Escolar Documentos
Profissional Documentos
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1
THE TRUMPET WEEKLY
J U LY 7, 2 0 1 2
How to sell a radical Islamist to America 3
The worlds second most powerful man 4
Rewriting a shameful history 7
Nuking the Bank of England 8
Massive harvest failure coming? 9
Will Germany Exploit
Britains Banking Scandal?
BY BRAD MACDONALD
I
vvoUliveoutsideBritain,youmaynotbefollowingthe
colossalscandalthatisrockingtheBritishbankBarclays
andspeedilyripplingthroughotherbanksandnancial
institutionsonitswaytothenationalgovernment.
Youprobablyshould,becausethiscouldhaveenormous
consequences.
Tedetailsarecomplexandsomewhattedious.Es-
sentially,itwasrecentlydiscoveredthatBarclayshadbeen
deliberatelycontributingtothefalsicationoftheLondon
InterbankOeredRate(iivov),theworldsmostimpor-
tantbenchmarkinterestrate.Teinterestratesonroughly
s:o1viiiioinnancialtransactions,oneverything
frommortgages,tocreditcards,tocarloans,tosavings
accountsaswellasuUuviusovviiiiosinsecurities
andswapsarecalculatedusingtheiivovbenchmark.
Basically,since:oo,Barclaysbankers(amongothers)have
beenmeddling(albeitindirectly)withthepersonalnanc-
esoftensofmillionsindividuals,countlesscompaniesand
corporations,andultimately,entirenationaleconomies.
Allinthepursuitofbiggersalariesandbonuses.
Sincethestorybrokelastweekithasshownnosignsof
slowing.InthelastsevendaysBarclayshasbeennedc:o
million(almosthalfabilliondollars),watchedtheprice
ofitsstockplummet,andwitnessedtheaxingofitscio.
Worseyet,nearlyallofLondonsbankinggiants,including
Lloyds,theRoyalBankofScotlandandusvc,havebeen
suckedintothevortex.Atleast:oothermajorbanksare
currentlyunderinvestigation,anditappearsmanipulat-
inginterestrateshadbecomestandardpracticeamong
Britainsmajorbanks.
Itgetsworsestill.Yesterday,evidence(e-mails)sur-
facedhintingthatseniorauthoritiesattheBankof
Englandwerenotonlyawareofthenancialskull-
duggery,butmayhaveevenencouragedBarclays
andotherstofalsifytheirgures.Tedetailswill
bedredgedintime,butitlooksasifpersonali-
tieswithinthehighestechelonsofBritains
nationalgovernmentwillbeincriminated.
Manyexpertsfearthisisthedeathknellfor
Britainsbankingandnanceindustry.
Truthis,thereismuchmoreatstake
thanthat.
Britainsbankingandnance
industryistheonlyhealthy
organinabodythatisquickly
shuttingdown.Tesector
comprisesabout:o
percentofBritains
entireeconomy,con-
tributesmorethan
see SCANDAL page 12
JULY 7, 2012
2
THE TRUMPET WEEKLY
MIDDLE EAST
amatterofpolicytonotdoso.
Acaseinpoint:Attheannual
AmericanJewishPressAssociation
(.,v.)Conference,heldrecentlyin
Philadelphia,ChemiShalev,newly
appointedU.S.correspondentforthe
EnglishlanguageeditionofHaaretz,
providedaninsightfulaccountofthe
stateofIsraelipoliticsandMiddle
Eastnegotiationstoday.
AferhearingShalevsnewsanaly-
sis,ournewsagencyposedaquestion
toShalev:WhydoesHaaretznot
reportwhatthePalestinianAuthor-
itycommunicatestotheirpeoplein
theirlanguage,onthevvc1v,the
vvcradio,PalestinianAuthority
newspapersand[in]thePalestin-
ianAuthorityschools:Av1iv.ii,
overthepastfewweeks,vvc1vhas
conducteddailyfeaturesthatpro-
motethearmedstruggletoliberate
allofPalestine,praiseforthosewho
martyrthemselveswhilemurdering
Jews,transformingIsraelicitiesinto
Arabcities,andworse.
