The upper crust prefers ruling over ashes regardless of the cost. We hear about 'free markets' and all we see in Europe are gigantic companies in the hands of billionaires who fund politics and finance their operations with such debt levels banks are kept in check. This cast lives in its own bubble and believes the people will never rise up. History so far has shown otherwise. In the meantime non elected EU bureaucrats are transforming Europe in a new version of the Soviet Union resorting to threats and corruption on a daily basis.
I am in the U.S. and What you Describe Is Exactly What Is Also Going On In The United States, Starting With President Obama and Going to the Extreme Under the Biden, Harris Administration !! Biden Has Opened Our Countries Borders to Criminals, Rapists, Violent Gangs and Terrorists and they are Ruining Our Country From Within !! He Sent Billions To Iran Our Enemy !!! To Ukraine Which Most of the American People Do Not Support !! Biden Sold Our Oil Reserves, Needed for Our Military to CHINA !!! His Trillion Dollar Spending Is Ruining Our Economy and Putting the Future of Our Children In Tremendous "Debt" and Food Prices Have Sky Rocketed !! Stop All Oil Drilling in the US, By Increasing Regulations and Not Issuing Drilling Permits !! Biden Should Be Arrested For Treason to Our Country !! Under President Trump, Our Economy Was Great, Food prices were Half of what they are now, He Filled Our Oil Reserves and He increased Our Military !! Biden Lost Millions of Great, Experienced Military People By Issuing A Regulation that they All Must Be Vaccinated and Would Not Accept ANY Exceptions, For Religious Beliefs, Health, or Anything Else. We Need Trump In Office, Or Our Country Will Be Under Total Control of the Elite Marxist Democrats !!
When this man was at the head of the bank of Italy, he sold 450 tons of public gold bc gold does not give interests. It grows by about 10% a yr but that does not count. He then invested the proceeds in an american fund called long term capital management which then went belĺy up. He was then nominated at the head of the european bank!
Gold only gains value or loses value. It doesn't gain interest. Interest can be spent. It doesn't fund projects that will benefit the citizens that own the gold until it is sold.
@@svenhanson398this comment is very unclear to say the least however the comment above is also very confusing too. Until we stop to measure gold value in dollar term.
@svenhanson398 I agree that gold reserves do not benefit a country even if that gold reserve increases in value. It's just wasted as a reserve. I also agree that the investment was wrong and should be investigated for corruption. However if the proceeds of the sale of gold had been used for infrastructure projects, that would have been a wise use of the asset. Even personal gold, jewelry, or coins have no value until they are sold. Yes, they appreciate, but there is a difference between an asset appreciating and the value of it. If you can't spend it, it has no real value.
A good presentation, but he clearly ignores the elephant in the room. He fails to address how open door immigration policies have led to a dramatic increase in violent crime and have acted to suppress wages while putting a huge strain on health care and exacerbating an already severe affordable housing crisis.
Energy in the EU is 5x more expensive than in the USA or China. Ask UK INEOS or German BASF why they will move out of Europe.... More Draghi centralisation will result in more legislation and even higher costs for business. We need a smaller Brussels with far less legislation and back to a FEDERATION of States! Cheaper Energy by pushing Nuclear and reducing all Green Power which is far more expensive as a result of its internittency. Smaller Brussels with far les legislation to reduce significant cost from it.
How can that be since they sell it at 3 times the price to Europe now than what Europe was buying at before they blew up the pipeline. Is it subsidies by the US government keeping the price low or what? Because if that's the case it's not cheaper, it's just payed for in another way
So i just checked the data you are referring too. Its just true for Germany, England, Italy and Austria. There is also another funny statistic, while global energy costs have gone down for most countries starting in 2023, it's not true for the US. They are steadily increasing. Must be the green act, sorry the inflation reduction act. They will catch up with the rest of the "green" countries (and Italy) soon enough, just give them time. Funny enough France is at about half the cost of the other green countries. Guess that nuclear energy is paying off
Rather than racking your brain trying to figure out how it all went so very wrong... read the Protocols of the Learned Elders of Zion, the plan is all layed out there, the elephant in the room none of these bureaucrats dare to mention
Coal and steel market consolidation = clear benefits for all. Poor country joining EU = clear benefit for poor country. Big countries in EU = clout (though value for money is debated internally. Not big but rich country = pay through the nose and be given commandments by underwhelming Brussels bureacrats
Clueless if you think they are left wing, they are simply large state. Something even Mrs Thatcher managed. We probably agree about many aspects of the large state though.
@@l3eatalphal3eatalpha Well in reality they can be called left, when Christ resurrected He sat down at the right hand of the Father. These people are not of God, which is where the term "left" comes from. Left hand = Hidden hand = freemason
I live in italy. This man was nominated prime minister to implement anticonstitutional measures like the obligatory shot. He has no culture. Does not know History. Just executes the orders.
