28
Jun
2016
AWESOME Speech by Nigel Farage on Brexit
It’s partly just because I love their accents, but check this out. The lady behind him starts cracking up even though she’s trying to hate him.
It’s partly just because I love their accents, but check this out. The lady behind him starts cracking up even though she’s trying to hate him.
Farage seems like a likable bloke. The sort of chap you’d enjoy getting a pint with down at the pub.
There are those, however, who woud like to fart in his general direction.
Great speech. He had to stick it to them after so many years plugging away, but what he said makes a lot of sense.
I think he is right, other nations will also drop out, but that doesn’t need to be a big deal for anyone other than the bureaucrats who have their noses out of joint and think they should run everything. Presuming no one decides to get spiteful it should work out OK.
Speaking of the Mediterranean countries being made poor, that supports what Vox Day said. Nations like Greece joined the Euro-zone and gained the boon of being able to borrow money at a much lower rate than what they would have got if they just used their own currency. In a very real sense they were given the advantage of free money (e.g. if you have a mortgage and someone refinances that at half the rate of what you are paying now, it’s really no different to someone just handing you cash right there).
However, handing free money to Greece has not made them wealthy. How is this possible?
“… gained the boon of being able to borrow money at a much lower rate than what they would have got if they just used their own currency. …”
“… However, handing free money to Greece has not made them wealthy. How is this possible?”
The point of the Euro-zone was to be able to impose a single fiat currency on multiple countries so it would be easier to export inflation (the same reason Henry Kissinger made deals with the Saudis so that they would only sell oil in FRNs). So the low rates from creating them out of thin air is not cost-free.
The Euro-zone gave low rates to Greece out of other people’s wealth. It’s counterfeit money and it robs people in the same way you’d expect counterfeit money to rob people.
[Posted Aug. 27, 2012]
The Euro in One Lesson [by Tom Woods]
https://www.youtube.com/watch?v=Z9Cx-i6MhCM
I’m talking about Portugal, Italy, Greece, Spain and none of them were using gold and silver coins the year before they switched over to the Euro. They all printed their own money, and they had a habit of being pretty undisciplined about it too.
http://www.tradingeconomics.com/greece/inflation-cpi
Back in to 1980’s and 1990’s Greece under the Drachma was running between 10% and 20% price inflation. They locked the Drachma to the Euro in 2000 and switched over completely in 2002 so you can see that joining the Euro-zone greatly reduced Greek price inflation.
The Euro ties back to the Bundesbank which is itself constrained by the German Basic Law (one of the few constitutions in the world that gets taken seriously) and here is Article 88:
Please note that bit “assuring price stability”. The moment the ECB is no longer committed to price stability, it no longer conforms to the German Basic Law and thus the Bundesbank is forced to take over. Germans will insist on that.
So actually, Greece and others were brought under a less inflationary monetary regime and they were offered loans at lower than normal interest rates. The reason is that because people had great confidence in the Euro, these Greek bonds were considered “safe” and the Euro itself was considered stable so no interest rate premiums were added for risk and for price inflation.
As we discovered later, the Greek bonds were as risky as they ever were and Greece went right ahead and defaulted. But that came later.
What a bunch of immature nitwits booing and whistling in that room. What are they, 12?
The EU is a failure.
Bob, Those people behind Farage are mostly from his faction in EU. SO they were at the very least concentrated on translations fed to them via earpieces, not bored or something, as they mostly will be from all over EU, thus not exactly english-speaking in all probabilities…
As for the speech itself – nothing new except the gloating after the referendum. But some “I told you so(s)” are priceless, I agree.
I have not read any books on the art of negotiation, but given that his main point is “let’s be reasonable and make a deal”, it may be better for him to dial back the various un-necessary attacks and pokes that only irritate his presumed partners…
Nigel Farage is a legend (to Conservatives, anyway).
He has been warning his people time after time, and they continually refuse to listen.
That’s why he attacks and pokes, and why it’s necessary.
“The only change – and it will not come in any great rush – is that the UK will extricate itself from the EU’s extraordinary and opaque system of legislation: the vast and growing corpus of law enacted by a European Court of Justice from which there can be no appeal. This will bring not threats, but golden opportunities for this country – to pass laws and set taxes according to the needs of the UK.”
Boris Johnson
Funny about the accent, I’m exactly the opposite, I love the American accent, especially the African American accent and the Southern accent. Maybe it’s because during the 9 years of living in London I heard many morons speaking Queen’s English 🙂 But Farage is not of the morons, he and Hannan are the closest thing to a libertarian you get in British politics.
http://podcastone.com/did-she-say-that-with-sonnie-johnson
Download and Enjoy!
Speaking strictly for myself, I love her attitude, I have about 75% agreement with her theory; but I find her a little bit shrill at times. IMHO she does not have the eloquence of Hannan and Farage.
Anyways if you haven’t had a listen then give it a go at least.
That young lady would be Isabella Adinolfi from Italy of the Europe of Freedom and Direct Democracy Group so she is enjoying Farage’s comments not hating on him.
http://www.europarl.europa.eu/meps/en/124831/ISABELLA_ADINOLFI_home.html
OK thanks. I like her even more.