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Nigel Farage: "The EU Titanic Has Now Hit The Iceberg"
In one of his most passionate speeches (which says a lot), UKIP's Nigel Farage, on the May 9th celebration of the Euro, tells his European Parliament colleagues of his grave concern at the recent elections - which are very reminiscent of the elections in Germany in 1932. He warns that Europe faces the very real prospect of mass civil unrest and even revolution as the Euro project itself could even be the cause of (in it perfect irony as the initial solution to) a rebirth of national socialism in Europe. Farage pulls no punches but in three minutes provides a clear picture of just how concerned anyone who is not merely a head-in-the-sand status-quo muddle-through'er should be with regards Europe: "It is a European union of economic failure, of mass unemployment, and of low growth"
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Wow! The truth DOES hurt!
I testified in the House Financial Services today against FHA guarantees for reverse mortgages. All the affordable housing / senior whores showed up. The Repubicans backed down.
I suggested that HUD funded "Councelors" share the losses of HECMs that counselors put them into (for money, of course). They burst out laughing!
To the councelors, this is a scam bigger than "The Sting." And ACORN buddies get huge HUD grants!
No courage in Washington.
"So has Germany been quietly preparing a plan "B" just in case the rest of the eurozone rejected the path of austerity? Most people have assumed that it will be a nation such as Greece or Portugal that will leave the euro first, but in the end it just might be Germany. And the "smart money" is definitely betting on something big happening. Right now some of the largest hedge funds in the world are betting against the eurozone as a recent Daily Finance article described....Some of the world's most prominent hedge fund managers are betting against the eurozone -- and not just the peripheral countries everyone knows are in trouble. They're taking positions against the core countries, economies that -- until now -- everyone has assumed were rock-solid. Yes, the countdown to the break up of the euro has officially begun. A great financial crisis is going to erupt in Europe, and it is going to shake the world to the core. If you were frightened by what happened back in 2008, then you are going to be absolutely horrified by what is coming next."
http://theeconomiccollapseblog.com/archives/the-countdown-to-the-break-u...
"Instead of moving in one clear direction, the eurozone is now fractured and tensions are rising. So what comes next?
Well, investors are not certain what comes next and that has many of them deeply concerned. The following are 11 quotes that show how worried the financial world is about Europe right now...."
http://theeconomiccollapseblog.com/archives/11-quotes-that-show-how-worr...
You've hit it, the reason why the global financial "elite" were always so worried about Greece, the reason why every time there was a Greece problem the stock market would react - even though people would wonder why the market was reacting when Greece is so small, wondering why it mattered whether or not Greece stayed or left the Eurozone.
It’s because Greece was the catalyst to global default; it’s a little domino, but it’s a domino. The people of Italy and the people of Spain are reading the newspapers and they see what is happening. If Greece doesn’t have to take these cuts and turn their country over to the bankers, you can hear them saying: Why do we?
Greece is the dropped stitch that could unravel the EU straitjacket.
That’s why the international bankers are so worried about Greece; it’s because of the others. And you’re right about Germany; they don’t need these other people. In the first place, the German taxpayers, many who are suffering severely from low wages, are not interested in carrying the whole ClubMed, the economies of Greece, Portugal, Italy and Spain, on their shoulders. Unless the German people are allowed an up or down vote on their positions in the Eurozone, the banker-controlled MSM needs to stop blaming the German people for what they, the international bankers, do.
Great post, xcehn.
34 with the stink eye, huh?
Reminds me of Paul Sorvino's character in Bulworth.
When/if, the EU dissolves completely or in part, what changes? I think the biggest change will be that a whole lot of sheep that were conveniently corralled in one big pen, easily fleeced with one method will now be a lot more trouble to fleece. For a while at least, the 1% and those above them will see a big loss in their investment in control. Some smaller quicker ones will reap rewards financially and politically. The general public of the EU will go through a few big panics and some milder ones. They will make some bad political choices the results of which will eventually bring them back to a course of reality. Long term money will be frozen into inaction by the many fast changes. Short term money will make big scores and big losses. Same as the short term politics. But I think real economics will continue well.
NATO will largely remain intact. But without such a large budget or singular will to allow many flights of military fancy. But being intact, it will keep alive an underlying European unity. The horror of war on one's own turf will see to that. The ability to carry out local wars with NATO still in existence will be slight.
The average person's empire is quite small but intimately connected to the next average person. It is those who's empire is large that lose the most when it crumbles. It is what is false that cannot stand strain. It will crumble but the foundation of reality will remain. Reality is people have to eat, stay in their temperature range. The rest is luxury. A very few have massive luxury to lose. Most have only a little.
Sorry. Double posted.
Farage Rules. He's also getting a little more applause there, too.
Farage, on KWN Monday, was warning an EU dictatorship was possible if national elections continue to not go their way. Months, not years.
Man I wish Ron had his energy.... but nonetheless, Ron Paul 2012!!!
"CIC Stops Buying Europe Government Debt on Crisis Concern"
http://www.bloomberg.com/news/2012-05-09/china-investment-stops-buying-europe-debt-on-crisis-concern-1-.html
Yep, part of that 90% underwater iceberg.
“The best argument against democracy is a five minute conversation with the average voter.”
- Winston Churchill