INSIGHT: Until the eurozone criminality pauperises the vulnerable, very few Anglo-Saxons will be interested in it.

Although many very good but relatively narrow websites like Zero Hedge continue to explain in simple terms why the idea of eurozone survival is complete bollocks, the average EU and US citizen continues to be almost entirely let down by the traditional media. Outside of London’s Daily Telegraph (where reality is largely restricted to Liam Halligan and Ambrose Evans-Pritchard) it’s well nigh impossible to find any MSM title or programme prepared to do anything beyond regurgitation of the sovereign spin put out by Washington, London, Berlin…and especially Brussels. Murdoch-controlled Australia is little better: South America I don’t know about, but I assume it’s the same.

As more and more evidence has piled up of criminal negligence and deception inside the ECB and the US Fed, I see (and hear) no evidence that Mr & Mrs Voter have any realisation or understanding of whats going on. They have heard so many optimistic sheep and crying wolves over the years, there is an idee fixe which says, “It’ll blow over and we’ll muddle through”. But perhaps bloggers need to learn the lessons of Hackgate: that is, nobody out there is very interested in malfeasance on a grand scale until it harms something they hold dear. And in order of importance, the important things for these folks are are kids, animals, health, house values and (for over 55s) their pension potential.

Not until the posthumous hacking of Milly Dowler’s phone was anyone beyond the Guardian, the Independent, Private Eye, some media bloggers and the Groucho Club interested in doing something about the Murdoch empire of covert invasion. And not until something equally immediately evil can be laid at the door of the Brussels-to-Banking conglomerate will enough people get off their backsides and apply some pressure.

What are the chances of this happening? Actually, I think they might be increasing. Last month in Greece, the Papademos government did steal money from the hospitals in order to pay some English Law bond stragglers; but that part of the theft (which in total included the emptying of most University and some post office bank accounts) was vehemently denied by the regime in Athens. My sources stick to their story: and they’re backed up by ordinary Greeks who have noted that chemists too have been getting prescription cheques that immediately bounced. What’s interesting though is how the Venizealots chose to deny only that part of the embezzlement. They too know the rules: don’t mess with the sick.

In this sense, Germany and its actions represent an interesting – perhaps unique – case. The British have always had a love/hate relationship with the Germans: on the one hand, we admire their guts and ethics and feel more culturally at home in some ways with them than we do with the French. On the other, we dislike their arrogance and distrust their motives: between 1939 and 1945, German ambition effectively (and pointlessly) bankrupted Britain – and then got bailed out by America. We didn’t.

In the First World War, the British propagandists invented entirely untrue tales of the ‘beastly Hun’ bayoneting babies, and even eating them. Unfortunately, what the Nazis did in the Second was almost beyond belief. Now today, here we are again: the arrogance, the insistence on imposing quasi-Gauleiters on the Greeks, and the hubristic ambition to run things. Yet so far, the Germans have escaped any real criticism in Britain for double standards. In the ClubMeds – quite rightly in my view – such reporting of Berlin’s hypocrisy is a daily affair. Greece is, after all, being effectively screwed into the ground in order to save just as many German as French banks.

But this too is removed from the experience of the average mass market reader or viewer. And Britain is not in the eurozone, so we’re “not involved”. Except that of course we are; and it will be even worse for us in time, because when it’s our turn, there won’t be any bailout monies. But when that does happen, very few will blame the Germans for our plight. I think they should: German intransigence and Brussels’ arrogant incompetence have together ensured that, once again, Britain is going to end up bankrupt. (Before I get complaints, let me once again make it clear that Britain made its own bed in the eighties and the naughties, and must bear the brunt of blame for its own condition now).

