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- Jul 13, 2007
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Greenspan today: "This is the worst period that I can recall".
Greenspan today: "This is the worst period that I can recall".
One doesn’t have to be an expert on European politics to instinctively understand that if the governments, the central banks and all their connected crony capitalists are howling there will be Armageddon if you do X, it is virtually always in your best interest to do X.
Greenspan today: "This is the worst period that I can recall".
WASHINGTON (MarketWatch) — The global economy is suffering from even bigger woes than the decision by U.K. voters to leave the European Union, Former Federal Reserve Chairman Alan Greenspan said Friday.
”This is just the tip of the iceberg,” Greenspan said in an interview on CNBC. “The global economy is in real serious trouble.”
The rejection of British voters of the status quo in Europe was fueled by a “massive slowing” in the growth rate of real incomes that is widespread across Europe, Greenspan said. This, he said, is creating serious political problems that are not easy to resolve.
Behind the slowdown in income is the sharp drop in worker productivity, according to Greenspan. Governments have to cut entitlements to reflect this weakness, he said.
The biggest concern is not a recession, but stagnation, the former Fed chief said.
“The euro-area…is failing,” Greenspan said.
“Greece is in real serious trouble and it is not going to continue in the euro very much longer irrespective of what is going on currently,” he said.
Asked what he would do if he was still Fed chief, Greenspan said: “I would worry.”
Despite the Vote, the Odds Are Against Britain Leaving the EU
http://www.paulcraigroberts.org/201...st-britain-leaving-the-eu-paul-craig-roberts/
Paul Craig Roberts
The Brexit vote shows that a majority of the British voters understand that the UK government represents interests other than the interests of the British people. As difficult as the British know it is to hold their own government to account, they understand they have no prospect whatsoever of holding the EU government to account. During their time under the EU, the British have been reminded of historical times when law was the word of the sovereign.
The propagandists who comprise the Western political and media establishments succeeded in keeping the real issues out of public discussion and presenting the leave vote as racism. However, enough of the British people resisted the brainwashing and controlled debate to grasp the real issues: sovereignty, accountable government, financial independence, freedom from involvement in Washington’s wars and conflict with Russia.
The British people should not be so naive as to think that their vote settles the matter. The fight has only begun. Expect:
— The British government to come back to the people and say, look, the EU has given us a better deal. We can now afford to stay in.
— The Fed, ECB, BOJ, and NY hedge funds to pound the pound and to short British stocks in order to convince the British voters that their vote is sinking the economy.
— More emphasis on the vote’s weakening of Europe, leaving all to the mercy of “Russian aggression.”
— Hard to resist bribes (and threats) to prominent members of the leave majority and pressure on such leave leaders as Boris Johnson to be reasonable, concillatory and to maintain good relations with Washington and Europe, and to reach a compromise on remaining in the EU.
— Expect the Confederation of British Industry (CBI) to attribute the loss of British jobs and investment opportunities to the leave vote.
Once you learn to think about how things really are and not as the presstitutes present them,
you will be able to add to the list all by yourself.
Remember, the Irish voted against the EU and pressure was kept on them until they reversed their vote. This is the likely fate of the British.
— The Fed, ECB, BOJ, and NY hedge funds to pound the pound and to short British stocks in order to convince the British voters that their vote is sinking the economy.
Britain actually wants a week Pound- it encourages jobs in the UK- making imports more expensive and their exports more attractive in terms of prices.
This is fantastic! I'm not used to seeing big national elections actually turn out my way. But here it is! A good result! It is possible!
Here is the reaction from the opposition. Very telling. Very telling indeed.
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Here's the thing: they aren't wrong. Whites did this. Minorities voted Remain. Go figure, eh? Just another fact to think about.
So, is Boris Johnson going to be the next PM?
Despite the Vote, the Odds Are Against Britain Leaving the EU
http://www.paulcraigroberts.org/201...st-britain-leaving-the-eu-paul-craig-roberts/
Paul Craig Roberts
The Brexit vote shows that a majority of the British voters understand that the UK government represents interests other than the interests of the British people. As difficult as the British know it is to hold their own government to account, they understand they have no prospect whatsoever of holding the EU government to account. During their time under the EU, the British have been reminded of historical times when law was the word of the sovereign.
The propagandists who comprise the Western political and media establishments succeeded in keeping the real issues out of public discussion and presenting the leave vote as racism. However, enough of the British people resisted the brainwashing and controlled debate to grasp the real issues: sovereignty, accountable government, financial independence, freedom from involvement in Washington’s wars and conflict with Russia.
The British people should not be so naive as to think that their vote settles the matter. The fight has only begun. Expect:
— The British government to come back to the people and say, look, the EU has given us a better deal. We can now afford to stay in.
— The Fed, ECB, BOJ, and NY hedge funds to pound the pound and to short British stocks in order to convince the British voters that their vote is sinking the economy.
— More emphasis on the vote’s weakening of Europe, leaving all to the mercy of “Russian aggression.”
— Hard to resist bribes (and threats) to prominent members of the leave majority and pressure on such leave leaders as Boris Johnson to be reasonable, concillatory and to maintain good relations with Washington and Europe, and to reach a compromise on remaining in the EU.
— Expect the Confederation of British Industry (CBI) to attribute the loss of British jobs and investment opportunities to the leave vote.
Once you learn to think about how things really are and not as the presstitutes present them,
you will be able to add to the list all by yourself.
Remember, the Irish voted against the EU and pressure was kept on them until they reversed their vote. This is the likely fate of the British.
I thought Cameron's saying he's not the one to do anything regarding negotiating an exit, putting action off until October and a new PM, was a stalling tactic. I'm also not entirely sure about Boris and if he can cajoled. Farage and UKIP need to stay on top of it and you know they will.
This is fantastic! I'm not used to seeing big national elections actually turn out my way. But here it is! A good result! It is possible!
Here is the reaction from the opposition. Very telling. Very telling indeed.
Here's the thing: they aren't wrong. Whites did this. Minorities voted Remain. Go figure, eh? Just another fact to think about.
FIRST THEY IGNORE YOU. check
THEN THEY RIDICULE YOU. check
THEN THEY FIGHT YOU. check
THEN YOU WIN. check
Let the whining begin, I almost laughed myself to death today listening to the radio where people where moaning and bitching about how this was the wrong result. Awesome, perfect comedy. What a bunch of idiots. First you treat people like they don't matter, then you lose, then you start whining ? These people need to take a look in the mirror and get some self-confidence.