Daniel Hannan, a British member of the European Parliament and journalist, has written an important and thoughtful book on the United States, The New Road to Serfdom.
Hannan first became known to many Americans for his speech on the floor of the European Parliament where he said to then Prime Minister Gordon Brown "You cannot spend your way out of a recession." Daniel discusses why a Tea Party movement can occur in America and not in Europe, and why the European social-welfare model, toward which Obama and other socialists are moving America, is diseased and unsustainable.
Hannan first became known to many Americans for his speech on the floor of the European Parliament where he said to then Prime Minister Gordon Brown "You cannot spend your way out of a recession." Daniel discusses why a Tea Party movement can occur in America and not in Europe, and why the European social-welfare model, toward which Obama and other socialists are moving America, is diseased and unsustainable.
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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.
Philip 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.
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