It may seem like I’m wandering a bit now, but I’m not: the EU meltdown in particular and the financial mess in general are the subject of a non-stop cacophony of contradictory essays, press reports and TV programmes. As with the climate debate, it is this wall of noise that makes it too dull, distant and difficult for most people to bother listening to. Thus the need to bring home the micro effects on the vulnerable becomes even more acute for those of us who want the sociopaths behind it gone at the earliest opportunity. This doesn’t mean inventing horror-stories (which is what the Guardian or the Hard Left would do) but rather making a direct and credible connection between insane macro-policy and the devastating effect on many innocent people.

It’s just a thought. I see nothing else so far that’s concrete in the sort of areas I’ve outlined above. But some sources suggest that Spain will produce them: no title in the MSM has yet reported this, but as I’ve maintained for some time, the Madrid Goverment has emptied both the public employee pension fund and the Social Welfare budget in order to comply with Troika austerity measures. When the money ends, so too will pensions and welfare. People in Spain are going to starve for the first time since the Civil War. Hopefully, before that becomes necessary, the Germans will have backed out, and the Troika will be no more.

 

 

73 thoughts on “INSIGHT: Until the eurozone criminality pauperises the vulnerable, very few Anglo-Saxons will be interested in it.

  1. As to bringing it home to the people, wait until affects the “Beautiful Game” Then we will see action.
    The Sun, daily newspaper with the biggest circulation. Reading age 7 years.
    When a consumer picks up the Sun, watch the first thing they do. They turn to the back page. Sport, football.
    That’s what the majority of the population is interested in in this country.
    Why didn’t Old Harry go down for tax evasion? the establishment had the England job in mind for him, keep the proles entertained above all.
    House prices are not important if there’s a story about a shaved monkey and an escort girl….

    • I always thought the football was stop two in the sun, after news in briefs.

      Disclaimer, I don’t buy it myself. Rupert gets no money from me. But I do occasionally take my life in my hands in a greasy spoon. Where obviously it is obligatory reading/looking.

    • Maybe the readers know not to look for information in the papers — that it is all lies and deception and advertising and influence.

      So off they go to the ball games and funny papers. And some fine puzzles. They may be saying of the rest of us “you can’t be serious — they actually read that nonsense?”

      • Get on the Docklands Light Railway in the mornings heading towards Canary Wharf, you will be shocked to see just how many “professionals” read the Sun.

  2. But John, Jeremy Warner of the Telegraph was telling us all only the other day that things are looking up and we’re past the worst of it …

    Whenever the Government of whichever stripe drops a bollock, their immediate thought is to try and distract the attention of the masses with a cover story. Which usually turns out to be an even bigger bollock (see fuel debacle last week). What really concerns me is that when the crap is really about to hit the fan, the duplicitous bastards will not resist the temptation to indulge in a little ‘false flag’ activity. It may be this that tips the balance.

  3. ” between 1939 and 1945, German ambition effectively (and pointlessly) bankrupted Britain – and then got bailed out by America. We didn’t.”

    Thats not true. The UK had more Marshall Aid than anyone else. We just chose to spend ours on nationalisation and a Land Fit for Heroes(TM), rather than creating an efficient industrial base. The Germans had nothing in 1945, literally, just heaps of rubble. Within 40 years they were wealthier than we were, mainly because we had socialism, and they didn’t.

    From Wikipedia:

    “Germany, which up until the 1953 Debt agreement had to work on the assumption that all the Marshall plan aid was to be repaid, spent its funds very carefully. Payment for Marshall plan goods, “counterpart funds”, were administered by the Reconstruction Credit Institute, which used the funds for loans inside Germany. In the 1953 Debt agreement the amount of Marshall plan aid that Germany was to repay was reduced to less than 1 billion USD. This made the proportion of loans versus grants to Germany similar to that of France and the UK. The final German loan repayment was made in 1971. Since Germany chose to repay the aid debt out of the German Federal budget, leaving the German ERP fund intact, the fund was able to continue its reconstruction work. By 1996 it had accumulated a value of 23 billion Deutsche Mark.”

    • Wikipedia is a free, open content online encyclopedia created through the collaborative effort of a community of users known as Wikipedians . Anyone registered on the site can create an article for publication, whether it’s true or not.

