Part 1 of Merryn Somerset Webb's interview with economist Bernard Connolly about the democratic deficit in the EU, and the certainty of a new financial crisis.
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@antonrudenham32597 жыл бұрын
Bought his book when I decided to find out for myself what makes the eu tick and how it all came about, I read both sides of the story both pro and anti eu and the result was astonishingly one sided. There is absolutely no doubt in my mind that if every European was made to fully understand the truth about the eu , its origins and its endgame it would never have gotten off the ground.
@mclanaford29574 жыл бұрын
Christine Knight Dear Christine. I thank you so much for your lengthy response which I read with great interest I agree with you 100%. The EU is a Trojan horse. If only people were more aware , but of course the elitist are in bed with Brussels. I pray everyday that Brexit withoutva deal will come to pass 🙏🏼🙏🏼. The u k will thrive as it has before the EU. I have read that the London Stock exchanged will be moved to Frankfurt Germany in 2020. Yes that will result in 200.000 people losing their jobs. The English pound is being confiscated in 2022 . yes. They signed the Lisbon treaty Willy nilly. Were people made aware of all these things ... of course not . So sad. .....Pray it is the only hope for the UK to be free of the Shackles of Brussels
@petewalsh22864 жыл бұрын
@Christine Knight moronic crap.
@spex3574 жыл бұрын
Which is why if read the document FCO30_1048.pdf you can see the deceit being discussed and how they would ignore questions of Sovereignty in the house of Parliament. The supreme court overruled the Queen the other day, In the document FCO30 we can see someone ask "is the Queen safe", the answer "we have made her so for now" has had me pondering for years, but it seems like her day looms. We are no longer a Constitutional Monarchy but a Constitutional Supreme-ocracy, ruled by unelected Judges. We have a politburo and Democracy is dead if our votes count for nothing. Manifestos that gained MP’s election now count for nothing as the Supreme Court has deemed itself capable of overruling all, including the Queen. Our Parliament counts for nothing. This is a Constitutional Coup by an unelected group of 11 EU affiliated judges.
@BB-qp9ri4 жыл бұрын
spex357 good stuff, and wasn’t it Tony Blair that set up this Supreme Court
@petewalsh22864 жыл бұрын
@@spex357 drivel.
@clemalford97684 жыл бұрын
Oh dear. We have been screwed yet again by our politicians and parliament.
@paymydues4 жыл бұрын
That's why all those who are trying to get us to stay IN need to be voted OUT.
@jungbolosse30344 жыл бұрын
Clam, And guess what, Brexit Will drill you a second asshole.
@derektomlinson65144 жыл бұрын
The government and EU are going to send us into a depression. And you will not have a vote that means anything in the future. It is coming and there is zip we can now do as parliament elite has sold the people down the river.
@derektomlinson65144 жыл бұрын
@Boomer Galactica The only way out is if Boris pulls some serious sht. The corruption is beyond anything since the 1600 civil war.
@derektomlinson65144 жыл бұрын
@Boomer Galactica yes the 1600s we have not got long to wait and see have we!
@barbaracraddock6944 жыл бұрын
Why haven’t we heard of Bernard Connolly before he must urgently go on national television.
@jeansouthworth58804 жыл бұрын
Barbara Craddock Where? The corrupt BBC? Look at how NIGEL FARAGE was treated on the Andrew Marr Show. I really can’t watch A Marr again. He was disgusting even though he had his arm tied up his back.
@LornaKellyZim4 жыл бұрын
The BBC do not want us to know the truth. Share this link as far and wide as possible.
@brownnoise3574 жыл бұрын
Barbara Craddock Telling the truth about the EU or criticising the EU is in breach of contract by anyone receiving EU funding. It can even get you jailed, like was done to that Estonian Economist who got jailed for 90 days for telling the truth about the euro.
@brownnoise3574 жыл бұрын
The really scary perspective, is by 2011/ 2012 at the very latest, it was absolutely clear that the EU had reached a point where saving the EU had become impossible, and that the EU was now doomed, Should have been the number one topic of discussion in the EU Media and amongst the Career Politician Class. David Cameron’s attempt to get the EU to carry out any form of self Reformation was rejected because the EU Establishment will not even consider it, and imho that rejection blew any chance of the EU’s implementing their Plan B split into North EU / South EU out of the water as well. To me, that means total disintegration of the EU is now unavoidable. The behind the scenes stuff pointing to inevitable failure, is why it looks like President Trump was right when he recently told the United Nations that the future does not belong to the Globalists, it belongs to the Patriots . Globalism hasn’t worked, just like Paul Volcker warned it wouldn’t, over 25 years ago, and it’s now Dying, along with its component parts like the EU.
@derektomlinson65144 жыл бұрын
Because BBC is part of the machine. You have to dig for knowledge. The television is there to stop you from obtaining knowledge. That is I threw mine out over fours years ago.
