Nigel Farage: European Union’s similarities to former Soviet Union

EU member states (Photo credit: Wikipedia)

The following video illustrates the fascism that’s coming to Europe–and, by implication, to the U.S..

The most troubling elements of this video are Nigel Farage’s complaints that the 24 people who comprise the “leadership” of the EU are unelected, self-appointed, granted lifetime immunity for anything they do, hugely overpaid, and beyond the touch or influence of the ordinary people of Europe.  While these 24 people extol the virtues of “democracy,” they are, in fact, seeking to create an aristocracy where the majority of Europeans are ruled by a handful of “aristocrats”.

Worse, when Nigel Farage makes these allegations, the 24 would-be “aristocrats” don’t appear to deny them or explain them–they just smirk.

You can see a similar smirk on the faces of Obama and various Congressmen, Senators, judges, and bureaucrats when they openly violate the Constitution.

Someone needs to wipe the smirk off their faces.

video   00:03:14

http://www.freedomsphoenix.com/News/127915-2013-02-04-nigel-farages-ukip-on-the-increasing-european-and-soviet-union.htm?From=News

 

EU: Breaking Up Is NOT Hard To Do

Various Euro bills. (Photo credit: Wikipedia)

The EU may soon suffer some sort of breakup.  One or more of the “PIIGS” (Portugal, Italy, Ireland Greece and Spain) may leave or be ejected, leaving the balance of the EU to survive.  Some argue that the EU was doomed from the start and must eventually suffer complete disintegration.

The probability of an EU breakup is supported by the Wolfson Economics Prize.  According to England’s Daily Mail, that £250,000 prize challenged the world’s brightest economists to prepare a contingency plan for a EU break-up.  There were five finalists each of whose essays offers insight into why the EU may disintegrate, how that disintegration could be controlled, and what might happen if that breakup is improperly managed.

Some of these essays warn of dire consequence; others are surprisingly optimistic.

 

Italy On the Brink

Image via Wikipedia

According to the CIA’s World Factbook, the world’s biggest economy is the European Union ($14.8 trillion GDP in A.D. 2010).  The US is #2 at $14.6 trillion.  China is #3 ($10 trillion).  Then, Japan ($4.3 trillion); India ($4 trillion); Germany ($2.9 trillion); Russia ($2.2 trillion); United Kingdom ($2.1 trillion); Brazil ($2.1 trillion); France ($2.1 trillion); and #11–Italy ($1.7 trillion).  (In fact, I’ve seen one estimate that Italy may have the world’s 8th largest economy.)

My point is that Italy (with a GDP of $1.7 trillion) is considerably more important in the world’s economy than Lehman Brothers–which had assets of $275 billion when it filed for bankruptcy in A.D. 2008 and triggered a global recession.

Comparing the GDP of a nation to the total assets of a corporation is like comparing apples to oranges.  They’re not the same thing.  Even so, the comparison offers a sense of magnitude which, however imprecise, suggests the import of a possible default by the Italian government on its sovereign debts.  If the failure of a major corporation could trigger a global recession in A.D. 2008, the failure of a major national economy could do even worse in A.D. 2012.

 

Is the European Union Disintegrating?

Image via Wikipedia

The European Union (EU) is facing severe economic problems caused by the recent debt default of Greece, the current default of Ireland, soon Portugal, and then, perhaps Spain.  Mainstream media seems to dismiss these defaults and resulting “bailouts” as problems that are challenging but not threatening.

But here’s a video of an English or Irish representative at EU Conference on Economic Governance (October 28th & 29th) who is implicitly saying that the EU is about finished, that power of nation-states is rising, and that those favoring the EU (and world government) are corrupt, tyrannical and wrong.