THE Daily Express today becomes the first national newspaper to call for Britain to leave the European Union.
From this day forth our energies will be directed to furthering the cause of those who believe Britain is Better Off Out.
The famous and symbolic Crusader who adorns our masthead will become the figurehead of the struggle to repatriate British sovereignty from a political project that has comprehensively failed.
After far too many years as the victims of Brussels larceny, bullying, over-regulation and all-round interference, the time has come for the British people to win back their country and restore legitimacy and accountability to their political process.
Following the debacle of the Lisbon Treaty – disgracefully imposed upon the public without the referendum they were promised by the three main political parties – many had expected matters European to take a lower profile in British politics.
But the opposite has been true as those on board the European gravy train have mounted one power grab after another.
At a time of austerity throughout Europe they have expanded their bloated budgets, pushing Britain’s disproportionate contributions even higher.
And despite not being part of the failing eurozone, British taxpayers have learned that under Brussels rules agreed to by Labour after it had lost the election they are liable to help bail out economies wrecked by the single currency.
[More]
See Also:
Equity Markets Fall as Concern Shifts to Portugal
Heffer: The game will soon be up for the euro
Europe Tries to Contain Debt Crisis
It’s time to get a little more perspective on what has happened in Ireland. It is alalogous to Fannie/Freddie and the Community Reinvestment Act being the root cause of the financial meltdown in the USA yet these causes are never mentioned in the Obamarx gang’s 2300 pages of financial “REFORM”.
The private sector in Ireland is fine, the problem is excessive socialism and government unions gone wild. The USA and the Euroweenie politicians have had a tendency to use their banking system as an “adoptive cousin” to fund their social reengineering ideas. Here’s a very important view from Kevin Meyers in the Spectator UK:
“There are two economies in Ireland: the private sector, which is still doing extraordinarily well — industrial output up 12 per cent in the past year, with Irish exports per capita nearly matching those of Germany. And then there is the tragedy of the public sector, an economic Chernobyl, endlessly spewing out toxic clouds of debt, and its adoptive cousin, the banking sector, which two years ago under the bank rescue scheme (obligatory under EU law) effectively became an arm of government.
There are two cultural explanations for the folly that is Ireland. The first is the who-you-know politics that is key to Fianna Fail’s style of government. The second is the other survivor from the pre-modern age: a tradition of flaithiúlacht, which means ruinous generosity, especially with someone else’s money.”
You don’t get that perspective from Obamarx advisors like Paul Krugman in the New York Times who claims the solution to our ills is even bigger government. Their solution is to rein in greed of the private sector and ramp up more government intervention, these political High Priests are supposedly immune to greed. On the other hand, the Tea Parties are saying the government is making it impossible to have businesses innovate without severe regulatory and tax burdens and they need to be freed up to create jobs.
The delineation of this rebirth of capitalism or double down on the welfare state comes down to this:
The Obamarx gang dismisses the Tea Party, Palin and Rush and Beck as ravings. Let’s see what a Tea Party influenced GOP Congress does.
Watch for the Euroweenies (other than Cameron and Merkel) to behave like the Krugman/Obamarx gang and double down on their intervention into the welfare state.
The calls of disassociation from the EU will only get louder – you know that the EU is in trouble when the Germans say they can`t carry the financial load for the other members. They will be next to leave or remove themselves from that unholy alliance. Cheers.
Nom — You're stuck on avoidance/dismissive altogether re the culpability of the artificially propped up markets now given the housing crash and the banksters' loans. Do the bondholders incur any responsibility in the declared bankruptcies? Absolutely. Real estate developers, gov't pols AND banks incur the heavier responsibility.
For most of the Irish, it happened to involve only one purchase of a home base, inflated beyond what their salary scales could afford. With unemployment in the double digits (same in the States) when the job goes, so goes the ability to pay for that inflated mortgage.
Paul Krugman\s NYTimes article "Eating the Irish" lays out the economic fundamentals that ended in the crash == economic depression.
