posted on Dec, 11 2011 @ 08:58 AM
There are a few things about this which trouble me. As I understand it, the main sticking point was the transaction tax. As London is the hub of
European markets, it would be hit hard by any transaction tax.
So, lets get one thing clear, Cameron didn't "defend the people of Britain" as he is being lorded as doing, he was defending the corporate and
banking interests of the elite.
If it does come down to this transaction tax, Cameron should be vowing to implement similar measures as the Eurozone, with the revenues from it being
used within UK borders. But while our country is reveling in the propaganda of Cameron "defending" us, the ignorance to this rules supreme.
Funny how just recently our government was criticizing the "protectionism" of other countries, when this is effectively what we are now doing.
I'll admit that I would love to see the Euro go, and I do not believe we should have larger governance in the form of an unelected Euro state, but
this decision by Cameron really has affected our security, partnerships, and all future trade with other EU nations.
If we could go back in time, I think it's clear that several things would not have been done. The most recent of them being the Anglo-French deal on
There really was no way Cameron could have played this to benefit Britain. Either way we are now screwed beyond belief. I think this will definitely
be marked in the history books as the start of something catastrophic.
However, it's hard to say what will actually happen. The most astute amongst us know that this is now a controlled collapse, and that Greece, Spain,
France, Italy and the UK are all going to have a major economic meltdown which will likely take the US $ down with it. Some are predicting that this
will happen after Christmas and that all of this posturing is intended to do nothing more than boost the economy for the holiday period.
Whatever this event means for the UK, I predict that the € will be dead by August 2012 and that at least two European governments will be overthrown
by their people before 2013. I've had that view for a few months now, and nothing is telling me neither will happen. They might be able to
sporadically convince the markets that things are going good, but the people are just not buying it.