Alarming comment from Connolly in Telegraph
...whereas the mission of the Fed is to avoid a financial crisis, the mission of the ECB is to provoke one. The purpose of the crisis will be, as Prodi, then Commission president, said in 2002, to allow the EU to take more power for itself.
.....
Eventually, when things have got bad enough, the German public will be forced to acquiesce in lowered interest rates and high German inflation. But by then the EU will have taken the opportunity to seize control of the financial system (cheerfully punishing the London financial "casino" in the process), dictate budgetary policies, extort bail-out transfers from countries such as Britain and impose exchange controls with the rest of the world (and even, as reportedly threatened in a 1998 meeting of the EU Employment Committee, impose exit taxes - expropriation of life savings - on people seeking to flee the EU). And it will seek to "democratise" this power grab by instituting an emergency "European government".
Would Britain resist? The revived "constitution" now being rammed through allows future constitutional changes to be made just on the say-so of a cabal of heads of government, with no need for ratification. Would any British prime minister be prepared - or be allowed - to do his duty and say no in such a carefully-manufactured emergency?
The history of the past fifty years offers no reassurance whatsoever.
.....
Eventually, when things have got bad enough, the German public will be forced to acquiesce in lowered interest rates and high German inflation. But by then the EU will have taken the opportunity to seize control of the financial system (cheerfully punishing the London financial "casino" in the process), dictate budgetary policies, extort bail-out transfers from countries such as Britain and impose exchange controls with the rest of the world (and even, as reportedly threatened in a 1998 meeting of the EU Employment Committee, impose exit taxes - expropriation of life savings - on people seeking to flee the EU). And it will seek to "democratise" this power grab by instituting an emergency "European government".
Would Britain resist? The revived "constitution" now being rammed through allows future constitutional changes to be made just on the say-so of a cabal of heads of government, with no need for ratification. Would any British prime minister be prepared - or be allowed - to do his duty and say no in such a carefully-manufactured emergency?
The history of the past fifty years offers no reassurance whatsoever.
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