Nigel Farage: Here It Comes Your 19th Euro Breakdown

Townhall.com ^ | July 4, 2012 | Mike Shedlock

[Kaslin]

The always humorous Nigel Farage blasted European council president Herman Van Rompuy along with José Barroso in European parliament today, mocking the alleged "breakthrough".

Link if video does not play: Nigel Farage on Euro Breakdown

Select Quotes:

ESM is doomed before it starts
Legal Challenges in Ireland and Germany
Estonia Justice Says it will not fit their constitution
Finns and Dutch have broken agreement made in the middle of the night
Perhaps the little countries do not have a say at all anymore
Crisis is insolvable

Euro Crisis Breakthrough Breakdown - Nigel Farage

Farage sarcastically commented to Herman Van Rompuy ...

"It's lovely to see you Mr. Rompuy. You've not been here for many months. It's delightful to have you back. Last time you were here, you told us we've turned the corner. The worst of the crisis was over. With every one of your predictions, it goes on getting worse. I am sorry sir. You don't have the presence, the credibility, or the standing for the international markets to believe you can provide a solution."

Obviously this calls for another musical tribute:

the rolling stones 19th nervous breakdown

[ChildOfThe60s]

I love this guy.

I enjoyed how the camera focus on the face of each EuroCrat that he insulted as he did it. Priceless.

[Dr. Sivana]

I thought it was interesting that the Euros (nlt Farage) are blaming the economy on problems in North America, while Obama blames our problems on Europe.

[LibLieSlayer]

The EU was doomed from the first thought about implementing it.

LLS

[BenLurkin]

Well, nothing I do don’t seem to work
It only seems to make the matters worse.

[lurk]

Farage is today’s Churchill.

[Carry_Okie]

The EU was doomed from the first thought about implementing it.

No more than the dollar in unifying currencies then produced by the several States.

The goal was to become an alternative reserve currency compared to the dollar, to be able to print money without consequence. When Saddam Hussein announced that he was going to trade for oil only in Euros, Bush attacked. The war in Iraq turned the corner for the dollar. Without reserve currency status, the Euro could not overcome its inherent deficiencies between national fiscal policy and monetary value. Unemployment replaced inflation, exactly as Friedman predicted.

The dollar first grew on gold, particularly from the Mother Lode in California. That plus the post-Civil War influx of capital on the promise of internationalism and 14th Amendment "equal protection" for corporations getting subsidized access to massive raw material resources with the addition of subsidized transportation, is what built the industrial colossus that was America. Yet once we stabilized and then restricted that raw material access with environmental laws as abetted by the deliberate dumbing down in American education we started the inexorable decline with our leftist States dragging down the rest of the country just like Europe.

In other words (and as Friedman pointed out), this is all about the principle of separating fiscal and monetary policies as a tradeoff between inflation and unemployment. We have the same problems they do, but we have dodged the inflation with the historic benefit of the dollar having retained reserve currency status for longer than we deserve.

[txrefugee]

Don’t tell the Obama bobble-heads on CNBC this. They were as breathless with excitement when they announced the 19th “break through” as they did the first.
They are desperate to find nickels in the pony poop, so that our pitiful economy appears better by November.

[LibLieSlayer]

The EU was created as a counter power to the United States... it was supposed to be the United States of Europe. It was doomed because you cannot unite people with no commonality of History and/or societal norms. The only commonality they have is centuries of invading and killing one another. They do not even share a common language... unless you want to count the International language of English. It is blatantly obvious to those that wish to see. I do not dispute your theory on the Euro... but I was talking about the Union and what I said was true. The proof is in the self destruction of the EU that we see today. It will not survive because it was a bad idea that never could survive.

LLS

[chuckee]

Farage has a devastating sense of humor while ripping apart the Eurocrat mindset.

[Carry_Okie]

It was doomed because you cannot unite people with no commonality of History and/or societal norms. [snip] ...but I was talking about the Union and what I said was true.

As a political union, The subject of the speech was talking about monetary and economic union. Do you dispute that?

Further, it is these very metrics you cite that are being used to fracture America politically, not monetarily. If anything, America is infusing the world monetarily and economically as we speak, and at its own expense, for what makes economic union possible is a military pax Americana for which its globalist dependents are unwilling to pay. They are blowing our national capital for a quarterly return.

[mo]

Good post...the only part you left out was about Obama being the Franco-German payback to the USA for having blown Iraqi oil out for under the Euro.

[mo]

Good post...the only part you left out was about Obama being the Franco-German payback to the USA for having blown Iraqi oil out from under the Euro.

[dljordan]

From Wikipedia about Manuel Barroso:
In his college days, he was one of the leaders of the underground Maoist MRPP (Reorganising Movement of the Proletariat Party, later PCTP/MRPP, Communist Party of the Portuguese Workers/Revolutionary Movement of the Portuguese Proletariat).

[Carry_Okie]

I just wish we could get out from under either a fiat or gold backed currency system. I’d like to see something whereby creative effort and increasing productivity could increase the money stock without the manipulative crap we see. I’ve thought of a metric of productivity, but just about anything is subject to manipulation, like topsoil or total biomass, but I’m afraid some kudzu farmer would see it as a way to power.

[mo]

http://bitcoin.org/

[Army Air Corps]

Ping.