Nigel Farage On Greece: 'We All Know They're Going To Default'
Video - Nigel Farage speaks at the European Parliament - Sep. 15, 2011
Transcript
I noticed during your speech Mr Barroso there was an all pervading sense of gloom. I saw for the first time, even your supporters shaking their heads, they don't believe it what you are saying, the European people don't believe in what you are saying, and I don't really think even you now believe in what you are saying.
We all know that Greece is going to default; the end game for Greece is near. And you can't say you were not warned. You were told that Treaties were fatally flawed, you were all told that Greece should never have joined the Euro and when I stood up here and talked about Greek bond spreads you treated me with such utter derision it was as if I had just been let out of the local lunatic asylum. No, you have been warned all the way through.
So now what you have got is Economic Governance and everybody here on the front row supports more European Economic Governance. What is European Economic Governance? I'll tell you what it is.
It is a plane landing at Athens airport out of which get an official from the Commission, an official from the ECB and an official from the appalling IMF. Those three people, the Troika you call them, go in meet the Greek Government and tell the Greek Government what they may of may not do. You have killed Democracy in Greece. You have three part-time overseas dictators now telling the Greek people what they can and cannot do. It is totally unacceptable.
It is any wonder that the Greek people are burning EU flags and drawing swastikas on them. Unless Greece is allowed to get out of this economic and political prison, you may well spark a revolution in that country.
I suppose there is some good news at least, and that is that people in Germany, right up to the President are waking up realise that this process represents the death of democracy. None of this can work and the German people will simply refuse in the end to pay the bill. The one achievement is that you have split Europe between North and South, the Greeks now badmouth the Germans, the Germans now badmouth the Greeks.
I have one last plea Mr Barroso, will you please help Greece. Help her to get her currency back, help her to reschedule her debts, help her to get out of the mess you have put her into. You policies have failed, stand up, be a man, admit it.
Sep 17, 2011 at 5:21 PM
Reader Comments (9)
Let him die! (applause)
http://thinkprogress.org/health/2011/09/14/318633/ron-paul-campaign-manage-died-uninsured/?source=patrick.net
YOU GO GIRLS!!!!
http://www.abs-cbnnews.com/nation/regions/09/15/11/womens-sex-strike-ends-fighting-mindanao-villages-unchr
The video clip further down gives all the proof you need. Between Gardisil and TARP, Perry is TOAST.
http://stevedeace.com/news/iowa-politics/rick-perry-vs-rick-perry/
btw, the Nigel Farage clip was incredible.
http://www.thisislondon.co.uk/standard/article-23987946-escort-girls-left-bank-chief-to-hang-in-mock-execution.do#.TnPztu7DH08.email
Go Girls!
The world is at the brink of an historical debt default and asset revaluation.
In past civilizations occasionally with the passing of the old king, the new king would declare a natal debt holiday and the system frozen with inequality and debt would reboot.
The central bankers of the world and rich elite 3 percent of the globe's population hold debt as an asset. Currencies in which the debt is denominated are dear to bankers for the same reason debt is dear to bankers.
The macroeconomic system has its debt and asset over production limits. The cyclically time progression to debt default is mathematically predictable. Even if there was the political support the maneuvering of the the German political leadership has no appreciable effect on the timing of coming historical asset collapse.
Of all global asset classes the DAX, whose valuation time evolution rests on a real economy – one that generally produces real manufactured goods and services rather than relying on the suspect advantages of low wage labor or annual continuous 6 percent GDP deficit military spending . It is the composite DAX time course valuation that represents perhaps the most pristine mathematical model of the new patterned science of saturation macroeconomics.
A primer on the science of saturation macroeconomics.
By the simple mathematical model a historical … historical …. collapse in the DAX valuation price will occur in the 6 -12 trading days.
For the SPX the ubiquitous quantum mathematical fractal pattern for growth and decay can be seen on a 15 minutely basis using a five day chart starting on Monday 12 September 2011.
