New EU War of Words: Kauder Upsets British Media with Comments It's rather strange to witness British "angst" vis-à-vis Germany. Anyways, I've had enough of these British insecurities, British sabotage towards the EU, the petty insults, etc.
"go along with the financial transaction tax." The City is our last remaining successful "industry" and has long been a target for the EU, so I hope the British government "sabotages" the EU in opposing it. Realistically, I expect them to cave in sooner or later. [ame=http://www.youtube.com/watch?v=HhyYX3SOjYY]Here's Nigel Farage on the subject[/ame] I want Cameron to be as committed to Britain's interests as Farage is. It's a vain hope I know.
Mr. Farage is nothing more than a disgrace to human civilization! We would burry him alive during an alien invasion to save the human race the embarrassement! The City is a threat to the economic well-being and welfare of billions of people in the world!
If yopu actually learned to differentiate between, the City, the media, politicians and people, you'd have far more chance of posters here taking your posts seriously. But, the blindness in which you pursue your little agenda has prevented this.
If one in a thousand Britains had heard of Kauder , I would be amazed . There may be chatter in Westminster Village but not in the real world . The UK will not bail out the Euro .Period .( we could not anyhow!) We will send out Life Boats to rescue drowning Zoners and take all precautions to minimise the effects of the tsunami as S.S. Euro sinks beneath the waves . Germany and France have always been huge political gluttons . As pragmatist Nigel rightly says , why should we pay for the excesses of fat Eurocrats who have a collective IQ lower than that of my cat , Lord Benny . .
Agreed But as nobody has yet publicly admitted that there is no way out , we will have to continue to play the Bail Out charade . In the mean time , a bit of name calling passes time . The only Bail Out mugs are the Federal Reserve , IMF , ECB , and China . I think we can assume that the Chinese will assess matters pragmatically and do just enough to minimise the hurt to their own strategy and economy . The IMF and ECB are "pot less" ( broke) . Something like a $7 trillion minimum is needed to firewall the present position plus Spain , French Banks and then knock on effects . Neither of the other three institutions can print that sort of imaginary money without the globe moving to hyper inflation , commodities moving to undreamed of high prices and economies grinding to a halt . But they will try , albeit in stages . And fail , whilst our standards of living move steadily backwards . So keep warm . Settle back and keep laughing .
What else would they do other than bail them out? We allowed banks to become "to big to fail", this has some meaning. If one of these banks failed, it would stop servicing its loans and there'd be another "to big to fail" failing, then it would simply multiply out. The UK is still judging its recovery by house prices, not just the government but people too - how ironic that this was part and parcel of the problem in the first place and Brits still haven't got-it. Far more regulation needs to be in place to prevent this from happening again, it needs to be in place prior to any recovery. The regulation needs to prevent organisations from becoming to big to fail. It needs to prevent banks from gambling. It needs to return stock markets to their original intent of providing a conduit to investing in a company, for returns in dividend form. Additionally, there need to be safeguards to prevent foreign companies from buying these smaller companies. But is the UK talking about any of this? No. It is in fact standing againast any regulation which would prevent the City traders from continuing to trade in a gambling manner. This sort of thing should be first and foremost in voters minds, but it isn't. The masses in the UK simply focus their brains on X-factor and the like.
Shame for you then, that the British people made his party the second largest group of British MEPs. If things carry on the way they are, there's every indication that they'll be the largest group after the next European elections. I rather think that distinction goes to politicians who have failed to keep a grip on all financial institutions and have generally mucked up policies! They have been serving the interests of the financial institutions and the multinational corporations instead of their own citizens.
