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The REAL Reason the EU is Implementing Border and Capital Controls

Phoenix Capital Research's picture





 

 

The following is an excerpt from my latest issue of Private Wealth Advisory. In it I outline two key developments in Europe which virtually NO ONE is talking about: the creation of border controls and capital controls. The political elite are doing this for only one reason: they know it’s GAME OVER in the EU.

 

The EU in its current form is finished. Done. Game Over. I’ve been saying this for months. But it’s a fact. Europe has literally run out of money. Indeed, the ECB’s interventions are now not only toxic for those participating in them (those banks taking money via the LTRO have been crushed in the credit market) but are losing their impact (LTRO bought only one month of market gains).

 

Again, the EU is finished. And the powers that be know this. Indeed, the following should give you an idea of how serious things are getting:

 

            A Vote of No Confidence in Europe

 

Germany and France's joint proposal to allow Schengen-zone countries to temporarily reintroduce border controls as a means of last resort might sound harmless. But doing so would damage one of the strongest symbols of European unity and perhaps even contribute to the EU's demise.

 

Germany and France are serious this time. During next week's meeting of European Union interior ministers, the two countries plan to start a discussion about reintroducing national border controls within the Schengen zone. According to the German daily Süddeutsche Zeitung, German Interior Minister Hans-Peter Friedrich and his French counterpart, Claude Guéant, have formulated a letter to their colleagues in which they call for governments to once again be allowed to control their borders as "an ultima ratio" -- that is, measure of last resort -- "and for a limited period of time." They reportedly go on to recommend 30-days for the period.

 

http://www.spiegel.de/international/europe/german-and-french-proposal-for-border-controls-endangers-european-unity-a-828815.html

 

This story has been almost completely ignored by the mainstream media. Let me ask you this… do you think Germany and others are really concerned about an influx of migrants? Of course not, the whole idea is ridiculous. Italy was supposedly upset about 25,000 migrants from North Africa… Italy has a population of 65 MILLION!

 

No, the move to create border controls is about one thing only: stopping people from fleeing with their money when the collapse comes. The political elite in Europe are watching the bank runs in Spain and Greece and know that when the big Crash comes similar runs will occur throughout the EU.

 

Consider the following story and you’ll see what I mean:

 

Swiss eye capital controls if Greece goes

 

The Swiss National Bank is considering imposing capital controls on foreign deposits if Greece leaves the euro, as the franc comes under heavy demand from investors seeking a haven in Europe.

 

Speaking to Swiss media, Thomas Jordan, head of the Swiss central bank, said the Swiss government and the SNB were looking at ways of dealing with an expected flood of foreign money into the country in the event of a Greek exit from the eurozone.

 

http://www.ft.com/cms/s/0/d7678676-a810-11e1-8fbb-00144feabdc0.html#axzz1wNKR2leW

 

Potential border controls in the EU and capital controls in safe haven Switzerland to stop inflows of funds? If that doesn’t tell you point blank that the political elite in the EU are scared stiff, nothing will.

 

Indeed, Germany has made a massive power grab to control most of Europe’s finances… but under one condition: it be given access to other members’ gold reserves as collateral.

 

            Europe’s debtors must pawn their gold for Eurobond Redemption

 

Southern Europe’s debtor states must pledge their gold reserves and national treasure as collateral under a €2.3 trillion stabilisation plan gaining momentum in Germany.

 

The German scheme -- known as the European Redemption Pact -- offers a form of "Eurobonds Lite" that can be squared with the German constitution and breaks the political logjam. It is a highly creative way out of the debt crisis, but is not a soft option for Italy, Spain, Portugal, and other states in trouble.

 

The plan is drafted by the German Council of Economic Experts and inspired by Alexander Hamilton’s Sinking Fund in the United States -- created in 1790 to clean up the morass of debts left by the Revolutionary War. Flourishing Virginia was comparable to Germany today…

 

The plan splits the public debts of EMU states. Anything up to the Maastricht limit of 60pc of GDP would remain sovereign. Anything over 60pc would be transfered gradually into the redemption fund. This would be covered by joint bonds.

