Nigel Farage on the Rise of UKIP, the Fall of Europe, and the Parallels for the US

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Welcome to Capital Account. Nigel Farage is a UK politician with a strong US following. He has seen his own party, UKIP, grow from a fringe faction to a viable mainstream alternative. By turning his European Parliamentary position into a bully pulpit for a growing movement of euro-skeptics, he has managed to ride an alternative political wave sweeping across the Atlantic. And many of his speeches before the EU have gone viral on the internet, particularly on the financial blogosphere in the United States, making the man and his United Kingdom Independence Party a force to be reckoned with. Nigel Farage joins us in studio to discuss all this, as well as what happens behind the scenes of Europe's Parliament and give us a sneak peak at his relationship with other MEPs behind the new iron curtain!

Also, the IMF said Europe's banks may need to sell as much as 4.5 trillion dollars in assets through 2013 if policy makers fall short of their pledges to curb the crisis. This is 18 percent more than previously estimated. The failure to implement fiscal tightening could force EU banks to shrink assets, according to the IMF, and this painful deleveraging might crimp growth. We talk to Nigel Farage, leader of the UK Independence Party and Member of European Parliament, about how much pain is still left in the Eurozone. We ask him if he has been surprised at all, by the resilience of Eurozone leaders in their resolve to keep the monetary union together, and if he see's a timeline for a Grexit, a Spexit, and perhaps even an exit of France from the Franco-German Pact!

And Jamie Dimon was in Washington today, speaking at the Council on Foreign Relations. We are weeks away from the one year anniversary of MF Global's collapse. Since JP Morgan was a major counterparty and custodial bank of MF global, Capital Account tracked Jamie Dimon down to ask him about what he knew in the weeks before the broker's collapse. We also took him to task on the Bear Stearns acquisition and the civil fraud suit. Stay tuned to find out what he said at the end of the show!

• Category

  News & Politics

[scott saunders]

Nigel Farage is THE MAN for Britain who WILL stand for british values and culture and financially to restore order and who is then capable to tackling the european crisis by advising how europe should work together for the benefit of the people in europe not the politicians and bankers screwing the people over!!

[TheLogic1010]

Vote UKIP in, local and national election. LABOUR, LIB DEMS and CONS have let the common man down and need to be told so. The EU is corrupt and a waste of money.

[watertonrivers]

I lived in Europe both before and after the EU. I can say without reservation that the formation of the EU was a colassal mistake!!

[charliebishere]

NIGEL WE LOVE YOU

[tahlen wilson]

Europe needs a national party, I am not talking about being a Nazi or hating none European people like stupid Nazi members think, we need Europe to be European, immigration and multiculturalism has failed. and now we know we have had enough, Scandinavia is falling apart with multiculturalism, we have low birth rate for a reason, and thats because Europe becoming to crowded, even if our population drops, it will recover, we don't need to replace our people with out of control breeding immigrants

[Stephen Butler]

UKIP is the only way, the left are running scared and will do anything to taint them!!

UKIP is non racist and totally anti immigration and 100% anti EU!!! 2020 will be UKIPS election so the political gentlemens club watch out!!!

[inyourgenes]

Immigration in the UK is a JOKE. This place is a mecca for immigrants who are uneducated, unqualified, sick, no wealth and see the British as an easy target for benefits, housing, free medical. In my work, I see the cost of them (£100ks) wasted on legal aid, social workers, police, hospital, doctors etc.....and their contribution? ZERO. If you think I'm racist - check-out just how many foreigners are in our prisons, in our courts - ask the professionals - they will tell you I'm right.

[eastnorfolkboy]

UKIP is typical of "Here today and gone tomorrow" populist political parties. Why do they waste time picking on hard-working East Europeans who benefit the nation by increasing all our prosperity by doing the jobs that nobody else wants to do.

Why do UKIP not address the REAL danger, i.e. the insidious islamification of England?

[ratio veritas]

Irrespective of the % you agree with Mr Farage, what he says about this Germany-dominated farce is true.

Germany is the only country benefitting from the hardhips of Southern countries. Shame on Germany. And yes, they do not care. For example: what did Merkel say about devaluating the euro? No!!! Why did she? Because Germany does alright at this exchange rate. Had Southern countries devaluate their own currency, it would be to the detriment of Germany.

[DaBlobVlogs]

I love Farage, he is the only person in British politics who has the balls to stand up to the European union