
Jun 28, 2025, 10:07
The 2025 NATO Summit was held from Tuesday to Wednesday in The Hague, the Netherlands. In the joint statement after the meeting, the most important "outcome" was an agreement to raise defense spending to 5 percent of GDP - a goal that prompted a "strong backlash" in Europe when it was proposed by the US earlier this year. NATO Secretary-General Mark Rutte, acting as Washington's "loyal canvasser," pulled out all the stops to "trick" European countries into loosening their purse strings: When the "Russia threat" was no longer enough, he trotted out the "China threat," making irresponsible comments about the Taiwan question and even smearing China using the Ukraine issue. This not only digs a pit for European countries but also causes trouble and chaos for the world.
Raising defense spending from 2 percent to 5 percent of GDP within a decade - more than doubling it - will amount to trillions of dollars in additional expenditure, making NATO one of the fastest-growing entities in global military spending. The last time NATO called for a military spending increase was in 2014, with most of the largest increases coming from Eastern European countries. Ten years on, have these nations become more secure because of this? The answer is obvious. Not only was Eastern Europe implicated in the war, but the whole of Europe was forced into the Ukrainian crisis, and the global economy has suffered as a result. NATO's unchecked and unrestrained military expansion is largely to blame.
Hyping claims that China's naval fleet is already the "same" size as the US and that China will "possess 1,000 nuclear warheads by 2030" is essentially an attempt to legitimize NATO's infiltration into the Asia-Pacific. By using the "China threat" to justify its military expansion, NATO even beat the US to the punch in pledging to "prepare for a possible conflict in the Taiwan Straits." If NATO insists on extending its war tentacles to Asia, it is almost certain that the more it increases its military spending, the greater the strategic suffering Europe will have to bear.
This logic of "engaging in military expansion while accusing others of being a threat" is not only foolish but also malicious. When Rutte emphasized that NATO "has no opt-out," it was nothing but intimidation for member countries that leaving the alliance midway is simply not an option. His claim of "securing our future," meanwhile, is precisely an attempt to completely tie Europe onto the US' war chariot. NATO, a war machine that should have been shut down long ago, now relies on clinging to US coattails and doing Washington's "dirty work" to survive, constantly spinning the absurd narrative that "war equals security" to scare Europeans. NATO has become Europe's net liability. A classic example is that if NATO had not expanded eastward, there would be no Russian-Ukrainian conflict.
Among NATO's painstakingly groomed four "Indo-Pacific partners" (IP4), three leaders skipped this summit - partly due to concerns that, amid the current Middle Eastern turmoil, the summit "could become a trap." These countries neither want to get involved in Middle Eastern conflicts nor be forced to pledge to increase defense spending. US magazine The Diplomat said that Australia's post-9/11 alignment with the American missions in Iraq and Afghanistan drew the country into protracted conflicts. These conflicts, initiated by NATO led by the US, proved politically unpopular and financially draining. It is clear from this that the idea of "seeking peace through force" is actually unpopular in the international community.
The US' erratic behavior in recent years has led many European nations to believe they should do more to strengthen their own defense and reduce dependence on the US. But a dramatic increase in NATO military spending clearly runs counter to that goal. Before the summit, Rutte told US President Donald Trump that "Europe is going to pay in a big way, as they should, and it will be your win." When this comment came to light, it caused a media storm. Yet, this flattery and boasting was met with Trump's contempt and doubt about NATO's collective defense clause. Despite this, Rutte continued to reassure Europeans that they should "stop worrying" but focus on "this huge irritant, which is that we are not spending enough." NATO has long been overwhelmingly driven by US will, but this act of self-gaslighting reveals just how dire Europe's "strategic non-autonomy" has become.