Shalevscandidresponsetothis
querywas:Wedonothaveroomto
coverallofthat.
TeforeignpresswhocoverIsrael
alsoadheretothisno-look/no-report
policy.
Allthisbegsthequestion;Do
newspaperreadersand1vwatch-
ersnotdeservetoknowwhatthePA
conveysinArabic,atatimewhen
reportsofrenewedMiddleEastne-
gotiationscontinuetodominatethe
news:
TW
I N B R I E F
n Turkey sends troops, weapons
to Syrian border
Turkeydeployedtroopsandweaponry
toitsborderwithSyriaonJune :8.Te
movecamealmostaweekaferSyrian
forcesdownedaTurkishmilitaryjet,
What Arabs Say in
Arabic?
JERUSALEM POST | July 4
W
iu.viwitnessedagenerationof
melliuouswordsofpeacethat
haveemanatedfromthenascentPal-
estinianAuthorityinforeignlanguag-
es.Isntittimefornewspaperreaders
and1vwatchersacrosstheglobeto
hearwhatthePAconveysinArabicto
itsownpeople:
Aferall,withtheinceptionofthe
Osloprocess,ifafewofushadnot
independentlytapedandtranslated
YasserArafatsharanguesinArabic,
wouldpeopleknowtodaythatthere
isaconsistentdissonancebetween
themessageofpeaceconveyedbythe
PAinEnglishandthedailywarlike
messagecommunicatedbythePAin
theArabiclanguage:Yetthemain-
streammediaseemstohavemadeit
O
JUi:o,SyrianPresidentBashar
al-AssaddeclaredthatSyriaisnow
ociallyatwar.Weliveinarealstate
ofwarfromallangles,heannounced
duringaspeechbroadcastonstate
television.Whenweareinawar,all
policiesandallsidesandallsectorsneedtobedirectedat
winningthiswar.
Inonesense,Assadwasjuststatingtheobvious.Butin
anothersense,hisannouncementmarksanescalationin
theconict.
Mostsignicantly,therearegrowingsignsoffracturing
betweenHamasandSyria(andSyriasIranianallies).Tis
iswhatwewouldexpect,accordingtoBibleprophecy.
Hamasistheterroristorganizationthatgovernsthe
GazaStrip.OnJune:8,StratforreportedthatHamas
militaryocialKamalHusseinGhannajawasassassinated
inhisresidenceinDamascus.Althoughmostofthemedia
blamedIsrael,itislikelythatitwasactuallyahitbythe
Syriangovernment.
Inthepast,HamasandSyriahavehadacloserelation-
ship.However,signsofafallingouthaveemergedsincethe
startoftherebeluprisinginSyria.Hamasappearstobe
closingitsocialocesinSyria.Ghannajaskillingwas
thelatestevidenceofarif.
ApparentlySyriaandIranwerepressuringGhannajato
orchestrateviolenceinPalestinianrefugeecampsinSyria
todistracttheLebaneseArmyfromanescalatingbattle
overrebelsupplylinesinNorthernLebanon.Herefused,
andinsteadworkedwithFatah(anotherPalestinianter-
roristgroupformerlyalliedwithSyriaandIran)toprevent
Syrianoperativesfromstirringuptrouble.Stratforsays
thatGhannajasdeathwasamessagetoHamasthatthereis
acosttowithdrawingitssupportoftheSyrianregime.
Psalm8,describestheformationofananti-Iranian
alliance.TisallianceincludesbothSyria(Hagarenes)and
thePhilistineswiththeinhabitantsofTyre.Tyreislocated
insouthernLebanon,astrongholdoftheHezbollahterror-
iststhatarecurrentlyalliedwithIranandSyria.
ButthePhilistinesareinhabitantswithTyre.Backin
May,TrumpeteditorinchiefGeraldFlurrynotedthatthe
Philistines(asmentionedinPsalm8,)areinthePalestin-
ianareasoftheGazaStrip(theancientareaofthePhilis-
tines)andtheWestBank.[I]tlooksverymuchlikeIranis
goingtoalsolosetheGazaterrorists,andtheyregoingto
shiftheirallianceaswell,hesaid.
