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Nigel Farage To European Parliament: "The Euro Game Is Up... Just Who The Hell Do You Think You Are? You Are Very Dangerous People"

Tyler Durden's picture




 

Famous euroskeptic Nigel Farage (as seen previously here), in just under 4 brief minutes tells more truth about the entire European experiment than all European bankers, commissioners, and politicians have done in the past decade. As we have already said pretty much all of this before, we present it without commentary: "Good morning Mr. van Rompuy, you've been in office for one year, and in that time the whole edifice is beginning to crumble, there's chaos, the money's running out, I should thank you - you should perhaps be the pinup boy of the euroskeptic movement. But just look around this chamber this morning, look at these faces, look at the fear, look at the anger. Poor Barroso here looks like he's seen a ghost. They're beginning to understand that the game is up. And yet in their desperation to preserve their dream, they want to remove any remaining traces of democracy from the system. And it's pretty clear that none of you have learned anything. When you yourself Mr. van Rompuy say that the euro has brought us stability, I supposed I could applaud you for having a sense of humor, but isn't this really just the bunker [or banker?] mentality. Your fanaticism is out in the open. You talk about the fact that it was a lie to believe that the nation state could exist in the 21st century globalized world. Well, that may be true in the case of Belgium who haven't had a government for 6 months, but for the rest of us, right across every member state in this union, increasingly people are saying, "We don't want that flag, we don't want the anthem, we don't want this political class, we want the whole thing consigned to the dustbin of history." We had the Greek tragedy earlier on this year, and now we have the situation in Ireland. I know that the stupidity and greed of Irish politicians has a lot to do with this: they should never, ever have joined the euro. They suffered with low interest rates, a false boom and a massive bust. But look at your response to them: what they are being told as their government is collapsing is that it would be inappropriate for them to have a general election. In fact commissioner Rehn here said they had to agree to a budget first before they are allowed to have a general election. Just who the hell do you think you people are. You are very, very dangerous people indeed: your obsession with creating this European state means that you are happy to destroy democracy, you appear to be happy with millions and millions of people to be unemployed and to be poor. Untold millions will suffer so that your euro dream can continue. Well it won't work, cause its Portugal next with their debt levels of 325% of GDP they are the next ones on the list, and after that I suspect it will be Spain, and the bailout for Spain will be 7 times the size of Ireland, and at that moment all the bailout money will is gone - there won't be any more. But it's even more serious than economics, because if you rob people of their identity, if you rob them of their democracy, then all they are left with is nationalism and violence. I can only hope and pray that the euro project is destroyed by the markets before that really happens."

h/t Ian

 

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Thu, 11/25/2010 - 17:52 | 755127 57-71
57-71's picture

Nah, they will just borrow Ben's presses.

Thu, 11/25/2010 - 17:59 | 755135 onlooker
onlooker's picture

Truth telling is almost anti-social in today’s governments. Anti-social: meaning going against the grain of the sociopathic governments. We don’t know what we don’t know. I submit that that is a vast amount of material and facts.

 

However, we in the USA do know that we are under a regime that did not produce the transparent government that it promised. We have opaque if not black out. What is known is that the BS does not align with the apparent reality.

 

We need more truth tellers. We need to restore faith and rule of law to our Nation. We do not want to get to the point of having to take down a government before it totally and absolutely takes down the citizens (and/or illegals as it were). This can be turned around by those in power. This is doable. Do they choose to do so? Pay attention folks.

Thu, 11/25/2010 - 19:16 | 755165 YHC-FTSE
YHC-FTSE's picture

Here, here!

 

And on a related subject, on Wednesday, US State Department spokesman warned governments around the world that the upcoming Wikileaks documents on diplomatic cables from Washington to friendly states and allies "Probably will erode trust in the United States as a Diplomatic Partner". 

 

Said to contain revelations about encouraging corruption, creating opposition to elected governments, and subverting political dissidents in friendly states - in East Asia, Europe, Central Asia, Russia, Afghanistan and elsewhere - it could lead to the expulsion of US diplomats from foreign postings. 

 

For the first time, history will not be written by the winners but by the truth tellers. The last Wikileaks on the Iraq War was spun by most of the American press (Including that bastion of liberal thinking, The Washington Post & The NY Times) by emphasising the murders committed by Iraqis rather than the 300,000+ cases involving American troops and its allie(s). Interesting to see how they will spin the next massive file dump.

 

http://www.winnipegfreepress.com/canada/breakingnews/us-warns-ottawa-that-wikileaks-release-will-damage-us-relations-with-allies-110507539.html

Thu, 11/25/2010 - 20:49 | 755243 Bob Sponge
Bob Sponge's picture

The truth and common sense are making a come back. I doubt it will be complete until corruption, including corruption in the Fed and central banking, is abolished.

Fri, 11/26/2010 - 00:51 | 755475 Incubus
Incubus's picture

The internet is a bit of a problem that they let slip by.

Information...for "free"?

No-one gets "free" information; we'll be without the 'net in its current form by the time this decade is out.  They know better than to allow an internet like this one next time around.

 

 

 

Fri, 11/26/2010 - 07:54 | 755642 YHC-FTSE
YHC-FTSE's picture

I know what you mean, but the internet has gone through several incarnations since the early 80's, and we are now at the mature stage of commercialising information where paid user subscription is becoming the norm. The big, traditional media outlets may have all the bells and whistles to attract traffic, but the great thing about the www are the hyperlinks and level playing field provided by sites like this, bloggers, and people of conscience everywhere who use technology to try to tell us the truth. The internet was designed and built to preserve human knowledge after a nuclear war. All the governments are going to have to censor like China to kill off free information. Sadly, it is happening more in the US and UK than it is ever reported, but the truth tellers will always prevail (Hopefully! :))

Thu, 11/25/2010 - 18:10 | 755147 sbenard
sbenard's picture

This video is as good as the Daniel Hannan video when he went viral in the EU Parliament several months ago. He will soon be the new hero for freedom!