 

Italy would switch €958bn, Germany €578bn, France €498bn, and so forth. The total was €2.326 trillion as of November but is rising fast as Europe’s slump corrupts debt dynamics. The sinking fund would slowly retire debt over twenty years, using designated tithes akin to Germany’s "Solidarity Surcharge".

 

In effect, Germany would share its credit card to slash debt costs for Italy, Spain and others. Yet it is the exact opposition of fiscal union. While eurobonds are a federalising catalyst, the fund would be temporary and self-extinguishing. "The fund is a return to the discipline of Maastricht with sovereign control over budgets," said Dr Benjamin Weigert, the Council of Experts’s general-secretary…

 

The fund implies a big sacrifice for Germany. Its interest costs on joint debt would be much higher than today’s safe-haven rate of 1.37pc on 10-year Bunds. Jefferies Fixed Income says it would cost 0.6pc of German GDP annually. The Council of Experts -- or `Five Wise Men’ -- argue that this would be modest compared to the growth adrenaline of rescusitating monetary union.

 

Yet it is not charity either. One official said a key motive is to relieve the European Central Bank of its duties as chief fire-fighter. "We have got to get the ECB out of the game of distributing money, and separate fiscal and monetary policy. Germany has only two votes on the ECB Council and has no way to control consolidation," he said.

 

Germany would have a lockhold over the fund, able to enforce discipline. Each state would have to pledge 20pc of their debt as collateral. "The assets could be taken from the country’s currency and gold reserves. The collateral nominated would only be used in the event that a country does not meet its payment obligations," said the proposal.

 

http://www.telegraph.co.uk/finance/financialcrisis/9298180/Europes-debtors-must-pawn-their-gold-for-Eurobond-Redemption.html

 

Folks, the EU End Game is now officially in play. Germany has played its hand: if you want us to foot the bill we want your Gold. This tells us:

 

  1. Germany is aware that most EU Sovereign bonds and paper are garbage (this is confirmed by the fact that Germany has passed legislation allowing its own banks to dump EU Sovereign bonds into a bailout fund during a Crisis).
  2. Germany will only put up more money if it’s granted fiscal control of the EU and Gold bullion as collateral.
  3. Germany is the REAL monetary power in Europe (not the ECB).

 

I believe this is Germany’s final push for EU control. If this fails and Germany ceases to offer additional bailout funds in some form then the EU will collapse (as noted earlier, the ECB, IMF, and US Fed cannot prop the EU up nor will the ESM mega bailout fund work). Spain’s literally on the verge of seeing a bank holiday. Germany is the only one who might have the funds to prop it up. And Germany wants gold.

 

In plain terms, the EU will likely not last through the summer. It’s literally GAME OVER time. Various proposals will crop up (such as Germany’s “cash for Gold” program), but no one (not even Germany) actually has the funds to support the avalanche of banking failures that is coming.

 

THIS is why various countries are moving to put border and capital controls in place. They know the game is up. It’s now just a matter of time before things go from ugly to truly disastrous.

 

On that note, if you’re not preparing for the collapse of the EU, you need to do so now. I recently published a report showing investors how to prepare for this. It’s called How to Play the Collapse of the European Banking System and it explains exactly how the coming Crisis will unfold as well as which investment (both direct and backdoor) you can make to profit from it.

 

This report is 100% FREE. You can pick up a copy today at: http://www.gainspainscapital.com

 

Good Investing!

 

Graham Summers

 

PS. We also feature numerous other reports ALL devoted to helping you protect yourself, your portfolio, and your loved ones from the Second Round of the Great Crisis. Whether it’s a US Debt Default, runaway inflation, or even food shortages and bank holidays, our reports cover how to get through these situations safely and profitably.

