President Tony the First – Emperor of Europe!

Way back when I published this warning (see HERE). Now, suddenly, everyone is writing about it as if it were news!? Come on people, keep up!

The light at the end of the tunnel is not the oncoming train, but the EU rapidly moving to limit and curtail the powers of the new presidential position.

You can see more on this HERE.

EU Parliament makes MEPs richer…

In case you thought there was no purpose to the EU Parliament, I post this from the Western Mail to prove you wrong. The Parliament makes MEPs richer. Why it can’t be scrapped and a system of video conferencing used in its place, the MEP’s remaining in their own countries, I don’t know? Certainly it’d be cheaper, and more environmentally friendly – each MEP has the carbon footprint of a small third world country. Anyway, for your amusement and information:

“NEIL and Glenys Kinnock came under fire from critics last night as details of their estimated £10m European earnings were calculated by a pressure group.

“Campaigners from Open Europe, which argues for greater transparency, calculated the pair’s multi-million-pound earnings from allowances, wages and pension entitlements over a 15-year period.

“It worked out their salaries and perks included:

“A total of £775,000 in wages for Mrs Kinnock and £1.85m for her husband, adding up to £2,625,000;

“Allowances for Mrs Kinnock’s staff and office costs of £2.9m;

“A £64,564 “entertainment allowance” for Lord Kinnock;

“A total of five publicly-funded pensions, worth £4.4m, allowing them to retire on £183,000 a year;

“A housing allowance that allowed them both to claim accommodation costs even though, as a married couple, they lived in the same house in the Belgian capital between 1995 and 2004.”

“Asked by the Western Mail what he wanted to say about yesterday’s revelations, former European Union Transport Commissioner Lord Kinnock, 67, replied: “Nothing, absolutely nothing.”

“Quizzed as to whether the figures reported were accurate, the former MP for Islwyn, who led the Labour Party to two general election defeats before quitting in 1992 then spending 10 years in Brussels, said: “I’m not making any form of response.”

More about money…printing on demand?

All you hear about nowadays is money. It’s in short supply, so we’ll print some more. Spend our way out of trouble?

“In the 1990s the Japanese government spent massively to try and reverse a similar situation. The result was it was burdened with huge debt repayments which meant a decade of recession and stagnation.

Currently the Chinese government holds billions in US government bonds and must be very nervous about their worth. More importantly even the US government is nearing the limits of what it can spend…but maybe they don’t yet realise that?

In the UK “the amount of money the government has thrown at the banks to prop them up is spectacular. No one knows how much public money will be given to the banks, because no one knows how much money they owe.

The government has spent £200 billion on RBS and is about to spend £200 billion on Lloyds. These bail outs come on top of the £250 billion in credit and the £37 billion in hard cash that was handed to the banks last year.

Labour’s bail outs will more than double the national debt, according to the Office for National Statistics. The government is guaranteeing the debts and liabilities of the nationalised and part-nationalised banks – some £1.5 trillion. That could push the country’s debt levels up to 150 percent of national income, from the current level of 48 percent.

This amounts to a transfer of wealth from the public purse to the bankers – with absolutely no influence over what they do. When the government takes over a bank it leaves most of the same people and policies in place” to continue to do what they’ve always done in the past. Excuse me, but who else, beside a fuckin’ idiot, would do that?

For the man in the street, what’s needed is some new initiatives. Like THIS?

If we all print our own dosh we don’t have to give a monkey’s about the fuck-up the Clown and his Circus are making of things, do we?

Strangely, the IMF signed a deal with Iceland in which they’ll give a loan of 10billion to support the Icelandic economy. But in return Iceland has to introduce massive cuts in expenditure and squeeze living standards to a rock bottom minimum! The IMF don’t seem to have heard of this spend, spend, spend idea?

Iceland, if it had any sense, should just get the presses rolling and print off krona bills till the cows come home. Live today, pay tomorrow!

And a new policy divide appears to be opening up between the EU and the US (no surprise there!) over the extent stimulus spending programmes should be used to combat the current global recession.

Speaking late on Monday evening following a three hour meeting of eurozone finance ministers, the group’s president, Jean-Claude Juncker, signalled that the recent US call for a global spending boost in 2009 was in direct contrast to what eurozone finance ministers considered appropriate. They ain’t going to do it. They already told the Clown they ain’t.

But while the EU’s not about to print loads of money to spend it is putting £8million into an “aquagym and chill out rooms” in the European Parliament – what a great idea! See HERE.

On the subject of the EU “nobody has set out any government or EU vision for how the economy is going to be reorganised during and after this recession. There seems to be no vision of an economic future, it seems to be bailouts, heads down and hope for the best.”

Yet all they have to do is print some more money!!