The View From The Bridge Over The Rotten Boroughs of Europe

Tyler Durden's picture

Submitted by Clive Hale from View from the Bridge

The Rotten Boroughs Of Europe

Once upon a time when Nigel Farage got up to speak you often wondered whether he was the full ticket, but today when he gives the European parliament the benefit of his opinion he is the only one making any sense and that includes most of our other politicos back home. Instead of planning to get out of the EU madhouse we have confirmed that £10 billion of our money, yours and mine, has been re-pledged to the IMF “pour encourager les autres” as I am sure was the phrase Christine Lagarde used as she sidled up alongside an impressionable young chancellor, who is totally out of his depth in such company – Lagarde’s youthful pastime of synchronised swimming for the French national team is now paying dividends. It is only a promise at this stage, but it already has parliamentary approval – slid through in a dark period rather like TARP in the States – without any proper scrutiny and an absence of opprobrium from the main stream media the supposed guardians of free speech. If only…

Talking of whom…the Old Man of Oz and his unspeakable offspring may be coming to the end of their days, but not before they do for the leadership of the Tory party. Cameron should sack Hunt but will he? Because he is as knee deep in lies and hypocrisy as his junior minister the spotlight would then focus even more tightly on the PM. Who can we trust these days to look after our best interests? I ask that question because I really don’t know the answer.

 And I could ask the same question in the US, France, Greece and Ireland where elections or referenda are taking place sooner or later. May 6th could be the turning point as France and Greece go to the polls. In both countries the stronger challengers are determined to have some say in the renegotiation of the EU austerity fiscal pact despite the Oxymerkel (the EU version of oxymoron suggested by “The Slog” a site well worth a visit) saying, “the discussion is closed.”

 She does hail from what was East Germany and has learnt much from her friends in the Stasi about “negotiating” tactics. The Greeks should be easy to deal with. Threaten to turn off the spigot and a light may come on in Athens. On the other hand it could turn into a riot! So the more subtle approach would be to find a pro-Troika puppet, but with 32 different parties standing it will be the coalition from hell that wins this one; assuming of course that the dirty tricks brigade doesn’t scupper the whole thing. Apparently a relatively small but essential part of the legal process required to hold an election has “gone missing” but this is Greece so nobody is bothered…unless of course the result is not to the liking of Lagarde, Super Mario, Rompuy Pompuy and the OxyM; all sworn upholders of democracy…my foot.

 In France the mood is “anything but Sarkozy” who would be deemed a rabid socialist in the US so quite what they would make of Hollande I shudder to think and so would they! He is however already back tracking on his fiscal pact renegotiation ploy saying that of course there should be austerity measures – a 75% tax rate for the greedy capitalists for starters – but there should also be some expectation of growth, a theme echoed by none other than Herman, the Chief von Muppet in Brussels who has suggested yet another EU summit on the matter, somewhat dangerously overlooking the fact that the Bundeskanzlerin has said, “Ze diskussion iss closst!”. That isn’t the fat lady singing by the way; it sounds more like tanks starting up to me…

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falak pema's picture

How does non-dom UK, aka Oligarchy london 1%  fit in with the rotten burroughs of debt in the rest of UK? The contrast is largest where the money pile is highest, ie in London!

Also additionally ask yourself why should a Oligarchy shill like Lagarde ask for more money; is it to protect government debt ridden economia or private bank global shitholia? 

I think if you like Nigel Farage took your finger out of your noses you would realise that the major OVERHANGING debt in UK/EU/USA is the private banking debt; this is the Holy Grail that the current can kicking prevents from acute case of "touristica", which would empty the asset markets to zilch, like clean out in shine holia. The government sector debt is just incidental and HALF of it was created post 2008 when the 12T private debt got socialised world wide...on the books of publlc debt including the central banks. So those government shills led by Brown of Brown, Black and Doormat, based in 10 Downing, said NO global/UK/EURO bank accountability back in 2009 and business as usual went on; and now we are where we are! 