 

And ALL of this is available for FREE under the OUR FREE REPORTS tab at: http://www.gainspainscapital.com

 

 

 

 

 

 

 

 


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Wed, 06/06/2012 - 16:10 | Link to Comment fermata
fermata's picture

Shibumi2
Forgive my English but that's all you have to say ...that's sad !

Wed, 06/06/2012 - 12:09 | Link to Comment CustomersMan
CustomersMan's picture

Germany may get to control the gold reserves, but how much is real gold?

I'm wondering how many of the gold bars are actually gold plated tungsten.

 

It seem that since Germany spotted some of the first "fake bars" they will be on the watch for others.

Wed, 06/06/2012 - 11:18 | Link to Comment Sandmann
Sandmann's picture

Germany and France's joint proposal to allow Schengen-zone countries to temporarily reintroduce border controls

 

It was done for French Elections at Sarkozy's request - there are Votes in France on 10 June and 17 June

Wed, 06/06/2012 - 12:01 | Link to Comment the tower
the tower's picture

They happen all the time, just not at the border.

Since Schengen became reality, bordercontrols are abolished, but in return police can ask to check you anywhere and ask for an ID, usually drug related. So if you travel from Holland to France you can be checked on the highway, or on the train, far from the border.

In countries like the Netherlands there never was an ID carrying duty, now there is.

Still, it rarely happens, and, like I said, it's usually drug related, or to find illegals.

 

Wed, 06/06/2012 - 11:06 | Link to Comment ElvisDog
ElvisDog's picture

Question: would Germany take physical possession of the gold collateral? It seems to me a key point. If the other countries pledge their gold as colleteral but keep the gold within their borders, what is Germany going to do if they default on their Euro bonds-lite at some future date?

Wed, 06/06/2012 - 10:49 | Link to Comment Shibumi2
Shibumi2's picture

Who exactly is GRAM STAIN...and HOW does he crank out the FIAT INFORMATION?

When I research a particular trade, it may take weeks or months, but yet this self styled EXPERT OF ALL THINGS issues his "paperwork" tsunami style.

 

I suppose if one has the internet at one's disposal and hires a million Indians and puts them in front of a keyboard...

Wed, 06/06/2012 - 10:45 | Link to Comment fermata
fermata's picture

Dear Zero Hedge  I am a  citizen  of   -much talked in our days -Greece   After reading so many articles, i decided to ask you  in person my  simple question although i apologise for taking the  initiative . As you know in my country we are living in a terrorizing   environment for the last years which forced me to search for safe havens for my property. As a result i have deposited like many others my money at foreign banks ,which brings me  to my question. The new bonds will be under the English Law , so  is it possible for a Debt owner to move against my deposits in the worst case of a Greek bankruptcy? Is there a chance to be forced to pay for my Country's public debt by freezing bank accounts? I know  the difficulties of answering   but  please try to  understand my desperate situation . My best regards 

Wed, 06/06/2012 - 11:55 | Link to Comment Broomer
Broomer's picture

Half in Swiss Francs, half in gold. This should protect you against inflation and deflation.

You can't eat the things mentioned above, have enough food - and water - for the time you think that would be reasonable.

Remember Greece is facing the risk of having 30% of electric supply cut off because Gazprom is not receiving payment for gas - you will want to be independent of electric refrigeration.

Wed, 06/06/2012 - 11:20 | Link to Comment Sandmann
Sandmann's picture

Unless your funds are Government funds I don't see how but switch them into Bearer Bonds and deposit in Switzerland or Hong Kong - better still buy Shares in London and then sell booking the proceeds to a Stockbroker Account

Wed, 06/06/2012 - 10:51 | Link to Comment Shibumi2
Shibumi2's picture

How DARE you take the initiative!

Wed, 06/06/2012 - 10:44 | Link to Comment Shibumi2
Shibumi2's picture

heh...heh heh... heh...

 

He said JOINT BONDS

Wed, 06/06/2012 - 10:42 | Link to Comment tony bonn
tony bonn's picture

it's been a long time since i said it, but he who owns the gold makes the rules.....the anschluss rolls on....