The trouble seems to be the economic policies are geared towards rewarding financiers profiting from speculative investment. Most people sense this acutely now no matter what rhetoric they use to complain about it.
Suspect there's been a massive growth in corporate lobbying and 'gifts' to politicians... Which has helped the stagnation... The maintenance of the status quo..
By definition an “elite” is elite precisely because they sit at the top of the current order. Why would someone willingly disrupt the current order when they are its biggest beneficiary? It’s completely understandable that change would be viewed negatively by those who benefit most from the status quo. The real question is why the democratic mechanism is failing to allow the non beneficiaries to change things
Because the average person isn't exactly wise/educated/intelligent. The question should be, why do we blindly support democracy, when it's clearly failing every single democratic country?
No job turnover since the 70's. Actually, we can go earlier than that, when in the 60's, big corporations took over farms, businesses (mom and pop shops), mines, grocery stores, etc etc, and utilized slave labour by 3rd world countries, then charged higher fees for their goods and wares, allowed those slave labourers to have access to our countries, gave them free education, health care, allowed them to provide labour for cash under the table, where they don't contribute to taxes, and then called us racist for wanting to stop the flow of cheap labour. The elite say the labourers are taken jobs that no one wants. In truth, they were providing such low fees for their services, that they took the average wage earner in these first world countries out of their employment. If a German white woman charges 60 Euro to clean a house, and she pays taxes on that, but a Portuguese immigrant charges 20 Euro to do the same job, but does it for cash under the table, guess what. The German will lose her job. But yet her taxes pay for all the benefits that this illegal labourer from Portugal is garnering. That's not racist, that's just bad housekeeping by the German gov't. The Portuguese gov'ts also don't want slave labourers pouring into their country from Africa or China, undermining the wages of their own people. None of these people on this panel have ever worked a real job.
Yes, it really is so bad. I strongly suggest Hungary, and the Mathias Corvinus Collegium and the Fidesz party with it, leave the EU at the earliest possible date in order to avoid further suffering. For everybody.
Interesting that he criticizes Draghi for not presenting anything new, but the speaker himself doesn't suggest anything new....just some vaguely neoliberal arguments with no specific examples.
Emulating the US sounds very naive, especially since the EU lacks creativity, education, and highly-skilled workers. Which is especially relevant when it comes to technology. The biggest technological export in the EU is cars, which isn't exactly innovative, and they're lagging behind even in that field, e.g., electric vehicles. Europe decided to spend it's resources on war rather than education, they still suffer from it to this very day, they won't stop suffering from it any time soon. Of course, robbing member states out of resources to benefit the very few ruling elites, reminds me of a very dark time in Europe -- that didn't change, either. Cultures do not change so quickly.
What school teaches the ideology of Draghi epic ignorance? Where is the best place to meat a smart European? America. Where is the best place to meat a smart American? China. Britain and Germany serves as a reminders that national greatness is fleeting (and non correlated to the food).
Not sure i fully agree with him on most of what he said but his has made some valid critiques mixed with nonsense. As much as he makes very interesting and valid critiques, he mixes in some non-intervention absolutism which is nothing promising and only guarantees a dangerous misguided approach.
Well, I wouldn't describe the green-shooting-on-the-foot policy as 'averse to risk and disruption'. It think it's much easier. It is about people getting very old and retaining power much longer after their brain stops being fully functional.
The upper crust prefers ruling over ashes regardless of the cost. We hear about 'free markets' and all we see in Europe are gigantic companies in the hands of billionaires who fund politics and finance their operations with such debt levels banks are kept in check. This cast lives in its own bubble and believes the people will never rise up. History so far has shown otherwise. In the meantime non elected EU bureaucrats are transforming Europe in a new version of the Soviet Union resorting to threats and corruption on a daily basis.
I am in the U.S. and What you Describe Is Exactly What Is Also Going On In The United States, Starting With President Obama and Going to the Extreme Under the Biden, Harris Administration !! Biden Has Opened Our Countries Borders to Criminals, Rapists, Violent Gangs and Terrorists and they are Ruining Our Country From Within !! He Sent Billions To Iran Our Enemy !!! To Ukraine Which Most of the American People Do Not Support !! Biden Sold Our Oil Reserves, Needed for Our Military to CHINA !!! His Trillion Dollar Spending Is Ruining Our Economy and Putting the Future of Our Children In Tremendous "Debt" and Food Prices Have Sky Rocketed !! Stop All Oil Drilling in the US, By Increasing Regulations and Not Issuing Drilling Permits !! Biden Should Be Arrested For Treason to Our Country !! Under President Trump, Our Economy Was Great, Food prices were Half of what they are now, He Filled Our Oil Reserves and He increased Our Military !! Biden Lost Millions of Great, Experienced Military People By Issuing A Regulation that they All Must Be Vaccinated and Would Not Accept ANY Exceptions, For Religious Beliefs, Health, or Anything Else. We Need Trump In Office, Or Our Country Will Be Under Total Control of the Elite Marxist Democrats !!