Thu, 11/25/2010 - 18:29 | 755157 Sqworl
Sqworl's picture

Tyler and Gang...Happy and healthy Thanksgiving...:-)

Thu, 11/25/2010 - 20:20 | 755225 Bolweevil
Bolweevil's picture

What he said.

Thu, 11/25/2010 - 18:39 | 755163 UpShotKnotHoleGrable
UpShotKnotHoleGrable's picture

no such thing as a free lunch or exceptionality...

Thu, 11/25/2010 - 18:56 | 755171 Freebird
Freebird's picture

Nice to see anal retentive newcomers to the site.

Thu, 11/25/2010 - 19:21 | 755183 MountainHawk
MountainHawk's picture

TD,

since there are often so many messages posted on each article, anyway future updates to the site could include a thumbs up or down counter like the marketwatch forum? It would help quickly filter out the riff-raff when scanning for comments worth reading. Just a thought...

Thu, 11/25/2010 - 20:06 | 755209 Al89
Al89's picture

Looking at some of these comments it seems that the prediction given by Mr. Farage in his closing statement is already coming true.

Nice amounts of anti-British commentary here. 

Thu, 11/25/2010 - 20:16 | 755219 onlooker
onlooker's picture

---YHC---For the first time, history will not be written by the winners but by the truth tellers. The last Wikileaks on the Iraq War was spun by most of the American press (Including that bastion of liberal thinking, The Washington Post & The NY Times) by emphasising the murders committed by Iraqis rather than the 300,000+ cases involving American troops and its allie(s).-------

If you want to accuse the US Government of bad acts, take your best shot. When you accuse the good men and women of the American military of bad acts for following the orders of the American leadership in a situation that is deemed a War by the US Government, you may find that there is disagreement. I will not argue the plus side of any war. I will support the US Armed Forces under any conditions, period. Freedom is fragile; without the US Military it was gone a long time ago.

Thu, 11/25/2010 - 20:34 | 755237 YHC-FTSE
YHC-FTSE's picture

I think you confuse me with somebody who makes accusations. I made none.

 

The US Government's own case files and field notes taken by the troops themselves accuse the American military of bad acts. They are their own testimonies, so please don't get testy with me. If you want to be deaf, dumb and blind to the absurd barbarity of war, and treat your own troops who took the trouble to report wrongdoing as liars, I honestly couldn't care less. Read the reports. OK?

 

http://wikileaks.org

Thu, 11/25/2010 - 20:41 | 755240 Rusty Shorts
Rusty Shorts's picture

You call this freedom? You have no choice guy, you can not "opt out" of this prison called "America". Do not send your kids to the education camps (compulsory schools) and see what happens. You can't choose to live "off the grid", where will you go? National Park? BLM lands? private lands? A: none of the above.

 

You have no fucking choice but to get in line and shut the fuck up, get a job earning "wages" (lol), pay your taxes, show your papers when asked, and buckle your seat belt cause you ain't free dude.

 

Now, if your ready to hear the truth, spend a little time and listen.

http://www.youtube.com/watch?v=vDDkNixytd0

Thu, 11/25/2010 - 22:41 | 755336 Seymour Butt
Seymour Butt's picture

Rusty, well done. Thank you.

 

Thu, 11/25/2010 - 23:54 | 755422 Goldilocks
Goldilocks's picture

Thanks Rusty ...

Happy Thanksgiving y-all.

Fri, 11/26/2010 - 07:11 | 755628 saulysw
saulysw's picture

An hour well spent.

Fri, 11/26/2010 - 08:00 | 755645 YHC-FTSE
YHC-FTSE's picture

+1

Finally got around to seeing it. Brilliant, thanks.

Fri, 11/26/2010 - 11:43 | 755790 Rick64
Rick64's picture

Nice addition. Thanks Rusty

Thu, 11/25/2010 - 20:21 | 755228 lawton
lawton's picture

I am grateful for Ben Bernanke saving the economies of the western world when almost all hope was lost... All that study of the Great Depression paid off after all...

Thu, 11/25/2010 - 20:33 | 755236 suckerfishzilla
suckerfishzilla's picture

I can't wait until the Euro tanks.  I feel like a little kid waiting for Santa to come down the chimney.

Thu, 11/25/2010 - 20:41 | 755241 SDRII
SDRII's picture

It is ironic that the uk rep is blasting the eu for pursuing a collectivist policy of firwewalling the banks. Afterall king is printing gbp ad infinitum and the uk is arranging bilateral loans to for its own wards of the state. There must have been a democratic vote on that everyone missed? The british and their buy to let idiocy was a catalyst for the spain and portugal re explosion. Perhaps the greatest irony prevalent in the special relationship is the notion that whatever comes of the eu there will be an ex anti monetary outcome. If fofoa is right about anything it is that there is without question an $imf faction fighting for its very survival.

Thu, 11/25/2010 - 20:48 | 755248 digalert
digalert's picture

"We don't want that flag, we don't want the anthem, we don't want this political class, we want the whole thing consigned to the dustbin of history."

What? Is Nigel inferring that the sheeple are not happy about grand world plans of serfdom to eternity? Damn right

Bravo

Thu, 11/25/2010 - 21:03 | 755260 Captain Courageous
Captain Courageous's picture

This video has gone viral...it is everywhere on the Net!

Thu, 11/25/2010 - 21:06 | 755262 onlooker
onlooker's picture

-----YHC-----Read the reports. OK?--- ---OK, 300,000 plus you say. Where are they so I can read the 300,000. And, no disrespect was intended. This is sometimes a fight club. I disagreed with your take and statement of the matter. Anyhow, I am ready to do some reading if you can be specific. thanks

Thu, 11/25/2010 - 23:05 | 755371 YHC-FTSE
YHC-FTSE's picture

 

I already posted the link above! :) 

 

 

 

Fine, I guess you are new to the internet. Click on any of the links below:

 

 

 

http://wikileaks.org

 

http://warlogs.wikileaks.org/iraq/diarydig

 

http://www.guardian.co.uk/media/wikileaks

 

http://www.google.com

 

At Google.com and type in WIKILEAKS. You will find a wealth of links including current news in the LA Times that confirms what I originally posted. 