Wed, 06/06/2012 - 10:43 | Link to Comment JohnKozac
JohnKozac's picture

Timmy threatens Syr*a:

 

Geithner to warn Syria of UN move on use of force, urges maximum pressure through sanctions

 

WASHINGTON - U.S. Treasury Secretary Timothy Geithner is warning Syria that the international community may soon seek a resolution at the United Nations Security Council that could authorize the use of force.

 

http://news.yahoo.com/geithner-warn-syria-un-move-force-urges-maximum-11...

 

I guess the bankers want a piece of the action. Ho wmuch gold do they hold?

Wed, 06/06/2012 - 12:41 | Link to Comment lakecity55
lakecity55's picture

Seizure of Syria by Banksters; but Russia and China will veto action.

Wed, 06/06/2012 - 10:34 | Link to Comment Kreditanstalt
Kreditanstalt's picture

This is a back-door fiscal union attempt...

Wed, 06/06/2012 - 16:37 | Link to Comment OpenEyes
OpenEyes's picture

those back-door unions can be tricky

 

Wed, 06/06/2012 - 10:04 | Link to Comment hedgeless_horseman
hedgeless_horseman's picture

 

 

Didn't the U.S. kick around the idea of border controls?  I think it was voted down because illegal immigrants help the U.S. to export inflation.

Wed, 06/06/2012 - 10:00 | Link to Comment Grand Supercycle
Grand Supercycle's picture

<strong>SPX rally warning & USDX retracement warning now confirmed & good (counter trend) equity upside expected.<strong>

http://www.zerohedge.com/news/2012-12-24/market-analysis

Wed, 06/06/2012 - 09:53 | Link to Comment Genève Barbegazi
Genève Barbegazi's picture

SNB should restrict capital inflows to assets and 2Y bonds earning negative returns...then they can offset their losses incurred in the BIS's FX operations!

Wed, 06/06/2012 - 09:26 | Link to Comment Bartanist
Bartanist's picture

I guess I am having a little trouble understanding why all the good thngs about the European Union have to go away simply because the banker power consolidation is supposedly floundering.

Why not keep the open borders and trade agreements, just scrap the Euro and send the technocratic bankers to the Gulag.

Wed, 06/06/2012 - 10:31 | Link to Comment Blue Horshoe Lo...
Blue Horshoe Loves Annacott Steel's picture

Are U Ron Paul?  That solution was smart & simple.  Politicians are not allowed to solve things, & definitely not without overcomplexity that harms the common man.

Wed, 06/06/2012 - 10:02 | Link to Comment Genève Barbegazi
Genève Barbegazi's picture

because without different currencies, the indebted nations won't be able to devalue a currency and attract business based on low labor cost.

Why would you pay someone from spain, who will show up late and take a siesta mid afternoon, the same wage in euros, when you could have someone in one of the northern countries (netherlands, germany etc.) do the same job but show up for work on time and be efficient.

Vastly different cultures (and their corresponding attitudes towards work) CANNOT function under the same currency on long time scale.

Wed, 06/06/2012 - 08:52 | Link to Comment Jack Sheet
Jack Sheet's picture

You'd think this jerk is sitting in on Murkle's cabinet meetings rather than sucking fantasy out of thin air and MSM. What a pile of steaming horseshit. Leck' mich kreuzweise am Arsch.

Wed, 06/06/2012 - 08:47 | Link to Comment Winston Churchill
Winston Churchill's picture

Wot,they don't want Spam.

Shit,have to go back to PM's.

Wed, 06/06/2012 - 08:45 | Link to Comment Hulk
Hulk's picture

I believe Graham thinks that Europe may be in trouble !!!

Got Gold Bitchez ??? 

The sale is over...

Wed, 06/06/2012 - 08:45 | Link to Comment mrktwtch2
mrktwtch2's picture

tyler..stop posting this guys doom and gloom he obvioulsy doesnt realize that when they abolished mark to market accounting in march of 09 the old rules dont apply anymore..

