October 15, 2016

Frankfurt, Germany – Most Europeans are quietly horrified watching Donald Trump torn to pieces by political piranhas while Wall Street’s candidate, Hillary Clinton, appears to be pushing for a war with Russia. She blames everything on that wicked Vlad Putin. How long before she will claim Monica Lewinsky was one of Putin’s famed KGB seductress agents (I’ve met a few) known as ‘swallows?’

Europeans, whose male political leaders all seem to have mistresses, would laugh off Trump’s awkward gropes and the outrage they caused as adolescent. Better gropes than a possible war with Russia over Syria. But Trump looks like a mastodon stuck in a primeval tar pit, ambushed by Democratic hunters.

Does anyone remember the Democrat’s young god, Jack Kennedy, who used to drag women into the White House linen closet, smoke a joint, and give them a presidential quickie? Lyndon Johnson’s Texas rough-riding, or Nelson Rockefeller’s too young girlfriends that did him in?

Bad as things are in the US, they are not much better in Europe. The foolish flight of racist Britain from the European Union has deflated its outrageously inflated pound sterling and spread panic among fat cat bankers and property developers. The last rags of Britain’s imperial pretensions have been ripped away.

Things are so bad right now that the odious Tony Blair, who seduced the wife of his patron, Rupert Murdoch, is trying to slither back into political life.

Here in Germany, Europe’s bulwark, the political ground is shaking. Chancellor Angela Merkel has been a cautious, capable leader. Her courageous admission of 1.1 million Mideast and Afghan refugees was the right thing to do morally but a political disaster for her center-right party.

In fact, Merkel’s long tenure in office may be nearing its end. Younger Germans are tired of bland ‘Mama Merkel’ and their nation’s kowtowing to Washington. Germany remains in some ways the defeated, occupied nation of 1945.

Many Germans call for stronger government action over the foundering Deutsche Bank. Located here in Frankfurt, this dummkopf bank has lost huge amounts of money and run onto the rocks due to unconstrained greed and managerial ineptitude. Deutsche’s real problem is that it tried to be like a rapacious American bank rather than like a conventional, conservative German bank. How could Germans be so stupid?

The Berlin government will probably have to rescue Deutsche Bank sometime soon, or at least engineer a takeover. It does not help that the US may fine Deutsche up to $14 billion for peddling rotten real estate bonds in the US before 2008. Or that the bank may be in hock for a staggering $46 billion in mysterious derivatives few understand. All this is pure casino capitalism. Maybe they should rename the bank, Die Bank Trump!

Deutsche Bank’s collapse could bring a Lehmann Brothers-type panic to Europe’s already deeply stressed financial system.

Italian banks are in terrible shape, up to their tortellini in bad debts. Their depositors are likely to be hard hit in any bail-out or bail-in. However, the rule remains: save the banks first, then women and children.

Meanwhile, across the Rhine, France’s political landscape is shaking. The wretched President Holland, who has the charisma of a wet croissant, is now the most unpopular leader since Robespierre – maybe even more so.

Like the US Republican rats abandoning their sinking electoral ship, France’s center-left wants to ditch albatross Holland but can’t find any candidate popular enough to replace him.

Presidential elections are due in April and May, 2017. The opposition Republicans have a so-so candidate in Nicholas Sarkozy and a good one in Alain Juppé. Sarkozy is still under investigation for taking campaign cash from Libya’s late Muammar Khadaffi – who was bumped off in what looks like a French-engineered murder.

Behind them looms the specter of National Front Leader Marine le Pen. Her effort to ditch the EU and NATO, kick out the Arabs, and adopt economic nationalism makes her a French version of Trump. But she is a far more adept politician and a gifted speaker.

Like America’s Republican oligarchy facing Trump, France’s political elite trembles before Le Pen. So does the rest of Europe as her radical thinking enflames rightwing parties across the continent. The Front National could replace France’s venerable Socialists as the nation’s second party and main opposition.

Spain is in political paralysis, unable to elect a government. In Brussels, the EU is trying to reshape its role after Brexit and find a new ‘raison d’etre.’ At least it will no longer put up with British sabotage. It’s what Trump would call ‘a disaster.’

Copyright Eric S. Margolis 2016

This post is in: International Politics, USA

2 Responses to “MAYBE TRUMP COULD RUN THE EU?”

  1. As you note, we live in interesting times.
    .
    Trump has to inform the American population that it is legal (I think) to write a candidate’s name on a ballot… and that all of Hillary’s ‘friends’ should write Bernie Saunders name down… Everyone should push for a ‘write in’ ballot. It would make things a lot more interesting, rather, than humourous.
    .
    Donald is floundering and not responding well to criticism. He also must have some ‘die hard’ republicans providing Hillary with information. His actions were in the past, but, he is not moving past this. I don’t know if this is him or if those against him are doing it.
    .
    Interesting that none of the news reporters have asked why the ladies had not come forward three decades earlier.
    .
    Europeans have been acting cautiously until of late. Afraid of attacking someone that could be the next President. With the latest revelations he is losing status, hence, the vote for Bernie.

    Dik

  2. Manysummits says:

    Hello Eric !

    Just read this on Common Dreams dot org:

    http://commondreams.org/views/2016/10/15/warnings-new-world-war

    by Gilbert Doctorow.

    It looks to me like war with Russia, despite all we know about nuclear weapons, despite twp world wars, despite The League of Nations, despite the United Nations, against all reason.

    I would appreciate your thoughts?

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