      • PaulJ,

        Think what you like: who cares. The 1945 Labour Government was a complete and utter disaster and many of the problems today stem from that disaster.

        As to the Second World War it is a fact that Neville Chamberlain had no need to give Poland any sort of guarantee. There was no British interest at stake, and this policy was a disaster. Hitler really wanted war with the Soviet Union, so he ended up with the wrong war and had to jump into bed with Stalin, whom he hated. It was like the Iran/Iraq war: the policy should have been to make sure they both lost. Chamberlain’s policy almost destroyed the United Kingdom and with it civilisation.

        Every November I plant a Cross in the Field of Remembrance and give thanks to Almighty God that we were victorious.

      • Andy,
        well actually I care what people think-because the better we understand the past, the better we will understand the present. The way we got where we are is hugely important. The Slog is doing his bit to explain what is currently happening-and just look how few people care, or take notice. But not only current bollocks should be de-constructed-the past should get a deconstruction as well.
        Incidentally, I don’t know that you are right about Chamberlain. The guarantee was effectively something he was forced to give politically-leading the charge was one W S Churchill, a man not known at that time for his good judgement! But as he subsequently said “history will judge me kindly, for I shall write it”. Charmley is good on this period.

      • MickC,
        Throughout the 1930s appeasement was opposed by a group of Conservative (& a few Liberal) MPs who gathered around Anthony Eden. They would often meet at a house in Queen Anne’s Gate (it had a division bell) and actually the government was so concerned about them that Baldwin and Chamberlain had the house placed under surveillance ! Churchill wasn’t part of this group. The Labour Party wasn’t involved either and at the time was lead by the pacifist George Lansbury, who lead his MPs to vote against the Navy Estimates.

        Whether Chamberlain was right regarding Poland is neither here nor there, but it is a valid point to make no matter what PaulJ might think. And actually the Poland which Chamberlain guaranteed is not the same as the one that exists today – it has ‘moved’. The problem was that the Great War had so traumatised society that no one wanted to live through what they thought would be the same level of carnage. This is why there was this failure to stand up to Hitler, and ultimately appeasing him made War more inevitable not less.

        Today many politicians see the European Union as the thing that will make war in Europe impossible. It is a pipe dream. It has been NATO that has kept the peace, not the EU and actually the way the EU is developing could sow the seeds for war, not eternal peace. The Law of unintended consequences.

    • OK Jim – fair point.
      But lend lease kept a base open so the Americans could both protect and develop markets after the horrors of Hitler.
      Britain stopped paying for that in 2005. Given our courage in standing alone, it does stick in my throat that we too weren’t forgiven some of the debt: we had to pay every last red cent back.
      We lost the war and the Germans won the peace – all credit to them for doing that. But I have to tell you that in Boston 25 years ago, an arrogant git gave me the ‘but for us you’d be speaking German’ speech. It took all my middle class reserves of reserve not to punch his lights out. Instead, I told him how Joe Kennedy told FDR in 1940 that Britain was finished, and he should side with the Nazis. Nice man, Joe. For all his latter-day critics, his son really WAS pro-British: he liked us.
      The problem with all this history is that it will always be there, and all sides need to recognise that. The ignorance of the US State Dept is matched only by the incompetence and duplicity of the FCO.

      • Unfortunately John, whilst Joe Kennedy was unpleasant, he was also right.
        In 1940 the UK did not have the resources to sustain war angainst Germany-we were spending at a rate which was unsustainable (Correlli Barnett-The Collapse of British Power). War needs money-the US loaned it to us-unpalatable maybe, but true nonetheless.
        Probably this was Churchill’s plan-borrow lots so the US had to help or lose the money. No doubt, it was also Roosevelts plan, because the creditor has the power (also China’s plan no doubt, as the US will find out!).
        As Elizabeth I said “I do not like war-it is expensive and the outcome in uncertain”. WW2 is one war we should have stayed well clear off.
        So yes, your US “friend” was correct-the US saved us by loaning us money just as it did in the Great War. He was incorrect because Germany could never have succesfully invaded the UK (even if that had been intended)-and we would therefore not have been speaking German. But let’s face it, if you want people to give their lives, liberty and money you have to paint the other side as a monster directly threatening them-a bit like the “war on terror”!

