Nigel Farage Exposes Euro Banking Scam
European Parliament, Strasbourg, 13 June 2012
• Speaker: Nigel Farage MEP, Leader of the UK Independence Party (UKIP), Co-President of the 'Europe of Freedom and Democracy' (EFD) Group in the European Parliament - http://nigelfaragemep.co.uk
Nigel Farage : "Another one bites the dust. Country number four, Spain, gets bailed out and we all of course know that it won't be the last. Though I wondered over the weekend whether perhaps I was missing something, because when the Spanish prime minister Mr Rajoy got up, he said that this bailout shows what a success the eurozone has been. And I thought, well, having listened to him over the previous couple of weeks telling us that there would not be a bailout, I got the feeling after all his twists and turns he's just about the most incompetent leader in the whole of Europe, and that's saying something, because there is pretty stiff competition. Indeed, every single prediction of yours, Mr Barroso, has been wrong, and dear old Herman Van Rompuy, well he's done a runner hasn't he. Because the last time he was here, he told us we had turned the corner, that the euro crisis was over and he hasn't bothered to come back and see us. I remember being here ten years ago, hearing the launch of the Lisbon Agenda. We were told that with the euro, by 2010 we would have full employment and indeed that Europe would be the competitive and dynamic powerhouse of the world. By any objective criteria the Euro has failed, and in fact there is a looming, impending disaster. You know, this deal makes things worse not better. A hundred billion [euro] is put up for the Spanish banking system, and 20 per cent of that money has to come from Italy. And under the deal the Italians have to lend to the Spanish banks at 3 per cent but to get that money they have to borrow on the markets at 7 per cent. It's genius isn't it. It really is brilliant. So what we are doing with this package is we are actually driving countries like Italy towards needing to be bailed out themselves. In addition to that, we put a further 10 per cent on Spanish national debt and I tell you, any banking analyst will tell you, 100 billion does not solve the Spanish banking problem, it would need to be more like 400 billion. And with Greece teetering on the edge of Euro withdrawal, the real elephant in the room is that once Greece leaves, the ECB, the European Central Bank is bust. It's gone. It has 444 billion euros worth of exposure to the bailed-out countries and to rectify that you'll need to have a cash call from Ireland, Spain, Portugal, Greece and Italy. You couldn't make it up could you! It is total and utter failure. This ship, the euro Titanic has now hit the iceberg and sadly there simply aren't enough life boats."
• Joint debate: European Council meeting - Multiannual financial framework and own resources
A. Preparation for the European Council meeting (28-29 June 2012)
Council and Commission statements
[2011/2920(RSP)]
B. Multiannual financial framework and own resources
Council and Commission statements
[2012/2678(RSP)]
• Video: EbS (European Parliament)
• EU Member States:
Austria, Belgium, Bulgaria, Cyprus, Czech Republic, Germany, Denmark, Estonia, Spain, Finland, France, Greece, Hungary, Ireland, Italy, Latvia, Lithuania, Luxembourg, Malta, Netherlands, Poland, Portugal, Romania, Slovakia, Slovenia, Sweden, United Kingdom
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Euro,
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Spain,
Iceland
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Added: 229 days ago by
bcmoney
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College education is the largest scam in U.S. or perhaps even WORLD history! This excellent documentary look into the problems plaguing today's education system was put together by Inflation.US
College
Conspiracy
University
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profit
loss
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Added: 730 days ago by
bcmoney
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Lord Monckton adresses Greenpeace activist on Global Warming
Lord Monckton confronting a member of greenpeace with her ignorance on information sources and official reports!rnrnGlobal warming / climate change could indeed be a scam!! Check the facts for yourself!!!
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Channels:
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Added: 1253 days ago by
bryan
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Al Gore confronted on Climategate in Chicago
Al Gore has just cancelled a high-profile appearance at the upcoming Copenhagen climate change conference only days after ‘ClimateGate’ revelations cast doubt on the legitimacy of the scientific ‘consensus’ (“hiding the decline†is not scientific in any respect). Just days ago, CRU director Phil Jones stepped down from his position at East Anglia University.
Further, Gore has been confronted by We Are Change and other groups at book signing events everywhere he goes– and apparently his only response to charges of fraud is to unleash his goons to drag out dissenters. Sounds like Eco-fascism to me. It’s easy to reach consensus when opponents are barred from the conversation.
See also:
Air, Carbon Dioxide and Breathing
Federal Polar Bear Research Critically Flawed, Forecasting Expert Asserts
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Added: 1261 days ago by
bryan
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