Wed, 06/06/2012 - 08:40 | Link to Comment giovanni_f
giovanni_f's picture

This contributor sucks. Same crap as last time. Ignore.

Wed, 06/06/2012 - 08:01 | Link to Comment justinius1969
justinius1969's picture

Border copntrols.. its happening and its getting nasty. Live just over border in Switz.  and now the French are manning the borders both in and out. Pulled over after having Lunch in France and was just harrassed for no reason, requested id for my children which we didn't have.. v unpleasant

Wed, 06/06/2012 - 07:54 | Link to Comment Pseudolus
Pseudolus's picture

I used to be a doomer too. Still am - but exhaustion with it has changed the sentiment. Nothing is ever over. It will continue, in whatever form - thats the doomed pessimism of Graves post-WW1 "But it still goes on"  - because the sumtotal of our material lives is vested to us by these institutions. We can't quibble with that: In the duel with the world we act as the worlds second, and not with sovereign right, so their presumption of our servitude is unchallenged and well founded

Everyone talks of Europes end. What's the EU/WB axis talking about? In Europes end is its beginning: Golden growth

 

 

Wed, 06/06/2012 - 09:19 | Link to Comment boogerbently
boogerbently's picture

""The assets could be taken from the country’s currency and gold reserves. "

Maybe that's why the USA wants in on the EUrocure. Keep them in the EURO, we keep the USDollar, have all global fiat backed by gold, raise the price of gold.

Wed, 06/06/2012 - 11:02 | Link to Comment Pseudolus
Pseudolus's picture

I think thats the broad picture, evinced by dollar swaps & all that jazz...its all about the transition.

All fiat is in competition, for want of a better word, for usage - against other fiat and commodity money. Unfortunately for us, the service users, the basis of competition is not valuei . Thats because the Fed's customer is not the citizenry as per constitution, but USG through the treasury; the ECB's customer is...which is why politicians role is that of corporate decline managers whose remit is delivering their constituency as factors of production in the interminable administration of public bankruptcy...

Maybe dollar-oil (Fed) sees off the Euro 'threat' for now (cf Another here). In any scenario, we all know its print for ever from this point - to feed Leviathan, fence us out of the sphere of value and destroy capital formation. 

Gold is for keeps for us little peeps - even if we don't live to see its price find anything like its value

Pseudolus

i: Quite rightly - how could it be with an empty promissory note as legal tender? To me, the miracle is it keeps as much value as it does

Wed, 06/06/2012 - 08:37 | Link to Comment LeBalance
LeBalance's picture

hey pukey snot-covered whiner, get back into the LAND, WATER, and SKY.

did those institutions give us those?  HA!

Wed, 06/06/2012 - 10:47 | Link to Comment Pseudolus
Pseudolus's picture

Thanks for your benefit of your wisdom

Ever heard of property rights? Vested...

Wed, 06/06/2012 - 07:51 | Link to Comment the tower
the tower's picture

The end is not coming, the end was 5 years ago.

 

War is almost over, no-one got killed.

Wed, 06/06/2012 - 08:40 | Link to Comment LeBalance
LeBalance's picture

let's check the body count.  Afghanistan, Iraq, Libya, Egypt, Syria, Yemen,  tick tick tick tock tock tock,,,,,You say no one got killed in the pre-warm up simulation part of the big GIG? hmmm that's not what my count says.

Wed, 06/06/2012 - 11:51 | Link to Comment the tower
the tower's picture

I was talking about Europe.

And there's no warm up, there's just a lot of shit going on.

Wed, 06/06/2012 - 07:51 | Link to Comment the tower
the tower's picture

This "news" is so last week.

Wed, 06/06/2012 - 07:51 | Link to Comment Zero Govt
Zero Govt's picture

The REAL Reason the EU is Implementing Border and Capital Controls

keep the peasants in, tax em to death so some lazy parasites can live off others backs... it's called 'democracy' apparently

 

Wed, 06/06/2012 - 10:10 | Link to Comment Sudden Debt
Sudden Debt's picture

the peasants still believe in the profitariat!

