Let’s Break the Law, shall we?

I’ve just realized something that seems to have gone unnoticed.

A) Some months ago, the UK and The Czech Republic refused to sign the Fiscal Pact and thus submit an element of control over their finances to an extermal power. This was the so-called Cameron veto.

B) Though without effect (what a surprise there …) the UK got a tsunami of insults and slagging-off from the core-EU powers – we were (are) selfish, un-European and so on.

C) NOW the French President wants to rip up the pact that Sarko signed. This is in essence the SAME STANCE that wse took, but WHERE IS THE MUD-SLINGING that we were subject to

Funny old world, innit.

OH – Hollande et al want the Germans to mutualize debt by issuing eurobonds. That is is AGAINST THE GERMAN CONSTITUTION – or if you prefer it in blunt language – ILLEGAL.

C) He also wants the ECB to give money directly to governments. That is AGAINST the ECB rules.

So, the new white knight of Europe wants two totally illegal acts to be committed.

Well done, Sir. A jolly good start. He is of course supported by the EU establishment, especially ex-Trotskyist Borroso ….

What a load of utter tossers they are.

 

EuroFarce Round-up

• Lagarde AGAIN! “She added that “somebody has to pay the price” of Greece’s unmanageable debts.”

  This staggering assumption – WHY must “someone pay”? And if she is right, then the CREDITORS must pay. Does she live in a parallel universe?

  I think what she means is “Totally innocent plebs must pay.” Yes, that’s about it.

• “Michael Meister, a member of Mrs Merkel’s Christian Democratic Union party, said there was nothing to stop France and Italy from going it alone on common bonds.”

  This would be great. Franco-Italian Bonds. (FIBS)

  And why not  Spanish, Portuguese, Irish and Greek Bonds bonds? (SPIGBOS).

  They could be created in their millions and go immediately to junk status to save time …..

  But poor old Herr Meister just doesn’t get it. The only POINT of “eurobonds” is to get your grubby hands on German money ……

• “Worryingly, new French President François Hollande

  says he’s unaware of any memo asking countries to develop a contingency plan
  at all.”

  ????!!!!?? Any government NOT making contingency plans for a Greek exit for MONTHS now is three legs short of a table. Why the HELL do they need a MEMO?

  Hollande is turning out to be a serial buffoon.

 

Prisoners Can Vote ……

More lunacy. Could this be the straw that breaks the camel’s back?

A) If you break the law then presumably you disagree with it.

B) The law is made by Parliament.

C) Voters elect the parliament.

D) ERGO, to give prisoners the vote is giving people who don’t agree with the law the right to vote to make it.

And presumably, if the prison population exceeds that of non-prisoners, the former could then vote laws to imprison the innocent?

The whole thing is surreally insane. Is there NO government with the guts to stop this nonsense?

 

Lagarde spouts on … and on

Is it the IMF’s job to keep pontificating to sovereign countries what they should do?

This is now typical of these institutions; they VASTLY exceed their remits.

Lagarde? French Finance Minister under the useless tosser Chirac. Does she have any credibility?

France:

- has not set a balanced budget for nearly 40 years
- is massively in debt
- has govt spending of 56% of GDP
- is the most highly-taxed country in the EU
- has endemic unemployment of near 10%, good or bad times
- has enormous costs for employers
- is in constant decline in competitivity compared to Germany
- is ruled now by a goverment that thinks working fewer hours per week and employing more civil servants is a solution to their economic and employment problems

and so on

This woman has no sense of irony or of her own ridiculousness.

 

HOLLANDE TO THE RESCUE!!

“Everything must be done to help Greece.” (Francois Hollande)

OK Mr Flanby, WHAT?

OH – get the Germans to underwrite all their debt? Great.

Perhaps France itself would like to give them tens of billions? OH, I forgot – you are already MANY TENS OF BILLIONS in debt YOURSELF, so much so that you are no longer AAA rated.

Why is it that NOBODY is willing to put their OWN house in order but has PLENTY of advice on how Germany should spend its money – which actually IT hasn’t got EITHER?

Lewis Carroll could NEVER have dreamed up anything as surreal as this.

PS France COULD HAVE HELPED Greece a decade ago by:

A) Not going wildly over the agreed debt limit of 3% of GDP and then when challenged saying “That rule was designed for little countries.” and

B) not allowing your banks to make silly loans to Greece that  a MORON could have known they would NEVER be able to repay.

Still – keep talking long enough and you might eventually say something useful.

 

Who is to blame?

