Tagged: euro zone

The Short-Termed Hope for a Democratic European Union

It was a democratic action so swiftly suggested and rejected that its broader significance will forever be overwrought. The proposed plan, scheduling a Greek referendum on the latest Euro bailout, was destined as an opportunity for the public to air their respected opinions on the fate of their nation. It was originally pushed forth by Greek Prime Minister George Papandreou, facing heat in the midst of European-wide negotiations to aid his indebted country. Political strategists across the continent forewarned of the deeper meaning such a referendum would likely represent, especially in an age of increased euroscepticism. Speaking bluntly to reporters, Greek Finance Minister Evangelos Venizelos revealed the simplicity of the action: “Citizens will have to answer the question: are we for Europe, the euro zone and the euro?”. It was enough to cause the ears of traders across the globe to perk up.

In Venizelos’ terms, it was to be the Greek referendum on the Euro Zone which the nation had never been afforded, a luxury denied to many, if not all, Euro Zone states. In fact, the only two states to hold democratic referendums on the adoption of the Euro—Denmark and Sweden—overwhelmingly voted down the motion. For the Danes and Swedes, this has provided them with their own stable currencies and monetary policies, safely out of the hands of Euro politicians and the debt-burdened behemoth of the Euro Zone. The prospect of a Greek referendum, therefore, brings to mind the numerous other failed referendums in the European policy realm, most significantly the treaties attempting to establish the parameters of the EU.

As expected, Greece’s preference popular vote on a bailout mechanism was not a move favorable to European power brokers. There were threats from European leadersutter contempt from the prophetic economic doomsayers, and general puzzlement by the media elite. The television pundits spoke to the callousness of the Prime Minister, the traders in global markets sold stocks in record fashion so as to display their own resentment, and the professional politicians besieged the move as a hindrance to the progress made in the negotiations thus far. By all measures, the introduction of a referendum was a move considered unconventional by most, reiterated by the hyper-negative flak  evoked across media green rooms and political power chambers alike.

However “unconventional” a referendum in this case may seem to these observers, one most also ponder the measure of conventionality or normalcy in this entire scenario: An entire currency spread across 17 nations is teetering on the edge, as several smaller states overspent their accounts while their bigger, more prosperous counterparts were more modest. German engineers, bankers, and newspaper salesmen are discussing the salaries and benefits of bus drivers and primary school teachers in the suburbs of Athens. Trillions of dollars, amounts inconceivable to the human imagination, are thrown about like candy to institutions and failing economies so as to cure problems by careless spending and unaccountable institutions. Dozens of individuals with no particular special knowledge of markets or finance are negotiating the fate of over 500 million of their brothren in wooden boardrooms, doing cartoonish blue and yellow flags. If ever there has been a template for convention on this Earth, Europe surely stands no hope of making the grade.

Adding to this fire is the complete disdain for democratic processes offered by the most powerful Euro leaders:

[The chance of referendum] infuriated other European leaders — particularly French President Nicolas Sarkozy and German Chancellor Angela Merkel — who felt betrayed.

Blasphemy! How could a respectable leader of a European nation-state allow the populace of their country to actually be allotted the opportunity to decide whether or not they want to commit to untold amounts of debt to generations yet born! And could it truly be summarized as a move of betrayal, to allow citizens to vote on the most important financial event to occur in their lifetime?

Though a hope for a referendum was enough to spark some initial curiosity, the ferocious nature of the critics ultimately won out, denying Greece the only short-term opportunity it had for any democratic say in the management of their financial future. Yet another example of the light of democracy being extinguished within the European Union.

Perhaps our dear friend Nigel Farage, leader of the United Kingdom Independence Party in the European Parliament, said it best when he stated that, “the European Union is truly predicated upon being anti-democratic“.

Stoners on the Stock Market

This 26. June 2011 show was broadcast from die Freiheit Studio in Vienna, Austria, United States of Europe on the Liberty Radio Network.

Our goal is to reveal the political Leviathan that hangs over our shoulders.

Specifically we looked at the JFK Berlin speech, marijuana legal and on the stock market, the death of the Euro, Ron Paul Revolution, the lie in Libya, Keynesianism, robbing bank for health care, conclusion of European journey, and much more.

Links for the latest show:


Euro-Zone Ministers Move to Clear Greek Payout – WSJ.com

Tens of thousands protest against cuts in Madrid – Yahoo! News

Athens protests: Syntagma Square on frontline of European austerity protests

YouTube – Nigel Farage: Your euro-predictions have been 100% wrong, Mr Barroso

The euro crisis: Mr IMF says: More Europe, please | The Economist

Daniel Hannan: Bailouts Must Not Continue- The Hard Left is Right

YouTube – Euro zone finance ministers set to clear Greek aid tranche

YouTube – Spanish protesters rally against politicians and banks

Near-bankrukpt Greece a culture of corruption, $1 billion a year in bribes – New Europe

EU has 10 days to save the euro

Italy’s Draghi Appointed to Succeed Trichet as ECB President – Businessweek


EU Summit spells the end of Schengen? | euronews, world news

Second night of riots in Northern Ireland – Europe – Al Jazeera English

YouTube – Why Are The Elites So Out Of Touch?


