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01:00

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

Nigel Farage, excellent speech, EU,ToldYaSo, exposes european banking scam, Euro, Italy, Greece, Ireland, Spain, Iceland

Channels: Money & Politics

Added: 228 days ago by bcmoney

Views: 178 | Comments: 0

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06:34

25 of April - Carnation Revolution

The Carnation Revolution (Revolução dos Cravos in Portuguese) was a civillian-backed military coup by the Portuguese people against colonialism. People demonstrated in the streets on April 25th, 1974 by placing a red carnation in the ends of the military's guns. Before the end of the day most of the military had joined the civilians and marched on the capital and the few remaining loyal soldiers and hired bodyguards/mercenaries. Although there were many events precipitating the Carnation Revolution, the protests themselves returned democracy to Portugal, ending the Kingdom of Portugal, practically eliminating the Portuguese empire overnight and beginning a new chapter as the democratic nation of Portugal.

Carnation Revolution, Spain, Portugal, spanish, portuguese, Revolução dos Cravos, military coup

Channels: Educational Military & War Money & Politics

Added: 388 days ago by bcmoney

Views: 217 | Comments: 0

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03:09

The Sky and Milky Way from atop El Teide Mountain, Spain

This was filmed between 4th and 11th April 2011. I had the pleasure of visiting El Teide. Spain´s highest mountain @(3718m) is one of the best places in the world to photograph the stars and is also the location of Teide Observatories, considered to be one of the world´s best observatories. The goal was to capture the beautiful Milky Way galaxy along with one of the most amazing mountains I know El Teide. I have to say this was one of the most exhausting trips I have done. There was a lot of hiking at high altitudes and probably less than 10 hours of sleep in total for the whole week. Having been here 10-11 times before I had a long list of must-see locations I wanted to capture for this movie, but I am still not 100% used to carrying around so much gear required for time-lapse movies. A large sandstorm hit the Sahara Desert on the 9th April and at approx 3am in the night the sandstorm hit me, making it nearly impossible to see the sky with my own eyes. Interestingly enough my camera was set for a 5 hour sequence of the milky way during this time and I was sure my whole scene was ruined. To my surprise, my camera had managed to capture the sandstorm which was backlit by Grand Canary Island making it look like golden clouds. The Milky Way was shining through the clouds, making the stars sparkle in an interesting way. So if you ever wondered how the Milky Way would look through a Sahara sandstorm, look at 00:32. Available in Digital Cinema 4k. Like my Facebook Page for updates. Follow me on Twitter Press/licensing/projects contact: Terjes [at] gmail.com Music by my friend Ludovico Einaudi - "Nuvole bianche" with permission. Please support the artist via iTunes album purchase. Thank you goes out to the shoot's sponsors: