Lew Rockwell The Euro and the EU were a mistake YouTube

Duration: 5 minutes and 52 seconds

Country: United States

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Posted by: reformy.cz on Nov 3, 2011

Lew Rockwell The Euro and the EU were a mistake YouTube

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a crisis in greece will have a ripple effect on the global economy and send
countries spiralling into recession join me now to talk more about this is the
rockwell chairman of the ludwig von my sis institute
how much danger is that the euro and at this point
i hope a lot of incremental two euro goes out of existence the euro was a
mistake
was a centralizing mistake just like the european union itself was a mistake
but i think it's important to clarify what the actual issue is here in greece
in the euro and all that
it's not that any views of the grease is being bailed out world but would like to
be a lot of grease it's the banks that are being bailed out the banks that hold
the great debt
that bought this very risky debt paying a vast interest rates expecting that
they would be bailed out its fifth greece couldn't play
so what business agreement is they want to
harm the greek people
tip of the booed on the neck of the greet people in grad grind them into the
dirt so the big banks can be repaid all that's wrong
uh... we don't want that to happen
uh... if we want to rebuild on some kind of us firm prohibitions of prosperity
not only in europe but in this country
then the banks have to go you cannot keep propping up these banks
it's destroying the euro that's destroying the e_u_ those two things i
think ur good
but it's also destroying the the prosperity love living standards of the
people of europe and of the united states and of other places in the world
so the banks are out of control bank circles never mentioned in any of us we
don't see
we don't hear the banks being mentioned when there are when they're discussing
this
because that's all sort of the secret message
and uh... i think that
now we have to
uh... we have to focus on cool what is the trouble
again also the whole question of contagion
if general motors goes out of existence tunnel leaders have not heard the other
automobile companies they're probably all having a party that they have less
competition
but the banks are all connected together they're all inherently bankrupt
because of their fractional reserve no bank as everybody's money and it doesn't
take a very uh... born number of customers demanded their money
to put any bank out of existence
were it not for central park so bcp in europe
the federal reserve in this country
uh... cause vast damage bring on booms and busts these recessions and
depressions
in order to protect the banks
so we live in some kind of bangkok receipe whether it's in europe or in
this country we need to end that we need sound money we'd honest banking we need
an end to central banking
and by the way it is all happening
they may keep this going a little bit longer in europe
but the banks are so out of control
so will leverage so and death
that uh... there's not enough money in the world really to fix these these are
dangerous and the monstrous institutions
so they have to be reformed we need massive reform
and uh... maybe
this is going to be happening it's it's uh... this
there is an occasion for me more pain were already in paying more in
in a very serious recession in the u_s_
and in europe too
there's no recovery going on were we're getting things are getting worse
so we only have a hope and really over and some kind of good serious reform it
doesn't do the alcoholic any good if you take another bottle of liquor
unveiled its gonna be pain when he stops that's what's necessary
i mean you had mentioned that you know the rally bad news com and not dead for
the year is on there but there is fear that if they don't last year the you're
out
that is that as and said that content is a recession and
what it what's your response to that fear can pick the continent is in a
recession but before better to have for example to deutschmark
back in existence
which was a less crazy currency lesson flip problems of all fiat currencies all
paper currency
but far better to have huge individual country having their own
their own individual currency then this so that this european white currency
there's some people john maynard keynes for example one of the world currency
you one of the bank or
and there are some people want that i would be even worse
so we want to we want political decentralization uh... monetary
decentralization as long as we have a fiat currency
if we had a gold standard but of course gold is exactly the same of the same way
in phineas whether it's in the sri lanka or uh... what some horrible or uh...
venezuela that's actually what we'd like to have if we want real growth some
money
honest money and not uh... the government of the big banks on the other
big institutions affiliated with governments ripping us off silly i sound
like u
we think that your uh... we should be drops uh... just as a currency about
right now the discussion is to dropped grace from the year as though and i am
do you think it's it's that is in the best interest of the arizona said to
give grease the bit
but it is probably in the best interest of greece
another greek establishment but verses par baat often
and uh... threatened i'm sure that would involve a girl was meeting in the g
twenty than on the rack and overturning tricking the woody allen had the thumb
screw on time and all the rest that's
of course the way these people operate but i think it is in the interest of the
people of europe of the individual countries of europe
so that the the beer or go out of existence these country have its own
that so corrected then you have
germany being far sounder luxembourg being for sounder austria being parse
out of than then greece or
roads of portugal and spain whatever's
bubble that could change of course everybody can get sounder
but uh... decentralization of the way this is european central bank controlled
by these bureaucrats in brussels
who've more more setting up an authoritarian regime uh... trying to run
every aspect of everybody's life in every country
disliked by the way the u_s_ government doesn't hear was not a good thing to
have a big centralized government in the u_s_ is not a good thing to have it in
uh... in the european that we need decentralization break-up
freedom
on this money sound money on a spanking
greatly that that is all the time we have that was a little rockwell chairmen
of the ludwig van nieces insincere

Lew Rockwell The Euro and the EU were a mistake YouTube

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