the front runner as titular president. We all remember Tony Blair. In 2005, the London Times reported on its findings in “The Downing Street Papers.” That paper proved that, in 2002, both President George W. Bush and Prime Minister of England Tony Blair lied and conspired to invade Iraq without just cause. America finally got rid of one liar, now Europe is thinking of rewarding his co-conspirator with the presidency of their new world. They must all be Republicans.
Professor Feldstein cautions us that because Europe is no longer dependent on us for protection against Russia, they are going to establish their own political and military future. He warns us that if the United States doesn’t understand the “new risks” of a unified Europe and deal with them wisely, the new direction of a united Europe could create problems for all of us.
It is clear that while the United States of America has been spending all of the taxpayers’ money on senseless wars and occupations, our economy has failed, our unemployment has risen, capitalism is history and socialism is on the horizon. For almost a decade, China, Russia and Australia have positioned their prominence as world leaders.
It’s not surprising that now all we can do is watch as the rest of the world powers, joined by the United States of Europe, move forward in their quest for military dominance, political clout and monetary superiority, leaving the United States of America far behind.
Tags: Central Bank of Europe, Czech Republic, European Union, Jan Fisher, Lisbon Treaty, Martin Feldstein, united states of europe
