Friday, July 26, 2013

A Thought on the EU and England

First an update to my readers, I am doing fine and still adjusting to my medication.

So, for quite a while now there has been a movement within England to get out of the European Union. This can be done easier by them then most other members as they still use their own currency. Nigel Farage of the UKIP party has been pushing hard for this and his party is gaining strongly in their elections.

Euro Crisis And Economic Collapse 2013, Nigel Farage, The Media Still Has No Grip On Reality


The linked video gives a pretty good sense of how the perspective regarding the EU is changing. It also talks about how England, like the United States, gave up on manufacturing. What is also discussed is how England's strongest industry is in the financial industry, same as here. Both panelists discuss how England needs to bring back manufacturing and they do because if they leave the EU, they are going to face a problem that was not discussed.

The "City of London" is a one square mile of financial businesses. It is autonomous and is one of only three such cities in the world. The other two are Washington, D.C. and Vatican city. The City of London controls much of the world's financial transactions. Not long ago one of their institutions known as the London Interbank Overnight Rate or LIBOR was discovered to have been rigged. They effect every interest rate in basically the world and they were all rigged. In the last few weeks it was determined that this rate would now be set with more international influence.

Why should you care. Read on. If England removes itself from the EU, there is a good chance that Europe would cease allowing England to be the financial headquarters for Europe. Without a manufacturing base, England will be economically destroyed if they lose their biggest industry, finances. The same could happen to America when the dollar ceases to be the world's reserve currency. The world is changing and it is planned.

To have a truly global, free trade economy, you have to have a global currency and it cannot be owned by any one nation. Once you have a global currency, you can have a global stock market in the true sense of the word. In order for that to happen, the existing system needs to be destroyed and that is what we are watching. In order for us to accept this change, there has to be a good story and we have to lose faith in our economic system. I am not talking about capitalism, I am talking about the Federal Reserve, the dollar, Wall Street and the manner in which we manipulate our economy and the world's economy.

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