@johndrummond8 жыл бұрын
Bernard Connolly's book is a pretty amazing piece of work IMO.
@jonbonanchovi49444 жыл бұрын
Its so unfortunate that most people won't take the time to properly research and educate themselves about what the EU is, how it works and how it came about.. And that is exactly what the EU is relying on to achieve its objective
@lesigh17494 жыл бұрын
There are no shortage of uninformed people willing to accuse you of having a tin foil hat if you even suggest that the EU may not be an entirely pure and benevolent organisation. The notion that it could be up to anything shady, is blasphemy to them.
@petewalsh22864 жыл бұрын
@@lesigh1749Shadow bullshit. You both need to explain your crap.
@BB-qp9ri4 жыл бұрын
To be a member of the EUrinal you have to accept the fact that your laws will be made for you by a self elected council that you have no control over and in which you are not represented
@petewalsh22864 жыл бұрын
@@BB-qp9ri If even half way true we'd be using the Euro.
@jwadaow4 жыл бұрын
@@petewalsh2286 Blair did agree with the commission we would use the euro at some indeterminate time in the future. There is going to be an EU army. The EU is a political project intent on complete integration into a state, starting with further centralised financial control, which precludes the independence of the City of London.
@xxczerxx5 жыл бұрын
To anyone watching this - Bernard has just appeared again on the Moneyweek podcast, download it! How does this have only 11k views, and why isn't this man better known? I don't really think I've ever heard someone so erudite on the topic of the true nature of the EU, this interview is absolutely dense with (very alarming) insight.
@margaretreid86924 жыл бұрын
He is not well known because the corrupt beaurocrat's and corporations make sure he isn't!
@michawill65994 жыл бұрын
YT censors and alters remember
@goharikjones73874 жыл бұрын
This is what Nigel has been saying all along, agree with the gentleman, and JRM has been saying the same. Brexit must go a head on October 31, 2019.
@ronaldsykes9668 жыл бұрын
rome was burned to the ground by its own citizens, contrary to the belief the murauders randsacked it. history repeats itself ,over and over again
@casteretpollux2 жыл бұрын
Exactly describes the UK right now.
@rnf12274 жыл бұрын
This should be mandatory viewing for all remain MP's
@sodthelotayou37124 жыл бұрын
It is one point of view.
@richwilliam33784 жыл бұрын
Most 'Remain' M.P.s aren't too bright and the rest are bought and paid for. Some are dim and bought and paid for.
@Gismotronics4 жыл бұрын
This was quite a landmark moment for me when I first watched this interview. Bernard Connolly is spot on of course.
@christinecopus59674 жыл бұрын
Listen to this from a non biased view.
@stucrossland37194 жыл бұрын
Does the UK want to be part of the European empire? Hell no.
@petewalsh22864 жыл бұрын
moronic crap.
@GMANIM4 жыл бұрын
Not as it stands. It is creeping federalism going on communist/fascist. An authoritarian oligarchy in the making. A Rubicon was crossed with the SEA and its QMV; this places the power with the most populous and wealthiest nations; almost the diametric opposite of the US' Electoral College, which attempts to distribute authority equally among the States of the Union
@BB-qp9ri4 жыл бұрын
We certainly don’t Stu , that’s why the leave vote won
@GMANIM4 жыл бұрын
@Anthony Burke Listen well, you communist, fascist oaf. I am not even remotely interested in enduring your girl-wristed Straw Men - nor do I care to learn of your reading and comprehension deficits; and I suspect a great many other contributors feel exactly the same way.
@lcdat4 жыл бұрын
It is moronic crap, but I’ll give him that: he is good as making it sound educated and substantiated (while mixing things up and discretely slipping false statements amidst the sniffing). Appalling!
@christrinder12554 жыл бұрын
I voted in the 70’s referendum NOT to enter the ‘Common Market ‘ as the E.U. was originally called before it started to actually turn into what appears to be growing into a political state, and have now voted again to Come Out of the E.U. I thought this country was democratic, but as 3 years later we are still not out of the E.U. I’m wondering how far down the undemocratic EU route the U.K.has gone.
@ryanborder1898 жыл бұрын
Great Interview Merryn-never heard of Bernard before but off to get his book!!
@michaelbrown8654 жыл бұрын
His book The Rotten Heart of Europe, how right he was, prophetic. If anyone hasn't read it please get a copy, the EU will not achieve full political union which leaves only one outcome, the collapse and complete failure of the Euro and Eurozone and the break up of the EU. And our establishment want to keep us in?
@maryrose47124 жыл бұрын
I would like to buy the book, does it get very technical regarding economics?
@michaelbrown8654 жыл бұрын
@@maryrose4712 Not really, it's written for the layman but he clearly points out why it was doomed to fail. Convergence was never achievable and it sure ain't now. Another good book is The Great European Rip Off, written with insider source material, it is clear the politicians and bureaucrats have destroyed what was a great concept.
