Lew Rockwell: The Euro and the EU were a mistake

[thatsmyrail]

I'm European and I have to agree with this man, unfortunately.

[Efteling4Ever]

Iraq, Afghanistan, tarp etc. etc. Now it turns out the FED has provided not 700 billion but over 7,7 trillion USD to banks at a rate of 0,01% (wtf?) and these have then purchased treasury bonds to be paid back by the US government at a rate of 3%... 7,7 trillion!!!!!. And then Americans moan about the Euro.... What a joke. Nice to be paid in USD, but if someone would pay me in EUR, I would prefer that any time. If the USD will drag and stumble on, the Euro sure as hell will be around too.

[dreakheart]

4:57 put the thumb screw on because this is how those people operate ... jezus christ what !!!!!?? what is this gay homo queer dipstick pogo homper ass wiping truck driving asslicking homosapian derp fucking asshole!!!

he´s realy pushing it , if he wants to die , he needs to visit europe , RIGHT NOW!!!! and you´ll find him in a box chopped to pieces or whats left of his rotten corps!!! in a box sended to the department of american major leage fuck ups of all time, hope this dick does horrible

[dreakheart]

2# Also if this motha fucker is so deep down on getting the euro down so the dollar will be increased again in value , if this is the grand master plan of it all then give me a knive ill gut rip this motha fucker infront of his family and piss in his skull and smash his piss head to pieces with a malet and feed his crushed piss head to the maggots ,

fuck the dollar , fuck obama in his face kill that asshole, or ill do it for you

and fuck these asshole reporters and spokesmen fucking assholes!!

[Adnachiel2]

@dreakheart Not trying to be mean here, but the problems of the E.U. stem from a variety of issues. At the beginning of the Euro, each country had seperate culture, economy, and governing structure. Unlike the U.S. which began as a united entity, the European Union sprang from existing countries with varying levels of wealth. I do not agree with the assertion that the E.U. is a mistake, but the implementation was not handled well. It is unfair to hate the U.S. for one man's opinion.

[dreakheart]

i hope alot of danger , goes out of excistance , shoot that man ^_^

kill him atleast

european union a mistake ??

so the united , union state of america is a mistake aswell

what a fucking idiot

honestly he disses on union even america is a united state

and look at him blink so many times , he´s so nervous listen to his voice

i will kill this motha fucker for this deception what a motherless mother fucker

the euro is fine godamn i wanna kill that mothe fucker now!!!!

america sucks !!

[ClarksonsinUSA]

Russia is joke,if you have ever traveled in Europe it the Euro makes everything easier...

And what caused the meltdown is ,the people of Greece elected politicians to keep taxes lower than expenditures.decade after decade...That's what caused it,don't blame the banks..

Being on the gold standard would be a disaster ,the value of gold swing wildly,that's one reason we are not on the gold standard....

[HostFat]

Bitcoin? ;)

[nottyexec]

HE was right

[geffel]

Sounds like what happened here. We should have let the fucking banks go down.

#Occupy!

[VivaMydick]

Viva Lew Rockwell !!! Rock Well mister Rockwell !!!!

[VivaMydick]

truth hurts, but lie is deadly

[OutlawTomFantastic]

My God! That's called a run-on answer. You gotta let the interviewer ask the questions.

[syntaxed2]

Whether you believe in the NWO theories or not...theres no denying that a 13.6 trillion US deficit, and the highest debt to financial institutions in history, makes the american people economical "slaves".

You can say what you want about EU but the trouble in Greece, a small country at the fringe of the eurozone, pales in comparison to Americas problems.

[kppdsuckakppd]

@syntaxed2 America has been in much more debt. Open a history book. After WW2, America was in more debt than it's GDP. Today, we are not. The EU is much worse off. The Euro's stability has been shaken down, and investors are backing off from it and returning to the dollar, which has been and will continue to be the global currency. If Europe fails, they go back to their country's currency. If the Dollar fails, all currencies fail, since the dollar is backing them.

[6024691380]

@kppdsuckakppd  did you account for federal, state and consumer debt in your comparison to WW2 indebtedness? We didn't owe foreingers the equivilant of 4 trillion after WW2... they were in debt to the USA.

[syntaxed2]

@kppdsuckakppd Americas economy got a huge uplift by entering the war and historically speaking the second world war boosted USA out of the depression.

Its industrial infrastructure was unharmed, as oppossed to european and japanese which laid in smoldering ruins...

the UN has proposed a shift from the dollar due to its instability, no need for further comments on this, the report speaks for itself.