      • I’d say Jim was broadly right. The 1945 Labour Government was possibly the worst disaster to befall this land last century. But then again every Labour Government has been a complete and utter f****** disaster. The last one was merely a shining example.

        I also agree that Joe Kennedy was a nasty piece of work, as were all the Kennedy clan. It was the late Lord White’s ambition to restore the 30% of America that the United Kingdom use to won before we were swindled out of it to pay for defeating Hitler. Perhaps we should have stood aside and allowed Hitler to get on with it, but you can’t say that !

      • The above 2 comments are the most idiotic, ignorant and un-educated posts i’ve ever read on this blog.

      • Paul J
        regrettably they are not-and I do actually mean that I regret it. Once upon a time I too believed that the UK’s involvement in WW2 was “a good thing”. Then I talked to people (officers shooting their men on Dunkirk beach as an example!), read some history (of the objective rather than triumphalist type) and grew up. Just like growing up, it wasn’t necessarily nice to realise that members of ones family gave a lot for SFA.

    • Like any unscrupulous businessman who knows that he is heading for bankruptcy, the Germans towards the end of WW2 salted away a great deal of the gold and gems that had … come their way during their plundering of Europe. Now, working on the basis that the rightful owners were never reimbursed (or survived the Nazi regime) we are entitled to wonder where the gold went. Not to the bottom of some Swiss lake as we are told, nor even to America – although they would have tried, I am sure. More likely transferred to the careful keeping of General Franco perhaps, in return for certain guarantees regarding his tenure etc. There was certainly a flurry of activity in 1975 when Franco died and millions of krugerrands suddenly hit the markets out of nowhere. The Black Eagle fund is something that also does not figure in official war histories.

      The anodyne account in Wikipedia bears about as much relation as to what actually went on post 1945 as its account of how the Egyptian pyramids were built.

      • Now we are in Yamashita’s treasure country! Sterling Seagrave has a gripping book on the subject, but how much is true? We’ll never know.

  4. Home ownership, an Englishmans home etc, a brilliant control mechanism, nothing will happen in the Uk until the sheeple are homeless,and hungry, right now they have got too much to lose for them to get out on the streets, bread and circuses ..24 hour rolling news?…
    Amazing to think we are actually living through history, it’s all around us..
    Thanks John ..for the Slog.

    • Fine-destroy housing as a store of value. Just what do you suggest people put their savings into? Cash? Err-no, inflation will eat it. Shares-err-no, they won’t keep value either. Gilts-same problem as cash.
      People buy houses because they need somewhere to live and don’t trust anything else-and I don’t blame them!

  5. I’ve been impressed by what Andrew Lilico has written in the Telegraph recently. A sharp rise in interest rates is needed to weed out the malinvestments like housing which is over 60% overvalued. Otherwise it’s 20 years of grinding debt deflation while we payback the debt (as Steve Keen points out). The UK with total debt of 950% of GDP is in a much worse state than the EZ.

    • Robin
      You know my view: we should never have reduced interest rates, which weren’t that historically high anyway. We should’ve neutered the banks, kept the economy going with Silvers’ expenditure, and immediately slashed all Government WASTE. Note – waste…not expenditure.
      But we didn’t.
      So now we are dead men walking. And nothing can change that.
      BTW, I think your 950% of gdp needs some elucidation: our national debt is slightly less than Germany’s, which is 140% of ND.

      • Between N Rock and the the last week of Sept 08 there was 13 months. In this 13 months RBS, Hbos and others went around the world drumming up capital, Barclay’s succeed.

