SONICFROG DOT NET

From The: “Those Who Ignore History Are Doomed To Repeat It” File — UPDATE

European economics commissioner Olli Rehn railed on the British Government for rejecting to join the European Union 2.0.

“If this move was intended to prevent bankers and financial corporations in the City from being regulated, that is not going to happen. We must all draw lessons from the financial crisis and that goes for the financial sector as well.”

I think you need to go farther back Mr. Rehn. Try the financial history of Europe during the 1920’s, because you are making all the same mistakes via borrowing and bail-outs that created a Europe with either false prosperity or nations with stagnant economies.

It gets better.

In a further threat, the commissioner added: “The UK’s excessive deficit and debt will be the subject of surveillance like other member states, even if the enforcement mechanism mostly applies to the euro-area member states.

His remarks were being seen last night as the opening salvo in a new offensive by Brussels chiefs to isolate and bully Britain as punishment for Mr Cameron’s defiant stand against a further EU power grab.

And they provoked outrage among Tory MPs last night following fears that more EU tax and regulation on the City could cost up to 500,000 jobs across the UK.

Conservative MP Douglas Carswell said: “This unelected commissioner has helpfully reminded us exactly why we need to be outside the new fiscal union.

“Britain needs to be outside the EU, like Switzerland, to keep our banks and other financial institutions outside the clutches of bureaucrats like Mr Rehn.

So, even if Brittan voted not to join the new union, the new union feels they can watch and punish and tax Brittan without their consent.

Uhm… Anyone ever heard of the American Revolution the the whole “taxation with out representation bit”?

I love this summary offered by Carswell:

“If he is such an economic genius, why is the continent that he helps to preside over heading down a debt vortex? He should be worrying about his own maths, not ours.”

Yep. The EU is firmly set on borrowing more and more and more money, which does noting to create a self sustaining economic recovery, and will only deepen the crisis at hand.

UPDATE: Wow… There seems to be a lot of that “You Can’t Quit Us” thing going around! Maybe people will start opening their eyes to these governmental bodies and recognize them for the tyrannical kleptocracy that they are.