The era of NATO is long gone. Under the guiding principle of "America First," Washington repeatedly wields a "no money, no protection" stance, reducing NATO to a bargaining chip in US geopolitical trades. Allocating 5 percent of GDP to military spending is a heavy burden for European countries, but it still falls far short of satisfying Washington's geopolitical appetite and will only make the US ask for more from Europe. European nations, especially those unwilling to be dragged into wars, must remain clearheaded. (Source: Global Times)
Depradations of the Great Satan Are Becoming Too Onerous To Bear
It's not just Occupied Japan and Poodleville which, as vassals, have been left "holding the bag" of Great Satan bonds:
For the week, the U.S. Dollar Index dropped 1.3% to 97.401 (down 10.2% y-t-d).
. . .
“Taiwan’s life insurers’ foreign exchange losses more than doubled to a combined NT$263.8 billion ($9.1bn) from January through May, as the US dollar’s recent slide drove down the value of their foreign holdings. Losses grew from NT$118.3 billion during January to April… The industry’s foreign exchange loss of NT$145.5 billion in May was the worst since the FSC started releasing the data in 2018… The Taiwan dollar’s roughly 12% gain against the greenback this year has pummeled local life insurers by reducing the nominal value of their approximately $786 billion foreign currency assets. The $1.2 trillion industry’s foreign exchange loss in May doubled from the roughly NT$68 billion shortfall seen in April.”
- Weekly Commentary: Just the Facts - June 27, 2025
A 10.2% drop ytd in the $7trn a day FX market is HUGE. They had to implement the Plaza Accord in the 1980s to get agreement for such a large devaluation. Back then the economies of Occupied Germany and Occupied Japan suffered.
As well as trying to divert investment away from gold with gold ETFs, silver, gold-miners and buttcoins which are not digital gold, but digital fools' gold, they're now desperately peddling platinum and palladium too. The Metals Daily website has a daily consortium of gold-bashing articles.
Never mind that even the CBs admit they're moving to gold, the euro and the renminbi and away from the "worthless paper" USD.
China's insurance companies have been granted the option to buy gold and India's are asking if they can too. The word "snowball" comes to mind along with "panic" and "run".
Even worse, the Great Satan debt ceiling issue, once resolved, will result in a flood of new issuance of Great Satan bonds; a flood necessary because of war criminal, The Donald's, pork-filled One Big Beautiful Bill.
And remember, the Great Satan has twin deficits. The other one is also out of control:
11.1% to $96.6 billion last month… Exports of goods dropped $9.7 billion to $179.2 billion. Goods imports were little changed at $275.8 billion.”
The EU vassals are getting fed-up:
“Late at night, after a dinner of dumplings and duck legs, the European Union’s leadership excitedly revealed a new plan to combat the hell-raising American president’s trade war: Take him on at his own wild game. For six months, Donald Trump has upended the global trading order, threatening and announcing tariffs, then easing them to open negotiations, while warning that punitive levies will be reimposed if the terms are not to his liking. With just 13 days until the Trump-imposed deadline to conclude a EU-U.S. deal, European Commission President Ursula von der Leyen decided the time for conventional negotiating tactics was over. She floated the idea that the EU’s 27 countries could join forces with 12 members of the Asian-led Comprehensive and Progressive Agreement for Trans-Pacific Partnership bloc (CPTPP)… to form a new world trade initiative… Crucially, the U.S. would not automatically be invited.”
Remember, the Great Satan is already extorting 5% of GDP for attack-squandering, charging EU vassals for Lucifer Natural Gas at extortionate rates an extorting cash out of multi-nationals such as $10bn from BNP Paribas based on accusations of violating illegal sanctions imposed on Iran after war criminal, The Donald 1.0, reneged on the JCPOA. Then there's the illegal tariffs and section 899 taxes. All of this is in addition to the jew-confetti scam which they started both World Wars to impose on the planet too. Then there's the theft of FX reserves, gold and oil and the attempt to plunder Ukraine's agricultural and mineral resources.
Even then, the 5% of attack-squandering appears to be bogus to forestall the inevitable collapse in confidence in the "worthless paper" USD.
What happens when there's not only a run on the "worthless paper" USD but also the biggest, fattest and longest running bubble of all time pops?!?!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
Community login
Add a comment