Itispossiblewearealreadyseeingtherstsignsofthis
todaywiththefalloutbetweenHamasanditsformerspon-
sorsinSyriaandIran.
WhenSyriaswitchesteams,Lebanonwillnotbeableto
standonitsown,andatthatpointthePsalm8,allianceof
MiddleEasternnationswillbecomplete.AndBibleproph-
ecywillmoveontothenextstepinthelead-uptothebest
eventevertooccuronEarth:thereturnofJesusChrist.
Syria in Civil War
ROBERT MORLEY
JULY 7, 2012
3
THE TRUMPET WEEKLY
exacerbatingtensionsbetweenthetwo
countries.OnJune :o,TurkishPrime
MinisterRecepTayyipErdoansaid
Turkeyhadchangeditsrulesofmilitary
engagementtowardSyria.Hewarned
SyrianPresidentBasharal-Assadthat
everymilitaryelementapproaching
theborderthatcouldbeathreatwould
betreatedasamilitarytarget.Turkey
hasrepeatedlycalledontheSyrian
presidenttostepdown,andtherising
tensionsindicatethatitspatiencewith
Assadisthinning.IfAssadsgovern-
mentfalls,SyriasSunnimajoritywill
likelyallywithTurkey,whichisalso
predominantlySunni.Turkeyisalready
hosting,,,oooSyrianrefugees,civilian
oppositiongroups,andmembersof
theFreeSyrianArmy,whichisghting
againstAssadsregime.Deploymentof
theTurkisharmedforcesalongthebor-
dermayprovetobeasignicantstep
towardasoon-comingalliancebetween
SyriaandTurkey.
n Iran tests long-range missiles
IransRevolutionaryGuardstest-red
severalballisticmissilesonTues-
day,amoveintendedasawarning
againsttheUnitedStatesandIsrael.A
seniorocersaidthemissilestrav-
eleddistancesofupto8o,milesand
successfullyhittheirtargets.Tis
rangemeansthatIransmissileshave
thepotentialtoreachIsrael,southern
EuropeandU.S.basesintheregion.
TeactingcommanderoftheRevolu-
tionaryGuardssaidthetestswerein
responsetoIsraelandWashingtonnot
havingruledoutusingmilitaryforce
tohaltIransnuclearprogram.Gen.
HosseinSalamisaidthemaingoal
ofthewargameswastodemonstrate
theIslamicRepublicspoliticalwillto
theworld.Iranalsoannouncedthis
weekthatitwouldstopanyoiltankers
passingthroughtheStraitofHormuz
thatwereboundforcountriespartici-
patinginthenewEUembargo.Expect
Tehransdeanceandpushyforeign
policytointensify.
T
uim.xiovivofEgyptianPresidentMohammedMorsi
hasbegun.Someinthemediaaredebunkingthe
frighteningmythsabouttheMuslimBrotherhood,and
othersarguethathesapotentialally.TeObamaadminis-
trationcontinuestoinferthatcriticsoftheBrotherhoodare
simplyalarmedbythewordMusliminthegroupsname.
Wejudgeindividualsandpartiesthatareelectedina
democraticprocessbytheiractions,notbytheirreligious
aliations,saidWhiteHousePressSecretaryJayCarney
whenaskedabouttheMuslimBrotherhood.
NationalSecurityCouncilspokesmanTommyVietorde-
fendedmeetingsbetweenU.S.andBrotherhoodocialswith,
WebelievethatitisintheinterestoftheUnitedStatesto
engagewithallpartiesthatarecommittedtodemocraticprin-
ciples,especiallynonviolence.Mostfamously,DirectorofNa-
tionalIntelligenceJamesClapperportrayedtheBrotherhood
inapositivelighttoCongress,embarrassinglystatingthatitis
aseculargroup.HecontinuestotouttheBrotherhoodasa
moderateIslamistgroupthatcancounteralQaeda.
