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Lew Rockwell The Euro and the EU were a mistake YouTube
Duration:
5 minutes and 52 seconds
Country:
United States
Language:
English
Genre:
Documentary
Director:
mustwatch.eu
Views:
4,058
(21
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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


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