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Nigel Farage Debunks The Keynesians : "The Genius of Mutual Indebtedness - It's Genius, Isn't It ?!" (6/13/2012)

Nigel Farage : "Europe = The World's Low-Growth, Economic Disaster" (12/11/2012)

http://youtu.be/-baxVTQEylk

...

Nigel Farage : "The Genius of Mutual Indebtedness - It's Genius, Isn't It ?!" (6/13/2012)

http://youtu.be/TN_1mF-3JTI

Transcript:

"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 [EUROS] 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."



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sharkhearted's picture

NIGEL is THE MAN

~

~Chris
Norfolk, VA

Time to INVESTIGATE the investigators of 9/11. PROSECUTE the prosecutors. EXPOSE the cover-up.

Is there a Nigel forum over

Is there a Nigel forum over there like the The RP forums here? We really need to create an alliance with his supporters. Liberty across the globe!

We could run him for

We could run him for president. Claim his mother was an American, and give him a new birth certificate! They'll never see that one coming.

And for the support of this Declaration, with a firm reliance on the protection of Divine Providence, we mutually pledge to each other our lives, our fortunes and our sacred honor.

Cyril's picture

LOL. You cynical. :)

LOL. You cynical. :)

"Cyril" pronounced "see real". I code stuff.

http://Laissez-Faire.Me/Liberty

"To study and not think is a waste. To think and not study is dangerous." -- Confucius

WOW look at that suit! x)

WOW look at that suit! x)

Ventura 2012

Yes, only Nigel Farage could

do this kinda thing and still look great!

Ron Paul Revolution is spreading around the world: Freedom and Prosperity TV: libertarian network of alternative media in Western Balkans

Dailynigel.com

anyone? anyone?

dailynigel.com

Defeat the panda-industrial complex

I am dusk icon. anagram me.

Aha! I got you thinking

Aha! I got you thinking didn't I! I'm glad you posted this. He seems like a real spitfire! Love listening to him!

Cyril's picture

LOL, yeah. I'm gonna need my Nigel fix regularly, now

LOL, yeah. I'm gonna need my Nigel fix regularly, now, "I'm afraid". ;)

Spitfire, indeed, HE is !

Seriously, watch how embarrassed and p*ssed all those bureauCRAPS leeches are, around him (behind their lousy smirks) !

I love it.

Go, Nigel ! To Break, Broke, Broken !

"Cyril" pronounced "see real". I code stuff.

http://Laissez-Faire.Me/Liberty

"To study and not think is a waste. To think and not study is dangerous." -- Confucius

lol

You beat me to it, I was going to post one of these. :) thanks for posting

Let's Support Nigel Farage and Christopher Monckton

to the same degree and in the same spirit that Europe and the rest of the world supported Ron Paul.

Defeat the panda-industrial complex

I am dusk icon. anagram me.

Brilliant!

Bur what was that guy that was lounging back saying?

Cyril's picture

Check out also : "Meet Your New Soviet Overlords, Mr. Orbán !"

Check out also :

Nigel Farage : "Meet Your New Soviet Overlords, Mr. Orbán !" (01/19/2011)

http://www.youtube.com/watch?v=LYwZP0VoX7Y

"Cyril" pronounced "see real". I code stuff.

http://Laissez-Faire.Me/Liberty

"To study and not think is a waste. To think and not study is dangerous." -- Confucius