Perhaps the Only Thing Cameron Will Ever Do That I Agree With

The only thing/s that give me solace are Iceland and the rest of most of the world; they’re fed up with our bullshit and aren’t taking it any more……………………..maybe………………..hopefully…………..

Agreed.

See my post EU lesson on impact of currency sovereignty on national sovereignty at MikeNormanEconomics for context.

In order to validate the theory that the Euro has something to do with recessions or depressions one would have to prove that: 1) there were no recessions or depressions in Europe prior to the Euro, and 2) that nations that do not use the Euro have not experienced any recessions or depressions. In point of fact, there is no evidence to support either of these suppositions. Both the US and the UK, to take two examples, have their own currencies, yet their economic circumstances are just as bad, if not worst, than the countries in the Eurozone. Despite having its own currency the US is in a serious depression that will almost certainly last longer than the European recessions. And Cameron is leading the UK into economic armageddon, to put it mildly, with things getting worse by the day. The reality is that national currencies, in particular the pound, franc and mark, have a very well documented history of instability that has often contributed to recessions and depressions. A simple review of the economic history of the 1930s would make this very clear. The stability of the Euro during this economic crisis contrasts most markedly with the instability of the national currencies during the 1930s, and has certainly significantly ameliorated the current situation. The danger of a lasting depression in Europe is primarily associated with the possibility of getting rid of the Euro and returning to the instability and chaos that has long been a hallmark of national currencies.

Hopefully The Brits are keeping a close eye on P.M. Cameron. Cameron is under the control of P.M. Harper. They have been meeting regarding, the dirty tar oil going to England.

People should read: Harper is a Reformer, and founded the Northern Foundation Party. They said, the skinheads assisted Harper to, organize his fascist party. This was in 1989.

Canada’s young boys, fought for England so we wouldn’t have any fascist dictators in our country’s. Six members of my family were in that war Mr. Cameron. Harper is a low life snake in the grass. His favorite henchman, ex BC Premier Gordon Campbell, has the dirtiest, most corrupt and foul political record in Canadian history. Because Campbell has no morals nor ethics either, he is the High Commissioner to England. Both Harper and Campbell, are conning England into the dirty tar oil. We can fully understand the British views, that Cameron has no backbone. Both Harper and especially Campbell, are well known for their, very dirty tactics.

“Both the US and the UK, to take two examples, have their own currencies, yet their economic circumstances are just as bad, if not worst, than the countries in the Eurozone…”

This is just cartoonishly wrong. The Eurozone countries are far worse off because they’ve given up control of their fiscal, monetary and exchange rate (i.e. international trade) policies. The US and UK are badly governed true, but they can change course. The Eurozone just threw its steering wheel out the window.

Back to reality… Cameron did the right thing and its astonishing that the rest of Europe was surprised that he did. A political leader obeying the wishes of his electorate over that of Angela Merkel? Scandalous!

The only thing/s that give me solace are Iceland and the rest of most of the world; they’re fed up with our bullshit and aren’t taking it any more……………………..maybe………………..hopefully…………..

The whole point of the American military machine is to make sure that they put up with it whether they want to or not. ‘Oderint dum metuant.

Am I the only one who thinks that it’s crazy for a country to sign any binding treaty at a time when the entire global economy is suspended over a pit of alligators? Any disasterous outcome we could imagine might well happen. I think countries should be nimble now and not chained to carrying out someone elses solutions.

Want to echo Celius233 (and Ian in earlier thread’s), Iceland points the way of people and government’s taking control. Interesting interview today on CBC’s Sunday edition with PM of Iceland and that country’s recovery in the face of the IMF (and English & Dutch blackmail):

http://www.cbc.ca/thesundayedition/

There is a fabulous line from fiction that applies to these comments:

What we have here is a failure to communicate

except the failure is not of sight but of language, the effect of babel where ability to be understood is constrained by the individual perception of not only the writer but that of the reader as well. Sometimes it helps to find other sources outside the immediate framework of the discussion that present tangental, parallel or contrarian points of view that illuminate what is usually a complex if not multidimensional subject being discussed. Where I may agree with the need for some contrarian position to the enforced uniformity presented by the Merkel/Sarkozy economic juggernaut, I do not agree with exempting the financial services of The City (or Wall Street) exempt from taxation and control as the veto by Cameron provides. It is a position that neither position is supportable in any rational sense. If this makes for further misunderstanding, what may be occurring is a fundamental failure of language to function (as would be expected after decades of assault by propagandists and merchandisers) in conjunction with the dysfunction of education.

An interesting parallel can be found in The Independent this morning:

http://blogs.independent.co.uk/2011/12/11/why-cameron-was-right-to-say-no/

A map of political Europe over time was linked in a prior post. That comment indicated that only two second tier european economies were still in the hands of contrarian mindsets (this case Socialist) that had small influence over the direction of any political or economic affairs, all other possible contrarian positions were either removed by coups (Greece) or reactive elections (Spain) or obstacles to effective takeover (Berlusconi in Italy) also by coup. No effective resistance to neo-capitalist political suzerainty over governmental powers now exists in either Western power edifice (U.S. or European Union). Cameron only shows the underlying fissure in an otherwise consolidated monolithic ideology. That too will change.