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SaxoBank CEO: "We Must Re-Evaluate The European Union"
Submitted by Lars Seier Christensen, CEO SaxoBank via his blog,
I have been interested in politics since I was a kid. That is why I remember Denmark’s European Economic Community (EEC) referendum, although I was only nine years old. Election nights were always exciting and I was allowed to stay up a little longer than I otherwise would be allowed to in our home in Loegstrup, outside of the town of Viborg in the western part of Denmark. Here, we had supper at 5pm, I then did my homework and went to bed at a proper time. It was a bourgeois home; my father was, by most accounts, conservative, but voted for The Liberal Party, as did most people in the countryside.
I remember the referendum on October 2, 1972, in a positive light. Denmark stepped onto the main stage and the support of the people was absolutely clear. Voter turnout was over 90 percent and almost two out of three Danes voted for Denmark’s entry into the EEC.
Confidence in European project slowly destroyed
The EEC was perceived as something positive in our home, as it was in most of bourgeois Denmark. I stayed unconditionally positive for many years to come. Even in the Young Conservatives, we were supporters of a European union and some of us even wore blue and yellow EU socks as a symbol of this attractive, long-term plan. But despite this very positive starting point for our view of the EU, I must confess that, over time, this support and optimism evaporated. Massive central bureaucracy, European arrogance and lack of respect for the independence, history and culture of the national states slowly destroyed confidence in the project.
When I look back, I must admit that it took me too long to recognise what the European project really was. But I also have to state that this recognition came much later to many others and some of our career politicians obviously still do not get it. But the Danes, the citizens, the people have smelled the rat. From this point on, it will just be more and more uphill for the EU supporters when new measures need to be adopted, although there is no reason to believe that they will not be trying over and over again.
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NOW ya tell us
Yeah... Right after that Spanish guy says to surrender to Germany
Oh wait, that's the 5th Reich, not the EU
Gotcha
Angela, doing Adolph's work
Whenever I have traveled to Europe, I have not once heard anyone refer to themselves as European. There are 47 independent European countries and over 87 distinct ethnic groups. Each has its own set of separate cultural customs and groupthink. Many of these ethnic groups have had contentious relations with each other for hundreds of years, if not longer. To believe that the people can be united under a common flag is beyond farcical.
They are bringing the frogs to a boil ever so slowly. *
* metaphorically speaking, of course, unless you happen to be French.
Exactly, and why should they.
So the 10% had it right all along.
Sounds just like the US of A then. Everyone belongs to an ethnic, racial, hyphenated faction of the population.
The quisling local leaders like in Spain who are sunk with tiny popularity and will soon be removed from office, for betraying their own people, are not the guide to what is happening in Europe
Lars Christensen is speaking for EU peoples in the above article, he is the voice of the quickly upcoming EU future ...
The writing is on the wall
The EU is past its peak, the euro-zone will fragment and split up into pieces
And the EU will continue in a much-reduced, much-humbler form, as a customs-free trading zone and a more genuine partnership of nations
The tide of the European peoples in the streets will win, and most of the current crop of EU government leaders will be swept away
The EU is failing for the same reasons the USSR failed. This is probably because the EU closely resembles the USSR.
Europe resembles the USSR more after it collapsed...
thoefs are stripping the countries down...
politicians are like gangsters...
the law is the same for everybody but not everybody...
In the USSR they pretended to pay us, and we pretended to work.
It won't end like the USSR though. The USSR had no will to continue, and simply fell apart once the Kremlin yoke was lifted by Gorby. European Integration at any cost is the prevailing ideology of European elites today. The final integration step will probably be done suddenly in a crisis on an "emergency" basis.
"The final integration" Has a nice social engineering ring to it. or we can call it the ultimate desegregation.
"The final solution" has already been used, and everyone should know how that turned out...
The entire Euro and EU project had one end point in mind - a Federalized Europe.
The will of the people means nothing. TPTB will create crisis, strife and fear and the people will simple give in.
The US of E! Print those Euros to oblivion baby. That's the great plan.
If you want FOREwarning you have to pay full-service ripp-off artist - like GS.
And even then you need a banker-speak to human-speak translation.
Lesson to be learned from Cameron
roflmfao, you almost head me but with this chapter you just gave it away. Nice troll Saxon, nice troll.
I did not read the article but can I panic now?
Why give up now when the national "leaders" are prepaired to seed sovereignty? Germany will take Europe withouf firing a shot.
Why do people keeping saying "Germany," "4th Reich," and other nonsense like that? The people who run Germany today and push these solutions are doing them not on behalf of the German people, not to aggrandize any German ambitions, they are simply doing this on behalf of their actual masters, International Finance. Germans are as much chattel in this as are Frenchmen, Portugese, Greeks and so forth. The "German" leaders are not accountable to the German people and don't even harbor German sentiment, they got to where they are now thanks to the guiding hand of finance, same as everyone else's leaders including the USA's.
Maybe, the German people tolerate and elect them.
Hence, they have their share of responsability...
By the same token all Americans are guilty of droning the shit out of poor Pakistanis ?
Right.
I voting ever changed anything they would make it illegal
Ya gotta invest yer "political capital" somewhere...
"The financial sector will have moved to the U.S.A, China, Hong Kong and Singapore." - Sounds like a win-win to me. What exactly does the financial sector actually create of real value again? I mean, other than financial "products" of mass destruction?
Didn't he get the memo? All member states must cede control to Germany and all will be well in the world......