The first base fractal is 40(forty) 15-minute units in length and follows a four phase x/2.5x/2x/1.5-1.6x Lammert quantum time pattern of growth and decay. (3 growth and 1 decay) A 6/15/12/10 15-minute fractal series can be observed.
The follow-on second fractal to the 40 unit base is now 78(sevety-eight) 15-minute units in length with a nonlinear asset devaluation expected between 80 and 100 2x-2.5x.
For the weekly DAX a fractal series of 7-8weeks as an intiating fractal is couple with a 19/47 first and second fractal series.
The SPX ‘flash crash’ on 6 May 2010 represents second fractal nonlinearity of the 19/47 week first and second fractal series.
The DAX initiating fractal in January 2009 of 7-8 weeks which had a lower low at the end of week 7-8 (march 2009)is integrated into this fractal series for a total of 71 weeks.
The Dax’s third and fourth fractal are self organized as a y/2y/2y decay fractal of 14-15/29-30/27 of 29-30 weeks for a total of 71-72 weeks. (The model allows extension to 1.6x of the base which could allow up to an additional 2 weeks)
The final daily series for the DAX has an initiating fractal starting on 9 August 2011 of 3 days and a base of 7 days. The second fractal of 17 days(2.5x) has an elegant lower low nonlinear gap between day 16 and day 17. (Please read the 2005 description of second fractal terminal nonlinearity).
The (3)7/17/5 of 11-17 day decay fractal rest within a 17/39/29 of 34-39 :: y/2-2.5y/2-2.5y larger decay fractal.
The DAX is currently on day 5 of its third fractal.
This third fractal should be a very elegant skeletalized Lammert Fractal series that from a empirical observation point will help validate the deterministic quantum patterned progression.
The decay progression will likely fall into this decay progression: y/2.5y/1.6-2.5y.
The 1.6y-2.5y third fractal, if a 1.6y fractal proportionality, will be composed of a 2/5/4/3 day subfractal series. This could conclude the series with the last 3 day decay fractal representing the historical collapse.
(the alternative is a final x/2x/2x 15/30/30 week lower high rise in the DAX – with an immediate ensuing collapse – would still fall into the 1.5-1.6x time period of the 4th fractal adding 2 trading weeks.)
All of the DAX’s 142 week (8)//19//47//(14-15/29-30 /29-30) weeks :: (initiating fractal)/x/2.5x/(2x/1.5-1.6x) = x/2.5x/(y/2y/2y) fall at the end of a 9/22 year first and second fractal series starting in 1982 with Volcker controlling inflation 1982 Treasuries near 20 percent.
But equity equivalent valuations pattern go further back to the US constitution in 1788 and in the late 1690′s for the British hegemony. The South Sea Bubble and Laws money scheme were a part of the debt-asset valuation countervailing macroeconomic system.
Can macroeconomic system second fractal nonlinearity be transmitted over 150-210 years?
‘We are at the brink’…..’
By the empirical time based quantum fractals of the saturation macroeconomics which elevate the study of the debt-asset system of macroeconomics to the level of patterned science ….
The world …. with its massive nonrepayable debt, its leveraged equities (equivalent derivatives)and overvalued CRB futures whose valuations are based on the ongoing presumed value of that debt (as an asset)
… is at the brink.
A combination of austerity and guaranteeing that banks get paid for every foolish loan plus no stimulus program seems to be a good way to send an economy into serious decline.
On the other hand the human sense of fairness/justice is based on reciprocity, everyone being a taker and a giver. You can't have those who only take (banks, Greece, maybe others) and expect givers to keep on giving. Except for the banks, everyone is happy to give to them. So there goes that theory of justice/fairness.
The global economic system is an ILLUSION when based on currencies(or whatever) if there isn't enough monies to cover debts & value placed on ASSETS? & MATERIAL POSSESSIONS . DAMN! My stuff's worth nothing.
Who just wrote this CRAP? I'm confused again!!
Great Perry link.
Now I'm just more PISSED OFF. BULL SHIT is now an OFFICIAL requirement to run for office anywhere.