Watch David Cameron Explain To UK Parliament Why He Broke Away From The Eurozone Group Of 27

Tyler Durden's picture

Last week's biggest political shock was David Cameron telling Europe to shove its authoritarian ambitions and breaking away from the Group of 27, in effect killing any chance of a favorable summit outcome. Watch him live now as he explains why he did what he did.

Headline summary from Bloomberg:


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GeneMarchbanks's picture

Because HSBC told him to?

Momauguin Joe's picture

N.M. Rothschild of London told him to.

AngryGerman's picture

no, timmmaaahhhhhh was hiding up his ass and telling him what to do

Harlequin001's picture

So you think it in the US's interest for the Euro to fail then?

You think US banks have a rats arse chance of survival if European banks go under? Please...

william shatner's picture

Off course it's in the interest for the US that the euro fails, it's the only competitor to the US dollar as the reserve currency. They don't care about the banks, it's all about keeping the dollar as the reserve currency.

Ahmeexnal's picture

What is Nigel Farage saying about this?

David CommieRon is a disgrace.

TheFourthStooge-ing's picture

What The City wants, The City gets.


Deo vindice's picture

I would think that Nigel's increasing popularity in Britain has to play into this situation at least a bit.

kridkrid's picture

Go ahead. It's got to be somewhere.


You're in. Order it to disarm the missiles.

No! No.

Five numbers. It's got half the code.


- Put X in the centre square.|- I know.

- Six up.|- There's no way you can win.

I know that. It doesn't. It hasn't learned.

- Is there any way to make it play itself?|- Yes. Number of players zero.

distopiandreamboy's picture

It seems the only way to win is to not play the game. But in this world the game plays on.

kridkrid's picture

Yeah... not a perfect analogy. The "can't win" part is right, but the ship sailed on not playing long ago.  Currency wars lead to trade wars lead to war wars.... and here we go...

stirners_ghost's picture

"Just imagine how much more could be printed into all that fresh demand", TheBernank thought to himself, his vagina fully engorged.


fajensen's picture

The EUR would fail instantly if London was not around to enable off-the-books investments, unsupervised lending, infinite leverage and plain money-laundering! Keeping the UK out of any deal preserves the status quo in which trillions have alredy been wasted.

It is the desired outcome: The fascists can confiscate defraud and tax, then launder their money via London, while whining about the obstinacy of the British.

eureka's picture

Fajensen - Your view is too simplistic. EU is not ruled by fascists. There are many opposing forces in EU, each fighting for its agenda. This is only to be expected. HOWEVER: There is one enemy of all nations and peoples - and that is the hyper rich who use banks for their war on all real assets, whether private or sovereign - and consequently hedgefunds and banks must be regulated, chopped up and exempt from any more bailouts whatsoever - i.e. all the things London doesn't want - but which a majority of forces in EU do want.

Cameron works for London and its crony capitalist cabal. If one is for crony capitalism one can agree with Cameron - otherwise not.

That - is the truth - if you can handle it..

GeneMarchbanks's picture

You must bomb your liver with a liter of absimf' if the word "REHYPOTHECATION" is uttered...

spanish inquisition's picture

If he agrees, then the unregulated London Financial District comes under EU control and needs to follow EU rules.

GeneMarchbanks's picture

I'm aware of all this. The 'looting spree' in London this summer was a fine example of microcosm/macrocosm. Self similarity, if you will...

Loot on you thieving fuckshites! Loot on...

Ghordius's picture

today's best is Tyler's own provocative intro "telling Europe to shove its authoritarian ambitions"!!! LOL

ah, banking regulations are so fascist a priori

eureka's picture

Well, in this matter Tyler clearly does not see the full picture - if his simplistic sentiment against central controls were to be distributed evenly, he would have to equally "forcefully" advocate the immediate revocation of scores of US Federal Government controls over separate US states.

Let's hear it Tyler... - is that your position?

Or is it only the EU which is not allowed to have central powers?

I hardly think that is your porition, Tyler - is it now?