TeTalibanandHamaswerejoyfuloverMorsisvictoryin
Egyptspresidentialelection.Teywouldlaughatsuggestions
thatMorsicouldbeaU.S.ally.Hisrstorderofbusiness
withtheU.S.isdemandingthereleaseoftheBlindSheikh,
OmarAbdel-Rahman,whoisinprisonforhisroleinthe:,
WorldTradeCenterbombingandotherterroristplots.Ofall
ofthethingshecoulddiscusswiththeU.S.,hisrstpriority
isthereleaseofaconvictedterrorist.
TeforeignpolicyofMorsiwillbepro-jihad.On
June :,theBrotherhoodSupremeGuidepreachedthatjihad
againstIsraelisareligiousobligation.Muslimsarerequired
toengageinjihadofselfandmoneytowardsthegoalof
freeingit[Jerusalem]fromthelthoftheZionistsandim-
posingMuslimrulethroughoutbelovedPalestine.
Duringthecampaign,ahardlineclericnamedSafwat
HegazyspokeatoneofMorsiscampaignrally.Hedeclared,
WeareseeingthedreamoftheIslamicCaliphatecometrue
atthehandsofMohammedMorsiandthecapitalofthe
CaliphateandtheUnitedArabStatesisJerusalem.Morsi
noddedhishead,onlyfeetaway.Atthesamerally,aspeaker
performedasongthattoldMuslimstobrandishyour
weapons,sayyourprayers.Hesang,Comeon,youloversof
martyrdom,banishthesleepfromtheeyesofallJews.Come
on,youloversofmartyrdom,youareallHamas.Indeed,all
theloversofmartyrdomareHamas.
Morsiisaknown/::conspiracytheorist.Oncin:o::,
hesaidthattheMuslimBrotherhoodwouldstandagainst
theperpetratorsof/::ifyoucanprovewhoreallydidthis.
In:oo,,hecalledforascienticconferenceontheattacks
becausetheU.S.hasneverpresentedanyevidencesonthe
identityofthosewhocommittedthatincident.
MorsineverhasdeniedthatheseeksSharia-basedgov-
ernance.VideohassurfacedofaMay:,speechMorsigave
wherehepassionatelyrecitedthepledgeoftheMuslimBroth-
erhood,includingtheparts,Jihadisourpath.Anddeathfor
thesakeofAllahisourmostlofyaspiration.Herearmed,
TeKoranwasandwillcontinuetobeourconstitution.
TeWhiteHouseexpressedsatisfactionthatMorsiintends
topickawomanandaCopticChristianasvicepresidents.
However,hewasoneoftheauthorsoftheBrotherhoods:oo,
partyplatformthatstatedthatwomenandChristiansshould
beforbiddenfromthepresidency.WhenJereyGoldberg
askedhimaboutthislastyear,herefusedtogiveaclearan-
swer,ridiculinghisnonsensequestion[s].
PerhapsrecognizingthetruthabouttheBrotherhoodisa
pilltoohardtoswallowfortheU.S.governmentandsomein
themedia.TeinuenceofMuslimBrotherhood-aliated
groupsandindividualsintheObamaAdministrationmust
alsobepartofthereasonwhytheU.S.ismisreadingthe
group.Whateverthethoughtprocessis,theU.S.haschosen
topullthewooloveritsowneyes.
The Makeover of Mohammed Morsi
FRONT PAGE MAGAZINE | July 2
JULY 7, 2012
4
THE TRUMPET WEEKLY
n MI5 chief says Arab Spring
breeds terrorism
TeArabSpringiscreatingaper-
missiveenvironmentinnewparts
oftheArabworldforalQaedato
operateandtrainnewrecruits,the
directorgeneralofBritainssecurity
service,MI,,saidJune:,.AlQaeda
rstmovedtoAfghanistaninthe
:osduetopressureintheirArab
countriesoforigin,JonathanEvans
said.TeymovedontoPakistan
aferthefalloftheTaliban.Andnow
someareheadinghometotheArab
worldagain.HisspeechattheLord
MayorsAnnualDefenseandSecu-
rityLecturecoveredarangeoftopics
includingcybercrimeandthethreatof
extremistsandanarchistsspurredby
theeconomiccrisisinEurope.Evans
alsowarnedthatIranappearstohave
becomemoreactiveinterrorism.
