Dr. Joseph P. Farrell
June 26, 2016
As you might imagine, my inbox has been stuffed with articles and more articles and even yet more articles about the BREXIT referendum in the United Kingdom last Thursday, and its already apparent huge implications. And all of this in a week in which there have been important “other stories” that stand to be swamped by the focus on BREXIT. So accordingly, I am going to try to focus on those other stories a bit more this week, but also to blog a bit about the geopolitical and financial earthquake that just hit with the BREXIT vote, by way of today’s blog and some very interesting “tidbits”.
Just prior to the BREXIT vote, this very strange article appeared in RT, concerning Chancellorin Merkel’s calls for a dramatic increase in Germany defense spending:
What’s interesting – and from my amateur historian’s point of view, a bit heart-stopping – is that opening series of statements in this article:
Germany should substantially increase its defense spending to cope with “external threats,” Chancellor Angela Merkel has said, stressing that Berlin can’t count on the US, and the EU is incapable of defending itself.
During an economics conference in Berlin on Tuesday, Merkel said the EU can’t rely on the transatlantic partnership with the US to deal with external threats, Reuters reports.
“Sure enough this means that a country like Germany, which today spends around 1.2 percent of its gross domestic product (GDP) on defense, and the United States, which spends 3.4 percent of GDP for defense will have to converge,” Merkel said.
(Bold-italics emphasis added)
Now, before we got to my high octane speculation of the day, consider also this reminder from RT of what the recent German Defense Ministry White Paper also stressed about the nature of those “external threats”, which Chancellorin Merkel left unspecified, were: