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Methuselah
20th August 2007, 13:38
Alarming comment from Connolly in Telegraph (http://www.telegraph.co.uk/money/main.jhtml?xml=/money/2007/08/20/ccom120.xml)


...whereas the mission of the Fed is to avoid a financial crisis, the mission of the ECB is to provoke one. The purpose of the crisis will be, as Prodi, then Commission president, said in 2002, to allow the EU to take more power for itself.
.....
Eventually, when things have got bad enough, the German public will be forced to acquiesce in lowered interest rates and high German inflation. But by then the EU will have taken the opportunity to seize control of the financial system (cheerfully punishing the London financial "casino" in the process), dictate budgetary policies, extort bail-out transfers from countries such as Britain and impose exchange controls with the rest of the world (and even, as reportedly threatened in a 1998 meeting of the EU Employment Committee, impose exit taxes - expropriation of life savings - on people seeking to flee the EU). And it will seek to "democratise" this power grab by instituting an emergency "European government".

Would Britain resist? The revived "constitution" now being rammed through allows future constitutional changes to be made just on the say-so of a cabal of heads of government, with no need for ratification. Would any British prime minister be prepared - or be allowed - to do his duty and say no in such a carefully-manufactured emergency?

The history of the past fifty years offers no reassurance whatsoever.

NoddY
20th August 2007, 14:14
"The history of the past fifty years offers no reassurance whatsoever."

It's better than a war!

DaveB
20th August 2007, 14:30
Alarming comment from Connolly in Telegraph (http://www.telegraph.co.uk/money/main.jhtml?xml=/money/2007/08/20/ccom120.xml)

And thats all it is. Alarming, or alarmist, comment. Nothing more.

ElectricChair
20th August 2007, 14:30
"The history of the past fifty years offers no reassurance whatsoever."

It's better than a war!

Well we always seem to win the wars. At least nominally.

AlfredJPruffock
20th August 2007, 14:33
Would Britain resist? The revived "constitution" now being rammed through allows future constitutional changes to be made just on the say-so of a cabal of heads of government, with no need for ratification

Shocking - what ?

What is even more disturbing is that these Eurocrats have the audacity to in fact produce a written constitution -albeit that the consititution was rejected by the electorates of various European countries

Britain leads the democratic world in not in fact having a written constitution - A gentlemans word or perhaps a nod and a wink - being his bond.

Methuselah
20th August 2007, 15:22
What is even more disturbing is that these Eurocrats have the audacity to in fact produce a written constitution -albeit that the consititution was rejected by the electorates of various European countries...What is quite bizarre is that the proposed EU constitution that was rejected by French and Dutch voters, was rejected mainly because of elements of it which are in fact already EU law. IOW even the Europhile French and Dutch don't really want the EU as it already is.

Opinion is now divided as to whether European voters should be presented with a constitution repeatedly until they produce the correct result; or not allowed to vote on it at all, on the grounds that their governments have already agreed it.

BlasterBates
20th August 2007, 15:41
"Extort bailouts".

So just exactly how does the ECB extort a bailout from Britain.

What a load of bollox.

richard-af
20th August 2007, 15:45
Nuke Brussels - problem gone.

xoggoth
20th August 2007, 15:46
Haven't bothered to read it but I'm convinced.

Methuselah
21st August 2007, 08:07
In which case, why are the losers always better off?After WWII, the Germans rebuilt their industry as new, and their picturesque mediaeval buildings as they had been before. We did it the other way round.

And we (our governments) spent our remaining wealth playing at being a superpower. They are still doing it.