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Brexit: How Obama bailed, then failed

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Rodger Malcolm Mitchell
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Were we back of the line after Pearl Harbor; in Korea; during the Cuban Missile Crisis; with President Reagan in facing down Gorbachov; during Operation Desert Storm; or after 9/11?

We don't expect favors or thanks but a little consideration would be welcome.

Of course, we recognise that there is going to be a downside: the financial institutions, having lost their bets on Britain staying in, are screaming, but they'll get over it; the eurocrats and their masters in the EU are furious but if they want to go on trading with us, they'll have to calm down and come to a sensible deal.

I suspect that a short-term slimming down of our economy is a price worth paying to get back control of the country.

Mike

Here is my response:

You are correct.

The EU was invented by the rich, insatiable bankers who always want to grab more and more money and power.

At least the UK was smart enough to keep their own currency (i.e. remained "Monetarily Sovereign").

Greece, France, Italy, et al surrendered the single most valuable asset any nation can have -- their Monetary Sovereignty -- and so have been at the mercy of the rapacious bankers, who have been bleeding them ever since.

Way back in 2005, I spoke at the University of Missouri, Kansas City, where I said, "Because of the Euro, no euro nation can control its own money supply. The Euro is the worst economic idea since the recession-era, Smoot-Hawley Tariff. The economies of European nations are doomed by the euro."

Nations can have free trade without giving up their Monetary Sovereignty. But the bankers feel that doesn't allow them to steal enough.

As for Obama, he is a pseudo-liberal, a right-winger in disguise. He opted for cutting Social Security and Medicare, begged for a "Grand Bargain" that would have widened the gap between the rich and the rest, and brought into existence the Simpson/Bowles Committee designed to cut all social spending.

Now, he backs the EU, because it is a feeding trough for bankers.

(Obama always has been a flunkie for the bankers. Presumably, they will return the favor and support him and his family in luxury for the rest of their lives.)

In his role as bank stooge, he bailed out the banks, then failed to prosecute a single lawbreaking bankster. He long will be remembered as the "bailed and failed" President.

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Economist since 1995. Wrote the book, FREE MONEY. Economics blog is at http://www.rodgermmitchell.wordpress.com. Also maintain a site at www.rodgermitchell.com

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