European Parliament member Daniel Hannan warns Americans not to follow the failed socialist policies of Europe. MEP Hannan spoke at a CPAC conference titled “The European Debt Implosion: Is America Next?” Hanna is the Secretary General of the Alliance of European Conservatives and Reformists. What you might call the EuroTeaParty.
Post Tagged with: "European debt crisis"
February 10, 2012 06:14
Rough Sledding Ahead For 2012 As Global Economy Drags
The U.S. will not be immune to the downward pressures. In the weakening global environment, exports will drop. Consumers have increased spending by reducing their savings rate as wages continue to stagnate.
February 1, 2012 05:09
Germany to take over Greek budget
To bail out Greece Germany is demanding veto power over Greece’s budget. Greece is the result of a socialist welfare state that is the model for the “redistributive” ideology of Barack Obama. Greece is where the US is headed if we continue to keep our heads in the sand about the consequences of a debt that is greater the our entire Gross Domestic Product.
January 19, 2012 07:31
Warning Signs That We Should Prepare For The Worst
The vast majority of people out there only believe what they want to believe. They don’t want to believe that a great economic crisis is coming, and so when it does happen they are going to be absolutely blindsided by it.
January 12, 2012 11:23
King Barack to bail out Europe at taxpayer expense
It’s over the top when Obama told the European Council President and the European Commission President that “the United States stands ready to do our part” to bail out Europe.
January 11, 2012 09:11
Greek Crisis Has Pharmacists Pleading for Aspirin; Bailout Money Used for Military Spending
The Greek economy is now totally and completely dysfunctional. The government has resorted to price controls on goods to contain costs. However, price controls do nothing but cause shortages. – Mish Shedlock
January 9, 2012 08:42
A Fed Bailout for Europe
[T]here is a Fed-financed bailout of European banks in progress. The Fed is implementing it through currency swaps because swaps obscure the nature of the transaction, which is in reality a loan. (The Greek government used currency swaps to hide the size of its fiscal deficits.)
January 4, 2012 08:21
Eurozone leaders warn that a recession is coming. Yup: and whose fault is that?
The reason that the eurozone faces such hard times is that its leaders have decided to keep the single currency together at any cost. The coming recession is not some inexorable force of nature; it is a consequence of the policies being pursued by Merkozy, Monti, Barroso and the rest. – The Telegraph
December 23, 2011 10:31
EU follows US into stealing from future generations
“the EU’s bailout-and-borrow policy had taken on a momentum of its own, like a runaway train. That train is now going at maximum speed, and has passed the point where a switch can still be thrown. The only question is when it hits the buffers. My guess is that we are months away.” – MEP Daniel Hannan in The Telegraph. Much the same can be said of the US debt problem.
December 16, 2011 08:13
IMF warns that world risks sliding into a 1930s-style slump
“This is exactly the description of what happened in the 1930s, and what followed is not something we are looking forward to.”