MOTHER STATE'S TITS WILL PROVIDE MILK FOR ALL OF US!!

untill she goes into menopause...

Wed, 06/06/2012 - 08:02 | Link to Comment Ghordius
Ghordius's picture

My dearest Zero Govt, as much as I appreciate your comments, here I have to point out the fact that Border Controls and Capital Controls are two completely different things. The article above is of the rubbish persuasion. Further, please note that:

- it's the US that is going to stop you from leaving the country if your tax position is not "cleared", not the EU countries. (link)

- we europeans on the continent are used to carry IDs (it's a legacy of the Napoleonic setup). this is becoming nicer and nicer if you think what the US police now is allowed to do. Our police forces are allowed to check on our ID and then they need a serious reason to search, and you can resist the search until they bring you to the police station. Don't try this on an interstate.

- the border controls have started because of the flash immigration from Tunesia, through Italy to France. Further cases: Denmark and Greece.

- the capital controls are not yet there, here - the case of Switzerland is separate, they are not part of the EU or EZ.

- for all purposes, democracy is functioning, here. otherwise ZH would not be full of articles from external commentators about how "stupid" the Greek or German electorate are, or how disfunctional our political setup is.

- the US is a country. the EU and the EZ are clubs of countries. it's a difference that is dear to us.

Wed, 06/06/2012 - 09:11 | Link to Comment Zero Govt
Zero Govt's picture

Dearest Ghordius, firstly America is waaaaaaaaaaay ahead of Europe implementing/enforcing border and capital controls and treating its citizens as slaves to be robbed of their hard earned. The US extends its reach of you 10 years past leaving America and not even earning a wage in the US

pretty sure that surpasses the wettest dreams of Mao and Stalin ...well done 'Land of the Free'

i agree "Border Controls and Capital Controls are two completely different things" but it's 2 chips off the same old block/attitude, the brat State thinking its citizens are serfs to be milked and controlled. 

The State thinks its problems are people are not controlled or taxed enough when the actual problem is the State is spending too much and is the one out of control running roughshod over society (ie. anarchy)

ZH has a Euro-bashing bias probably because they run so many 'reports' (propaganda) from those muck-rakers at Goldmans, JP Morgan et al 

"democracy is functioning here"

Where?

democracy has never functioned and will never function.. it is a sham.. freedom comes from the individual, not from a voting collective that puts puppets in a monopoly institution with power over and above the individual

Do you need a leader?

Do you need to be led anywhere??

What part of your life canot be resolved by your own actions???

Wed, 06/06/2012 - 11:41 | Link to Comment Ghordius
Ghordius's picture

my still dear Zero Govt ;-) , I agree with you that the recent and steadily increasing batch of freedom-curtailing laws being passed in the US will have an impact, those things have this damned tendency to creep over to europe, best seen by what the TSA is doing and how the damned useless airport security has been "improved" here (somebody has still to explain why, the blasted 9/11 flights were low-security internal flights, for criminy).

I also mostly agree with you on your views about governments - I think last time we had this kind of dispute my best argument was that we, on the greater landmass, never had the luxury of dreaming about a leaderless territory, because historically as soon as we started dreaming we were immediately annected some other, external leaders, be them the Lord next door or the Mongols or the Arabs or whatever horde was just wandering around... Anarchy (using the word in the neutral, factual sense) does not seem to last long, here.

But multi-party democracy does work here. Badly, of course. And maddening slowly. And interrupted by the recurring tyranny, yes. Still, it does work, when it works, and it's still the worst governance you can have, except for all the others.