        It was quite evident at this time that the banks were pretty much a busted flush. The question that still has not been answered is with the full force of HMG and the civil service why was not a proper plan of action implemented before the meltdown.

        Now of course we have Vickers and the bail in, or in other words a debt for equity swap, which could have be implemented at the time with emergency legislation.

        The reason this was not done is I think that the Politicos were not bailing the banks out at all, they were bailing themselves out.

        To me this is a breach of duty, what the hell do we have Govts for if its not crisis management?

        From today’s SunTel, KAMAL AHMED

        “Sharon White, the Treasury’s head of public spending and author of the report, does not spare the mandarins’ blushes. She admits that work on preventing macro-prudential failure in the banking sector was not “deemed to be a priority” and was “judged to be highly improbable”. So highly improbable that the Bank actually cut the number of people working in the area despite a warning in 2005 that there was no actual framework to deal with an inter-connected breakdown in the financial sector.”

        from the CPS
        Misconduct in Public Office.

        http://www.cps.gov.uk/legal/l_to_o/misconduct_in_public_office/

        Maybe its the CPS we should be writing too not the MP’s? get a few Civil servants in the Dock and let them bring their former masters down with them.

      • He means total debt in the economy, including the banks, and its closer to 600 %, higher than anyone else’s. US is about 500%

      • See the Tullet Prebon report late lasy year called “ARMAGGEDON”

        Public debt, private debt, unfunded pension liabilities, PFI obligations and the figures become enormous. Of course always comparing different methods of statistical analysis is frought wih danger.

        It is not just the GDP/DEBT ratio but the ability to reduce it which counts.
        Take Japan, but nobody is postellating that they are in the same boat as Greece or Italy,

      • Well John

        The root of most of the problems has been cheap money. In Greece it fuelled a huge debt bubble in the State and private sphere. It will take 30 years to sort the mess out, if at all.

        It has been a huge mistake of the Fed (the Bank of England has had to follow suit) to slash interests rates so low. It is time that money gradually had its true value restored.

      • @Sean: That Telegraph KAMAL AHMED article is the first time I’ve heard anybody demand that Mervyn King stands up and explains the role HE played in the UK financial meltdown. After nearly four years, he still refuses to do so. We know why.
        Those responsible: from Brown, down thru the Treasury, FSA,and BoE should all be rounded up and held accountable.

  6. Pingback: Insight: Until the Eurozone Criminality Pauperises the Vulnerable, Very Few Anglo-Saxons Will Be Interested In It

  7. @RB.Too right.Where did Mervyn King learn his QE nonsense,King’s Cambridge.If you make ONE asset free of CGT and discard all the old restrictions on lending,you distort the economy towards ‘investment’ in housing.The problem is that base at 3.5 penalises HMG( the biggest borrower) and the taxpayer,unless somebody has the guts to return the size and the cost of the public sector,in general, and the welfare state ,in particuliar, to 1997 levels and sharpish.Rather difficult with a coalition government,led by a weak,weak man.When the market has done for the Euro,it’s attentions will turn to high inflation,overborrowed,nil growth UK.The only good news is that gilts are a screaming sell,and that equities have plenty left to go(the right ones!).

  8. By the way, historians have now apparently decided that tales of German atrocities in Belgium and northern France in 1914 had much truth in them (though not, I’d guess, tales of eating babies).

    • If you cannot name these “historians” you are you are simply repeating wartime propaganda.
      The real horror of the the1st World War was the indiscriminate use of human life to further political / diplomatic aims.
      ALL the governments of the participating countries & their elites were guilty of this crime.

  9. …South America I don’t know about, but I assume it’s the same.

    My impression of TV Globo in Brazil (by far the largest TV network in Brazil & South America and 3rd-4th in the world) is that there’s an element of concealed schadenfreude regarding the collapse of Euro economies and especially of the US. I’m sure Globo reflects the socialist government’s view, which is only moderated by the effect it’s now having on their own economy. That virtually ground to a halt 4Q-2011.

