Wednesday, March 20, 2013
Nigel Farage: "Get your money out while you still can."
By Reginald Kaigler (DEMCAD)
My favorite British political leader, Nigel Farage, appeared on RT and said what everyone was thinking.
"Do Not Invest In The Euro-Zone," he warns, "you have to be mad to do so... as it is now run by people who do not respect democracy, the rule of law, or the basic principles upon which Western civilization is based."
Farage is the leader of the UK Independence Party and his warning shouldn't be ignored.
"Get your money out while you still can."
So Cyprus has become the FIFTH eurozone country to need a bailout. The EU can't let any of these countries fall, because if they do, the entire system will collapse.
After the proposal to steal money out of bank accounts, what do you think people will do in Cyprus as soon as the banks open? What would you do?
BANK RUN!
I said it many times and I will say it again: These countries need to have an organized default. Why make things worse with a bailout.
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This whole thing is surreal... almost like a bad dream. I hate to be reactionary, but it seems to make sense to slowly bleed money out of our accounts (here in the US) and keep it stuffed in the proberbial mattress. I know the US hasn't entered the conversation yet, but precedence is a funny thing, and I can see our lawmakers salivating.
ReplyDeleteAfter the stock market crash of 1929 the feds did the same thing. But what followed was a series of laws to makes sure savings accounts would never be tapped again. Instead they use the federal reserve to tally up the defecit and look to increase taxes later.
ReplyDeleteMatthew, they never learn. We as humans keep repeating our mistakes
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