Inquiring minds are listening to an interesting Interview with Nigel Farage on the “Brexit”. For those unfamiliar with the term, “Brexit” means a United Kingdom (British) exit from the EU.
Six days ago in We Want to Have Our Cake And Eat It Too; Another Hotel California Setup; One Million Tiny Miseries, I gave my reasons why the UK should kiss the EU goodbye.
Nigel Farage would agree.
Click on the first link to play the podacast with the always entertaining Farage, to hear what he has to say to GoldMoney interviewer Andy Duncan regarding the ongoing euro currency situation and the recent speeches from Mr
Barroso, the President of the European Commission.
They also discuss the
recent news of the German Bundesbank’s decision to repatriate some of
its physical gold reserves from the USA and France, and the chances
of the “Brexit” in the next few years, as well as the likely fate of the euro and the EU itself.
Select Ideas
- Socially and in human terms the problems are getting worse.
- Youth unemployment rates nearly 60% in some countries
- In 2013 things will actually get worse
- Mr
Barroso’s highly-paid chauffeur-driven lifestyle is like a Marie Antoinette thing - The Euro project will breakup dramatically
- I am pretty certain Germany has a “Plan B”.
- Repatriation of gold is part of the plan.
Farage comments on the sheer size and scale of the Spanish banking problem, and Spain’s growing political and social instability. He also comments on the concept of an “effective greater Deutschmark zone” and the “Brown Bottom” in gold.
Farage states he underestimated the “sheer fanaticism” of the levels that Germany and European institutions would go to “stave off the inevitable”. So did I.
As I said, Farage is always worth a play for entertainment. In this case, Farage did not disappoint. He was as entertaining as always, yet this time with far more serious undertones and discussion.
Again, please click on Interview with Nigel Farage on the “Brexit” to play the podacast with the always entertaining Farage.
Mike “Mish” Shedlock
http://globaleconomicanalysis.blogspot.com