WiththeMuslimBrotherhood,itself
aterroristgroupwithcloselinksto
Hamas,risingtopowerinEgypt,ex-
pectasignicantincreaseinterrorism
intheregion.
T
uiUi1iuStatesandEuropeare
gettingtough.OnJune:andJuly :,
theyeachimposedstiersanctions
againstIranforitsunrelentingprogress
towardnuclearbomb-makingcapability.
Iransresponse:Take a hike.
Iranimmediatelyannouncedleg-
islationthatwouldcallonitsmilitary
tostopoiltankerspassingthroughtheStraitofHormuzen
routetocountriesadheringtotheEUembargoandnolon-
gerbuyingIraniancrude.Iranalsothreatenedtosoonbegin
armingitsshipsinthestraitwithshorter-rangemissiles.
Tisistheworldsmost important oil choke pointthe
gatewaythroughwhichows percent of the worlds sea-
borne oil trade,anda fh of its total oil supply.
Iranalsostartedwargames.Oneofthemissilessuc-
cessfullytest-rediscapable of striking Israel.Commander
oftheRevolutionaryGuardsairspaceunitsaidanIsraeli
attackonIranwouldgivetheIslamicRepublicapretext to
obliterate them from the face of the Earth.
SomuchforsanctionsbringingIrantoitsknees.
Tehranhasgoodreasonforitsbelligerence.TeWest
isshowingitselftohaveallbark,nobite.Teyhavemade
threatsforyears,tolittleeect.
TeU.S.underminedthelatestsanctionsthedaybefore
theywentintoeectbygrantingexceptionstoChinaand
SingaporetobuysupporttopressureIran.Tatsright:
WashingtongaveChinawhichbuysalmostafhof
IransoilexportsafreepasstopurchaseIranianoilin
ordertogetChinatoputpressureonIran.Infact,theU.S.
madeexceptionsforall of Irans top oil customers.
Tishasbeenthestoryforoveradecade.Iranpushes
theWestgetshuyandblowshotairthingssimmer
downuntilIranmakesanotherprovocativemove.
WashingtonInstitutesPatrickClawsonandMehdi
Khalajigavethisanalysis:InTehranseyes,bothparties
especiallytheUnitedStateswantadealwithIranmore
thanIranwantsadealwiththem.Iranianleadersalsosee
noprospectofmilitaryactionbeforetheU.S.elections
inNovember.EvenaferNovember,theybelieveWestern
leaderswillbesoworriedaboutthepotentialimpactawar
wouldhaveontheirfragileeconomiesthattheywillstep
backfromconfrontation(June:o).
TeWestsweaknessisstokingIransconviction.Expect
itsprovocationstogetstronger.
Eventsarebarrelingtowardtheconclusionprophesiedin
Scripture:Iranself-assuredandbelligerent,lulledbyyears
ofall-bark-no-biteresponsefromtheWestisgoingtopush
once too many, too hard, too far.Tesudden, shocking, over-
whelmingly violent responsetheyencounterwillbetheirend!
Sanctions Fail Again: Iran Pushes Back
JOEL HILLIKER
EUROPE
Draghi Gets Powers to
Rival Bernanke
CNBC | July 3
T
uisvo1iiuu1intheEuropeandebt
crisishasnowshifeddecisivelyto-
wardtheinuentialleaderoftheEu-
ropeanCentralBank,MarioDraghi,
whoemergedfromtherecentsummit
meetinginBrusselswithnewpowers
andstrongerbackingtoaddressthe
Continentsnancialwoes.
Politicalleaderstooksignicant
stridestowardmakingthecentralbank
moreliketheUnitedStatesFederalRe-
serve,givingitauthoritytooverseethe
eurozoneslargestbanksand,oncethat
newregulatorisinplaceassoonasthe
endofthisyear,alikelyroleinrescu-
ingSpanishbankswithcapitaldirectly
fromtheEuropeanrescuefunds.
