Click the linked image above to see a genuinely great 5 segment interview with Daniel Hannan discussing his new book that warns Americans to refuse to go down the road that America's Democrat and Republican statists are doing their very best to herd us down. Definitely worth the time it takes to watch all five segments....
Daniel Hannan, warns against global governance; but I believe that out of the European Sovereign Debt Crisis, a global sovereign and a global seignior will arise to power.
ReplyDeletePhilip Aldrick of the Telegraph reports that Mr Strauss-Kahn criticised Europe’s disjointed response to the eurozone sovereign debt banking crisis after Germany and other states resisted his calls for bolder action on Tuesday December 7, 2010 warning that "piecemeal" fixes would not work and a "comprehensive" solution is needed.
Germany and France are pushing for an EU summit the week ending December 17, 2010, to approve a proposed treaty change that would allow debt-stricken euro zone states to make an orderly default, with private sector bondholders sharing losses on a case-by-case basis. However eurozone finance ministers did not agree on any new action this week to stop the crisis, making investors wary.
I note that Dominique Strauss-Kahn has given “the clarion call” for a comprehensive solution to the European Financial Institution, Sovereign Debt Symbiosis Crisis.
I believe the Strauss-Kahn call for a comprehension solution will go unanswered.
A catastrophe is coming out of rising sovereign debt interest rates, as well out of further global competitive currency devaluations at the hands of the currency traders, resulting in a financial market place implosion, the European Financial Institutions, EUFN, will fall quickly falling in value, taking the entire global financial system down, resulting in Götterdämmerung, an investment flame out, bringing forth a new age.
And the accompanying rise to power of a Sovereign-Chancellor, Revelation 13:5-10, such as Angela Merkel or Herman van Rompuy or John Redwood; and also a Seignior-Banker, Revelation, 13:11-17, such as Wolfgang Schäuble, or Olli Rehn, or Jean-Claude Trichet, or Gordon Brown, with fiscal sovereignty to control deficit spending, enforce internal country devaluations, provide a common EU Treasury for both taxation and transfer payments, assure mutual guarantees of the EU debt, and as Timothy Geithner called for, implement unified regulation of banking globally. All seigniorage, both credit and fiscal will come and go through the Seignior, who will make decisions on where money is spent.
I provide much, much more comment on the linked article.
@ theyenguy: Thanks for stopping by (I think). JK, I do appreciate your visit, but your comment caught me in an already glum mood about the future and left me even less optimistic.
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