| Submit your comments on this article |
| Britain |
| Nigel Farage Message To Europeans: "Get Your Money Out While You Can" |
| 2013-03-25 |
| In Nigel Farage's first teevee appearance since the Cypriot wealth tax was announced, the Englishman pulls no punches. In all his years and all his experience of the desperation of the European Union's leadership "never did [he] think they would resort to stealing money from people's savings accounts." The simple fact is that they know they cannot let any country leave, no matter how small, for "once one country goes, the whole deck of cards will come tumbling down." There is now "clear irreconcilable differences" between the North and the South of Europe and now that they have done this in one country, "they are quite capable of doing it in Italy, Spain and anywhere." The message that sends to people is "get your money out while you can." As far as his Albion constituents, he strongly recommends George Osborne (UK Chancellor) urge ex-pats to remove all their money and do monthly transfers from home. "Do Not Invest In The Euro-Zone," he concludes, "you have to be mad to do so - as it is now run by people who do not respect democracy, the rule of law, or the basic principles upon which Western civilization is based." "They are propping up a Eurozone that, in the end, will collapse in disastrous failure and they are prepared to do anything to do so." 5 minute vid of reality from a European MP - must watch... |
| Posted by:Besoeker |
| #6 There are lot of things wrong with the euro and eurocrats but I fail to see how the EU is "robbing" people's saving accounts in in Cyprus. The banks in Cyprus have invested way over their head, they have taken in 60bn of Russian money paying interest rates they couldn't really afford. So now they are broke and want EU help. Are we going to bail out Russian investors? [Insert Russian expletive here]. The idea to touch the small savings accounts was never voiced by the EU but by the Cypriot government which anted to keep its Russian investors. |
| Posted by: European Conservative 2013-03-25 22:48 |
| #5 The problem is that there is far too much credit money, and/or far too little real money. Oh and the political elite are not going to reduce credit money as it's their pot to leech from. |
| Posted by: Bright Pebbles 2013-03-25 15:59 |
| #4 The "big money" is certainly sitting elsewhere. As money has to work, as a shark must swim, it's still nibbling at the eurine periphery tho... |
| Posted by: M. Murcek 2013-03-25 12:32 |
| #3 Additional on bail out |
| Posted by: Besoeker 2013-03-25 03:33 |
| #2 Not certain it will take as long as 10 years Joe. If those Cypriot depositors are robbed, the entire Euro banking system could face some pretty sobering consequences. Our taxation, currency devaluation, and soon to arrive hyperinflation will rob the Forgotten Man more discreetly. A much, much more civilized approach. |
| Posted by: Besoeker 2013-03-25 03:01 |
| #1 Iff CNBC this AM is any measure, CYPRUS CRISIS = EU in about 10 years??? |
| Posted by: JosephMendiola 2013-03-25 02:44 |