 

Thu, 11/25/2010 - 21:14 | 755266 SwingForce
SwingForce's picture

Foscar Oxtrot you ASOL's

Thu, 11/25/2010 - 21:32 | 755277 UP4Liberty
UP4Liberty's picture

Abolishing fiat currencies, along with the fraudulent fractional reserve banking policy - and the central banking system - should be the chief goal for humanity in our time.  The entire population of all free western civilizations should simply repudiiate all fiat currency debt.  We are all paying taxes to for virtual money that does not exist in reality - and only exists in a computer database in some central banker's office.  This is such a sham and a total joke.  Wake the "F" up people!

Thu, 11/25/2010 - 21:58 | 755280 toathis
toathis's picture

Most on ZeroHedge says it is worse than the Great Depression. Most on ZeroHedge likes to show data and/or say it is "manipulated".

Currently:

U3: 9.6%
U6: 17%
U6-B/D: 22-5/8%

Great Depression:

U3 (for about one year): 25.2%
U6: 37.6%

NEED ANSWERS FOLKS! Don't need junks!

http://bit.ly/gUJLuh

If not... Bernanke, Obama and Geithner... they really wrong? Time to put your personal biases aside, folks! Dooming only gets us so far... Seems like it is something else. I do my own homework and research but cannot seem to understand. (I attempt to read every posting and every comment on this site and many others...)

 

Thu, 11/25/2010 - 22:03 | 755303 AVP
AVP's picture

I'm confused...

"NEED ANSWERS FOLKS! Don't need junks!"

I think ZH and membership have done a fine job in informing all

of us of the shit Storm coming our way. I've learned not to keep my

savings in a bank. Hard assets=PM's! Oh...and don't forget the food, water, guns and

ammo. Happy Thanksgiving...

 

 

Thu, 11/25/2010 - 22:14 | 755309 toathis
toathis's picture

yes, I keep here something is coming. Space aliens could invade tomorrow too.

Yet everything Bernanke and Obama has done IS working, if not the markets would start collapsing and bonds wouldn't sell. The market is confused with the doom and doesn't seem to care about debts.

I am not a dumb-butt, so I hope smart(er) people will think before junking.

Sure, I believe anything is possible. Yes, the US economy and any economy in the world could fail.

But for only 1 reason!

All I got to say, good lucking conviencing enough people that no intrinstic value exsits between a 1 dollar note and a 100 dollar note. I tried paying with Gold and Silver. I also tried handing a 1 dollar note to the cashier when the purchase about 5 dollars (Newspaper, 12oz soda, candy bar and a slim-jim. She got very confused in both cases (Note, PM).

Thu, 11/25/2010 - 22:19 | 755314 AVP
AVP's picture

Sorry I engaged...

"I am not a dumb-butt"...Really...

Thu, 11/25/2010 - 22:59 | 755360 gwar5
gwar5's picture

I don't think space aliens are going to invade tomorrow and I don't think what Bernanke/Geithner are doing is working either. But I think your space alien theory is more likely to prevail first.

China literally laughed Geithner off the stage in Beijing last year. After a year of denial, the rest of the world now admits the situation is dire.

I assume you are not Icelandic, Greek, Irish, Japanese, Portugese, Spanish, or have a television in your home?

 

 

Thu, 11/25/2010 - 23:47 | 755413 goldsaver
goldsaver's picture

Ok, I will assume you are not a troll and start the conversation. Lets for a second forget the inherent evils of fiat banker controlled money for the sake of this conversation.

You say that what MaObama and the bernank are doing is working. By what matrix?

If you are comparing unemployment numbers you really should use numbers that compare the beginning of the great depression and not the peak as we have not yet achieved the peak of this meltdown.

If you are using the stock market numbers then you really need to read some of the eralier articles and comments. The market is been pumped by the primary dealers with free "money" created out of thin air by the bernak. Is the bigger fool theory. The banksters are borowing money from the fed at ZIRP and using it to buy shares in the market to simulate an economic recovery. They are calling it a "wealth effect" problem is that the levels you see are clearly the result of inflated dollars. Is not that the companies are worth more or that individual investors have extra cash to invest. Is that the dollar is worth much less than it used to. Look at the Zimbabwe stock market as a historical example. In passing it would appear that the Zimbabwe stock market made all investors trillionaires. Yet, a trillion Zimbabwean dollars wouldn't buy you a happy meal.

Same here. You can, in its face, make a profit buying shares of apple and google and waiting 6 months to sell them at a profit. But, first, your profit would vanish in the lost purchasing power and second you risk been the bigger fool left standing when no one wants to buy your overpriced shares. That is because the market manipulation has killed the organic price discovery of the market. Do you really think that apple is worth 288 billion dollars?  Really? yet, that is apples market cap. 

Bonds are not selling. What do you think that QE2 is about? The Fed is creating dollars out of thin air and buying the bonds. It would be like your wife going to your furniture store to buy new furniture and you claiming you made a profit. Why are they buying our bonds? No one wants the bonds at the current interest rates. No profit. Bonds interest rates are less than the loss of purchasing power due to inflation. So you are loaning money to the government at a loss. No one wants that. True, some funds are been parked as t-bills. Pension funds, CBs and others can afford to pay to loan money to the US in order to prop our markets and hope to sell their goods here. They are looking at it as a car salesman giving you a rebate if you buy their used lemon and passing the cost along to the US consumer. But is not because our economy is recovering. In fact is just because it is not and they are looking at a very ugly cliff and are in a panic. Add to that the coming collapse of the euro and they have little choice.

About PMs and purchasing. You dont buy PMs so you can buy a Starsux coffee in the morning with silver. You buy PMs as a way to save the value of your money.

An ounce of gold today buys the same goods and services that it did in 1931. Can you say the same for the dollar? If you were to have saved 30 ounces of gold in 1990 at 300 dollars an ounce (9000 dollars) you would have  42,000 dollars today. Did your 401k do that well? How about your bond portfolio? What is sad is that it is not that the value of gold increased. It is that the dollar has lost that much purchasing power. That is what debasement of the dollar has done.

Most of us are students of history and can see that historical results of the current policy. You don't have to fall of a cliff to know it can kill you. We can see where we are going and are preparing for it. You don't have to. You can just assume there is nothing wrong and go about your business. But please, do yourself a favor and study Wiemar and Argentina and Zimbabwe and then come back here and argue that somehow it can not happen to the dollar. 

Fri, 11/26/2010 - 00:55 | 755477 jomama
jomama's picture

that sounds like one incredibly toxic lunch

 

http://www.youtube.com/watch?v=jQjdHUX2T4c

Thu, 11/25/2010 - 21:52 | 755287 oygevalt
oygevalt's picture

What is with the Jew-hating on this thread?

Thu, 11/25/2010 - 21:56 | 755294 toathis
toathis's picture

Wish I could "unjunk". What you say is, for the most part, correct!

Pay attention to this, folks!

Thu, 11/25/2010 - 21:57 | 755295 toathis
toathis's picture

Double-Posting (I deleted).

Thu, 11/25/2010 - 22:07 | 755306 10044
10044's picture

Jews or Israel?? If you don't understand the difference, I suggest you try quitting zerohedge and go to Huffington post

Thu, 11/25/2010 - 22:09 | 755308 AVP
AVP's picture

Snap! +1

Thu, 11/25/2010 - 22:31 | 755326 oygevalt
oygevalt's picture

Really?  I suggest you read a history book and figure out how the modern state of Israel came about.  And btw, AVP - I'm a Jew on one side and a Cajun on the other, so I am not unfamiliar with your train of thought.  I simply wonder what you'd do if 90% of your peeps were sent to the gas chamber - perhaps want to move elsewhere?

Thu, 11/25/2010 - 22:42 | 755337 AVP
AVP's picture

Excuse me... I'm glad for you that you are happy being a Jew. I think that you take to many liberties concerning me. My avatar is of the NC State battle Flag and I'm damn proud of it.

That in no way means I hate Jews or anyone else for that matter...check yourself!

Thu, 11/25/2010 - 22:47 | 755343 toathis
toathis's picture

The OP making the accusation did not single any individual Zerohedge member out. The OP just pointed out this is happening in this particular thread.

Thu, 11/25/2010 - 22:51 | 755350 oygevalt
oygevalt's picture

Please enlighten me then, why you think "Jews or Israel" is a valid distinction to draw... Israel tends to be full of Jews.  If you want to argue pro or anti-settler, etc., that's a different story, but I think it's baiting and distracting to pursue the "Israel bad" meme.  Also - not pursuant to your comment, but others' before you - I'd like anyone out there to please inform me about what Polish, Ukrainian, Lithuanian, and so on Jewish banking cabals existed that must have been so hated.  It's hard to hang an anti-Semitic hat on a couple of wealthy banking families that *happened* to be Jewish... one could argue that given the time and place that they were wealthy *despite* being Jewish.

Thu, 11/25/2010 - 23:15 | 755379 AVP
AVP's picture

Once again you paint with a broad brush. My family escaped Poland before the invasion

(b/c they had gold) and many Poles died. I don't understand why you are trying to bait me

into a bashing Jews or Israel. Bankers of every culture are vultures.

Thu, 11/25/2010 - 23:21 | 755383 oygevalt
oygevalt's picture

Bait nothing.  Someone posted "Jews or Israel," and you replied "Snap! +1."  Am I missing something?  You started this - I'm asking you to finish it.

Thu, 11/25/2010 - 23:59 | 755412 Goldilocks
Goldilocks's picture

About Israel (Rabbi speaks to the difference between Jews & Israel) ...

Rabbi: "Zionists have hijacked the Jewish religion"

Fri, 11/26/2010 - 00:00 | 755430 oygevalt
oygevalt's picture

The Ultra-Orthodox don't believe that a State of Israel can exist until the Messiah comes, so that poisons the source's credibility a bit - not to mention that many of this group are quite happy to live in Israel but be defended by those they consider too secular.  As a tiny fraction of all Jews are Ultra-Orthodox, I don't think you can pin down all aspects of Zionism by listening to a guy who many would brand a kook.

Fri, 11/26/2010 - 00:17 | 755445 web bot
web bot's picture

HEY... let's get back on track on getting Farage voted in as God or some other form of deity... PM of Israel? (joke!)

The way he attacked van Rompey last year was one for the history books. He basically said that he looked like a 2nr rate bank clerk... whom no body knew of.

Thu, 11/25/2010 - 23:18 | 755382 gwar5
gwar5's picture

Go away. Don't forget to take the chip on your shoulder with you.

Thu, 11/25/2010 - 23:25 | 755390 oygevalt
oygevalt's picture

You're right.  I'm so unreasonably uptight about every other comment on this thread being  of the "Jews are responsible for all evils" persuasion, and calling people out on their support of that idea, or the humor they find on it, means I've got a massive chip on my shoulder.  Thank you for showing me the light.

Fri, 11/26/2010 - 00:51 | 755474 jomama
jomama's picture

so chalk it up to coincidence.  if it were any other flavor of human, people would be disdainful towards them - and rightfully so - even if the circumstances and parties in involved were purely happenstance. 

people make many negative statements and accusations against the chinese, for example.  will you be defending them as well?