I concur !
Well said
He is Clear reps of Putin, focusing at Destroy, rather at Prepared for which he simply doesn't care
BS
When this man was at the head of the bank of Italy, he sold 450 tons of public gold bc gold does not give interests. It grows by about 10% a yr but that does not count. He then invested the proceeds in an american fund called long term capital management which then went belĺy up. He was then nominated at the head of the european bank!
Yes but he saved the very concept of Europe!
Gold only gains value or loses value. It doesn't gain interest. Interest can be spent. It doesn't fund projects that will benefit the citizens that own the gold until it is sold.
@@AlanMurphy-b4l So does that mean you agree with this man selling the gold and going into a US fund. That according to the comment went belly up.
@@svenhanson398this comment is very unclear to say the least however the comment above is also very confusing too. Until we stop to measure gold value in dollar term.
@svenhanson398 I agree that gold reserves do not benefit a country even if that gold reserve increases in value. It's just wasted as a reserve. I also agree that the investment was wrong and should be investigated for corruption. However if the proceeds of the sale of gold had been used for infrastructure projects, that would have been a wise use of the asset. Even personal gold, jewelry, or coins have no value until they are sold. Yes, they appreciate, but there is a difference between an asset appreciating and the value of it. If you can't spend it, it has no real value.
„Safety first” as a excuse for anti-growth policy on HIGHEST level of EU politics.
Exactly ! NO to public private "partner"ship - aka public paying for corporatism
Corporate welfare is fascism
As usual, more subsidies for the big corporations! And indeed no trust in the citizens.
We are the victims they use to bargin with the devil
A good presentation, but he clearly ignores the elephant in the room. He fails to address how open door immigration policies have led to a dramatic increase in violent crime and have acted to suppress wages while putting a huge strain on health care and exacerbating an already severe affordable housing crisis.
A Brit commenting about the direction of EU. What can possibly go wrong?
Energy in the EU is 5x more expensive than in the USA or China. Ask UK INEOS or German BASF why they will move out of Europe.... More Draghi centralisation will result in more legislation and even higher costs for business. We need a smaller Brussels with far less legislation and back to a FEDERATION of States! Cheaper Energy by pushing Nuclear and reducing all Green Power which is far more expensive as a result of its internittency. Smaller Brussels with far les legislation to reduce significant cost from it.
Confederation
How can that be since they sell it at 3 times the price to Europe now than what Europe was buying at before they blew up the pipeline. Is it subsidies by the US government keeping the price low or what? Because if that's the case it's not cheaper, it's just payed for in another way
So i just checked the data you are referring too. Its just true for Germany, England, Italy and Austria. There is also another funny statistic, while global energy costs have gone down for most countries starting in 2023, it's not true for the US. They are steadily increasing. Must be the green act, sorry the inflation reduction act. They will catch up with the rest of the "green" countries (and Italy) soon enough, just give them time. Funny enough France is at about half the cost of the other green countries. Guess that nuclear energy is paying off
Rather than racking your brain trying to figure out how it all went so very wrong... read the Protocols of the Learned Elders of Zion, the plan is all layed out there, the elephant in the room none of these bureaucrats dare to mention
Coal and steel market consolidation = clear benefits for all. Poor country joining EU = clear benefit for poor country. Big countries in EU = clout (though value for money is debated internally. Not big but rich country = pay through the nose and be given commandments by underwhelming Brussels bureacrats
More power, more money. Always the lefts answer to any issue.
Clueless if you think they are left wing, they are simply large state. Something even Mrs Thatcher managed. We probably agree about many aspects of the large state though.
@@l3eatalphal3eatalpha
Well in reality they can be called left, when Christ resurrected He sat down at the right hand of the Father. These people are not of God, which is where the term "left" comes from. Left hand = Hidden hand = freemason
Left, wow, you do know a thing and two about the economy, right.
@@svenhanson398everything eu is left wing. Lmao. Green policies, immigration etc. all left wing bull
Very smart man. Great speech. Well done
I live in italy. This man was nominated prime minister to implement anticonstitutional measures like the obligatory shot. He has no culture. Does not know History. Just executes the orders.
@@elisabethdemoreaudandoy478
"To learn who rules over you, find out who you cannot criticise." ~Voltaire
Government needs to hold innovators responsible for preventing or repairing degradation of the health of people from their innovations.