Wed, 06/06/2012 - 13:47 | Link to Comment Zero Govt
Zero Govt's picture

Ghordius  -  multi-pary democracy does not work. 98% of what Govt passes was never in any Parties manifesto. And what is was proven by Gordon Borwn in court to be "not of reasonable expectation" by their voters. Namely a parties manifesto is a worthless piece of toilet paper, if you didn't know that already

what we have is a rogue parasite State in EVERY nation on Earth, only good economic times masks its eternal destructive forces (sucking of productive wealth and cuffing our freedoms)

Democracy is a nice liberal concept but even the briefest of investigations reveals what a sham it is from every angle both social and economic 

we don't need parasites (politicians) to manage our lives from cradle to grave. Time to give this sad joke called Govt the boot once and forever.. the socio-economic benefits will be immediate and bloody massive to our lives

Wed, 06/06/2012 - 14:02 | Link to Comment Ghordius
Ghordius's picture

Zero Govt, please, don't take Gordon Brown "Bottom" as a standard, my argument is based on how democracy functions in a multi-party constitutional setup, and the UK has a "first-around-the-post" system, though I have to credit the Brits for having nevertheless more than two parties (which of course are very minor).

Democracy is at work when one or more political parties are given the boot - the same was as Capitalism is at work when failing institutions are let go bankrupt. All the rest is propaganda and demagogy. (btw, Has anybody ever heard of the US Whigs party?)

Democracy is not easy and it forces the electorate to agonizing choices. Witness how young professionals in Greece are agonizing if voting the conservative ND that let them down or SYRIZA, that is new and has a few new ideas but is somewhat still a bunch of socialists.

Democracy and Capitalism are about HOW you fail and HOW the mess is afterwards cleaned up. They are about substainable CHANGE and renewal, for the benefit of the CITIZEN.

(not that sort the US dems were talking about)

Wed, 06/06/2012 - 10:28 | Link to Comment bshirley1968
bshirley1968's picture

And why do you get all the positive votes when I said some of the same things?  And where are the actual rebuttals to what I said below.  People vote but don't have a substantive argument to back up their vote.  True products of a dumb-ed down public educational system; the inability to think for one's self or formulate a coherent thought into the written word.

Wed, 06/06/2012 - 08:58 | Link to Comment bshirley1968
bshirley1968's picture

What a bunch of condescending garbage.  Don't even try to compare your psuedo-communist society with the freedoms we STILL have in the US.  The police in the US can't ask for or see my ID unless I have committed a crime.  We can tell them to "go get stuffed".  They can't search our homes without a warrant.  I can carry a gun on my hip down main street, you can't even own one.  And we don't have border controls, state to state, like you do in your little "union".  We have more than a MILLION immigrants cross our borders EVERY year.

Once again your arrogance has shown that you are a little person with little thoughts that thinks they are something more than the EVER will be.

Just a note of fact for you to mull over.  California (although they are broke because of their socialist BS of trying to be like Europe and pay for everybody so everybody can sit on their "arse" and make believe they are somebody) has the 9th largest economy in the world.  That means ONE of our states is richer and more prosperous than over half of your precious eurozone COMBINED!  Go back to the play ground or tea party with the rest of your eurozone leeches and leave the real subject matter to those who can handle it.

Wed, 06/06/2012 - 11:25 | Link to Comment Sandmann
Sandmann's picture

Only thing is California has 38 million people and every country in the EU bar Spain with >38 million population is richer than California

Wed, 06/06/2012 - 11:11 | Link to Comment Ar-Pharazôn
Ar-Pharazôn's picture

mate you poorly know the laws of your country.... really you americans are fucking dumb!

Wed, 06/06/2012 - 10:38 | Link to Comment Blue Horshoe Lo...
Blue Horshoe Loves Annacott Steel's picture

The US & EU are broke.  Are U arguing over who is broker/more broke?  1 is socialist heading to fascist & the other's fascist.  Go make stupid arguments over on Fox News' forums.

Wed, 06/06/2012 - 10:38 | Link to Comment rikoder
rikoder's picture

Man, that last paragraph is epic!

California richer than half Europe? LOL

Some people will never know shame... lucky you! :)

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