Nigel Farage: "The EU is failing, the EU is dying, I hope that we've got the first brick out of the wall."
Mr. Floyd?
The media will try to blame upcoming violence and financial collapses on this vote, but those issues were only being masked by rigged political and monetary infiltration. We will soon note many banks are practically insolvent (have you been following Deutsche Bank (DB:NYSE) with us?) and the credibility of the ruling class elitists, Obama and Hillary included, will be appropriately destroyed. There is much more pain to come, but that comes with eradicating the cancer that infests our political landscapes.
Freedom won with Brexit, and one freedom fighter we can thank for his leadership is Nigel Farage.
The European Union is a complete failure, a form of new communism that abolishes nation states by stealing the sovereignty of its members and allowing un-elected bureaucrats to seize control over peoples lives.
Under the EU, members nations are facing financial collapse and are being run over by immigrants engaged in terrorism, all an assault on the European standard of living.
Nigel Farage warned us long ago, "It's even more serious than economics because if you rob people of their identity, if you rob them of their democracy, then all they are left with is nationalism and violence. I can only hope and pray that the Euro project is destroyed by the markets before that."
Perhaps that time has come, as with the passage of Brexit, June 23 just may be a new Independence Day.
The DOW and NASDAQ were clobbered again today in higher volume and the markets look to be entering a downtrend at a minimum. What was the catalyst for such a move? Take your pick among many market driven and geopolitical events.
Among the market analysts whose opinions I take under advisement is Karl Denninger over at The Market Ticker. While investors have been fixated on the collapse of gold and silver, this morning, Denniger astutely pointed out a complete break of support by copper.
In my capacity as a collateral risk real estate appraisal analyst, I vividly recall most of the vacant homes I appraised were minus the outside A/C unit, as thieves found the copper within most valuable. In fact, in some cases, all the copper in the improvements was ripped out and stolen.
But the price of copper has collapsed, signaling, as Denninger points out, "because it's a measure of industrial demand -- that is, industrial production on a global basis."
Denninger is correct to point out that Europe, more specifically the EU, is living on borrowed time. First, Greece came to light as essentially bankrupt, and the bailouts began in earnest. They would only provide a temporary respite, with the wheels of collapse spinning a wider web as the days go by.
Additional bailouts have taken place in effort to prevent total insolvency, but they won't work.
Recently in Cyprus, the situation was so bleak that the government resorted to the unthinkable; theft of portions of the monetary holdings of its citizens. Although a stunning development, the sad truth is that the action will not fix the issue.
What will be the next move of the elitist technocrats, or criminals; and is anybody awake to call the thieves out?
Nigel Farage is, and delivered yet another verbal tongue lashing today at a European Parliament meeting, well worth a listen:
Farage, and Denninger for that matter, has been on this issue for several years, but sadly, few are listening. Although the bailouts will continue without long term success, eventually, the bubble will burst and the EU will blow up.
Alarmingly, America will not be immune from the destruction, for much of the same market distortion, bailouts, data propaganda, crony capitalism, fraud and deceit we have seen overseas is taking place here.
Don't think these things can't happen here in America? A Cyprus style theft of deposits has already taken place here in the United States, an action which has completely unpunished, with the malfeasance over at MF Global. Under CEO Jon Corzine, the former New Jersey Democrat governor and an individual Obama and Biden seek out for financial advice, the company went bankrupt evaporating all the firms cattle rancher deposits along the way.
At a minimum, it should be noted the US economy is in very poor shape, the EU is insolvent and destined for failure, China is an untrustworthy economic enigma and your government is masking the truth in astonishing levels of propaganda, most notably associated with unemployment.
These are not the ingredients of healthy market, and not conditions worthy of your investment, unless you are a very serious professional with rocks in your stomach. For me, I'll be golfing when the collapse happens unable to get out, a chance I am not prepared to take given all the uncertainty.
Everyone is essentially insolvent and simply playing a shell game. Bernanke has our printing presses in high speed pursuit in effort to stay ahead of the oncoming bubble burst, creating an a series of positions most difficult to painlessly unwind.
I am not sure where to hide, as a government starving for solvency will leave no stone unturned in their quest to acquire cash. As we have sadly witnessed, theft is now an option.
Farage, flying against strong headwinds, has been a very vocal leader in opposition to the European Union as freedoms of the citizenry diminish due to incompetence of central planner and bankers.
Become acquainted with him in the following video of approximately three years ago as he lambastes in stunning fashion the EU Parliament for their incredible arrogance.
Farage absolutely nailed it in his address, calling out the technocrat elites who seek control over the masses and, as Farage appropriately put, are very dangerous people indeed. That was three years ago.
It won't, and has not, worked, as evidenced by the continuous bailouts of bankrupt countries which make up the EU, often referred to as the PIIGS.
Movement along bailout boulevard led to event this past weekend which should send shivers down the spine of not only investors in foreign markets and currencies, but the average citizens right here across the fruited plain.
