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(visit the link for the full news article)
European authorities have unveiled their vision for the future, which gives them much greater powers.
It includes the creation of a European treasury, which would have powers over national budgets.
European Commission President Jose Manuel Barroso said it was "a defining moment for European integration".
Originally posted by RedGolem
To me the statement that the European Treasury would have power over national budgets is the key phrase. If you ever wanted proof that a globalist order is coming this is it. Some might say it is a good thing, and I am sure many will say it is not. To me it will mean a little bit more sovereignty is slipping away. I do also feel that this is only the beginning and we will be seeing more of this come as time goes by.
www.bbc.co.uk
(visit the link for the full news article)
Originally posted by RedGolem
reply to post by something wicked
Wicked
thanks for posting. I am not sure if I could really say the soviate union would be a good example. Not that I can come up with a better one. I will just personally stand by it would be better to keep your sovereignty, at this point. If this goes through I just see each country loosing control of the treasury to the banks. That is why I think it would be best for Greece to just tear up there debt and tell the banks to stick it where the sun don't shine. I am looking at this as tyranny is tyranny no matter what form it is in or where it comes from.
Originally posted by Britguy
Yaaaaay! Just what we need, another unelected body holding power over us all and beholden to crooked central banks.
I mean, why wouldn't we trust them to create this bankers wet dream and enslave us all to even more debt in the process? After all, they've done such a sterling job so far...... haven't they?
It's all just a money-go-round, where member states borrow money (at interest) to contribute to a bail out of big bondholders (banks) whose investments went tits-up. The capital loan and interest repayment is then passed onto the public by means of extra taxation and "austerity" measures. Following month it's that nations turn to apply for a bailout... repeat process with the other member states borrowing to pay for the bailout. Repeat ad infinitum, while the bondholders and central banks keep piling on the interest and bailouts become ever larger.
Originally posted by RedGolem
EU unveils its vision for the future of monetary union
www.bbc.co.uk
(visit the link for the full news article)
European authorities have unveiled their vision for the future, which gives them much greater powers.
It includes the creation of a European treasury, which would have powers over national budgets.
European Commission President Jose Manuel Barroso said it was "a defining moment for European integration".
Related News Links:
www.bbc.co.uk
www.bloomberg.com
Originally posted by Grifter81
Such a momentous change in sovereignty would require a referendum and I'm confident the outcome will be a resounding NO!
It would probably signal our exit from Europe but I for one would rather we stood on our own than hand our souls to the shysters in Brussels, however hard it may get.
Originally posted by stumason
Something is unclear here...
Does this affect Eurozone countries only, or the entire EU, including the UK.