  10. I agree that public interest in issues is often lacking unless it affects people personally or something they hold dear. But on the EZ financial crises, another factor has entered the equation: they simply do not understand it and are being fed an endless stream of bare faced lies laced with imaginary numbers from just about everybody involved…from the ECB, through Berlin all the way to Brussels, over to London and back again. Think about the time that people on The Slog spend unravelling all the lies, and even then the detail is often incomprehensible. This is not an accident.

  11. “The Sun, daily newspaper with the biggest circulation. Reading age 7 years.”

    It seems to me that the wrecking of the education system has been deliberate. I remember the ITA reading scheme in the 70s, it has to have been just about the most stupid idea ever. My sister could already read before she started school, I remember my mum getting her to read a tiny bit of the newspaper every morning (in the days when newspapers werent filled full of bottoms and gossip) and when she went to school she was forced to learn ITA, which confused her and set her back, effectivly destroying her chance of passing the 11 plus.

    I think teachers aren’t happy about the way successive governments have mucked about with the education of children, particularly the older ones.

  12. Well. I read the ‘news’ on this site every other day or so.

    http://www.ukipmeps.org/

    OK so it’s UKIP, but these guys are in there and writing about the
    ‘cobblers’ (sorry, bollocks) that oozes from brussels on a daily basis.
    They are not in there writing these crappy directives, they are in there exposing them. What needs to be done is to get people away from the ‘biased bbc’ and to read about the real situation. Everything is affected, from postage stamps to the height of EUrinals!
    Expose them for what they are……. For example. Just imagine.
    You’re rushed into A&E.
    No doctors?
    All gone home.
    EU working time directive.!
    And so on and so on.The public should be told.
    It will probably be ‘over my dead body’ that the bbc tell us the real facts.

    • There’s something about Nigel Farage that I like, of course he tells it as it is, because he has nothing to lose.

  13. Average Joe 6 pack – Sunday, get the Sun on Sunday, what will it be first page 3 or the other sporting stuff on the back page .I’ll see the first match up the pub over a few bevvies, home for Sunday Lunch and then see the 2nd MoTD followed by a few ‘ZZZ’ – that’s what Joe’s do on Sunday and Saturday is not much different .The rest of the week, he and the Mrs have been out daily queuing for Petrol / Diesel and blaming the govt for the crisis .
    The rest of the time they are gossiping about X-Factor and Big Brother – one tosser starts a thread about the Video by Tulisa – WTF is this I say and have to google to see what it’s about – I know what they talk about as I’m a Modz on a large forumn board .
    Kids, booze, money, Mrs, house, holidays, porn and Sport – that their interest, no point in them reading this stuff John, too many longwords and punctuation, this is the real sheeple, worth informing or saving, nah don’t think so .

    • The subtle difference is that, once it is made public that every single e-transmission is being monitored (what else do Menwith Hill and GCHQ do all day ?), they will then be able to use evidence thus gathered in court cases. At the moment it is inadmissible because that would be to admit the sources. That’s the only purpose behind admitting what we already know has been going on for decades.

  14. Pingback: John Ward – Insight : Until The Eurozone Criminality Pauperises The Vulnerable, Very Few Anglo-Saxons Will Be Interested In It – 1 April 2012 | Lucas 2012 Infos

  15. Pingback: EUROZONE DEBT: Brace yourselves for Monday trading in peripheral bonds | The Slog

  16. Alistair Darling, one of the few politicos who seems to have a clue, is at least paying attention.
    From the Indie…
    “Europe is in the eye of an economic cyclone, with a fresh storm about to hit vulnerable countries, the former chancellor Alistair Darling has warned.

    Mr Darling, who accurately predicted in 2008 that Britain was on the brink of the worst economic downturn for 60 years, said European Union leaders should not be lulled into thinking that the worst of the eurozone crisis is over”

  17. Re: “German ambition effectively (and pointlessly) bankrupted Britain – and then got bailed out by America.”

    Aside from the dubious grammar, this is bollocks. Britain received $3.29 billion in Marshall Plan aid versus the $1.45 billion received by Germany and $2.30 billion received by France.