The government of Cyprus, absolutely bankrupt and seeking contingency operations, attempted to make a move which many thought may be the catalyst to European collapse; the application of an mandatory tax on the countries bank depositors of a minimum of approximately 7%.
In many areas, such as the US government and our mainstream media, you were informed there was nothing of relevance to found by further investigating the tentacles of the story. Nothing to see here, move along.
However, after the story blew up on social media Saturday, many alternative media outlets flexed their muscle and alerted the world to the evil ripple effect of the proposed action.
Don't think for a moment if cannot happen here. In fact, violations in the rule of law took place immediately into the Obama administration when contract law regarding the positions of bondholders was violated in the auto bailouts. In my mind, they continued with the 3.8% investment tax we found in the Obamacare legislation when we got around to reading it. One can argue the artificial intervention in interest rate levels is stealing investment returns from those, particularly the elderly, who hold investments in seeking returns in interest.
Then there was the sordid affair of malfeasance and theft over at MF Global, where Jon Corzine, former Democrat Governor of New Jersey and Goldman Sachs president, allegedly used funds in customer accounts to arbitrage on European currencies and lost big, causing MF to go bankrupt. As of today, the depositors have not been made hole and Corzine is chasing skirts in the Hamptons.
Russia Today caught up with Farage for commentary on Cyprus and where we the EU stands on the boulevard to bankruptcy. Go:
The EU is destined for collapse, and as Farage noted back three years ago, we should all hope the market collapses before the citizens are robbed to pay off, as Freeman put it, the excessive debts of profligate governments.
Once the lynch pin is pulled, these governments, run by elites who lack respect for the rule of law, will stop at nothing to preserve their power. This includes theft and robbing the citizenry of their freedom and independence, collective action in many a regard.
Time is precious for the United State to avoid similar economic issues given the immoral spending by our government. However, we elected the wrong guy if fixing these issues was on the agenda. They are not, and truthfully, the actions of this administration point to nudging the masses to assist in crashing the system in the vision of Cloward and Piven.
With cheap money seeking the highest level of return, the stock market is artificially pumped significantly above standard levels of relative strength and at some point soon, the casino of choice will crash to the level where buyers and sellers are in legitimate competition finding an equilibrium point influenced in future movement by speculation.
Should a catastrophic event occur in the capital markets, the action of the confiscation of funds has already been established. The United States would not be exempt from such action under similar duress. Gold was confiscated under FDR, and the Obama administration has been investigating how they can gain access to the 401K accounts of the citizens.
In the aftermath of an event, action will be embarked upon by government "for the good of the people", which translate to your loss of freedom and assets for the preservation of power of the progressive elites and ruling class.
Shore up your investments promptly, avoiding Shore Bank, before you wake up one morning and find portions of them confiscated, prompting a global bank run. That will conclude the greatest heist in history.
It can be storngly argued the epic rant by Rick Santelli on CNBC ignited the course of events which esatblished the TEA Party. Count me among those who with afection label Santelli the Father of the Tea Party movement. You remember the rant heard round the world?
Fast forward to the events of toady, most specifically the implosion of the Eurozone, where bailouts of insolvent countries are leading the imminent demise of the Euro.
Nigel Farage has rivaled Santelli in voicing several stellar rants fortelling the demise on the Eurpoean Parliment.
Finally, Santelli gets an opportunity to visit with Farage about the status of the Eurozone. Two greats ranting and raving about the truth of the horrendous economic status of the world, but unfortunately,
is anybody listening?
CNBC had veered very left in recent years, which is most disappointing. However, a few sound thinkers remain in Santelli, Joe Kernen and Lawrence Kudlow. You can count on Santelli for the real story, and certainly, as we have posted about numerous times, Farage is the top voice on the concerns of the Eurozone you should be hearing.
A crash is coming, as the bailouts have not worked, and will not work. As Farage so eloquently points out, technocrats rivaling one another in incompetence are in charge. What could go wrong, market manipulation? Theft? The loss of integrity in the markets?
"This crisis was not originated in Europe … seeing as
you mention North America, this crisis originated in North America and much of
our financial sector was contaminated by, how can I put it, unorthodox
practices, from some sectors of the financial market.".
Barroso, a communist who would not a pro-forma if it rang the front door bell, is actually using EU crisis to promote his political agenda. While foreign investors did
purchase collateralized debt obligations, primarily mortgage batches, that blew
up, an economy which produces few assets and has exponentially expanding liabilities
is the real culprit. Investment novices, risk measurement is not their forte'.
Alarm bells have been ringing in Europe for decades, but for the last few
years, perhaps the loudest harbinger has been Nigel Farage. What does Farage
think of this claim? Farage spoke with David Asman of FOX Business:
EU member countries cannot meet their obligations, smothered by expanding
entitlements, which have required bailout after bailout. EU leaders have
implemented the Keynesian model of increasing stimulus in effort to create
economic growth. President Obama has met with the EU leaders promoting this
philosophy. In fact, Obama is implementing this model here in the states. But
by any statistical measure, the model has failed in Europe and is failing here.