The euro is valued almost twice the dollar and has been the most stable currency for a decade.

[kppdsuckakppd]

@syntaxed2 The Euro is on the verge of being removed as a currency. If a small country like Greece can threaten it's viability that much, when Spain and Italy go its done. America also gave Europe and Japan all the money they needed to rebuild their shattered infrastructure in the Marshall Plan. The United States leased Europe and gave Europe billions and billions of dollars to fight and recover. Europe never paid the U.S. back, accept with piss poor attitudes.

[syntaxed2]

@kppdsuckakppd Who the hell makes a statement like "the euro is on the verge of being removed" when its the worlds highest valued currency? hahaha

I think you are just hurt and threatened that the us dollar is no longer the strongest currency and take it way too personally, but i digress, ive heard all of this before...and always from americans.

Theres no convincing you people, even when the statistics are public on IMF and world bank.

Ive had enough, go troll someone else.

[kppdsuckakppd]

@syntaxed2 Its not my opinion, its the opinion of analysts in Europe. I could care less where the dollar is on the world currency venue(even though it is still the number one reserve currency in the world, and continues to be the global currency). Who the hell makes a ridiculous statement about the dollar failing? Oh that's right, and European. Europeans have been saying the dollar will fail for years. It still hasn't It isn't trolling if its a fact.

[Fridaey13txhOktober]

If the dollar collapse, Obama and his cronies will make sure the euro follows, simply by spite.

[tyseibert]

@syntaxed2 lol you think that the euro is the most valuable currency? The British pound is more valuable than the Euro. That doesn't matter though lol just because a currency is worth more doesn't mean it's stable and it doesn't mean that the economy is healthy. You obviously don't know anything about economics. The simple fact is that every economy is in shambles right now because of debt. We will all default eventually. The eurozone is an easy first target though.

[kppdsuckakppd]

@syntaxed2 The only organization that has been trying to undermine the dollar/get it removed is the IMF. They also would amass a huge profit from it. The UN never proposed shifting away from the dollar. All they said was diversifying the world reserve with other currencies would be a good idea.

I'm not wishing the Euro ill will, but its on the rocks at the moment. Its down to 1.3 dollars, not 2. The Dollar is also rapidly gaining ground.

[tyseibert]

@syntaxed2 lol I can't believe you're saying that the euro is the most stable currency in the past 10 years. Every country in the world holds DOLLAR reserves. Do you know why they do that? Because they believe the dollar is the safest currency because historically it has been. They don't keep gold reserves lol they keep dollar reserves which says something about the value of the dollar in their minds lol however wrong they may be.

[kayaker712]

Bye bye NWO. You are finished

[junior00bacon00chee]

lol lew turns his phone off without missing a beat. well played.

[AFRIKTODAY]

Fractional reserve banking is fraud, nothing to do with capitalism. As far as I know, Karl Marx was not an advocate of the gold standard, quite the contrary! Get educated before writing your nonsenses!

[danzigstorer]

The problem isn't centralization but banks and corporations tied to each other. Also, banks, fractional reserve, and the finance industry are the outcome of capitalism.

[spectrumVerX]

@danzigstorer 'Fractional reserve' - if not government enforced (The Fed) and supported (FDIC) would collapse with the first recession under TRUE capitalism.

Banks are a perfectly acceptable competitor to credit unions. These, along with investment brokers and lending houses, *ARE* the financial industry - no true evil there.

The problem is the government propping up of failed institutions because they're "too big to fail"

[17Spartacus76]

@1:30 Looks like Lew forgot to put his iPhone on silent :P

[DanielHewsonPianist]

Vote UKIP

[Makemyday242]

If Europe/Euro is a mistake then what do you call America,a disaster?Atleast European people are not afraid of there own government.I hate it when Americans start talking about Europe like they know everything.Where do you think this freaking bank crisis started?Thats right,the United states of war!! US is 10 times worst then Europe.Europeans know their government is lying.60% of America don't even know it.Then who is the mistake in here? The Euro it self is still stronger then the dollar.

[syntaxed2]

Germany wants a european currency that is not in debt to US banks, and I FULLY support that.

Your hate of bankers cloud your judgement as to what the euro could potentially achieve - a Europe without debt to America.

If we are not in debt they would have no eco-political leverage over us, can you not see this would be a good thing?

We could distance ourselves from all shady anglo-israeli campaigns and have no association with the money crazed barbarians.

