Tuesday, April 29, 2014

The E.U. is close to total control over the European Countries ...It is desperate to keep up the lie. Pooled sovereignty is destroyed nationhood. The party leaders are planning the total destruction of the European democracy.  Meanwhile the EU and the US are increasing sanctions on a war over the Ukraine largely caused by EU expansionist ambitions based on bribing local politicians with EU members' money to sell out their own people.  The peace guaranteeing EU is setting up the beginnings of a bloody war. Japan entered WW2 because it had no choice after its Oil was cut off. Now the sanctions against Russia could similarly cause a war. We are sleepwalking into an EU Super state and are just allowing it to happen....Where are all the mass protests and the rallies, or will we just wait until it's all too late and the EU STASI (the 4th. Reich)are guarding every corner of our land to keep us in our places.  While everyone bellyaches over banker bonuses again, a more potent threat to finance and the City is once more rearing its head.
This is Europe’s proposed Financial Transactions Tax (FTT), a blatant piece of populist politicking, which, if enacted, would be deeply harmful to the City and, by extension, Britain’s economic interests. But let’s not jump the gun; it’s not yet law and, in its original form, quite unlikely to become so. All the same, there was much alarm in the Square Mile this week after it emerged that the European Court of Justice has accelerated its judgment on the UK government’s challenge to next week, which almost certainly means a thumbs-down.  Even so, it’s not as much of a blow as it first seems. If the case is chucked out, it is likely to be on the technical grounds that there is as yet no hard version of the FTT to adjudicate on, leaving the UK free to mount a fresh challenge when there is. The final draft is expected ahead of European elections in May, just in time to give Europe’s political establishment some crowd-pleasing firepower to throw at the insurgent populist upstarts. Honest, it really is as cynical as that, for the FTT really isn’t about making the European economy function better.
Nor is it just City fat cats who oppose it. Central bankers oppose it because they fear it will bring money markets to a grinding halt; industry opposes it because it will increase the cost of finance; and pension funds and insurers oppose it because it will make saving more expensive.... It isn't this particular tax or any other such proposal......the real problem is the politicians have actually convinced our & other populations the answer to every problem (usually created by them) is to tax it.......if someone walked up to you & asked for a tenner to throw down the drain you'd question their sanity..... & yet it is your own rationale that needs questioning as we allow them to pilfer our wallet/bank account to do similar...

1 comment:

Anonymous said...


BP has said it remains "committed" to Rosneft, after the US placed sanctions on Igor Sechin, the president of the Russian energy giant in which BP has a 20pc stake.


The sanctions could prevent US citizens such as Bob Dudley, BP's chief executive, from dealing with Mr Sechin.


Mr Dudley has a seat on the Rosneft board alongside Mr Sechin, after signing a $27bn megadeal in 2012 in which BP effectively paid almost $15bn for shares in the Russian company.


Mr Sechin was named on Monday on the US Treasury's list of "Specially Designated Nationals" (SDN), along with Sergei Chemezov, deputy chairman of Rosneft's board of directors.


According to the Treasury, once an individual or company is named on the SDN list "their assets are blocked and US persons are generally prohibited from dealing with them".