Anti-EU Dutch Politician Geert Wilders Acquitted in Hate Speech Trial

Ezra Levant’s interview with Geert Wilders


Axelrod: It’s Still Cool to be an Obama Supporter

Barack Obama campaign donors ‘rewarded with government jobs’ – Telegraph

Obama takes flak for tapping emergency oil reserves | Reuters


NATO admits to civilian deaths in Tripoli air strike – Yahoo! News

Breitbart.tv » NATO Admits Civilian Deaths in Libya Due to ‘Bomb Malfunction’

Amnesty questions claim that Gaddafi ordered rape as weapon of war -The Independent

Arab League chief admits second thoughts about Libya air strikes | The Guardian


Internet Sales Tax Would Cover More Than 46,000 Teacher Salaries: BLS

Google Could Lose Up To $6.1 Billion In Oracle Patent Lawsuit Over Android

Prepare to Have Your Email Read by the NSA – Technology – The Atlantic Wire

Google Subpoena: FTC Antitrust Case Looms for Search Giant – The Daily Beast

F.B.I. Seizes Web Servers, Knocking Sites Offline – NYTimes.com

Danish police proposal: Ban anonymous Internet use – Boing Boing

My Way News – States look to Internet taxes to close budget gaps


YouTube – America’s 40 Year Failed War!

Lawmakers to introduce bill to legalize marijuana – Yahoo! News

Mexico’s drug war: 4 ‘chilling’ new revelations – The Week

YouTube – Steve Cohen “Get The Federal Government Out Of The Business Of Possession Of Marijuana”

YouTube – LET’S HEAR SOME MORE LIES! Tommy Chong To Drug War Profiteer Scumbag


Missing Iraq cash ‘as high as $18bn’ – Middle East – Al Jazeera English

The Hill Poll: Majority says military involved in too many places – TheHill.com


Republican Senators Blast Growing ‘Isolationism’ Within GOP Over Libya

John McCain’s neverending war – The Washington Post

PAUL: Obama’s unconstitutional Libyan war – Washington Times

YouTube – Dennis Kucinich “We Have To Put An End To The Thinking That The Constitution Is A Doormat!”


YouTube – Ron Paul: I Want To ‘Legalize Freedom’ What’s So Bad About That?

PAUL: Time to end Federal Reserve secrecy – Washington Times

YouTube – Ron Paul On The Drug War “We have 5% Of the World’s Population & 25% Of The World’s Prisoners!”

Ron Paul Should Be The Next President Of The United States

Ron Paul | Libya | Why I’m suing the Obama administration over Libya

Republican maverick Ron Paul wins a second straw poll and reminds the critics why he matters – Telegraph Blogs

YouTube – Why ALL Gay People Should Donate To Ron Paul!


Meet Gary Johnson, the GOP’s Invisible Candidate | Rolling Stone Magazine

Governor Gary Johnson on CNN Weekend


Stock Market and Investing and Gas Prices: Don’t Expect to See Gasoline Below $3 Any Time Soon – CNBC

Geithner: Taxes on ‘Small Business’ Must Rise So Government Doesn’t ‘Shrink’

Tax-Dodger Tim Geithner Wants to Raise Your Taxes

US working for Monsanto, Boeing, killer mining companies, Big Pharma—NOT the American people, WikiLeaks reveals :: News From Underground

Taxes: Study-$1400 Tax Hike Needed to Fund US Pensions – CNBC


Humans Spew More Carbon Dioxide than All of Earth’s Volcanoes – Yahoo! News

NASA Scientist Accused of Using Celeb Status Among Environmental Groups to Enrich Himself – FoxNews.com

Roundup: Birth Defects Caused By World’s Top-Selling Weedkiller, Scientists Say


Surprise! TSA Is Searching Your Car, Subway, Ferry, Bus, AND Plane | Mother Jones

One in Four Britons on Police Database

Big Brother London- Liberty In Exile


NPR: Man Says He Tried To Rob Bank Of $1 To Get Health Care In Prison


Short take: The court disses fathers | StarTribune.com

YouTube – Canada’s New 21st Century Dollar Bill

Canadians among world’s heaviest internet users – Windsor – CBC News

Is it time to update the U.S. Constitution? – Global Public Square – CNN.com Blogs

NY Times: College Degrees Are Valuable Even for Careers That Don’t Require Them