[FreiheitKampfer]

I'd like to see an interview host which pronounces the institute's name correctly.. =/

[livenlrge]

Anxious for the return of Jesus

[0mniP0t3nt]

The sentiments shared in this video, as well as the comments in response to it, are all well and good, but we all know that this great "Banker Rapture" will NEVER occur; they've worked too hard and too long for that to happen. As much as I would love to see the EU and its fiat currency (Euro) to go away; I know this is simply an impossibility. But I will, and I ask you all to follow me as well, in hoping that the EU/Euro will in fact go away. Thanks and God bless one-and-all! +AMDG+

[namehoela]

Lew heeft het zoals gewoonlijk bij het juist eind. Wie denkt dat de Euro nog een kans van slagen heeft gelooft zeker in sprookjes (Efteling4Ever? lol). The Euro is sacred in Europe? Laat me niet lachen.

[Efteling4Ever]

@namehoela Wat een sukkel als jij niet begrijpt is dat 1) de Euro inderdaad het lievelingetje is van die genen die jouw leven bepalen namelijk veel NL politici die de Euro niet kwijt durven en zeken in EU kringen. Die gaan heeeeeeeeeeeeeeeeeeeeeeeeeeeee­eeeeeeel lang betalen. En 2) dat het net zo moeilijk is om van de Euro af te komen. De enige die in sprrokje gelooft ben jij. Dit wordt gewoon eindeloos lang dokken tot er eindelijk tot gecentraliseerde budgetcontrole wordt besloten.

[namehoela]

@Efteling4Ever Eindeloos dokken voor iets wat gedoemd is te mislukken? Dat zit er dik in inderdaad. En dan? Uiteindelijk zullen we failliet raken zonder dat we ons eigen monetair beleid kunnen beheren (oftewel geld kunnen creeeren). Denk maar niet dat de politieke wil er dan nog is om de Euro is stand te houden. Helaas zal jouw communistische sprookje dan in duigen vallen.

[Efteling4Ever]

@namehoela Wat is er communistisch aan een capitalistische munteenheid. Doe niet zo dom man. Die Euro zal niet verdwijnen, omdat die een dogma is en er geen beter alternatief is. Omdat de Euro afstoten ook een triljoen kost. Jij wou je oude Euroschulden in Gulden terugbetalen... LOL. Tsja. De enige oplossing die er ooit zal komen is gecentraliseerde controle op nationale budgets. Kan best zijn dat er wat landen sneuvelen en opstappen, maar niet die Euro zelf. Let maar op.

[WilliamNaville]

@Efteling4Ever Ja de euro zal niet verdwijnen,De EU wil een europese overheid ,wat betekent meer macht voor de top, De euro laten verdwijnen zal ervoor zorgen dat alle landen zijn eigen boontjes wil doppen zonder bemoeienis van de EU, In de wereld van vandaag bestaan er geen efficiente oplossingen..het komt allemaal voort het zelfbelang....

[Efteling4Ever]

" It was a mistake like the EU". The Euro is a POLITICAL currency. A nasty "war" between national sovereignty and centralisation. And a currency needs 3rd party centralised budget control. Eurozone members, countries unwilling to give up sovereignty, will continue wasting gazillions to avoid this until financial necesstity forces them. As the Euro is sacred in Europe, they will never give it up, The Euro will ultimately be the biggest step towards an even more bad ass, centralised Europe.

[Efteling4Ever]

"Hope the Euro will go out of existence. It was a mistake like the EU" BWAHAHAHAHA. Hopeless Americans. I bet he does. Nothing as dangerous to the US and the USD as the EU an the Euro. The EU, "a mistake", that became the worlds 1st economy overhauling the US. That e.g. has more Fortune 500 companies than the US and China combined and more small business pecentage wise. Yeah, that was a mistake... from an American point of view LOL.

[98bigbutt]

These corporations and the bankers definitely needs the guillotine.

[ignas777]

what banks did is they made prices much much higher, real estate is old good example of that, education is next and there are dozens of others. governments fault is that is took too many loans to finance some waistefull projects and put half of that in their own pockets.

[kaianttila73i]

EU is not a mistake.

Eurozone failed only because they included in it countries that don't produce enough and don't have fiscal responsibility.

[4thechozen]

Don't burn the banks. Just take your money out TODAY.

[DickOPlenty]

"it's the banks that are being bailed out" "we don't hear the banks being mentioned when they're, uh, when they're discussing this b/c that's all sort of the secret message" and the internet is now exposing it. secret no more. pay attention, america

[weadone]

NO FUCKING SHIT BITCH!

we fought two world wars to keep europe free only to shit on the sacrafise those brave men and women gave just 50 years after.

death to the euro. long live our soveriegn rights.