Yup and the EU Commission was seen dancing up a storm to their new theme song after hours...
http://www.youtube.com/watch?v=gXNhL4J_S00
In best James Earl Jones voice, "Sweet mother of God. They've turned right into it!"
Twitter NextGen- now with the ability to move markets faster than Ben Bernanke.
Hurray for sanity! Break up the EU!
Is that the news that tossed the /ES off the cliff just now?
Dow just dropped 100 pts in seconds
The AP was hacked and falsely reported that Barry was injured. They quickly corrected the report and the market recovered.
Dow just had a flash crash down and back up!
holy fucknuts Batman!!!!
/Es dropped 20 points and bounced 20 points on massive volume in 10 minutes. WOW
HACKER...so says TradeTheNews.com
Hayek laid it out quite well in the 1930s with his book The Road to Serfdom, espescially the inevitable rise of totalitarianism.
However, in counterpoint, Carl Sagan, when asked if he thought there was life on other planets replied that no, he didn't think so, if life had evolved to our stage of advancement they would have destroyed themselves. [I'm sure he said it much more eloquently.]
Real life problems, like the Natural Sciences, are best solved when reverting to Basic Principles.
What the Europeans need is a corporate reorg. The weak and the strong must go separate ways.
Inasmuch as you would not break up an entire company over its fiscal problems, SOME just HAVE to go. Bye, bye!
If these weak members want to form their own club/tradezone, so be it. But 'Go!' they must. If a debt jubilee plus a massive RIF in Brussels does not take place.
The weak and the strong must go their separate ways only after the weak have given up all their barbarous relics.
This article manages to avoid an analysis of what the European problem is and then cites a politician who argues that more Europe is the answer..Since politicians and private bankers caused the problem the only thing that seems clear now is that they are the last people to take seriously in terms of providing a solution. The discussion needs to be about how to unwind the Euro so nations can reclaim their right to create money and what to do about the private bankers and politicians who conspired to create the mess the Eurozone has become. Advocating more Europe is about as intelligent as advocating more cancer to a cancer patient.
You are asking for those who created and proffited from the fraud to hold themselves accountable. Good luck with that. The same fascists own your representation and legal system. Only the guillotine can save europe now/again.
Ya gotta give the Chemo something to kill, after all...
Move your Euros to Germany. The DM might come back.
Make sure the serial numbers of your euro banknotes begin with an X.
http://en.wikipedia.org/wiki/Euro_banknotes#Serial_number
thank you very much but i think i'll stick to gold instead
Can't they just set up a bad Europe?
They did, and called it Detroit. French name and everything.
The next iteration of the European project will either be called the EE (European Empire), UFE (United Federation of Europe) or the USE (United States of Europe). Germany and France will not let the project fail.
More new from King Midas,sidegade vekseleren,who fled from the tax.
Small street broker,Lars, Midas broker sidekick,tour de dope king pin,Riis,s own dopecomptroll.
Why do somebody listen to him,and he was nine in 72,i voted and i remeber all the lies that was spread,especial this one,we will lift all the Southeren European contrys??Up to our level??Another one,yull all be unemployed,and the worst:
Since they knew Norweigians,would vote No,they moved the Danish referendum to be held before,:who was scared then:
Pax, Vomit Scum!Voldemort Sejr,not Seier,and dont forget he hashis own parti,Liberal Alliance,ho ho,: Santa Claus,my bare!
Go back and pay your taxes!
The people of the European nations will decide the future of the European Union not SaxoBank's CEO.
the question is very simple - can german taxpayer treat all europeans equally as if they were western germans ?
Depends, are the Spanish willing to give up their siestas? See where this is going?
JMHO, there is nothing important about saving the Euro. Wouldn't it be better if there were many competing currencies, electronic or commodity based and people and buinesses got to chosse the value that they wiould assign to each? It is called a free market.
You're advocating that the EU politicians put themselves out of work...
saxo bank is a online broker. what do you expect from the CEO of an online broker in the light of transaction taxes forced upon him by the EU? this letter has nothing to do with cultural issues and different ethnic groups of europe. its only purpose is to rescue the profits of his business.
A good article overall and Christensen hits a few nails on the head. But he shouldn't mince his words when describing the EU cratocracy of Barroso & Co. Let's be honest here: they're a vile bunch of ageing commies and fascists trying to recreate a new fascist EUSSR thru stealth with complete disregard for democracy and the people of Europe. That is what Christensen is describing in his future view of the EU, so let's call the EU commies & fascists what they really are: commies & fascists.
Christensen's other problem is being taken in by Cameron. Cameron has promised a referendum in Britain on the EU, but you can be 100% certain it will not be an In/Out referendum. No British politician (except Farage) will dare to offer that for fear of the consequences and Cameron is no exception. Cameron will simply negotiate a few trivial 'repatriation of powers' deals with the EU political filth, big them up to sound important thru the compliant MSM Daily Slime and then put that to the people in his phony referendum. That's as far as he will go.
Former Portuguese communist leader Carlos Carvalhas, at his party's parliamentary questioning over the Single Currency, back in 1997:
Current mayor of Lisbon and potential future socialist leader António Costa, on a political talk show, last year:
Evolution of the cost of a 20% national share in a 80% EU funded investment, over 24 years (the 20% itself being an European syndicated bank loan at a typical pre-euro 7% interest rate): https://fbcdn-sphotos-d-a.akamaihd.net/hphotos-ak-ash4/429482_3031372231...
from http://viriatoapedrada.blogspot.pt/2012/12/carvalhas-ha-15-anos-costa-ho...