Fri, 11/26/2010 - 10:43 | 755734 Bugman82
Bugman82's picture

It is the common psyche of humankind to shift blame to a group of people.  It is easier to blame others than to look at oneself as possibly being a part of the problem.  It is also easier to place blame when you have a group of people you can blame. 

With Jewish culture you have a group of people that have remained culturally seperate, have been enormously successful, and have survived the worst of circumstances during WW2.  Naturally, success and cultural separation will paint a target on a group of people.  Throughout history you can see this replayed.  Another example would be how Italian and Irish immigrants were hated by many Americans in the 19th century. 

During the European era of severe anti-semetism all kinds of crazy conspiracy theories were invented and the Jewish people as a whole were demonized as the source of the problems.  Certainly looks like these same things continue to persist even in a more modern and educated society.  Oh, yes, the 7.5million jews of Israel are to blame for all the greed and all the banking problems.  You know the Zionists control everything?  This thinking is all hogwash and simple projection.

Fri, 11/26/2010 - 11:38 | 755785 YHC-FTSE
YHC-FTSE's picture

Of course there is no social or political pressure from Zionists! We are always free to post facts and criticise the Israel without being accused of being bigots/nazis/morons. Oh wait. You prove our point succintly.

 

No evil deed should ever be immune from criticism. The only person who has posted that " the 7.5million jews of Israel are to blame for all the greed and all the banking problems" is YOU.  The only people who keep telling us that the Zionists control everything are the Zionists! 

 

To all of you Israel-supporting nutjobs. Give it a fucking rest. The Italians, Irish, Chinese, etc.... don't have a problem when we point out their criminals - they hate having criminals in their groups more than we do. You disgust me - and if you think that's because you are jewish, then you are far more twisted than I can ever imagine.

Fri, 11/26/2010 - 12:26 | 755859 Bugman82
Bugman82's picture

I never said I support Israel.  YOU are the only one who stated this.  I simply laid out how illogical it is to bring Israel into story like this to try and project blame on Zionists.  It is exactly what happened before the great persecution in Germany.  It is historical and verified.  You have no source to discredit the psychological tendencies to project blame and reject fault.

I vehemently renounce the imperialistic pursuits of the current nation of Israel.  I despise their treatment of the Palestinians.  I see their extremism for what it is.

However, I also recognize the extremism of the Palestinians.  I reject their world view and violent ways.

And yes, the only reason Israel would ever be brought up in a discussion about the failure of the Euro would be to shift blame to them!  Why else would it even be discussed?  Wake up!  It is nothing more than people who fail to think logically and understand historical trends.  I can state this confidently without being a Zionist supporter.

Fri, 11/26/2010 - 05:44 | 755582 Shylockracy
Shylockracy's picture

As a matter of official policy, the self-declared Jewish State of Israel does not recognize a difference between Jews and the state.

It goes even further, Jews born anywhere in the world have a right to make "alyia", that is, move to the Jewish State and receive citizenship. Interestingly, you may be an atheist jew like most Israelis are, and yet if you satisfy their ethnic/racial criteria, you will be welcome to become a citizen and go man the garrisons on some piece of stolen land.

To make things even more perplexing, there are no civil registry offices in Israel, and citizenships are only granted by the Chief Rabbinate based on their Talmudic Law (Halakha).

 

 

Thu, 11/25/2010 - 22:11 | 755312 firerx
firerx's picture

brilliant! :)

Thu, 11/25/2010 - 22:50 | 755349 toathis
toathis's picture

Keep smiling. I had a great Thanksgiving as well. After spending time with my family and eating dinner (total about 20 USD for 5 people), I sat down to open up all the ads for tomorrow's HUGE shopping day.

People are lined up outside of all these stores just like every other Thanksgiving since as long as I can remember. Where is the doom? Where is the money coming from?

I thought we were enduring a MASSIVE recession? No? Who exactly is wrong?

Thu, 11/25/2010 - 23:14 | 755378 gwar5
gwar5's picture

You just sound like you're trying to convince yourself 

It's 10 pm on Thanksgiving. You're at home alone with a lap top.

How would you know if people are lined up outside the stores?

Shop away. Have a great 2 more hours of Thanksgiving.

 

Thu, 11/25/2010 - 23:38 | 755401 toathis
toathis's picture

I am watching football by my fireplace (heat is not on, live up north). Wearing a warm sweater, stockings and long-jons (<lol).

Love reading ZeroHedge, love the dedication and love the idea of FREESPEECH (I get deleted on almost every other site).

Just forgive mortgage debt, nationalize TBTF and cut spending ACROSS THE ENTIRE BOARD by about 10%. This is all over. ALL OVER. Shared Sacrifice.

Ya, its socialism. Wanna fight about it? USA is FASCIST. That is what Nazi Germany was, alright? I am German. I am not proud of how some Germans reacted after their economy collapsed, ok? Got that?

 Some of my favorite economists happen to be Jews (Mises, Rothbard, Goldstein). I am a student of Austrian Economics and want Ron Paul to be my President. I support a 100% fully backed, regularly audited Gold standard without a private central bank apparatus... Even though I work in IL, will probably soon lose my Government job and have to skip a Christmas or two for my children.

The USSR reset in a non-violent, peaceful manner with a tiny bit of socialism. Check out this chart of GDP under Putin (a Nationalist).

http://en.wikipedia.org/wiki/File:Russian_economy_since_fall_of_Soviet_U...

I JUST DON't WANT TO LIVE THROUGH ANOTHER GREAT DEPRESSION! I don't want to endure societal collapse and violence!

Fri, 11/26/2010 - 00:44 | 755469 jomama
jomama's picture

can i take out a huge mortgage that i never could afford first?  i mean, hell, lots of other people did it, and i'm practically paying to keep their home prices artificially inflated.  i'm not a fan of rewarding irresponsible behavior.