Manyofthelonger-runplansunder
discussion,likeEuropeandeposit
insurance,wouldmeanshifingfur-
therresponsibilitiestowardthebank,
arguablygivingMr.Draghithemost
inuentialexecutivepowersinEurope.
Intermsofunelectedpeople,heis
byfarthemostpowerfulinthedem-
ocraticworld,saidFranklinAllen,a
professorofnanceandeconomics
attheUniversityofPennsylvanias
WhartonSchool.Hesgoingtohave
hugeinuenceoverbanksupervision
andoverthepurchaseofsovereign
debt,whetherhestheheadofthe
committeesinchargeornot.
OnTursday,thecentralbanks
JULY 7, 2012
5
THE TRUMPET WEEKLY
policymeetingwillserveaskindofa
secondacttothesummitmeeting
aswellasachanceforMr.Draghito
sketchouthisversionofastrongerEu-
rope.Heistheoneactorinafragment-
edContinentwhocanmoveswifly
andresolutely,ashedidindispensing
nearlys:.,trillionincheaploansto
banksandbrieystillingmarketunrest.
Buthisdeterminationtoremake
thecurrencyunionforlong-termsta-
bilityhasmadehimequallywillingto
withstandpressureinthepast.Hehas
thepowertowithholdcutsininterest
rates,resistpressuretoinjectmore
moneyintotheEuropeanmonetary
system,andholdoonpurchasesof
sovereigndebtfromstrugglingcoun-
triesifhedeterminesthatpolitical
leadersarenotdoingwhatisnecessary
toxtheireconomies.
Heiscalminthefaceofthestorm,
saidtheUnitedStatestreasurysec-
retary,TimothyF.Geithner,whohas
knownMr.Draghiformorethana
decade,andheseestheworldasitis,
nothowwedlikeittobe.
[F]ornow,Mr.Draghisalreadysig-
nicantinuenceseemsonlytohave
grown.Oneocialwhoworksclosely
withMr.Draghisaidhestillenjoyed
thesupportofGermanyschancellor,
AngelaMerkel,whounderstoodwell
hiscarrot-and-stickmethod.
Policymakersandanalystsalikein-
sistthatbehindthepressuretacticsis
amanwhoispreparedtodowhatever
ittakestosavethecommoncurrency
andwithitthecentralbankheleads.
A
Givm.newspaperhasbrokenamajortaboobycom-
paringthecrisisengulngtheeurozonewiththe:,os
slumpwhichusheredinHitler,theNazisandWorldWarii.
Teghostsofthosetimesstillhauntthemoderngen-
erationandisillustratedbyastrongaversiontodebt,to
stockmarketinvestingandincreasinglyadistrustin
theeuro.
NowthecountrysconservativedailyDie Welt has
drawntheparallelsbetweenthecrisisandthedarkdays
over8oyearsago.Tespecterofthe:,osnancialcrisis
thatculminatedintheriseofAdolfHitlersNaziparty
andtheSecondWorldWarisstalkingEurope,itsaid,
quotingaBloombergNewsstory.
InMay:,:,Creditanstalt,foundedinViennabythe
Rothschildbankingdynastyandthebiggestlenderin
whatremainedoftheHabsburgEmpire,sueredarun.
Itscollapseaferamergerwithaninsolventrivalsparked
acrisisthatlefGermanyandCentralEuropestrewn
withfailedbanks,causeddefaultsinEuropeandLatin
America,knockedthepoundothegoldstandard,and
forcedtheNewYorkFederalReservebyOctobertoraise
itsdiscountratebytwopercentagepoints.
EwaldNowotny,governoroftheAustriancentralbank,
saidataconferencethisweekinVienna:Itrulycansay
thatwhenwehadthebigcrisisof:oo,and:oo8,itwasin
thebackofthemindofeverybody,allofus,everycentral
banker,thatwemustavoidthemistakesofthe:,os.
Tearticlewenton:WhatHaroldJames,professorof
historyandinternationalaairsatPrincetonUniversity,
callstheviciouscycleofcontagionbetweenbanksand
sovereignsisspinningtoday,justasitwas8oyearsago.
