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Monthly Archives: July 2012

The ECB & QE

“Actually, the ECB is currently in breach of Article 127 (clause 5) of the Lisbon Treaty obliging it to contribute to “the stability of the financial system”. The first duty of every central bank is to avert disaster.” 

Some bits of this are disingenous Ambrose:

A) Depends what you mean by “a central bank”. In the usual sense, the ECB is NOT a central bank, much as Borroso and the utterly incompetent, arrogant, undemocratic EU elite would prefer it to be.

B) Maybe this pseudo “central bank” IS supposed to “contribute” to “the stability of the financial system”.  But “contribute” does not mean “ENSURE”. Neither does it mean “Pass the debt on to Germany and/or mutualize it” and so on.

As far as I understand it, the ECB is ALREADY acting OUTSIDE ITS MANDATE by doing what it has done. In other words, like everyone else, it has BROKEN THE RULES.

Frankly, I am tired of the rules being A) made without consulting the peoples and B)  routinely broken.

Spain is in this mess because of the utter greed and corruption of Spanish banks and politicians allied to the surreal incompetence of the previous government – and of course of the bloated, wasteful EU.

(SIX BILLION EUROS AND COUNTING ON A FATUOUS AND USELESS DIPLOMATIC SERVICE THAT HAS PLACED THIRTY-SIX EU STAFF ON THE ISLAND OF BARBADOS.

THREE HUNDRED MILLION ON A NEW PALACE FOR A TOTALLY USELESS “PRESIDENT”))

Sometimes I wonder Ambrose what you exactly expect the ECB to do? Why SHOULD the Germans ruin  their economy to bail out these surreal disasters down south?  They will NEVER reform if they get bailed out. NEVER. And their economies CANNOT be forced into the straitjacket of the euro without political union and a REAL central bank, which NO SINGLE EUROPEAN HAS VOTED FOR.

Not ONE of the 450 million Europeans has voted for this project rammed down our throats by Borroso et al.

It is FASCIST, STUPID and ARROGANT BEYOND BELIEF.

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Posted by on July 23, 2012 in European Union

 

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“It’s fascism Jim, more or less as we know it.”

A large element of fascism is leaders not respecting or even caring about the will of the people, as is the case with the EU. There are COUNTLESS examples, the most blatant of which are the obligation to keep voting FOR various treaties till you get it right and the undemocratic dumping of “leaders” onto countries.

Then there is TREATY-CREEP – EACH ONE giving more power to Brussels WITHOUT the people’s accord. (Our own governments are in cahoots, Brussels being a great place for failed politicians to make millions as part of the cronyist musical-chairs merry-go-round.

Why are we “eurosceptics” so angry?

A) Before the euro, Papademos was Governor of the Bank of Greece charged with preparing Greece’s entry into the EU. There were strict criteria set down for countries wishing to enter, as economists KNEW that otherwise it couldn’t work. Actually, ALL REPUTABLE ECONOMISTS said anyway that it couldn’t work, but the EU and especially the then French and German leaders went away anyway, recklessly gambling with our money.

B) The financial stats Greece supplied were LIES. Ergo, Papadmos is a LIAR. Nonetheless, Greece was allowed in anyway. Actually, everyone KNEW it was all lies. They did not care.

C) Ten years or so later, the democratically-elected leader of Greece proposed a referendum in his country about euro membership. He was immediately forced to resign by the EU, France and Germany and the liar Papademos was dumped on Greece like some Nazi Gauleiter.This ALONE SHOULD result in the trial and imprisonment of all concerned for international gangsterism.  However, Papademos is of course an EU ECB-cum-Goldman-Sachs crony, so of course very PC.

They are undemocratic zealots. And THERE IS NO NEED FOR A USE. Canada, Switzerland, Norway, Singapore et all are ALL perfectly happy as they are. I do NOT want to be ruled by a German-dominated government from Brussels.

Oh, and clock this from Jean Monnet, who of course is a HERO for the Brussels zealots:

“Jean Monet, the founding father of the European Union, had a very particular vision of Europe’s future back in 1952, and he expressed it in a letter to a colleague on 30th April that year: “Europe’s nations should be guided towards the superstate without their people understanding what is happening. This can be accomplished by successive steps, each disguised as having an economic purpose, but which will eventually and irreversibly lead to federation.”

 
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Posted by on July 5, 2012 in European Union

 

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“The Greeks need more time”

Fatso wants more time ……

Go to Africa. There you find the really needy who haven’t already had BILLIONS AND BILLIONS of Northern European money.

And THEY don’t keep eternally whingeing and demanding even more.

This is the fault of the GREEK AND EU ELITE. They got Greece into the euro on the basis of a PACK OF UTTER LIES.

Have you heard ONE SINGLE APOLOGY FOR THAT?

On the contrary, Papademos – Governor of the Bank of Greece before the euro – KNEW it was all lies (he was in charge of preparing the entry to the euro!), yet TEN YEARS LATER he was undemocatically made Prime Minister of the country he has helped to ruin. Why? Because the democratically-elected PM dared to suggest holding a referendum on the euro.

YOU COULD NOT MAKE IT UP.

I am sorry for the Greek plebs, but the solution is a revolution to imprison the entire elite with its yachts and Mercedes who have perpetrated a giant scam on the country and left it in ruins. PLUS of course to leave the euro, which it should NEVER have been in in the first place.

INSTEAD, the plebs have just voted in again THE SAME PARTIES RESPONSIBLE FOR THE SHAMBLES.

YOU COULDN’T MAKE THAT UP EITHER.

Get out of the euro; do it your way, but NOT WITH ANY MORE OF OUR MONEY.

 
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Posted by on July 5, 2012 in European Union

 

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