MEP Hannan says “doom is almost upon us and here we are solemnly talking about these proposals massively to increase our debt and deficit and to pour more money into this climate project. It would be disastrous if we actually meant it.” In the midst of economic collapse there are still fools pushing the climate agenda as a way to increase control over all industry and commerce.
Post Tagged with: "European financial crisis"
November 23, 2011 08:04
Soft-Landing Nonsense – Global Recession is Here
Should central banks step in, watch for gold, crude, and oil prices to rise, and little else to happen. Central banks and world governments have applied so much totally useless Keynesian and Monetarist stimulus to prevent the inevitable, there may be no landing at all (soft or hard), until a global crash.
November 21, 2011 06:17
Expect A Global Recession No Matter What Happens In The Euro Zone
[T]his Euro sovereign debt crisis, even if contained and/or resolved in an orderly and timely manner, would most likely bring wide spread austerity programs to almost all developed economies, including the U.S. either by the Super Committee or by the automatic spending cut, which would almost guarantee a global economic slowdown, if not an outright recession.
November 18, 2011 07:37
Holy Cow, The Italian Economy Is Crumbling
Of course, this is exactly what these economies don’t need while dealing with this sovereign debt stuff, as this kind of economic collapse ensures missed government revenue and deficit targets, starting the whole spiral over again. – BI
November 18, 2011 07:10
MEP Hannan on debt bailouts: You cant stave off the hangover by staying drunk
Daniel Hannan in the European Parliament plenary session in Strasbourg, talking about the foolish reinflation of the debt bubble that caused the economic crisis.
November 17, 2011 10:08
US banks at risk with billions in European bonds
US banks hold billions in European bonds making the US susceptible to Europe’s debt woes.
November 17, 2011 05:45
To Save the Euro we Must Destroy Germany
If German voters want to cede power and form a European nanny state, then so be it. But it will be the end of Germany and the end of Europe as well should they do so.
November 16, 2011 09:53
Europe in a death spiral?
The Merkozy’s of Europe will be making “calming” statements over the next few days. We are dangerously close to a death spiral, and they know it. But they have nothing on their shelf but words.
November 15, 2011 08:53
Eurozone crisis: Italian bond yields back over 7%
France’s AAA rating ‘at risk’ – Late last week, the level had soared to above 7%, the rate at which Greece, Ireland and Portugal were obliged to seek emergency bailouts from the EU. – BBC News
November 11, 2011 03:40
A Financial Nightmare For Italy
Global financial markets are very nervous right now. You can almost smell the panic in the air. As a CNBC article posted on Wednesday noted, one prominent think tank actually believes that there is a 65 percent chance that we will see a “banking crisis” by the end of November
