On August 9^th, Janusz Lewandowski, the commissioner in charge of the EU's £116bn budget, announced he intends to press for a new EU tax. Yes, that is exercising the power of taxation that the European Commission was given in the Lisbon Treaty, remember, that treaty that didn't affect sovereignty in any way!!! Let me spell this out. This gives the EU power to tax us without our puppet Westminster government being involved or able to say yea or ney.

 

The offending Article is that "I can do anything I want", Article 311:

 

'The Union shall provide itself with the means necessary to attain its objectives and carry through its policies.'

 

I seem to remember that we fought some war back in 1776 over taxation without representation, but on the wrong side that time.

 

As usual, the highly informed Mary Ellen Synon has the details.

 

She says:

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It was an academic exercise on the Euro, that I carried out some 15 years ago, that introduced me to the horrors of the EU Government. Up to that point I had thought that the idea of a single European currency was a good one, no more exchanging currencies at the border, and industries could trade with ease. Suddenly I realised that this was nothing more than a political concept, aimed at tying countries together into a political union. As Mary Ellen Synon says in The Daily Mail, April 20^th, "Euroland: ‘sick men shackled'";

"The problem is, north-central Europe is made up of over-competitive exporters who don't like to spend money at home. Club Med is a load of uncompetitive countries which are having their income sapped by being tied in a single currency link with north-central Europe. That means Club Med members can't devalue their currency to sharpen their competitiveness. These two halves of the Continent are locked together, each keeping the other from advancing: sick men shackled."

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Did I really hear Prime Minister Brown announce this on the radio today?

With populations of 303,824,640 (July 2008 est.) for the USA, and 60,943,912 (July 2008 est.) for the UK, that is $2,741.46 for each man woman and child in the USA and UK. Send your cheques payable to The Obama/Gordo coalition, care of Main Street Bank, Cayman islands.

 

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Five foreign bankers used to meet on a Saturday night in The Scotsman Pub, for a drink. For fun, they started gambling on the weekly value of sterling by betting £100 each on the value of the pound, against the dollar.

Gordon, the Landlord, agreed to hold the £500 for the bankers, until the next Friday night, when they would come in, order a drink and wait in eager anticipation to find out who had won. Gordon checked the close of play money markets, brought out their bets and the banker closest to the value of the pound, took the £500 cash. He then had to buy something extravagant on Saturday morning and show the others on Saturday night, in the pub.

The first week, the Canadian banker won. He bought a solid gold pen with which to sign checks, and showed the others on Saturday night. They thought that this was grand, gambled their £100s again, and waited until the next Friday.

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You know we are in a mess when even the European Commission points it out

This is the title of article on the autumn finances from The Web Site of the European Commission

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THE UNITED KINGDOM

Budget deficit and debt spiral as economy contracts

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