Germany\s exports were down in last quarter. The unemployed have zero purchasing power while the private sector and banks are reporting record profits. This business about their lack of confidence in the markets holding back the rehiring is nothing but foohey poohey. The wealth is now concentrated in the hands of the few and Germany and France as the EU heavy weights are clearlly positioned to sweep up the pocket change to the last dime.
This weekend there's apparently a bondholders' meeting in Europe. Let's see what comes out of that and Mark Carney here in Canada referring to the "moral hazard" complicit in creative investment vehicles isn't far off the track regarding where banking and markets SHOULD go. The markets are plummeting because the money isn't fixed to real production and output.
When inflated mortgages assume 70 percent of the inome, that spells economic disaster period. This is a wealth grab by as Nagel Fagan, MEP advised the EU membership. The middle class need jobs and home bases. They have neither globally, therefore, market confidence is sinking like a stone and it should.
Anyways, read Krugman's article Eating the Irish and it applies to every national economy out there now. And it's been planned all along mind you. The targeted aim is that monies are deposited in the hands o the relative few with democratic ideals and programs interpreted as a huge hoax and joke on the people.
End point: the bank bailouts should not be happening, but their on course and to their own detriment in the end. The return of nationalism and identity is going to be cause for celebration alone. However, the violence now hreatening across a swath of countries is the unfortunate result we're going to see. That has no effect on the thieves ==gov't pols, bankster programs and real estate developers working in collusion to scavenge the taxpayers to the last penny.
Cassie “You're stuck on avoidance/dismissive altogether re the culpability of the artificially propped up markets now given the housing crash and the banksters' loans.”
Actually I’m stuck on the root cause which is not mentioned in the 2300 pages of financial reform.. the “banksters” are not only mentioned, they are vilified as the cause, the and the only perp and that is a cover up of the political perps.
I’m stuck on the Bush administration in 2005 (before Pelosi took over Congress and the money bills) trying to get Barney Frank and his boyfriend at the Fannie and Freddie to admit they were ballooning trillions of dollars into a moral hazard on risk. This is not mentioned in the 2300 pages.
I’m stuck on ACORN, a de facto arm of the Black Panthers, shaking down banks to push Fannie and Freddie government social re-engineering mortgage products down the throats of banks and not being mentioned in the 2300 pages of REFORM.
Fannie and Freddie de facto turned the US banking system into their loan production or origination offices. Until this gets addressed there will be nothing learned from the meltdown and it will happen again… I could go on.
But my question to you Cassie is: do you think greed is a sin only committed by the private sector or do you think that greed is part of the human condition? If the latter, why is the government innocent of that sin and only the private sector vilified for it in the 2300 pages of Reform?
“Krugman's article Eating the Irish and it applies to every national economy out there now. And it's been planned all along mind you”
I agree that is the central “plan” that the Democrat appendage, the NYTs and Krugman has for us. That is why the Obamarx gang ignored the recession and focused on taking over 17% of the US economy with ObamaCare, had they won Congress this month they would have increased that to 25% with Crap and Tax on CO2
Finally, nobody is innocent on the financial meltdown, even our precious middle class got greedy and borrowed against rising house prices, both the GOP and Democrat politicians are guilty of creating a moral hazard by government intervention into the mortgage market. Thank God that did not happen in Canada, although Chretien tried to adopt that practice with his Shawinigan golf loan with the BDC which even used our RCMP to harass Francois Beaudoin, fire him etc for blowing the whistle. Françoise deserves the Order of Canada.
Correction refer to Nigel Farrage, MEP. Get up the video of his address where he calls out the EU membership and asks them "who the hell do you think you are, you dangerous bastards?"
He notes the "fear on their faces" and some of them look like they've "seen a ghost."
Speculation of a couple of decades of depression means the demise of democracy altogether where the banksters become the "dictators" robbing the taxpayers for generations. Not cool scenario by any means.
I hope it's a video that can be raised on this site in the interests of democracy.
I can't operate the technology right now to raise the links, but we ignore them at the people's peril.
Irish Times, "Bank shares fall as crisis deepens"
Related article, re Central Bank urging Portugal to take the bailout.
google, Nigel Farage, "who the hell do you think you are?" The euro game is up
There are several addressed to listen up to on youtube.