| Product: |
The Euro |
| Date: |
09/06/09 (76 review reads) |
| Rating: |
 |
Advantages: Save money by going to the Euro
Disadvantages: Euro waste is huge
Britain contributes £40 million pounds a day to the European Union. Forty million pounds a DAY!!! For that we the British taxpayers get little back in subsidy and the EU lawyers and politicians fill their boots with it. Recently we were losing that much an hour as the pound collapsed against other foreign currencies.
When sterling was getting hammered and the Euro and dollar were high it was noticeable it was just after the oil price hit that six year $37 dollar low. All oil trades are purchased in dollars and so as oil recovered so did the dollar, the speculators moving against the pound. Pegging oil to the dollar means the dollar can also be speculated on. As oil has been rising again-now at $70 per barrel-the dollar is now falling again against the Euro and Sterling, showing just how much control the speculators have over the markets, regardless of the obvious plentiful oil supply in recession. In fact if you look at the recent oil prize on the graph it mirrors sterling's recovery. I think for that reason alone it would be wise to join the Euro to avoid Sterling being attacked by both currencies when it's weak. Whether we like it or not the European project is underway and a united currency is inevitable.
To introduce the Euro here it was cost around 4 billion of them, every vending machine, checkout till and just about everything that has a slot having to be changed. But the savings would be clear down the line and the Euro a much stronger currency with the British on board against the dollar. The European Union trading block will soon be equal to that of the United States.
As expected there was a contradictory result in the European Elections this week with the centre right parties sweeping the board, immigration and a growing anti European stance the real vote winner, the parties that traditionally prosper in recession doing rather badly, fiddling expenses and not those dodgy bankers the issue now in the UK. And if you think our MPs know how to fiddle the expenses then you should checkout the Euro MPs record!
There's no doubt Labour got punched in the face over expenses in both the local and Euro elections, but as most Labour voters cant give a toss about Europe its a great place to make that protest vote with no real comeback. It's a shame the BNP won two seats but that's purely Labours fault for not controlling immigration that would only ever impact on their core vote and not about a growing fascist vote in the UK. It's also a sign of a healthy democracy, the parties that actually believe in something getting the votes, the Greens picking up seats too. It's no good anyone repeating the mantra that the BNP are a knuckle draggers party (which it clearly is) because it's the sentiment that counts and everyone you and I know has an opinion on immigration and most of it is negative towards immigrants. The BNP vote was moronic but it is not a mass 'we hate black people vote'- it's a we are not happy with uncontrolled immigration vote, Browns policies over immigration not about giving immigrants a new life but purely about driving down wages and pensions cost the corporations no longer want to pay through that cheap unprotected labour. The U.K.I.P. vote is a similar right wing call and their combined vote with the BNP on Sunday for the European election was more than the governments. That is alarming and probably the end of the Labour Party. U.K.I.P. was the polite and acceptable BNP vote.
Most of the EU migrants have been superb for the country and welcome to keep coming. They work bloody hard and don't sign on when the work drys up. That is certainly not the case in some of the old Commonwealth immigrant groups still coming to the U.K. We no longer tolerate (and can afford to) that third world attitude in recession that the British benefit system is the pot of gold over the rainbow. I think we know who the groups are. The country is asking, look, how can it be that Afghans and East Africans-for example- have been crossing ten borders to get to the UK and seem to be able to claim the right to live here and then settle into an eventual life on benefits, heavily backed by greedy human rights lawyers? How can this be good for Great Britain in the long run, especially when we even let them hijack planes to get here to rubber-stamp their stay here? All very ironic if you consider the reasons why we are in Afghanistan?
-Euro Election results-
CON 27.7% up 1% and one seat to 25
UKIP 16.5% up 0.3% and up one seat to 13
LAB 15.7% down -6.9% but down 5 seats to 13
LD 13.7% down 1.2% but up one seat
GRN 8.6% up 2.4 still seats
BNP 6.2% 1.3% up with 2 seats
SNP 2.1%
PC 0.8%
SSP 0.1%
OTH 8.4*
69 of 69 seats declared.
Like I said I hate everything the European parliament stands for. It's a waste of money. The relevance of the election result to the Euro currency is that the sweeping right wing is ironically anti Euro and some will look to destroy the parliament it from the inside. The purpose of the EU was ironically to stop the rights resurgence, but with an all-time low European wide vote of just over 40% its existence is beginning to become untenable, the vote falling every year. Nigel Farage, the articulate and forthright leader of U.K.I.P, earned my vote because he impresses me as a speaker. I'm sure his mission to bring down Europe, his election mandate (but the people, who pay him handsomely to be their MP), won't happen and he will get used to his cushy job, but at least he's a politician with a mandate and has carried it through and received votes for that.
If the right get their way they say the Euro currency will have to go. But that seems unlikely, spending billions to go back to Francs and Lira unjustified. I think we should embrace the Euro as it makes sense but its time to end the Euro parliament as it does nothing, the countries able to trade without the Euro lawyers and politicians able to scrape a healthy living off the top. Ferage says he will also push for a vote on the Euro being abolished and the another vote for the UK to leave the full blown European Union. I would love to see that and unlike the Irish we would give an emphatic and articulate Non! The Irish will vote 'Yes' next time because they don't want to jeopardise their huge handout, the highest in the Union. A United Irelands social security bill is the biggest outside Eastern Europe. And how ironic that Labours devolution and pro Europe policy has seen their vote collapse in Wales and Scotland and the country breaking up.
Summary: A tough pill to swallow
|
Last comments:
|
- 10/06/09 Goes off track quite a bit at times. |
|
- 09/06/09 Another interesting read my friend and worthy of a nomination...blissman |
|
- 09/06/09 Interesting, balanced and a joy to read, great review.
I work with EU funded projects and just want to say that this country does benefit from a lot of EU money back into capital build, business assistance and student support projects - its not entirely give, give give to the EU. |
View all
12
comments
|