 Steveten: a blog in the DT:

The only chance of getting out of this crisis without a full-blown Depression is for governments to act in concert, and agree a joint programme of reflation and write-offs.  However, this will not succeed if private speculators are allowed to continue to pursue their own personal gain irrespective of the consequences for millions of other people.

You sound like Boringissimo. The above is just silly.

A) No speculator FORCED a country to borrow from him.

B) This is ALL the governments’ fault. They HAVE NOT THE GUTS to tell their people thay can’t afford this or that.

C) The crisis is TOTALLY the fault of government. (I am repeating myself, but somehow the message is so hard to get across)

D) For short-term popularity and to get reelected, governments spend money THEY HAVE NOT GOT. This is called in the trade “LUNACY”, but they are almost ALL suffering from it.

This blaming “speculators” is not only silly but criminally irresponsible. I(t will only give SUCCOUR to the real villains, the government leaders who are criminally reckless, gutless, craven and indeed EVIL while all the time (like you) seeking to blame someone else.

I repeat: NO “SPECULATOR” can force any government to borrow from him. As it happens, it is governments that go scrabbling for the billions FROM “speculators”.

Governments would prefer this lunatic borrowing to go on for ever. It can’s; it won’t. The main problem is, when it all crashes down in flames, NONE OF THOSE RESPONSIBLE ARE HELD TO ACCOUNT.

Not Kohl, nor Chirac, nor ANY of those who negotiated the euro or who over-borrowed (including Sarko of course and his fatuous ex-Finance Minster Lagarde – what did SHE do to stop France’s borrowing?). What is Zapatero doing now? I bet his pension is pretty generous. The ex-PM or Ireland was the FOURTH HIGHEST PAID NATIONAL LEADER IN THE WORLD. Yes, pathetic little Ireland – its leader paid MORE THAN OBAMA.

And you wonder why we’re in a mess? You blame “speculators”????

Jesus Christ …..

 

The Resistible Force v the Immovable Object?

I am astonished that we can’t keep things simple.

For a start, in LAW a state should NOT be permittted to borrow AT ALL.

Several states have finally recognized this, though they are at last at least proposing to allow borrowing up to a limit.  The hilarious thing is that there was ALREADY an AGREEMENT to do this when the euro started, but THEY ALL IGNORED IT, including France and Germany, of whom only the latter can afford it.

ALL THOSE GUILTY OF BREAKING the 3% debt v GDP rule should be imprisoned under a  new European law of “Reckless Misuse of Public Money”. Why the hell we haven’t had this law for decades is beyond me.

As for Hollande, the following seems true.

A) Only a moron (Gordon Brown, Zapatero, Chirac et al for a start) thinks you can without disaster eternally spend more than your income. France has not set a balanced budget for nearly four decades. For me, that makes Chirac a moron – and Lagarde come to that; great job SHE did as France’s Finance Minister, didn`t she?)

B) Hollande is simultaneously promising to balance the budget by 2015 AND spend billions more NOW to “create jobs”. He is doing EXACTLY what France has done for the last 40 years and which has led to this shambles – spending money NOW which he hasn’t got on the vague assumption that “growth” will pay for it one day ……

C) Either he is a moron OR he is wilfully lying.

D) He is probably not quite a moron in medical terms, so he MUST BE LYING.

E) Most likely the ONLY reason he could get elected was to LIE – otherwise he would have sounded much like Sarko with his austerity thinggy.

ERGO:

- The new leader is a liar.

- He lied because he knows the public are too stupid to recognize the truth.

Not exactly a great scenario, is it – a new Presidency beginning on a lie. How soon will all his promises turn to dust in yet another U-turn forced on him by the dreaded “markets”?

As for the meeting next week with Merkel,

A) Hollande is the irresistible force; he has PROMISED to renegotiate the fiscal pact. It is the BASIS of his election.

B) Merkel is the immovable object; she has ALREADY said the pact is not negotiable.

Even Houdini himself could not have got out of this one. I can’t want to see what sort of gobbledegook Eurofudgespeak comes out of their meeting

 

Why don’t the Germans tell the EU to sod off?

It is the WW guilt, upon which France is only too keen to play. It’s very subtle, however, in contrast to those Greeks who – having sucked from a German teat for years – now accuse them of being Nazis for putting on the brake and demanding – WHAT NERVE – that Greeks pay their debts.

BUT – if Germany ever gets over the wars, then it’s a different ball game. The “Germans” are great people and there is no danger whatsoever of history being repeated (The UK could ALSO have had its own Hitler in different conditions.), but they might at some stage simply refuse to let themselves be milked. After all, ALL THOSE GUILTY ARE LONG DEAD.