Sat, 11/27/2010 - 11:12 | 757285 technovelist
technovelist's picture

Some of my favorite economists happen to be Jews (Mises, Rothbard, Goldstein). I am a student of Austrian Economics and want Ron Paul to be my President. I support a 100% fully backed, regularly audited Gold standard without a private central bank apparatus... Even though I work in IL, will probably soon lose my Government job and have to skip a Christmas or two for my children.

...

I JUST DON't WANT TO LIVE THROUGH ANOTHER GREAT DEPRESSION! I don't want to endure societal collapse and violence!

The only way we won't have another great depression is if the government stops trying to "help" by printing money. They need to let it go.

Since you are acquainted with von Mises, you should know that he pointed out that there is no way to prevent the credit contraction after a credit expansion. The only choice is between  deflation and hyperinflation. It looks like we're going to get the latter, which is worse than the former, but even the former would be disastrous for creditors, given the absurdly excessive levels of debt.

Thu, 11/25/2010 - 23:04 | 755370 gwar5
gwar5's picture

"Just who the hell do you people think your are??" -- Nigel Farage

 

A national hero, and I'm talking here for the USA! He nails it. The People there ought to elect him to higher office and set him free to just kick ass. Brilliant.

Tea Party has gone global?

Thu, 11/25/2010 - 23:47 | 755411 Political Athiest
Political Athiest's picture

The emperor has no clothes. The Ron Paul of Europe.

Fri, 11/26/2010 - 00:12 | 755433 toathis
toathis's picture

Tons of hatred for Ron all around. I wish people would WAKE UP before it is too late. Don't you realize why he is pushing Gold? I hope you wake up to the EXACT reason why. Alan Greenspan has been honest latley even though Bernanke is lying. YOu been listening?

There is a reason behind the fact Ron's son was one of two (Rubio+Paul) out of all the Tea Partiers that won. Rand Paul DOES NOT EQUAL Ron Paul though, so don't mix them up if Rand votes opposite his dad on anything ( we haven't seen him as a Senator yet though). Rand won because of his Dad's courage (proven for a couple decades ON RECORD- on the issues).

I hope you all don't think Rand was elected by the majority of Kentucky to return the US to a Gold backed dollar. You would be wrong.

It just makes me angry because their is a lot of hate towards Ron on other financial blogs due to the issue of GOLD and GOLD alone. When are you people going to realize that a return GOLD STANDARD has NEVER been something Ron Paul, nor recently with Rand, has ever RAN ON! (look at the votes on the Iraq War, TSA, Homeland Security, Property Rights and Liberty Issues)

It has always been about the PRIVATE CENTRAL BANKING APPARATUS! Ron never even stated PUBLIC INFUSTRUCTURE bank -like Hamilton and Andrew Jackson advocated- was out of the question.

He knows "the System". He just wants to END IT. Keep repeating and plaster it on every billboard in sight, "End the FED". Simple language like "Yes We can", the sheeple can understand- not all read ZH.

Sorry to run-on. I just get deleted all the time from other sites for mentioning Ron Paul and Gold in the same sentence. Ron talks about Gold but has NEVER NEVER NEVER NEVER stated in an election campaign that if elected President he would put the US bank onto 100% Gold. He mostly talked about the issue during the mid-70s because he didn't want a 100% debt-based monetary system. So DO YOUR HOMEWORK before speaking or deleting!

I hope after I spent all the time typing this out you will do more research on Ron Paul and learn the real reason he talks about the issue of Gold. Greenspan, not Bernanke, is important to pay attention to. I don't want to come out and say the exact reason why he is NOW suddenly pushing an Audit of Fort Knox in the face of all this.

Happy Thanksgiving Day :)

Fri, 11/26/2010 - 00:40 | 755466 jomama
jomama's picture

tea party lost all credibility in my eyes when Beck and Palin joined their ranks.

 

they don't represent the people any more than the 'other two' corrupt 'parties'.

Fri, 11/26/2010 - 01:47 | 755513 toathis
toathis's picture

They represent "Special" interests, just like EVERYONE ELSE they accuse of doing the same. It is up to the viewer to do their own research. (What is in it for them to spill the beans?).

What is wrong with "Protectionism" exactly? Is that just another name for "Nationalism"?

My special interest group is America. Why is it that we had to have one President die for this already? I wasn't alive for it, but I am sure many of you still are!

 

Fri, 11/26/2010 - 00:01 | 755431 Seasmoke
Seasmoke's picture

Nigel, just said it like it is......GREAT SPEECH !!!.....we need many more HONEST speakers like Nigel Farage

Fri, 11/26/2010 - 00:11 | 755438 web bot
web bot's picture

#uck... I can learn so much from this guy, and become even more crude and sardonic in my young age. Just how the #uck do you top a guy like Farage? Man, this guy is one piece of work.

I'm following him on YouTube... there is so much I can learn from him...

Fri, 11/26/2010 - 01:52 | 755509 toathis
toathis's picture

debt doesn't matter if it is paid in your own currency. Japan is a GREAT EXAMPLE. (Who is going to come to collect?)

US default by cutting 10% across the board, end debt obligations to China.

After all, in Japan... FULL EMPLOYMENT! UE is only 5% there. 200% debt-GDP. still no problems.

It took all this time to get to 90% debt-GDP US.

We have another decade, at the least. Plenty of time to go. Bernanke has already done some of the work. He successfully replaced 2% of GDP without any doom. Just a bit more and THIS DOOM IS ALL OVER! THANK A HIGHER POWER! GOvernment can cut 5-10% across the board and everything is over. We hit bottom. THAT IS ALL FOLKS!

Social Security age needs to be lower so young people can have FULL EMPLOYMENT INSIDE THE US. Unless no one cares about sovereignty...