@worldpeace18224 жыл бұрын
Michael Brown as any politics aren’t always going to do what was intended from the beginning... why would this one example foreshadow the end? Even if the EU should fail it doesn’t mean there is no way for reforming unless it would come to a total disagreement between all European countries. I hardly think all Eu member will go back to the way before the EU either.
@michaelbrown8654 жыл бұрын
@@worldpeace1822 They won't get the chance if the bureaucrats in Brussels get their way, not without bloodshed that is. As Mikhail Gorbachev said "The most puzzling development in politics during the last decade is the apparent determination of Western European Leaders to re-create the Soviet Union in Western Europe." And we know how that ended
@worldpeace18224 жыл бұрын
Michael Brown there are four question to be asked of your fallacies argument your are trying to pull. 1) Why should I care more about the person that is saying something rather than the reason to say it. 2) Is the comparisons between the EU and the Soviet Union even reasonable, especially as linking both ultimately also includes the outrageous deeds by this regime. Similar rebuttal techniques are used when comparing current Germany with nazi Germany and than linking Germany to the Eu. 3) Where is that quote even from what is the source. 4) If it is truly from this person, in what context was it said. Especially the third question needs to be answered by the one quoting...because as far as I could research it ...Gorbatschow might not ever had said this! It’s easy to manipulate people today what makes it even more important to not be a broken record to not repeat what someone subtlety whispered into our ears. So please do the deed and find out where your quote originated from and think strongly about it with reason rather than emotion.
@ramanathanmathavan57334 жыл бұрын
There is a global recession on in the last four years businesses around the world are going bust it’s not Brexit Europe has no clue how to move on in the light of this situation. The reality is when you have a global recession no one can solve it ,businesses have to be prudent ally managed and let the cycle run and complete the cycle. No one has answers. This happened in the 1988, You have to let the cycle runThe EU is unelected and politicians who haven’t got a clue. Remember what Bernard Shaw said politics is a refuge for scoundrels and our present Parliament has just confirmed this.
@noelmason23054 жыл бұрын
Christine Knight 👍🏼👍🏼👍🏼👏🏼👏🏼👏🏼👏🏼👏🏼👏🏼👏🏼
@Nounismisation8 жыл бұрын
Bernard knocks the others into a cocked hat.
@martinmcdonald42074 жыл бұрын
Nounismisation that shouldn't be too hard. The bar has never been high on that front from all sides. It appears to becoming a blame game because of the stalemate, in time it will become a crying game. What a complete unnesisary self inflicted mess.
@stijnvoorhoeve69188 жыл бұрын
thanks a lot, great interview. Greetings from Holland
@golfbulldog4 жыл бұрын
The movie called "things to come" which was based on an HG Wells book is fascinating view on sovereignty. The EU type character is called "Cabal" and he flies in to a devastated town in UK as a representative of a multinational trading organisation called "Wings over the world". He then bombs the independent sovereign nation that is the UK into submission using the "gas of peace" (a form of sleeping gas). It was written pre WW2... But clearly sovereign states have been seen as dangerous by technocrats for decades.
@golfbulldog4 жыл бұрын
kzfaq.info/get/bejne/nNd7es-jtafKg6s.html. At about 38 mins for 5 mins watching... And u see what appears to be CCTV footage of brexit negotiations😃
@maureen3484 жыл бұрын
I saw that film when I was a teenager,It gave me a chill then and I didn,t know why.Now 50 years later I do.
@golfbulldog4 жыл бұрын
@@maureen348 there is a script somewhere on the internet where they originally had a different phrase to "independent sovereign state" so they changed it from something else to sovereign state to make it even more clear... If Sargon or a big youtuber could popularise the movie and break it down it would be great... it shows plans to relieve sovereignty have been in place for decades... HG Wells had powerful friends so his his views were likely shared by many powerful people...
@golfbulldog4 жыл бұрын
leonscripts.tripod.com/scripts/THINGSTOCOME.htm "independent combatant state" was the phrase in the script... Changed to "independent sovereign state"....
@gamevalor8 жыл бұрын
Corporatism is not the same as capitalism.
@StellaAsh5 жыл бұрын
His book was banned in Germany in 1995!
@paulfarmer39255 жыл бұрын
No wonder! gonna buy it
@xxczerxx5 жыл бұрын
That sounds a bit familiar, doesn't it?
@drakon50764 жыл бұрын
His book was never published in Germany (that means there was no german edition) but the english edition was always available.
@hanorabrennan88464 жыл бұрын
The rumour that Angela is a relative of Hitler's must have some veracity?
@michawill65994 жыл бұрын
No way! 😳
@dulally5444 жыл бұрын
Now all of that information is very believable and I agree with you totally Bernard.The British people have voted out.
@pebblepod305 жыл бұрын
11:20 - 11:45 So the EU actually has totalitarian traits - as you human or Poltical right can be put aside in pursuit of "ever closer Union"? Jee Whizz. This video really should get more hits.
