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Margaret Thatcher Was Correct About Why The Euro Would Be A Disaster 2013-04-09 0:00
Basically, she outlined the problems with the euro perfectly, that Germany would chafe at the inevitable need for greater inflation, and that the poorer countries would inevitably be uncompetitive and need bailouts that would not easily be forthcoming.
This paragraph is from "The Path To Power," where she discusses conversations with John Major (her successor) about negotiating with the rest of Europe. She just totally nails the inflation and competitiveness angles.
Watch Margaret Thatcher Explain Why the Euro Is a Terrible Idea in 1990
By Jordan Weissmann | TheAtlantic
Say what you will about the rest of her legacy, but when it comes to the economic disaster today known as the euro, Margaret Thatcher was downright prophetic. In a delightfully acidic speech delivered before Britain’s House of Commons in 1990, and posted below, she summed up her feelings about European integration: "No. No. No."
Specifically, Thatcher opposed to the idea of handing political power to a European parliament, giving up the pound for a single European currency, or handing over its monetary policy to a European central bank. As she put it (in the blunt way only British politicians can):
Perhaps the Labour party would give all those things up easily. Perhaps it would agree to a single currency and abolition of the pound sterling. Perhaps, being totally incompetent in monetary matters, it would be only too delighted to hand over full responsibility to a central bank, as it did to the IMF. The fact is that the Labour party has no competence on money and no competence on the economy -- so, yes, the right hon. Gentleman would be glad to hand it all over. What is the point of trying to get elected to Parliament only to hand over sterling and the powers of this House to Europe?
Russians drop leaflets on ISIS, implying America and Israel is behind them 2015-10-09 4:38
Dire warning: The leaflets (pictured) being dropped by Russian jets warn people to get out of the zone of 'special operations' - and one implies that terror group al-Nusra Front are backed by America and Israel
Syrian army helicopters have dropped tens of thousands of leaflets on ISIS and rebel fighters, warning them to get out now and 'don't make it even ...
College diversity officer charged for #KillAllWhiteMen tweet 2015-10-08 23:16
A U.K. college diversity officer’s utopia would include no white men – after they are all executed.
An employee of Goldsmiths University of London’s independent students’ union was arrested in London Tuesday and charged with sending a menacing or offensive messages via a public network for her “#killallwhitemen” tweets.
Bahar Mustafa, 28, faces one charge each for electronic communications she sent over ...
Paedo deported from UK sneaked back and worked with kids for two years before being caught 2015-10-08 23:50 Landazuri worked with teenagers for two years before he was caught
Juan Guerra Landazuri successfully lived in Britain with his new identity for two years and even got a job helping vulnerable teenagers - despite being banned from working with children for life.
The 44-year-old, originally known as Juan Alejandro Guerra, was jailed for four years in 2002 for two offences of ...
Why Don't More Minorities Hike? 2015-10-08 23:06
As a Bay Area native, I grew up in outdoor spaces. While hiking trails in Tilden Park in the East Bay and in the Marin Headlands in the North Bay, I gained an appreciation of and respect for natural spaces that eventually led me to visit our national parksâ€”Yosemite being my favorite.
It was in Yosemite that I started to notice ...