Cugel's picture

I'm pretty sure that would be Tyler's position. Have you missed all the Ron Paul love? The solution to too big to fail is failure, not more central planning.

Ahmeexnal's picture

Why should people have to pay taxes to a German empire operating out of Brussels?

Oh, right, so the Germans can keep partying like it's 1936.

The much touted friday eurozone agreement is a farse.

The 27 fools who "agreed" will hit a concrete wall in their countries called CONSTITUTION.

slaughterer's picture

It is not even 11:00am and I am already attempting to guess today's 3:00pm rumor.  

gojam's picture

Try, Where's Clegg !? UK Coalition gov about to fall. (it won't but just watch)

Azannoth's picture

I think we can agree that he did the right thing for all the wrongs reasons

whatsinaname's picture

'cos they would have to rein in their debt (NOT) !!

And QE3 launch would be delayed ?

Dr. No's picture

Its because the City of London Corporation told him so.  TCLC has given banks a soverign status which the EU would like to take away.

theMAXILOPEZpsycho's picture

Hail Cameron the brave! Finally showing some of that Churchill style Bulldog spirit!

pufferfish's picture

His protectionism of the cabal isn't even vailed. 

Even Thatcher didn't pull right out.

Oh dear.

agent default's picture

Yeah, because the rest of Europe is really giving the banksters hell.\sarc

eureka's picture

unfortunately not - mostly because of the French, who here are aligned with theUS Fed/US Empire print & montize "strategy" - whereas Merkel/Germany actually wanted even German banks to take haircuts.

Ironic, isn't it, that the by US so often ridicules French, are so in step with US bailout & pretend agenda?

Whereae the Germans, who's banks got solidly rigged by the GS Squid and US in general, is against bailouts, but bent to the French!

Nuances, Gentlemen. Nuances, which count. US loves Frenchie - today... for the moment...

agent default's picture

If they give the banks haircuts, then the banks will go to them and ask for a bailout, or something horrible will happen.  What will they do then, turn around and say, the horrible thing will happen to you, now fuck off and die, or just get the taxpayer to bail them out?  Take a guess.  The Germans are full of shit.

Ahmeexnal's picture

Swinegela Merdekel is already salivating at the tought of panzerdivisions crossing into Switzerland and stealing all that gold beneath Zürichsee.  What she does not count on is Swiss superior military.

Always has been. German Landsknechts were a cheap ripoff imitating Swiss pikers.

agent default's picture

The Swiss do not approve of invading Switzerland.  The place is rigged from top to bottom, every bridge, road, building everything in Switzerland is mined. 

BTW in Switzerland never, EVER even imply that the German speaking Swiss are Germans, or even close to the Germans.  Especially if he happens to be a German speaking Swiss.  Things can get violent.

pragmatic hobo's picture

Would Cameron do what he did without prior approval of the US?

Harlequin001's picture

Since when did the Uk ever give a fuck about the US?

The US is busily looking after the UK's interests in Europe because it has been told to.

Who do you think runs American banks? America? Wake up...

IslandMan's picture

Why can't you 'Mercans get it right ?

It's the Eurozone of 17.  17 in, 10 not in.  There, it's not that difficult, is it ?

DosZap's picture


Well, when it's all said and done, there will be ONLY 10.

Then, grab your ankles and kiss your ass goodbye.

transaccountin's picture

It's all about the printing press. England did not accept the treaty simply because its printing press would have been unplugged and its fiat creation handicapped.

AngryGerman's picture

precisely. uk banking sector would not survived it.

Harlequin001's picture

Not a country on the planet would have...

theMAXILOPEZpsycho's picture

yeh, still even if he made the right decision for the wrong reasons, any no to the eurocrates is a good thing

LeBalance's picture

Peace in Our Time.

CrashisOptimistic's picture

This is not rocket science.  London Stock Exchange trading was going to get hit with a transaction tax, the proceeds of which were to go to Brussels.  How could any UK prime minister tolerate that?