UnderGermanysausteritypoliciesinthe:,os,taxes
rose,benetsandwageswerereducedandunemployment
soared,stokingthepopularirethatHitlerharnessed.
Extremistsaregaininggroundnowasunemployment
inGreecepassesthe:opercentmarkaferveyearsof
recession.Tefar-rightGoldenDawnwono.percent
ofthevoteand:8seatsinthecountrysmostrecent
elections.Francesanti-immigrant,anti-euroNational
FrontwontwoseatsinparliamentaryelectionsJune:,.
ItwastherunontheCreditanstaltBankinGermany
in:,:whichlikeSpainsBankianowwascreatedby
mergerswithlendersweakenedbytoxicloansandcapital
shortfalls.Itsdemisewasthebeginningoftheendof
democraticGermany.
Tecriticalthingnowandinthe:,osisthatyoucant
distinguishbetweenbankandsovereigndebt,saidBrian
Reading,aneconomistatLombardStreetResearchin
London.Aslongasbankingsystemsremainnational,it
doesntmuchmatterhowinternationalthebankis,local
taxpayersareonthehookforitifitcollapses.
InJune:,:,astheGermannancialsystemteetered
onthebrink,theReichsbankreceivedas:oomillion
loanequivalenttomorethans,billiontodayfromthe
centralbanksofFrance,theUKandU.S.
Tesumturnedouttobeinsucienttomeetsoar-
ingGermandemandforforeignexchange.Abiggerloan
wasblockedbyFrance,whichwasconcernedaboutplans
foracustomsunionbetweenGermanyandAustria.
GermanysDanatbankcollapsedaferoneofitsbiggest
borrowersfailed.Tatsentcapitaleeingabroad,deplet-
ingreserves.BySeptember,Germanbanks,including
CommerzbankAG(cvx)andDeutscheBankAG(uvx),
wereunderstatecontrol.
LarryMcDonald,aformertraderatNewYork-based
LehmanBrothersHoldingsInc.andoneoftheauthors
ofA Colossal Failure of Common Senseaboutthesecuri-
tiesrmscollapsesaid:Itallcomesdowntosystemic
risk.Tedeadlynatureofabankingcollapseisthatitcan
causeeverythingtounwind.Banksareinterconnected
globally.Everythingisinterconnected.
GeorgeSoros,theglobalinvestorwhonearlybroke
theBankofEnglandwithhisforeignexchangedealings
twodecadesago,warnedadayagothatGermanywason
coursetobecomethenewhatedimperialpowerofthe
Continentunlessitdidmoretosavetheeuro.
Die Welt Compares Eurozone Crisis With Slump That
Ushered in Hitler DAILY MAIL | June 27
JULY 7, 2012
6
THE TRUMPET WEEKLY
Insomewayshehasbeenprepar-
ingforthismomentforhisentire
life.Mr.Draghisfather,whodied
whenMariowas:,,onceworkedat
theBankofItaly.Beforealongcareer
asabanker,theelderMr.Draghi
workedforagovernmentagencyun-
derMussolinithathadbeenfounded
torestructurenancialinstitutions
andothercompaniesintroublebe-
causeoftheGreatDepression.
TW
I N B R I E F
n Another German buyout
Germanindustrialgasconglomer-
ateLindeGrouphasagreedtobuy
LincareHoldingsInc.,anAmerican
homecarehealthcompany,fors.o
billion.Lincareprovidesoxygenand
othermedicalgasestopatientsat
home.Lindemanufacturesindustrial
andmedicalgases.Againsttheback-
groundofdemographicchanges,the
health-careindustryisamegatrend
inwhichwewillbeabletoparticipate
morestronglyinanewsetup,said
Prof.WolfgangReitzle,cioofLinde
AG.TogetherwithLincare,wewill
becomethegloballeadinghealth-care
providerwithinthegasesindustryand
furtherinternationalizeourbusiness.
Earlierintheyear,itboughtanother
Americancompany,AirProducts,for
,omillion.Teacquisitionisjust
anothersignofGermanyseconomic
dominance.WhileAmericasindustry
isstruggling,Germanyscontinuesto
gofromstrengthtostrength.