@samrowbotham89144 жыл бұрын
Volume 49 of the Journals of the House of Commons (1783). Page 663 goes on to say: ". . . all Sovereign, Legislative, and Judicial Powers are the Rights of the People; and though the People have delegated those their Original Powers to others, in Trust, for the Benefit of the Community, yet the Rights themselves are reserved by the People, and cannot be absolutely parted with by the People to those Persons who are employed to conduct the Business of the State.” It continues, “That the Constitution of England is held by the King, Lords, and Commons, and other Officers appointed by the People, in Trust, for the Benefit of the People; and though these Trustees may regulate and improve the Constitution, yet they cannot alter or subvert it without committing Treason against the Nation . . . That Magna Charta, or THE GREAT CHARTER OF THE LIBERTIES OF ENGLAND, . . . the Constitution of England, which are in and by them respectively declared . . ." " . . . the Office of KING of England was not instituted by the People merely as an Office of Profit and Honour to the King, but he was so appointed as chief Trustee and Guardian of the Constitution and Rights of the People; and that important and laborious personal Duties are annexed to the Regal Office, the Objects of which are, to promote the Good of the People, and preserve their Rights in full Vigour from Innovation and Corruption . . . That it is the Duty of the King to preserve the Constitution of England and the Rights of the People against every incroachment; and, in order to enforce that Duty, the [Coronation] Oath is required to be taken by every King on Accession to the Throne of Great Britain.” ... “That the Constitutional Rights of' the People have been violated, and that it is the Duty of the People, in the present alarming Crisis to assemble and enquire into the Innovations or Infringements which have been made upon the' Rights of the People.” “That is the Right and the bounden Duty of the People to punish all Traitors against the Nation.” ... (Skip to Appendix C. 20. Apr. 1792. on page 665) “That all Civil and Political Authority is derived from the People.” The English Constitution is absolutely clear we cannot be governed by a Foreign State and no one, not even the Monarch who is the guardian of our Sovereignty can give it away to do so is to commit High Treason.
@bunnyboilerification4 жыл бұрын
That will be why the pedo loving royals stay quiet on the matter,well that and the Epstein & Andy thing
@TheBuddyLama4 жыл бұрын
The EU has succeeded politically where the Nazis failed militarily, their agendas are not dissimilar.
@margaretreid86924 жыл бұрын
That is true Mebrice,
@peternettleton81564 жыл бұрын
What I have been saying for years, the EU is nothing more than a front for the German 4th Reich.
@jonathansurman29904 жыл бұрын
Absolutely! You are absolutely correct with your analysis! (Unfortunately) Seeing all the BMW, Daimler (Mercedes Benz), Auto Union (Audi), Porsche (Quote: It was Ferdinand Porsche who designed the "People's Car," the legendary VW Beetle, in 1934. Adolf Hitler was so taken with the engineer he declared him "brilliant.") & VW (Volkswagen - But at first it was known as the KDF car "Kraft- Durch- Freude or Strength Through Joy".) cars on the road today I suddenly imagined all these cars being driven by men wearing Black Uniforms with Red Broken Cross insignia on their arms. Tell me again, which country actually was the victor at the end of WW2? (Just thinking aloud really.)
@jonathansurman29904 жыл бұрын
Just as now, Young People were considered as very easy to manipulate into believing that monstrous political policies were entirely "Reasonable" & everyone adopted a "Group Think" mentality. kzfaq.info/get/bejne/bp6JotxnsZjYiIE.html Notice the "English Contingent". Just replace the sea of Red Broken Crosses with the Blue & Gold "EU" flags, & you get the idea! (Awful.)
@chicsharp57864 жыл бұрын
Had the Nazi Party been successful in conquering Europe the EU is what they'd've turned into. Thankfully they (like Napoleon) overstretched themselves by attacking Russia. Both Stalin & Hitler were by nature (actual and future) State Capitalists!
@kepnjem4 жыл бұрын
It's a sad fact that I don't trust anyone these days. Although I did vote Leave.
@garysymons4104 жыл бұрын
If only I had come across this book earlier it would have changed everything, and over three years have paSSed and every word has come true, army, taxation , deficits , anti democratic , and more.
@mclanaford29574 жыл бұрын
Thank you Bernard. I enjoyed you frank answers. In info
@mootamoonta2614 жыл бұрын
When will the EU PONZI SCHEME crash out.
@jungbolosse30344 жыл бұрын
Hold your breath.
@reckoner10154 жыл бұрын
when the CB 'stable coin is ready to be disseminated via a fintech industry which is currently under construction- current banking will be folded when they're ready to transition us all to the new "saviour' currency and fintechs backed by the IMF.
@reckoner10154 жыл бұрын
@John Ashtone classic, smart by half!
4 жыл бұрын
Peter Hitchens is right when he says that the E.U......which is dominated, inevitably, by Germany....Is"The Continuation of Germany by other means" The German drive to dominate Europe has never changed since 1914: the only difference is that THIS time it's doing so, not with soldiers and tanks, but with economic and industrial power.
