MEP Nigel Farage is “a little depressed” About Freedom in the World

Great interview with European Member of Parliament Nigel Farage (UK):

Nigel Farage

The European Union was never about free trade for many of the schemers, it was always about concentration of power – federalization so to speak. And the ones driving that never admitted it, til now. The headlines from the politicians (the type who eat fancy steak dinners while their people suffer) is the European free trade is great, which it is in my opinion. But really it’s agroup of people that want a united Europe – fully integrated politically and economically – whether or not it’s beneficial.

I doubt Germany, Finland and the UK would go with that. It’s odd to see that this is what France wanted years ago, to prevent German aggression. But now since there is no risk of that, what’s the motivation? Are politicians from small countries seeing the rise of Asia and South America and feeling the only way to stay significant would be to be part of a larger union, even if it really made no sense?

A Different Perspective on Europe

How about these for comments:

“France just elected a moron”

“I can’t stand seeing the people suffering so that European bureaucrats can keep their European ‘dream” (paraphrase)

“If Iceland looked bad, Europe’s problems look “biblical”

“Our banking system in the West is such a mess that when we do face the problem, we may go through several years to set them upright”

“They will collapse the system and enslave the people”

These and many more disruptive yet important comments from Nigel Farage in his most recent interview on King World News – Listen here:

Learn more about Nigel and the UK Independence Party here.

 

Great Quote

Had to share this from Cafe Hayek

Quotation of the Day:

… is from page 37 of the 1978 collection, edited by Eric Mack, of Auburon Herbert’s essays, The Right and Wrong of Compulsion by the State:

And yet the very words “general principles” cause a sort of horror to those who are engaged in politics.

Principles, by their very nature, counsel those who hold them to attend to the often-unseen, long-run consequences of their actions; politics, by its very nature, counsels those who practice it to attend only to the seen, short-run consequences of their actions. (bold mine)

Me: Ergo, principles and politics are incompatible (at least most of the time)

Italy Bailing Out…Italy!

Hello my favorite readers! Sorry for writing much less lately than I have in the past. It’s been a busy few months!

I know many of you enjoy getting these articles and for my clients, I know you enjoy ‘checking in” on my thinking. With that said, and with the messy financial world we all live in, I thought it was time for a state of the world outline article.

The best headline from today comes from super sarcastic (and super informative) financial blog ZeroHedge:

Europe Is Now Officially Bazooko’s Circus – Italy To Provide €23.5 Billion In IMF Cash To Bailout Italy

Basically, the IMF (International Monetary Fund) ‘rescue” package for Europe needed some more funding and apparently the big contributors will be Germany, France and Italy. The fact that this rescue fund goes toward backing the debt of the affected European countries (including Italy) means that Italy will be borrowing funds to provide for its own bailout.

As ludicrous as this sounds, it’s become all too commonplace in today’s financial world where highly educated “smart” people dazzle the masses with [Read more...]