Mike Pence is attempting to sneak in a new FED bill in the name of ending the "FUll Employment" mandate, why? Because an "earmark" will be stapled to the bill renewing the Federal Reserve System charter which expires in 2012. GOT IT!? Why do you think Rand Paul wants to ban earmarks- here and now- before becoming a Senator offically!?

End the FED or Modify the Mandate (+renew the system for another century). Your choice!

Fri, 11/26/2010 - 05:37 | 755587 Shylockracy
Shylockracy's picture

Keep on telling the truth, Mr Farage, and shame the devil.

The EU Commissioners are budding Soviet Commissars. If we let this poison ivy spread, soon Gulags and commie-style shots in the back of the head will be back in Europe.

You have been warned.

 

Fri, 11/26/2010 - 08:39 | 755633 toathis
toathis's picture

Mr. Farage doesn't comment here. Do you live in Europe?

Here in America we REVOLTED against Britian style Democracy and......... BANKING!

I dont care about Europe! I care about US!

Remember TSA scanners are in BRITIAN!!! YEP! Not EU. I guess you are a Loyalist.

US can end all the misery by going protectionist and dropping DEBT BASED money!

Final step, pull out the troops and cut the world loose.

When we are done, Samuel Adams can pour us some lager and we can celebrate together the 21st Century Renaissance after the QUICK PEACEFUL Revolutiion 2.0!

Bill O'Reilly calls it "Pinheads VS. Patriots". Back in 1776 it was Loyalists Vs. Patriots. (Media loves to manipulate those words- Birthers, Birchers, Hippies, Tea-Baggers, Truthers, Fed(ers), Racist, Fear-Monger, McCarthitytes, Conspiracy Theorist, Radical, Muslim, Keynan, Terrorist, etc. (<<I'll prolly get a junk from one of the ZH robos).

Whatever, looks like you pussy...cats... want the US to remain cOnQUERED.

Fri, 11/26/2010 - 07:51 | 755640 belsebub
belsebub's picture

Mary is the proprietor of a bar in Dublin . She realises that virtually all of her customers are unemployed alcoholics and, as such, can no longer afford to patronise her bar. To solve this problem, she
comes up with new marketing plan that allows her customers to drink now, but pay later. She keeps track of the drinks consumed on a ledger (thereby granting the customers loans).

Word gets around about Mary’s "drink now, pay later" marketing strategy and, as a result, increasing numbers of customers flood into Mary’s bar. Soon she has the largest sales volume for any bar in Dublin .

By providing her customers' freedom from immediate payment demands, Mary gets no resistance when, at regular intervals, she substantially increases her prices for wine and beer, the most consumed beverages.
Consequently, Mary's gross sales volume increases massively. A young and dynamic vice-president at the local bank recognises that these customer debts constitute valuable future assets and increases Mary's
borrowing limit. He sees no reason for any undue concern, since he has the debts of the unemployed alcoholics as collateral.

At the bank's corporate headquarters, expert traders figure a way to make huge commissions, and transform these customer loans into DRINKBONDS, ALKIBONDS and PUKEBONDS. These securities are then bundled
and traded on international security markets. Naive investors don't really understand that the securities being sold to them as AAA secured bonds are really the debts of unemployed alcoholics.
Nevertheless, the bond prices continuously climb, and the securities soon become the hottest-selling items for some of the nation's leading brokerage houses.

One day, even though the bond prices are still climbing, a risk manager at the original local bank decides that the time has come to demand payment on the debts incurred by the drinkers at Mary’s bar. He
so informs Mary.

Mary then demands payment from her alcoholic patrons, but being unemployed alcoholics they cannot pay back their drinking debts.Since, Mary cannot fulfil her loan obligations she is forced into bankruptcy. The bar closes and the eleven employees lose their jobs.

Overnight, DRINKBONDS, ALKIBONDS and PUKEBONDS drop in price by 90%. The collapsed bond asset value destroys the banks liquidity and prevents it from issuing new loans, thus freezing credit and economic
activity in the community.

The suppliers of Mary’s bar had granted her generous payment extensions and had invested their firms' pension funds in the various BOND securities. They find they are now faced with having to write off her bad debt and with losing over 90% of the presumed value of the bonds. Her wine supplier also claims bankruptcy, closing the doors on a family business that had endured for three generations, her beer supplier is taken over by a competitor, who immediately closes the local plant and lays off 150 workers.

Fortunately though, the bank, the brokerage houses and their respective executives are saved and bailed out by a multi-billion euro no-strings attached cash infusion from their cronies in Government. The funds required for this bailout are obtained by new taxes levied on employed, middle-class, non-drinkers who have never
been in Mary’s bar.

Now, do you understand economics in 2010?

Fri, 11/26/2010 - 08:14 | 755649 YHC-FTSE
YHC-FTSE's picture

+ Nice. 

Don't forget the companies that hiked up the ratings with bond insurance. 

Fri, 11/26/2010 - 11:46 | 755793 RockyRacoon
RockyRacoon's picture

Very nice.  I sent that out to a few friends, with proper attribution.

 

Fri, 11/26/2010 - 10:05 | 755700 Kaiser Zose
Kaiser Zose's picture

Wow!  That guy gets it.

Fri, 11/26/2010 - 10:23 | 755718 Yes We Can. But...
Yes We Can. But Lets Not.'s picture

What a mess on both sides of the pond.  On this side consider the American president.

1) It would appear that his daddy ain't who he says.  It would seem likely that his real daddy is a guy named Frank Davis: http://www.dittowire.com/.a/6a010534d2b08f970b010535bc9f4b970b-800wi

2) He won't show you his real hardcopy birth certificate: http://www.examiner.com/civil-rights-in-portland/barack-obama-must-relea...