DoChenRollingBearing's picture

While I only mention Europe just a bit in my review, there IS a nice NEGATIVE piece (Tatyana Shumway) on silver that many of you will NOT LIKE!


"Review of Barron's -- Dated 30 April"

alfred b.'s picture


   Did not see that piece yet; but betcha Tatyana omitted to mention the fact that the Shanghai Futures Exch. got approval to offer SILVER futures last Wednesday.   Hardly any mention at all in  collaborator-MSM.


DoChenRollingBearing's picture

She said zippo about Shanghai IIRC.

VonManstein's picture

sounds like this is the bottom to me. break out upwards within the month of may

WAMO556's picture

Yeah I read the ariticle. And on the same page were hawkers touting up: AAPL; and Bonds blah blah blah. "Get out of silver, becuase it is going down, becuase we say so".  (sarc)

DoChenRollingBearing's picture

Well, Tatyana and her anti-silver buddies just publicly drew a line in the sand.  We have an excellent opportunity to see just hgow good these prognosticators are.  One of my readers emailed me that he had different CME numbers (oz in stock) than what Tatyana said.

AAPL sure has gotten a LOT of attention there at Barron's lately, as well as George Soros being quoted three times in the past few months.

Peter Pan's picture

The fact that some of these clowns are even willing to talk about growth strategies is a sign that they are now panicking. The problem is that the level of insolvency and recession far outweighs the weight of any such manouvre and will still require massive debt write offs to be the starting point before alll other strategies and reforms can be considered.

bugs_'s picture

a vote for the real socialists is a vote to end it sooner.

why vote for delay or delay-lite?

Tom Green Swedish's picture


Fact: In Germany 300,000 Jews applied for an American Visa before 1938. Only 1/3 of them were accepted. Of those 1/3, they had to give up 90 percent of their wealth before leaving.  That 90 percent from the 100,000 people contributed to 30 percent of the money for Germany's war machine.

Talk about throwing somebody under the bus.

matt_chart's picture

Have a listen at our new financial Radio Show exposing the rotten corruption of our financial system!



QuickDraw ~ Matt_Chart 


Black Friday Violence 
MF Global ~ What does this mean for you? 
Britain ~ Publicly warns people of looming collapse
Venezuela Forces Physical Delivery of gold 
International Currency Wars 
Russia beefs up Gold Reserves Huge In Oct 
Goldman Explains What Super Committee Failure Means

q99x2's picture

Do they have a Hillary democracy in Europe or is voter fraud looked down on?

silverdragon's picture

Rich Chinese have been buying physical silver in China for a while now.  They buy it by the tonne.

The Swedish Chef's picture

The Slog? The site that announces that doomsday was coming on the weekend of 24:th of Mars? Yeah, totally trustwothy....

Ghordius's picture

trustworthy, no. funny, yes.

bank guy in Brussels's picture

Funny biography of Angela Merkel on John Ward's 'The Slog', the depth of Merkel's involvement as a loyal communist when she was in the old East Germany, etc.

Especially funny story about her first husband Ulrich Merkel, supporting Angela while she was at university and then Angela leaves him, stealing the refrigerator in their apartment - super valuable item in the old East Germany.

As the Berlin Wall fell, Merkel quickly spun 180 degrees, became pro-American, and her current husband, Joachim Sauer, is described as having worked for the US Pentagon military-industrial complex in San Diego USA.

According to the bio, Angela Merkel is actually German-Polish with a German father, who was both a Lutheran church pastor and a dedicated Communist, Horst Kasner, and a Polish mother, Herlind Jentzsch.

Ghordius's picture

you noticed? yes, dear Angela is a pure power-broker, she is not interested in having own opinions or even principles, she just wants to be a conduit of power. and this is useful for her party, this role makes her honest in her inner-party dealings

there was a long debate long ago if her father wasn't a western agent, but yes, little Angela was always a (political) party animal - it just does not matter which party