Nigel Farage: EU Titanic Has Now Hit The Iceberg

Mrs Scrungee, as part of her (first) degree, analysed the Maastricht treaty as a load of treetreetree and got 99% for her paper.

I would not dare to disagree with her on this issue.

 

With the EU falling apart and the US share keeping low, I find it strange that the UK exchange rate rises consistantly against both, yet the FTSE100 falls like a stone.
It seems that as soon as Wall St. opens the UK shares fall.
The UKP is as high against the Euro as it has been for some time. It would seem that the phantom speculators are taking their money out again.

 

I don't understand all this finance and politics game. I just know two things about the EU.

1. Both my grandads, and many thousands of others, gave up a significant chunk of their youth, or even their life, to prevent an unelected force in Europe from gaining control over everybody's life. Then a few decades later we all give it away without a struggle.

2. History consistently shows that great empires don't last. They form, grow into a force to be reckoned with, and then inevitably collapse.

 

I dont pretend to understand it fully.
But I never thought the Euro was a good idea and I still dont.

I''m just hoping the whole set up explodes sooner rather than later, and lets get all the rough times over in one go.
If not this could drag on for years, and that would not be good.

 

Yes, and as Rome burned, the band played on

 

Did anyone else watch "This world: Michael Portillo's Great Euro Crisis" last night? Still available on BBC iplayer. Worth a view IMHO,

 

I think China will be the next dominating country in world finances. They have such a passion for hard work. Europe has lost the knack.

 

Uuumm, are you including the UK in this FC or the EU countries only. We haven't signed up for the Euro, thus is it our decisionor "theirs?"

 

I saw it. It was very interesting. I particularly liked that most of the Greek people interviewed indicated that it was not the EU they were angry at, but their own incompetent politicians. And I was also impressed that most of the German's, being the people that the media likes to say the Greeks blame, acknowledged that the ordinary folk of Greece are suffering and they had an empathy for them.

China is in a bigger bubble than Britain, Europe and the US were just before our bubble burst. Wages and living costs in China are, I believe, now almost on a par with the UK and the US, and people have come to expect a higher standard of living, which means wages and prices have to continue to rise. China will remain competitive for a few years yet, simply because during their boom they invested in infrastructure and industry, so they have a kind of momentum at the moment which enables them to adapt rapidly to changes in consumer buying trends, but as their prices rise, they will become less able to compete. Already many UK companies are looking elsewhere for their offshore outsourcing. Add to that the fact that at least here in the UK, the government and various other bodies are still doing a lot for companies that have an idea that will take money back out of China to bring it home, and many companies are increasingly teaming up to form a stronger force in Europe and the US, and it all spells one thing for China. Their bubble will burst, just like ours did.