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Johannes Stern – European Union rearms for World War III

Summary:
The Western protection racket gears up.I can't see what Russia has done wrong? Crimea? But the Crimean people had an referendum and voted to become part of Russia again, a right written into their constitution. No figting, no loss of life, no thousands of troops marching in, no tanks, and no NATO photographs showing any of this, but Europe is arming up for war, a war that would leave no winners because everyone would die in the nuclear winter that follows.  Following the announcement last week by the US Defense Department of its biggest ever arms deal involving the purchase of nearly 500 F-35 fighters, Europe replied in kind on Monday. At the world’s largest air show in Le Bourget near Paris, the German defence minister Ursula von der Leyen, together with her colleagues from France,

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The Western protection racket gears up.

I can't see what Russia has done wrong? Crimea? But the Crimean people had an referendum and voted to become part of Russia again, a right written into their constitution. No figting, no loss of life, no thousands of troops marching in, no tanks, and no NATO photographs showing any of this, but Europe is arming up for war, a war that would leave no winners because everyone would die in the nuclear winter that follows. 

Following the announcement last week by the US Defense Department of its biggest ever arms deal involving the purchase of nearly 500 F-35 fighters, Europe replied in kind on Monday. At the world’s largest air show in Le Bourget near Paris, the German defence minister Ursula von der Leyen, together with her colleagues from France, Florence Parly, and Spain, Margarita Robles, signed major agreements to develop a joint European air combat system (Future Combat Air System—FCAS).


The cost of FCAS, which is announced to be operational by 2040, is immense. Up to €8 billion will flow into joint development alone. Overall, costs are expected to be more than €100 billion. The Handelsblattnewspaper reports that “by the middle of the century” the FCAS project could devour “up to €500 billion.” The same sum would finance Germany’s entire education budget for 27 years!

The massive armaments project is part of plans to transform the European Union into a major military power capable of waging war independently of and, if necessary, against the United States.

Johannes Stern - European Union rearms for World War III

Mike Norman
Mike Norman is an economist and veteran trader whose career has spanned over 30 years on Wall Street. He is a former member and trader on the CME, NYMEX, COMEX and NYFE and he managed money for one of the largest hedge funds and ran a prop trading desk for Credit Suisse.

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