Germans have now been NET contributors to “Europe” for DECADES. HUNDREDS OF BILLIONS of German marks and euros have gone to pay for the EU, French farmers, infrastructure in Southern Europe etc. They didn’t HAVE to do this. They did it because of A) guilt and B) a genuine neighbourliness, especially that of the strong for its weaker brothers.

BUT – someone somewhere ALWAYS takes generosity for granted and abuses it. The Germans are getting close to the point where their largesse is being abused. The unelected Trotskyist Boringoso demands “eurobonds”. This is code for: “Let the Germans take on all the debt.”

Sorry Fatso, WHY THE HELL SHOULD THEY. YOU racked up the debt. YOU lived wildly beyond your means. “We will help, but UP TO A POINT.”

As for the usual analysis of why Germany went along with the creation of the eurozone, I believe it to be wrong. The Germans were quite happy with the DM. They did VERY WELL with the DM. It increased in value year-on-year because of the quality of their economy and goods. They did not want to give up the DM, but were persuaded to so so by others who played the “If you don’t, then you are un-European; you haven’t REALLY changed.” card. And the Germans were PROMISED that this shambles WOULD NOT HAPPEN. It was the ONLY way they could be persuaded to give up the DM.

This stuff about Germany needing the euro is utter rubbish. Do you remember Germany struggling BEFORE the euro? I don’t. It’s more EU-fanatic psychops – or if you prefer in layman’s language, lying bollocks from the EU Propaganda Office, of which Goebbels himself would have been proud.

 

Sarko Complains of Press Bias

I agree with Sarko; the press bias has been appalling.

Just to take one example, we have not had repeated reminders of how Sarko’s party SINCE IT CAME INTO POWER has NEVER, EVER SET A BALANCED BUDGET.

In other words, for ALL of the last 15 years France has been living way beyond its means. The bias of not hammering this message home has been really terrible.

Agreed, the previous lot were just as bad, but as with Mrs T, you can’t blame everything on what some other lot did 20 years ago.

Then there is the horrendous bias of not reminding the French plebs at every turn that their government spends FIFTY-SIX PER CENT OF GDP on its own spending, with humungous waste. The Senate alone cost over TWO BILLION EUROS PER YEAR. And why does EVERY PREFECT have to have his own private Chef?

Enormous bias has also been clear from the failure to attack Sarko’s lot for having brought NO DISCERNABLE STRUCTURAL REFORMS to France since it entered power. He like Chirac has done almost NOTHING to fix the huge structural, economic and financial problems.

True, Sarko seems to have been convinced recently – as French banks were about to collapse through lunatic loans to Greece – but IT’S TOO LITTLE TOO LATE, MATEY.

So, as for BIAS, YOU GOT OFF LIGHTLY OLD SON ……. still, never mind, as an ex-President you get protection for life and 20,000€ per month pension. Not all bad news, then. And of course you can rewrite history when you do your memoirs.

And there’s a BONUS down the line ….. when the French economy collapses completely under the Socialists’ insane spending (I mean, even INSANER than your lot’s), the sheer lack of any real and lasting achievement on your part will look a bit more rosy in comparison.

VIVE LA FRANCE

 

TURNOUT = 32%

The analysis is clear, but what is the SOLUTION?

These people have the POWER. Just like the EU – they have subverted democracy to their own ends.

I actually wonder if it isn’t all a Machiavellian plot. Treat us with such contempt that in the end – punch-drunk – we just can’t be bothered and retreat the shells of our family and clan. Then of course they play on the mass-psychosis of “We can’t do anything anyway.”

Which of course is TRUE as long as ignorance and apathy reigns – as it does … UNTIL things get so bad that we revolt.

We always DO revolt in the end, but things have to get REALLY bad first, because basically we are hard-working, civilised people who believe in “democracy”. THAT TOO, the powers depend on. The problem is that too few people see how the democratic system has been abused.

 However, there is also the old English saying: “The worm has turned.” As a well-qualified worm, I feel myself very close to the turning point ……

As I said yesterday, the ONLY winner when nearly SEVEN IN TEN people just can’t be bothered is fascism. WHICH LEADER SAID ….?

“Results when the vast majority of people don’t vote are meaningless – just like union block votes or those where only the 200 vote out of  the 10,000 in the union ……”

NONE OF THEM …… All Clegg can say is that he is “sad”, NOT for democracy, but for the party cronies who’ve lost their seats.

CHRIST WHAT A FARCE.