spaman

Americans Are Strongly Opposed to the North American Union

This can only be a good thing if Americans can build up a resistance now to the union before it is all done and dusted...

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...good luck Mr Smorsky


My BLOG Anti-EU

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The Bear

The US is in almost as deep trouble as Britain.

The level of foreign debt is simply absurd which means that other countries have the US by the short and curlies as by holding so much US currency and US debt a country such as China can bring the US to its knees at a cost significantly less than the cost of a “hot” war and without a shot being fired.

When the number of key and even strategic US businesses that are now either owned, partially owned, or financed by foreign backers are considered the picture gets even worse for the US.

At least the US does have a huge export capability which is what Britain now totally lacks and can never regain.

On the down side for the US much of that export capability is dependent on oil, especially agriculture, so the oil weapon can not be dismissed either.

All in all just as Britain needs the EU FAR more than the EU needs Britain so the US needs the North American Union FAR more than Canada or Mexico do.

In fact if Canada and Mexico pulled in some of the South American countries, especially Brazil, they might do far better by keeping the US OUT.

We are moving into interesting times.

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I am an old man. I have eaten much salt.

British-Conservatism

Britain could save tens of billions just buy ending foreign aid, ending immigration, abolishing all pee cee non-jobs, ending PFI and bringing British troops home.
This would put us in surplus.

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Smidgey

Not for decades (maybe even a century). The enormity of our debt is greatly underestimated.

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How vain is man, who boasts in fight the valour of gigantic might!

-Georg Friedrich Händel

British-Conservatism

A yearly surplus could be acheived within 2 years.
With the surplus the choice would then be either pay off debt or invest which would mean buying large shares in various PLC's thus increasing our revenue.

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British-Conservatism

An earlier millennium Treasury comparative best practice study suggests potential savings of 35% are possible, with an additional 17% if public service investment was as efficient as the private sector. With no increase in taxes this could eventually release £266 billion per year (£409 million per day, at 2007 prices) to the UK "front line"

National debt could be cleared within a decade.

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The Bear

The balance of trade imbalance last year was around £56 BILLION pounds, that is we imported that much more than we exported, and those exports were including invisibles and tourist earnings.

We presently have a foreign debt standing at around 6 TRILLION pounds.

We are second in the WORLD in the debtors league, second only to the US, and they have natural resources they can flog.

We don’t.

We only have around 25 BILLION quid of liquid reserves.

Since we owe so very much as it is then it is reasonable to state that we actually have NO reserves.

Although I fully support ending all foreign aid, a sum that stands at around 6 BILLION quid pa, unless we seriously address our trade imbalance (which is getting worse due to effective devaluation and increases in the essentials of life we must import) there’s not a snowballs chance in hell of surviving without full “joined at the hip” membership with the EU, including full membership with the ECB, and soon.

We really are in deep deep trouble.

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I am an old man. I have eaten much salt.

Hunter

Last year, the Government borrowed £38 billion. £31 billion was used to pay of interest charges on the debt. Any householder knows the futility of borrowing to pay off debts. It only increases the debt.

BTW. Of the remaining 38 billion, most of it was sent overseas as foreign aid.....

So in effect we're borrowing money to give to someone else. What the hell is this Government playing at????

British-Conservatism

Of course you will realise the EU all so has a huge trade deficit, debt level and over spend.
All growing with no hope of changing it.

EU

Public debt € 7,240.8 billion
(58.7% of GDP) (2007)

Public deficit € 109.5 billion
(-0.9% of GDP) (2007)

Expenditure € 5,648.6 billion (2007)

Revenue € 5,537.6 billion (2007)

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British-Conservatism

Some other nice figures for you.

These are the official Eurostat figuresfor GDP, as of 21 April 2007.


European Union 12,172,536 24,800 100%

1 Germany € 2,340,372 28,400 115%
2 United Kingdom 1,847,105 29,300 119%
3 France € 1,744,444 27,200 110%
4 Italy € 1,500,475 25,200 102%
5 Spain € 1,121,961 25,900 105%
6 Poland 631,833 16,600 69%
7 Netherlands € 530,564 32,600 132%
8 Belgium € 319,867 29,700 120%
9 Sweden 274,499 30,700 126%
10 Austria € 264,472 31,800 129%
11 Greece € 246,671 24,400 98%
12 Romania 221,348 10,000 40%
13 Czech Republic 207,174 20,200 82%
14 Portugal € 190,882 18,300 74%
15 Denmark 171,298 30,900 124%
16 Hungary 166,031 15,900 64%
17 Ireland € 157,070 36,200 147%
18 Finland € 153,595 29,400 120%
19 Slovakia 88,602 17,000 69%
20 Bulgaria 72,872 9,400 38%
21 Lithuania 50,241 14,900 61%
22 Slovenia € 44,040 22,400 90%
23 Latvia 33,630 14,400 61%
24 Luxembourg € 31,376 70,400 285%
25 Estonia 23,919 17,800 72%
26 Cyprus € 17,773 22,800 92%
27 Malta € 7,824 19,200 77%

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