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Farage: "The Euro Titanic Has Now Hit The Iceberg"
In an epic rant, trumping Biderman, UKIP's Nigel Farage appears to have reached the limit of his frustration with his 'peers' in the European Parliament after the Spanish bailout. Rajoy's proclamation that this bailout shows what a success the euro-zone has been, sends Farage over the edge as he sees the Spaniard as just about the most incompetent leader in the whole of Europe (up there with favorites like Van Rompuy and Barroso). The erudite Englishman notes that by any objective criteria "The Euro Has Failed" expanding on the insane farce of Italy funding Spain's banking bailout at a loss (borrowing at 6% to fund a loan at 3% as we discussed here). "This 'genius' deal makes things worse not better" as it merely drives other nations towards needing bailouts themselves and while his socialist colleagues in the room are mumbling and checking their blackberries, he reminds them that Spanish national debt will surge and that 100 billion does not solve the problem, and that if Greece leaves, the ECB is failed, is gone, and to rectify this there will be a cash call from the very same PIIS (Ex-G) that are tumbling towards the abyss. Blood pressure surges as he screams "you couldn't make this up" concluding that "the Euro Titanic has now hit the Iceberg and sadly there simply aren't enough lifeboats."
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Fortunately we have more than two choices.
Revolution being one.
We just need a little consensus...
Or you could try to build a consensus outside of established channels and start a secessionary movement like former UKIPper Roger Hayes*.
*I've met him a few times, and, well, err... I wouldn't endorse him (it's not necessarily the ideas, it's some of the people involved). See British Constitution Group (http://www.thebcgroup.org.uk/), Lawful Rebellion (http://www.lawfulrebellion.org/) and the Lawful Bank (http://lawfulbank.com/) for details
This is very true which gets back to my original statement.
I would like to see other MPs supporting Nigel and more work needs to be done in that area.
Once the crap piles high enough the gadfly is sought out in order to lead it will be up to him to be prepared to do so when the moment arrives.
Bullish. Europeans that are pulling their money out of banks will need to deposit it in US equities. Rally on, Bitchez!!!
You mean the Titanic DIDN'T ever arrive in New York?
>> Blood pressure surges as he screams "you couldn't make this up" concluding that "the Euro Titanic has now hit the Iceberg and sadly there simply aren't enough lifeboats."
Hold the boat - I gotta take a PIIS :-)
Bravo!
He is like a wild renegade British bulldog let loose.
Watching the faces of the other guys in that room was priceless!
He's so fucking right.
And it's brilliant: a perverse architecture to suck resources from people to drive them stright to the banksters' èlite.
I thought I had seen my fair share of stupidity and that nothing can shock me but I get proven wrong yet again.
This negative 3% differential is now causing the water tight compartment of the Titanic, we shall call Italy, to take on water.
The much vaunted leadership of the European Union
are 100% retarded + 3%.
beastmode.
Farage will have his reasons to say the things he says. Anyway I just LOVE how he says them.
However, one must always beware of good speakers like him.
Most especially if they are right!
Rally Warning Continues...
SPX bullish daily chart & USDX bearish daily chart strengthen.
Significant equity / EURUSD upside & USDX retracement ahead.
http://www.zerohedge.com/news/2012-12-24/market-analysis
My favorite line from Nigel...
It's genius, isn't it? It realy is brilliant !
(referring to the Spanish bank baillout mechanism in which Italy borrow 20 billion euros at 7% and loans them to Spain at the lower rate of 3% - Italian citizens finance Spanish bankers and citizens to the tune of 800 million Euros a year)
Did anyone ask Italians whether they want to give Spain 800 million Euros a year for free?
The least Spain could have done, last Sunday, was given the Squadra Azurri a cheap goal or two as a thank you!!!
"By any objective criteria the Euro has failed" Van Rompuy and Barroso have used the Euro to undermine the sovereignty and siphon liquidity straight out of targeted Euro zone members respective economies. It looks like mission accomplished to me. It is Mr. Farage who is not familiar with the mission of the Euro and not the other way around. In fact this all seems to be the British version of controlled opposition for the sheep that are "awake" in Europe.
...Nigel, exposed the reality at hand with the logic of the ''number(s)'' of the Suicide Vampire Squid Beast and is declaring the prophetic strong delusion of Europe. If you do not know that, you may be inspired to quickly find out why you do not know it.
ARISE SIR Nigel - global defender of democracy. Tea with the Queen then off to a speaking gig at Capitol hill to explain the fundamentals of fiscal policy for sound government to corrupt politicians (both parties) who are prelonging the Chinese /Asian export led economy instead of forcing them to find their own demand by running huge unsustainable deficits destroying geniune jobs and wealth creation in the US / Western world. Benanke / Krugman - take note.