Government does not create wealth; it destroys it.
Germany has had enough, and although Obama and the EU continue to push Germany to continue to participate, they are ready to cease bailouts. With the European Union on the brink of collapse, and time
is short according to billionaire financier George Soros, no doubt short the EU.
But there is hope as Soros and the technocrats running the EU have a
new idea; for the member nations to relinquish banking sovereignty to chosen technocrats running the EU. Shockingly, France is ready to go with this plan. With the EU member citizenry already robbed of their identity
with their entrepreneurial spirit crushed, civil disobedience is ushered in.
Enhancing the further collapse of a society would be for technocrats to rule
over budgets, terminating opportunities for individual advancement and growth
of the citizenry. With the citizenry having no vehicle for changing course, as
the technocrats are not elected by the citizenry, each country falls under the
governance of a panel of dictators, who are not going to allow this crisis to
go to waste.
It would further allow for an objective of Soros; an open
socitey, which ultimately eliminates the sovereignty of participating countries and its citizenry, which ultimately reduces freedom.
I join Farage in counseling the EU members to seek out individual freedom through free market economic principles, the best path to social and economic freedom and prosperity.
Just last week, Spain was granted a $125 billion loan designed to shore up bank imbalances. After numerous bailouts in effort to save the European Union, surely this latest loan will solve the problem.
Memo to all the politicians and technocrats across the globe; the problem is far from being solved. In fact, most if not all of these measures are simply a variation of kicking the can down the road. With overwhelming debt, the EU members become slaves to those who "lend" them the capital or forgive loan components.
As bad as this is under governmental officials that can be voted out, (November cannot come quick enough here in the States), imagine the position of those being held accountable by technocrats who are not accountable to those they are governing over. Simply put; smothering.
While the fallout from this unfortunate circumstance mostly viewed from a financial perspective, the costs are far greater. The loss of jobs skills, of those who can find employment, the hopelessness of the encumbrances of escalating success and the breaking of the entrepreneurial spirit and robbing people of their identity are social costs that burden families and communities.
Historically, tyranny has come from out of control governments, who under the premise of helping those who are in need steal freedom from the citizenry right under the nose of the governed.
While everyone watched European member countries embrace socialism and spend beyond their means for decades, we have recently been warned, most notably by Nigel Farage, how further bailouts would cause further erosion of member nations sovereignty, elevating hopelessness and despair for the governed.
Like a boulder rolling down a hill, the suffering continues. Countless bailouts have accomplished nothing, with billions having been wasted. Ireland and Portugal are shake, Greece is in crisis and Spain just got saved. Italy is real trouble also. Nigel Farage further explains.
While the bailouts have calmed waters temporarily, they have not solved the problem. In fact, these decisions will create deeper pain in the future as the bailouts become more expensive until they cannot be paid and the economies crash. What government entity led by whom will rush in to take over? A scenario similar to this did not go well in the 1930's.
Each of these countries need to break away from their slave masters and regain their sovereignty. At such time, although it will no doubt be painful, a firm foundation built upon freedom and capitalism can emerge with hope for the future for all of the citizenry.
The Eurozone experiment, based upon fellowship and trade, has resulted in the loss of sovereignty and freedom for each of the members, and it must be broken apart.
Not withstanding the economic doldrums brought about by socialism, participatory countries have lost the opportunity for economic adjustments because they are no longer in control of their budgets due to being under the thumb of the EU, who extended bailouts.
Since the EU is run by technocrats, who are unelected managers of the economic freedom of the participants, countries feel restricted and desperate while being governed by outside interests.
Nigel Farage, who has been a vocal opponent of the EU, notes the negative byproduct of the collapsing countries and what happens to the citizens when hope is lost, including civil unrest,which we have already seen as austerity measures have been implemented. Nigel goes on another epic rant:
Recent elections in Greece had the Greek citizens looking for answers from any and every various group who claimed to have answers to their economic conditions and fears. One such group that made sizable parliamentary gains in the elections was The National Party of Socialists, otherwise known as the Nazi party. Yes, that Nazi party.
Embolden by their gains, the Nazi party promptly issued a number of chilling threats, elevating fears of a return to much darker times.
The familiar road being traveled in Europe is very dangerous, as Glenn Beck reported on The Blaze and in the following report on GBTV. Take a listen:
While perhaps well intended, the EU is destined to fail. The EU has not the funding to backstop the PIIGS, and with Greece imploding, the dominoes are lining up for the EU failure. EU countries seek a return to Democracy, and as Farage has said in the past, hopefully the markets take out the Euro, as it looks like it might.
The demise must happen quickly, because the extremes on the right and left are rising in similar fashion to how they did in the 1930's. Markets often take on a persona, and in this case I hope the market takes out the EU before one of these extreme groups gains too much power.
While many seem to have forgotten, it would be wise to remember the last time an extreme party rose to power out of similar economic and social conditions.
BAHL is a REALTOR, Real Estate Investor and Residential Real Estate Appraiser in Orlando. He holds a BS degree in Economics from Florida State University.
