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Wednesday, January 16, 2013 5:38 PM


"Brexit" Talk with Nigel Farage; Underestimating "Sheer Fanaticism"; Barroso's Highly-Paid Chauffeur-Driven Lifestyle


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.

I am certain Farage would agree, while offering a dozen more reasons of his own.

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 European 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
  • 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.

Currently, I think Farage underestimates the problems in France (and that is saying a lot). For discussion, please see France, the Hidden Zombie in Europe

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.

Once 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

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