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Posted by on Nov 17, 2011 in TG Roundup, Videos

Nigel Fagare Rips EU on Euro Crisis

Back in 2008 when irresponsible banks brought the catastrophic financial crisis to the world, a lot of wise people suggested that US should nationalize TBTF banks, get rid of the incompetent and greedy management, cleanup the mess and spinoff the clean banks. Instead, banks got bailed out, managements stayed in place, bonus pool increased. Now, as in Frankestein movie, banks have led bloodless coups to takeover the governments of Greece and Italy. Hollywood cannot write a better thriller script than this.

— What this video for some excellent summation of silent coups in Greece and Italy —

European Parliament, Strasbourg, 16 November 2011

Nigel Fagare, an MP of the US’s Independent Party – is a well known critique of the Euro since the beginning. Watch Fagare chastise Eurocrat von Rompuy in as strong parliamentary language as possible.

Powerful quotes from the speech:

“When Mr. Papandreau got up and used the word referendum oh, Mr. von Rompuy, you described it as a breach of confidence. And your friends here got together like of pack of hyenas rounded on Papandreau, had him removed and replaced by a puppet government. What an absolutely disgusting spectacle that was. And not satisfied with that, you decided that  Burlesconi has to go. So, he was removed and was replaced with Mr. Monti – a former EU commissioner and a fellow architect of this Euro disaster and a man who wasn’t even a member of the parliament.”


“You, an unelected man went to Italy and said this is not the time for elections but the time for an actions told What in God’s name gives you the right to say that to the Italian people?”


If this weren’t true, it would be even more comical.