[kps75]

@weadone Free? Germany fought for the freedom of Europe, while the "allies" fought for globalist zionist Jews and Bolshevist thugs.

[weadone]

@kps75 you don't free countrys by occupying them dude. or by persicuting the populace .

germany may have started with good intentions but they fell at the way side as power corrupts

[eyeswideopennimrod]

The problem with sound advice is that it means people need to wake up to the fact the lie isn't working any more and that requires people to do what is needed rather than what is wanted.

[me213xtsk]

It's about time people see banks are pretty much a ponzi scheme that buy politics!

[FortuneSeek3rz]

We need to go back to a dollar backed by silver and gold. You should be able to take your dollar to any bank in America and get some bullion in exchange.

[AlexTronic777]

Money by the people for the people! Disrobe the entire federal reserve system and start printing not only "sound" but even DEBT-FREE money through Congress, Parliament, Stortinget etc...A country's money-supply shouldn't "cost" ANYTHING.

[RBaleog]

I applaud Lew!

Ron Paul 2012 or bust!

[help4343]

@RBaleog

Yeah, lets applaud the person that was probably the true author of the infamous newsletters.

[JennaSmith987]

The News ticker says US and UK preparing to bomb IRAN. Press TV news channel was 1 week ago was banned in UK by "independent ofcom" media watchdog.

The reason PRESS News channel that is IRANIAN BASED was banned so tht it does not have time or opportunity to put its own case forward.

WOW, great plan.

[rainwilds]

Lew is spot on.

[Observerx10]

Negotiate for the largest loan possible. Distribute it to the people, fairly. Then default, leave the union and start over.

[watertonrivers]

@hahahahahahahahSTFU Do you see the same thing today with the EU. I lived and worked in Germany before the advent of the Euro and everthing from goods to services to housing was much more competitive and STABLE...I bet you can't say that now. The EU is an economic and multicultural nightmare!!

[Efteling4Ever]

@watertonrivers Looks like you cannot even distinguish a currency from the sucessful EU, a political organisation, of which Germany was a happy member before the Euro? This is what one gets when inviting untrustworthy members to a joint currency and even decllining centralised 3rd party budget control. But dont worry, after gazillions have been wasted this will be solved as well by centralised control. This costly experience is a good reminder for Germany it is still part of the food chain.

[wclaeys]

Lew is right.

[SlashDotDash121]

I think that was Goldman Sachs calling....

WTF are you saying!!! Stop it!!!! SHHH!!!

;)

[rapblack2]

Esclavizar a la humanidad con la deuda imponiendo su mezquino dominio al mundo entero con himnos banderas religión !!! ball shit

[capucchan8]

banksters always win

[neo19158]

as greece goes so does the world,italy spain portugal ireland uk france usa japan et cetera

[killcraz]

let the banks fail & get back on the road of recovery!! then prosecute the bankers who are responsible!! this should of happend a long time ago..just putting more & more DEBT on the public!! for something we never sighned up for!!!

[CommanderMattShepard]

@killcraz no don't just prosecute the bankers! kill them..............slowly......­.they deserve it for their crimes against humanity!

[killcraz]

@CommanderMattShepard i was just thinking of trying to be merciful of due process of law & let them try & explain themselves in a court of law!! but they have not been with us & the public...."i like your idea" but 2 wrongs don't make a right!!!

[CommanderMattShepard]

@killcraz no. they didn't give the people they've killed due process did they?(the iraqis, the iranians, the libyans, like the libyan hospital they told NATO to shoot missles at). they didn't get to explain themselves before they were savagley murdered did they? and....the bankers have commited the worst crime in the history of the world. they don't deserve a courtroom, a lawyer, or anything! THEY DESERVE....TO DIE........SLOWLY.............

[CommanderMattShepard]

@killcraz BTW, they are taking away everyone's rights and taking over the world. even worse than the people theyve killed!

GIVE ME LIBERTY, OR GIVE ME DEATH YOU NEW WORLD ORDER MOTHERFUCKERS! but preferably, i'

d have you die.

[CommanderMattShepard]

@killcraz i meant bankers not you.

[nickbobj321]

Good point by this man we are in a recession we just don't realize it yet.

[teonactl336]

Lew i follow you everyday BUT. I live in chile and i know that the same people who owns the major central Banks, also owns the biggest gold mines. So I think it would be better to have competing currencies first, like in the Hayekian model.

[Kingdoc1976]

Greece is gona be the 1st domino to fall for sure! its just a question of whos next after that.