@NicholasBrakespear4 жыл бұрын
If at first you don't succeed...
@michaelcambridge89134 жыл бұрын
wow so glad i listened to this man who makes sense and explains the EU predicament as it is
@mc25944 жыл бұрын
The risk is moving out of a single market and it's restrictions to an open one without restrictions and normal competition. In other words the single market loses it's hold and negative control without competition, so by leaving, the single market exposes itself for what it is .. where the proplem is.
@margaretreid86924 жыл бұрын
MC2, Exactly!
@themsmloveswar39854 жыл бұрын
The Common Market can exist without a common political entity. However the people running the common political entity do not want anybody to know that.
@brownnoise3574 жыл бұрын
Healthy Economies are built with the Savings of ordinary people that are then invested by Banks that are locally in touch with the Communities Saving with them. Today, we don’t have Banks doing that, everything is controlled by out of touch Head Office, people have been discouraged from saving (the route out of Poverty), they don’t have any disposable income to save, because the purchasing power of wages has been destroyed, and if they do manage to save, they don’t get any annual return on their savings. People are even being increasingly discouraged from “hoarding cash”- that’s just saving isn’t it? If we go digital with a cashless currency then imho we’re going into a Greatest Depression, and if we’re stuck in the EU, getting out of that Depression is going to be really difficult, because the necessary flexibility to do so, or even reduce the associated pain of it, like has been done to Greece, simply won’t be allowed. ☹️
@thomaswhyulying65245 жыл бұрын
Plain speaking and should be lessoned to so we could navigate the future
@urtrapped4 жыл бұрын
Just one item i picked out. Standards of education. It is encouraging that a respected economist, has the courage to highlight what i believe is the single most important matter for our country. I sincerely hope that others of influence contribute to the debate on education.
@truth57618 жыл бұрын
Preach the truth
@jungbolosse30344 жыл бұрын
Bernàrd Connolly used to work in the finance business, particulary in the € monetary field. Then he worked for the European Commission. Which he criticized And as such was fired. Mr Connolly appealed but it was rejected. MR Connolly is therefore a specialist of how to make money out of currencies. Problem is you can't speculate on the Euro. But you can short the pound with Brexit. Link the dots...
@bonekolekta8 жыл бұрын
What he said...
@keithhornby28884 жыл бұрын
What a nice smart man
@AlienPsyTing17 жыл бұрын
great and v professional interview with someone who actually predicted the Euro crisis and my how he predicted it, he describes how events were to unfold almost 100% apart from his prediction of inflation that would hit the system after bails outs/fiscal stimulus has been applied. I took a look at Moneyweek and will probably subscribe as if this is the caliber of journo who interviews if their writers are up to her standard it should be quite a good investment.
@cgneale88664 жыл бұрын
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@c.i.69504 жыл бұрын
Ha! Screw you, Google - your algorithm wasn't supposed to pop up this gem for us three and half years later! This chap is the single best exponent I've ever seen for Brexit and the dissolution of the vile banksters' union and their debt-serf neo-feudal super-state.
@patrickmccutcheon93614 жыл бұрын
The EU is patently not an empire. Rather it is a union of two types of states that have banded together to better represent their interests in a world dominated by two large countries. The two types of states include small countries and countries that do not realise they are small. The latter include countries like the U.K. which once were empires.
@brokecreole8 жыл бұрын
all 7 must fall
@elizabethmortensen84644 жыл бұрын
As one migrant once wisely said : tolerance of an intolerant situation is a cowardly act (a précis, not an exact quote.)
@manjay494 жыл бұрын
Please refer to Michael Hudson, Steve Keen and David Graeber.
@goldyyemmy33964 жыл бұрын
pre a manger.. cafe nero ... habitat..comet .. dixons.. how many curry,s left. ALDERS .. Foxtons office / house sales . salt rock clothing . Thomas cook ( not helped by goverment against internet flights and dubious hotel booking companies that pay to little in tax .. Waterstones crippled by amazon. and as people are living more and more single lives less money to spend in the economy. . less need for suits people are less healthy due to they are having to buy there own lunch and not quality food in company canteen. so a larger burden on the NHS.
@daleholmgren60784 жыл бұрын
32:21 Q: So what should an investor do? Connelly: " I have a personal preference for gold...(but) looking further ahead, the government is just not going to ALLOW you to hold it." So that means you own the gold mining shares. They did not confiscate the mines in 1934.
@ThePixey10004 жыл бұрын
Bernard we have been saying this since the day some Idiots in the Nation voted to enter this Toxic organisation.
@susanhughs10314 жыл бұрын
Money Week,: I Don't See Why I Should Be Made To Live A Country Called Europe,!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!, I Am British Celt, I Thought Europe Got Rid Of Slavery Over (300.) Years Ago,???????