    And it was never Germany’s intention to go to war with Britain. It was Britain’s intention to bring Hitler and Stalin face to face through the betrayal of Czechoslovakia and Poland, in the hope that they would mutually annihilate: a stupid idea, obviously since the victor would come out of the war vastly more powerful and therefore more dangerous to the Western interest.

    In the end, the Western allies were forced to fight Germany and then contain a vastly expanded Soviet Union.

    WW2 was the result of catastrophic British miscalculation.

  18. German intransigence and Brussels’ arrogant incompetence have together ensured that, once again, Britain is going to end up bankrupt.

    I see this from a different viewpoint. Britain could have helped here by showing Brussels and Berlin what they should do. (Or could have done). You had an important diplomatic role to play here.

    Instead, Britain steps back and does what Britain does best: nothing.

    I am very cross with Britain for not stepping up to the crease. You left the wicket without a batsman.

    • Gemz=O=,

      Sorry to say but your anger is misplaced. Britain was firmly told to ‘keep out’ by the stupid dwarf Napoleon in Paris. We were shut out of this crisis, except when they wanted us to pay for it of course. That was why our politicians gradually started speaking in public because in private we were dismissed and told to keep out.

      What this whole mess has shown was not only the stupidity of the Euro, which is what the Eurospectics have been saying all long (and getting buckets of abuse for it too), but also the utter incompetence of the European political class. Merkel and Sarkozy, by their own behaviour, have made a terrible situation worse. They arrogantly think that the worst is over and they have turned a corner. They haven’t as John points out.

      So don’t blame Britain. We warned and no one would listen. Perhaps you should call all the European politicians to account.

      • @Andy

        “Sorry to say but your anger is misplaced. Britain was firmly told to ‘keep out’ by the stupid dwarf Napoleon in Paris.” – - – that is precisely my point!!! Good grief! You Brits really do take the biscuit.

        That is precisely the sort of thing Cameron should have stood up against – and what is more, never let happen in the first place. He should have been pro-active and shown France that you were serious about the situation in Europe. Instead, you sit down and start humming the National Anthem quietly to yourselves whilst your banks run riot in the background.

        Cameron could have stood up for himself!!! He sould have hit Sarkozy back. That might have taught him a lesson. That you complain then that it was then Europe’s own fault is simply drivel. You should have stood up for yourselves, not cowed by some Hungarian rodent. Instead, he showed that he was as tough as a dunked digestive.

      • I’m with Gemz on this.
        We’ve completelly abdicated our responsibility to non-Franco/German Europe. Sitting aside and looking smug is NOT a policy.

      • @Paul J

        Thankyou. I would like to add that the electorate in Britain is doing precisely the same thing. That means that Cameron can get away with being supine.

  19. There has always been sheeple the only difference now is that the chattering classes are better informed but feel powerless against the ruling classes and feel frustrated that the sheeple cannot see, do not care or are not aware of the precarious situation that exists. This situation will not change no matter how much hand-wringing takes place. Not for the first time in human history the lemmings will cascade over the cliff edge.

    • @Gemz: Nice one! I tried to post a comment but it didn’t take, even though I entered the captcha letters. A small bug maybe?

      • @BT

        Thankyou for your kind comment!

        I will try to sort something in the morning; I think that they will need moderating? I will see how things go first, and if the comments are reasonable, will allow them un-moderated.

        Actually, some advice from JW would not come amiss on this point. Thanks.

      • @BT

        I got your comment through by email. I have to find out how to post it, or what to do so that you can just post without moderation. It will get sorted, sir.

  20. Hi and thanks to BT for his kind wishes. I will try to learn how to sort the comments in the morning.

    JW – you now have somewhere to link to in the German press (or wherever) should you wish. Over to you!

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