Friday, 20 January 2012
Insanity and the EU and the IMF
It seems at long last that the police will be able to make a decision about whether or not to prosecute Huhne. They are now to be handed the emails held by the Sunday Times which are thought to be incriminating. Huhne will have to resign if a prosecution is brought against him. No doubt a LibDem will be appointed to replace him but hopefully not someone who is as arrogant and so convinced about global warming. As on so many issues we have to stand up to the EU on its suicidal emissions policy. The EU no doubt believes along with the Irish Times that the natural disasters that befell the world last year and cost insurers more than in any previous year were mainly due to climate events. In fact the earthquake and tsunami in Japan and the earthquake in New Zealand together cost the insurers almost two-thirds of the total. Another suicidal EU policy is the Trans European Networks Plan which seeks to impose on all EU countries to link cities and states by rail, road, canal and broadband and will cost us billions. The EU wants us to control our budgets and reduce our expenditure on the one hand and yet wants to increase its own expenditure on the other hand. It really is about time we left the asylum of technocrats who are clearly devoid of any sense of responsibility. Sadly this same sense of irresponsibility has infected the IMF so much so that the USA is refusing to make further contributions to it so that eurozone countries can be bailed out and we must stick to our guns and do the same. The IMF has been successful in the past in helping countries out of their financial problems by insisting on a mix of austerity and devaluation. It follows that it should be insisting on its tried and tested model with the eurozone countries but instead of telling Greece and the others to leave the euro so that they can then devalue it demands austerity only in the mistaken belief that the euro can survive. Sadly this is because Christine Lagarde cannot admit that the euro is fundamentally flawed. It is as flawed as the last Labour Government's immigration policy (two and a half million immigrants from non EU countries over the period they were in office) which has landed us in an incredible situation. Why did we give so many of these immigrants citizenship or a right to remain and how many of them are claiming benefits when they have contributed nothing or very little by way of National Insurance? What a shower the Labour Party are.
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