@Nashy764 жыл бұрын
All that financial crisis talk was the first time I actually felt glad I have nothing.
@sodthelotayou37124 жыл бұрын
You're entitled to your point of view.
@ruthirwin82224 жыл бұрын
That gentleman is brilliant should be on the news and newspapers and shouting from rooftops...absolutely brilliant
@richardeastman98464 жыл бұрын
Bernard Connolly claims real inyerest rayes are falling and will fall with real interest rates. Actually for the lenders and holders of bonds and cash balamces real interest rates are high and increasing and that because of the lenders and money hoarders' (the liquidity trap crowd) are getting and expecting a deflationary premium due to the unmentioned tight money supply in the domestic real economies of EU and US economies. Real domestic economies have an all-borrowed money supply with every euro, pound or dollar deposit being co-created with debt of a much larger amount payable over time -- which means that ever stimlus of new loan deposit will be more than swallowed by subsequent payment of principal and interest. That means that deflation rewards liquidity trappers -- and what prices are going down for them? The prices going down for them are the prices of the assets of businesses, households and governments forced on buyers' markets because of deflation. The distress of the real economy is caused not by what nominal interest rates are doing, but rather by reduced circulation of too little deposits in consmer bank accounts. Less money means fewer sales, less money for firms to pay costs, especially fixed loan costs. And economists not seeing this, see consumer prices rising and, wrongly claim it is because of inflation, when the truth is that consumer prices are rising because of money deflation causing a fall in consumer demand causing fewer units of products being sold which means that per unit prices must rise so firms can pay their fixed costs. Firms with good products, patents and trademarks fail in the deglation and their assets go one the market where the liquidity trappers will buy them up and streamline them by firing workers and hiring new ones for less. That is the racket being played and all this talk about zero nominal interest rates is but obfuscation concealing a meneyed class enriching themselves without risk by remainig liquidity trappers in a moneyary deflation that hirling economists agree to pretend not to see as they focus on the irrelevant interest rates. Those who are owed trillions will never allow real moneyary inflation and the reflation of depressed rea economies to happen. --but they continue to threaen that higher prices are around the corner but the central banks are doing us a favour by keeping nominal interest rates very low. What a whopping lie told to their debtor and realeconomy victims. Big finance is enjoying very high real interest rate made high by depressing monetary deflation giving them windfall deflationary lenders' premium and cheap productive assets to buy up from distressed mortgage debtors, business debtors and government debtors. This is the most important economic truth today, the truth the hirling economist shill run away from.
@ttrons24 жыл бұрын
When He brought Stalin into the discussion I had of this guy. Democracy and freedom are myths.
@omaha2pt4 жыл бұрын
Oh the irony. Question: why do I, as a European, do not feel my identity threatened in the least? I do not feel the need to "belong" to anything, except Humanity. What defines my identity is who I am as a person, not any group I might have been born to or live with. Nationalism is tribalism. The threat of "losing" one's identity because of a larger group is an imaginary one. No one can take away my identity unless I allow it to happen, or don't have one, to begin with. I fail to see how this is a real problem. Cervantes and his Don Quixote come to mind. You are being spoon-fed and told to believe you like it.
@allegra04 жыл бұрын
Bring me my bow of burning gold Bring me my arrows of desire I will not cease from mental fight Nor shall my sword sleep in my hand Till we have built Jerusalem In England’s green and pleasant land
@shinyrust48094 жыл бұрын
If power concentrates in an individual or a state; corruption takes place. The person with less and the person with more has to have the same checks and balances.
@dennisboyd17124 жыл бұрын
WOW Bernard Connolly speak clear Truth with reason.
@johnsullivan51014 жыл бұрын
Could be wrong but it might not make sense to base your economic and diplomatic policies on paranoia. All this nonsense about the EU being like the USSR. When the UK said it wanted to leave. the rest of the EU countries negotiated a 585 page withdrawal agreement that the elected UK gov agreed to. When Hungry and Czechoslovakia said they wanted to leave the Soviet Union, Russia invaded. I am capable of telling the difference between these 2 types of reactions - poor Bernard is not. About the only issue I can think of where the EU has a direct impact on most Europeans is immigration. For the UK this is mostly to do with Eastern Europeans who in some cases undercut wages paid to the local born. But this has being going on for decades in England, previously with the West Indians, and Indian-Pakistanis and the Irish. The guy who runs Weatherspoons employs thousands of EU nationals. He says they can easily be replaces with Malaysians. So he doesn't intend to raise wages to get the English born to work for him - he'll just turn to another source of cheap labour.
@robertgough5084 жыл бұрын
Brilliant rational and more pertinent than ever. Shame he is not. Majored on mainstream tv!
@queenstreetsystems4 жыл бұрын
2nd November 2019 - Negative interests rates - who would have ever thought it? Is there a computer or manual system which can work it out ?