The digital copy floating around the internet (front side only - not the back side with the stamps on it) is apparently bogus and in any case does not include all the data that would be on the hardcopy: http://www.freerepublic.com/focus/f-bloggers/2136816/posts

3) Man may not be qualified for federal employment, since he apparently never registered for Selective Service. And when he finally did register, he apparently did so fraudulently: http://www.debbieschlussel.com/archives/004431print.html

4) Even his social security number is suspect: http://www.westernjournalism.com/exclusive-investigative-reports/the-mys...

Fri, 11/26/2010 - 10:51 | 755741 Leraconteur
Leraconteur's picture

I cannot meet your burden of proof and I am over 50 and I was born in New York State.

My b/c is a copy, 3rd one I have used. It's a piece of blue paper with a slight

embossed stamp in one corner. There is nothing on the back side of my b/c.

The back is completely blank. There are no stamps or apostilles. It's just a plain blue piece of paper. It isn't old, it's less than a few years old.

The information on it was recorded in a book as line items that are copied and

then typed onto the copy I request.

There is no extra data to be recorded. Your assumptions are in error.

If I were to scan it and send a copy to you it would look very much like PBHO's

b/c.

Fri, 11/26/2010 - 20:19 | 756580 Seymour Butt
Seymour Butt's picture

I find your response offensive and uninformed. The only reason you hate Obama so much, is because he is Black.

Why not stand up and call yourself for what you truly are: a Racist.

 

I was born in this country 40 yrs ago in the same city as Obama (Honolulu, HI). My birth certificate looks the same as his. Are you telling me I am not American? Are you questioning all people born in Hawaii as not being Americans?  

How dare you!!!

 

 

 

Fri, 11/26/2010 - 12:18 | 755852 ATG
ATG's picture

The Thanksgiving Hoax seems appropos here

http://mises.org/daily/336

Fri, 11/26/2010 - 13:35 | 755967 onlooker
onlooker's picture

-----YHC--------- Fine, I guess you are new to the internet. Click on any of the links below:----------- Yeah, you caught me red handed. I am not internet smart, or maybe just not smart. Anyhow I appreciate the links and your generosity of providing them.

 

I guess you missed my statement about my not having a positive argument for any war the US has been in. I however missed your point and thought that you asserted that there were 300,000 atrocities committed by US troops. Like a bayonet of pregnant women, shooting of 6 year olds in the back of the head, lopping off of heads, road side bombs blowing up camels and children and women, or hanging tortured fighters off the sides of bridges.  I think you allude to acts of intent that are against the Rules of the Geneva Convention. No doubt that happened. Not sure how Jihad plays into that treaty as they were not a signer of it. I think a uniform is a requirement to be a participant. This is not a new problem. Nam had 6 year olds with grenades that were problematic.

 

The reason I am opposed to war is that purpose of the US military is to close with and destroy the enemy. Yes, they do a bunch of other stuff like feeding and protecting and other stuff, but that unfortunately is not often mentioned. But war generally involves killing. Bad guys are not always the only ones who go dead.

 

You may get Islam or N. Korea to buy the image of the ugly American. It does not play well to most of the US public. Obama went around the World telling how we sure did make mistakes in the past but that is all changed. He wanted everybody to love us. Unfortunately that is not the real World.

 

The US will fight back. Bad things could happen. The best way to avoid it is to not attack the US, its troops, Embassies, ships, aircraft, or Citizens.

Fri, 11/26/2010 - 19:34 | 756446 YHC-FTSE
YHC-FTSE's picture

Onlooker,

You're welcome and there is no shame in being a novice at anything. I am sure your expertise will grow with practice and your views appreciated by many who will be fortunate enough to come across them. If I appeared terse in reply, then I feel obliged to let you know that I think you are obviously a decent person with a conscience whose sentiments echo my own. 

I travel to the States often, East and West coasts, have close relatives who were born there, and sometimes I despair at the open violence and ignorance that permeates large sections of your society. Similar arguments could also be made about my London too of course, but what surprises me most is the almost total lack of knowledge shown by ordinary Americans about anything that happens outside the USA, and the deadly games the Pentagon plays which often result in a phenomenon called "Blowback". It's like a self-imposed curtain of censorship throughout the US media, and anyone who questions it is deemed unpatriotic.

Like you, I obviously abhor war, and cannot think of anything more sinful, wasteful, and stupid than sending our teenagers to go and kill other teenagers in backward places where they will be hated for their intrusion into their lands. But I have a slightly different point of view to yours about the use of military power as an extension of foreign policy. Sometimes, perhaps most of the time, these attacks come as a direct result of American attacks on them, their lands, their culture, and their natural resources. Either directly or by proxy. It's both more complicated and simpler than it appears, and not about the infantile saying, "bad people hating our freedoms". 

Whether you recognize it or not, the USA dominates the World by military power. Not good will, not Disney, not Hollywood, nor Lindsay Lohan. Military. I call it a Military Industrial Complex, a term that was coined by President Eisenhower in his famous farewell address to warn the nation about its pernicious dangers. You now have over 700 military bases in 130 countries, another 6000 bases in the US and its territories, 13 naval task forces, and between 500,000 to 1M active military personnel. Look at it from an outsider's point of view and you might begin to see that this is totally wrong for a nation that calls itself a peaceful democracy. There's no space to write about the activities of the CIA and their black ops - the cause of most blowbacks. 

However you feel about what I have written, I want you to know that I think people (Truth tellers) like you are what make America and Americans admirable, and I regret giving offence or discomfort because I shared what little I know. Whatever you do, when you find out about the use of depleted uranium shells on Iraqi civilians, the 1/2M birth defects caused by Agent Orange in Vietnam, false flag operations, the safe houses for torturing suspects around the world, and a thousand other things, please don't hate your own nation because I don't -  thanks to people like you. If you must hate, then hate individuals who made it happen instead.

All the best to you and your loved ones.

Edit: There is a small blue clickable "reply" just below this paragraph on the left which you may use to reply to specific posts. It makes it easier for me to find and create threads of conversation.

Do NOT follow this link or you will be banned from the site!