Joined: 03 Jun 2005
|Posted: Mon Nov 05, 2018 3:20 pm Post subject: DEMOCRACY 17.4 HOW THE EURO AND EU WILL DIE
|Newsletter Number 4
Dear Members and Friends,
We have posted on Democracy17-4.org website an email book titled How the Euro dies by Nikolai Hubble. A financial analysis extrapolating the consequences of the battle between the Italian government and the European Commission, the author concludes that Italy will leave the Euro and revert to the Lira, thereby bringing about the collapse of the Euro currency, and arguably the EU itself.
In the last few days, the Italian PM has stated that their budget is not open for negotiation and that their countryís wellbeing must come first; effectively reclaiming the sovereignty Italy forsook in 1999. Hubble foresees Italy defaulting on its Euro denominated debt upon switching back to a cheaper Lira, the losses spread around other EU member states.
So what are the probable consequences for the UK? The pound sterling would surge against the Euro, wiping out our trade with the EU at a stroke. A trade that our useless political elite believes is so valuable that we must pay a £40 billion pound ransom. Never before has it been so urgent for the UK to leave the EU Titanic and forge new trading links around the world, the economic underpinning of Brexit. Yet the hapless May administration continues itís march in the wrong direction. What a delicious irony if we are obliged to look to our Italian friends to save us from such stupidity and grant us the clean exit we voted for in June 2016.
Sir William Jaffray.
Chairman & co-Founder of Democracy17.4 membership association.