@bicyclemanNL4 жыл бұрын
So why didn't Dyson stay? Factory gone and not to the EU, not because the of the EU... Any factory that moves is due to costs in the country that makes units, the lower wages with lower cost of rent/purchase of buildings... and its cheaper to ship them all the way from Asia ????
@user-pd5yu2ho9s4 жыл бұрын
The central bank is issuing money incorrectly. There is increasing damage while maintaining the bank error. We are the victim of a central bank error. It is vitally necessary to end this error.
@12SPASTIC124 жыл бұрын
We did it boys
@lancekirby51414 жыл бұрын
This guy is spot on, am gonna get the book. Great interview, worth watching.
@swisschalet1658 Жыл бұрын
Currently the best video on YT.
@rickjones73294 жыл бұрын
So basically just like in America greedy people spend to much at the expensive of the working class. Just like in EU and now that we have been stolen from to the max lets just keep spending that way future generations have to keep being poor and the harder you work the more poor you get because somehow your harder working habits will help a little the next person that has to be poor behind them. So lets just spend into oblivion because hey you only have one life might as well take advantage of it while you can right? After all its only your kids kids kids etc. Futures that have to be poor and guess what by then it wont even matter to anyone because Generational slavery is the way to go? Thats why Americans are born 30k in debt from the time they are born
@jonbod33674 жыл бұрын
Yeah. He's my man. Just leave eh.
@mididoctors2 жыл бұрын
The Tories are systematically dismantling democratic norms in the UK post brexit ...makes this critique look laughable
@moonlightskier8 жыл бұрын
his final word of advice, SPEND SPEND SPEND now what you have to prepare for the future after the soon collapse of all currencies and economies. interesting.
@goldyyemmy33964 жыл бұрын
there is still quantative easing . even when they said it has stopped officialy. this is y there has not been a totqal new monetery collapse what they have done is suruptitiously found a way to transfer QE, onto the general public . it is more complex and difficult to explain. here are a few examples ... every company that can is selling there goods at 29% - to 39% over cost as you use ypour small change on services and entertainment. EX. car insurance .. over 12 months used to be +10% now it is between 29% - 35% plus.. the same has happened with tesco store cards and basic credit cards . which used to be 12%. but if you take cash out your whole balance jumps up to 30% plus ( incl store purchases ) UNIVERSITY fees are used to balance the goverment budget. not for the running costs of universities . ( and to pay for the black hole PENSION FUNDS ) which the UNIS lost in the financial crash of 2008
@starsailor49 Жыл бұрын
Supporters of the EU will no doubt brand this gentleman’s views as being ‘thick’ but his points are precisely why I voted leave.
@relobmit4 жыл бұрын
Where can I read about the Euler? equation for consumption?
@ludovic24314 жыл бұрын
This man forgets that there are more things that unite us than separate us. Indeed, the EU is a project under contruction, it needs to be improved. However, I agree upon Brexit, it needs to be executed because from the EU point of view finally it is better to do it without the Brits then with the Brits. At least half of the Brits never understood the European project but let's be honest, the position of the Scotts in the UK is comparable with the position of the Brits in the EU. I am curious what is going to happen when the Scots decide to walk another path? Shall they be free to do so? I doubt that and indeed we are heading for a crash but it shall not only be a financial crash.
@wewrestlenot4 жыл бұрын
the EU is getting up everyone's nose!
@Mike-tb5gj4 жыл бұрын
It seems that the UK has been made subject to the same tactics used against any nation who has expressed a wish, or even discusses, leaving the EU.....the much-vaunted 2nd referendum!!! It has worked before, in Denmark, Ireland, the Netherlands, etc...….same old trick - and the MPs in the UK "Parliament" have fallen for it, under the pretence of the great "trade" issue!!! I also think that Mr Connolly should be on the BBC, ITC, Channel 4, etc......but I guess that will never happen......doesn't that tell you everything? Reference also the "Lisbon Treaty", which was the EU Constitution under another wrapper...…...and signed up to by heads of state without any "nod" from their respective populations. Indeed, it is the EUSSR!!!!! And to think my father used to say "we would be better off as the 51st State of the USA"!!!!!!
@bicyclemanNL4 жыл бұрын
LMAO - if thats not all lies in the first few mins - everything has to be passed by all countries, one says no, then nothing will change Always gets me about the international army - NATO, UN, Colaberation with the USA - is that a national army?
@72RwS4 жыл бұрын
"everything has to be passed by all countries, one says no, then nothing will change" Lisbon Treaty...cough cough
@benwrc3694 жыл бұрын
Not sure why this video popped up in my feed as it is two years old. However this totally flawed understanding of human psychology in relation the European institutions. What Bernard brushes over is although the ministers in Council of Europe that propose the laws are not directly elected, they are chosen by the heads of state of the European member states who were elected. This is like complaining that the British ambassador to America trying to string up a trade deal is a tyrant because you and I didn't choose him. In some senses, this is a better compromise because it gives our elected head of state the power to veto laws that don't suit Britain. If we don't like the proposals we can elect a new parliament with a different prime mister to send a new representative. The fundamental problem with the EU was the creation of the euro but the UK didn't join the euro so it was not an issue for us.
@importantjohn4 жыл бұрын
25.00 he says he remembers saying in 2014 we would have another financial crash in 24 to 36 months and he sticks to that timetable. Well I am reading this in October 2019, so we are 2 years beyond his prediction and yet still no sign of a crash. I suspect we have found a way to end financial crashes forever with QE, but the trade off is low productivity growth and slow income growth. I price worth paying I think, given we have full employment and rising incomes (albeit slowly rising)
@LuisMailhos4 жыл бұрын
The EU political power is handled like in Napoleon's "Construction of year VIII". Democratic elected representatives hold little power while indirect elected, or unelected officers, are very important.
@bell1919914 жыл бұрын
The most symmetrical introduction I've ever seen
@threepot58744 жыл бұрын
From 6:25 he's basically quoting the 'Kalergi Plan'?
@johnrawlins61475 жыл бұрын
This should be on tv channels, and other information like this as well ,so more people can see what the EU is and therefore warn them of whats inevitably going to happen in the future. The BBC won't tell you there in with it , I don't pay tv licence anymore and I think a lot of other people have stopped now that's why they have put the fee up . We have to stop voting conservatives and Labour they have ruined this COUNTRY over the last thirty years VOTE UKIP
@mattaylortango4 жыл бұрын
So if the EU wants to create a multi national army (which John Stuart Mill says is terrible) then what is the United Kingdoms army? Has the UK's army every worked or should it be disbanded?
@SuperBartles4 жыл бұрын
I wish I'd seen & studied this 3 years ago. Anyway, I think there's plenty more to the eurosceptic case than he says here (I wish he'd had more time to get back to the points he said wed get back to later :) The fact that the EU is a political experiment, rather than a slow evolution, leads to it being a power-grab, where unscrupulous or fanatical politicians will try to take control, sacrificing most of their principles because of an ideal that they claim to be trying to achieve. It simply makes no sense to throw out our system (warts and all) for this. Another problem, quite frankly, is the level of fanaticism of EU-philes. Mr Connolly talks of the EU people making the law do whatever they want to a degree that damages the rule of law: that has infected the UK very obviously. But it's not restricted to that small group: the fanaticism, the idea that this experiment conducted on 500m people is more important than all the other problems we face, I see this every day when I talk to #FBPE people on twitter: some claim they are only worried about the economy, but they've been manipulated. Many of them state they are defending democracy in the UK, whilst trying to ignore a far bigger popular vote than any party has ever got, and simultaneously colluding with Brussels on a takeover of the UK. They're either incredibly stupid or fantastic liars, there is no other option. Except perhaps both together...
@lindoncoffee4 жыл бұрын
Great information!
@Truther20013 жыл бұрын
Great interview. Should seriously look into his sinus issues.
@dougchance88914 жыл бұрын
Not fair to complain that the guy sounds as though he is speaking with a nasal problem- ie partially through his nose. Better that than 90% of UK MP's- and the unelected officials of the EU- who TALK OUT OF THEIR ARSES
@SALZOPYRIN4 жыл бұрын
DONALD TRUMP ENDORSED BREXIT PARTY...THAT GETS MY VOTE NOW AND IN ALL ELECTIONS. VOTE BREXIT .
@thomasm19644 жыл бұрын
This man speaks from experience of working deep within the European Commission. en.wikipedia.org/wiki/Bernard_Connolly
@johnnyblack21314 жыл бұрын
Hi from Wales in Brexit Britain the land of lies ✊
@BobanOrlovic8 жыл бұрын
"Anarcho-Imperial". Don't use words you don't know the meaning to, it's against progress.
@pebblepod305 жыл бұрын
Maybe he actually does. What do you think it means?
@PeterOzanne4 жыл бұрын
You're not making sense.
@poppet2294 жыл бұрын
All I keep hearing is a sniffer next to the filming it’s not very nice
@HB-bl5mn Жыл бұрын
Britannia Unchained = Tory's Kampf.
@thenewjohnnycashdontheiris85044 жыл бұрын
If the eu came up with a scary name then people will know lol. Nazis,axis of evil , Japan's kamakazzis. Etc. And death by sword and thousand lashes etc. So why don't they do this call the eu Darth collective. Lol
@stucrossland37194 жыл бұрын
The UK Column news has been saying this for years every week.Go check it out on KZfaq.
@singechamberlain29674 жыл бұрын
Anyone else read "Billy Connolly"?
@seangiblin7954 жыл бұрын
the nub of everything that is wrong wit the EU begins at 11;20
@michaelgerard1964 жыл бұрын
Wow, she's falling in love with her interviewee.
@lefrise54 жыл бұрын
Yeah. I was looking for a good argument and I didn't find it. What is "it"? Angela Merkel? How undemocratic.