Draghi is clearly not human LOL
The trouble seems to be the economic policies are geared towards rewarding financiers profiting from speculative investment. Most people sense this acutely now no matter what rhetoric they use to complain about it.
Well, not only is the economy political but there is nothing more political than the economy . So, what is the point?
Suspect there's been a massive growth in corporate lobbying and 'gifts' to politicians... Which has helped the stagnation... The maintenance of the status quo..
By definition an “elite” is elite precisely because they sit at the top of the current order. Why would someone willingly disrupt the current order when they are its biggest beneficiary? It’s completely understandable that change would be viewed negatively by those who benefit most from the status quo.
The real question is why the democratic mechanism is failing to allow the non beneficiaries to change things
Because the average person isn't exactly wise/educated/intelligent. The question should be, why do we blindly support democracy, when it's clearly failing every single democratic country?
This is such a great approach!
It speak straight to my heart and mind.
They behave too badly
Outstanding analysis. Draghi is above all a politician.
No job turnover since the 70's. Actually, we can go earlier than that, when in the 60's, big corporations took over farms, businesses (mom and pop shops), mines, grocery stores, etc etc, and utilized slave labour by 3rd world countries, then charged higher fees for their goods and wares, allowed those slave labourers to have access to our countries, gave them free education, health care, allowed them to provide labour for cash under the table, where they don't contribute to taxes, and then called us racist for wanting to stop the flow of cheap labour. The elite say the labourers are taken jobs that no one wants. In truth, they were providing such low fees for their services, that they took the average wage earner in these first world countries out of their employment. If a German white woman charges 60 Euro to clean a house, and she pays taxes on that, but a Portuguese immigrant charges 20 Euro to do the same job, but does it for cash under the table, guess what. The German will lose her job. But yet her taxes pay for all the benefits that this illegal labourer from Portugal is garnering. That's not racist, that's just bad housekeeping by the German gov't. The Portuguese gov'ts also don't want slave labourers pouring into their country from Africa or China, undermining the wages of their own people. None of these people on this panel have ever worked a real job.
Thank you 🙏
Yes, it really is so bad. I strongly suggest Hungary, and the Mathias Corvinus Collegium and the Fidesz party with it, leave the EU at the earliest possible date in order to avoid further suffering. For everybody.
Why would you "emulate" dying economy as Draghi suggests? Why not emulate growing economies?
A growing economy like who? China.
Draghi ignored the elephant in the room, ENERGY!!!
Haven't read the report, but how does deregulation move the balance of power from sovereign states to EU?
😂 she can't tell me she hasnt heard of the plans of the WEF. " ... trying to be like America .. ." 🤣
She can't fool me into believing that.
Interesting that he criticizes Draghi for not presenting anything new, but the speaker himself doesn't suggest anything new....just some vaguely neoliberal arguments with no specific examples.
@danleemiller7313both neoliberal, at least he's honest
Get rid of the EU already. Why do you put up with this level of waste, corruption and out of control power.
Emulating the US sounds very naive, especially since the EU lacks creativity, education, and highly-skilled workers.
Which is especially relevant when it comes to technology.
The biggest technological export in the EU is cars, which isn't exactly innovative, and they're lagging behind even in that field, e.g., electric vehicles.
Europe decided to spend it's resources on war rather than education, they still suffer from it to this very day, they won't stop suffering from it any time soon.
Of course, robbing member states out of resources to benefit the very few ruling elites, reminds me of a very dark time in Europe -- that didn't change, either.
Cultures do not change so quickly.
ITALY HAS A 60-70% TAXATION. DRAGHI SHOULD KNOW.
ASKING WHY THERE IS SMALL PRODUCTIVITY IS PURE HYPOCRISY. ALSO VERY STUPID.
Bravo!
What school teaches the ideology of Draghi epic ignorance? Where is the best place to meat a smart European? America. Where is the best place to meat a smart American? China. Britain and Germany serves as a reminders that national greatness is fleeting (and non correlated to the food).
Not sure i fully agree with him on most of what he said but his has made some valid critiques mixed with nonsense. As much as he makes very interesting and valid critiques, he mixes in some non-intervention absolutism which is nothing promising and only guarantees a dangerous misguided approach.
Indeed when you need 400 pages to convey a message, you have nothing to say or is a liar, as someone wise said.
❤Europe can have 'free' zero point energy. FREE THE PATENTS!😊 you don't need to be like the US.
hear hear!
whatand what has an appalling britisher to say about the rudder of the E Union?
🙌👍
You sir are great at criticizing, but Draghi is still proposing something, a solution. You sir, are saying nothing.
Peak oil 🛢 👌
👍🎉
🎉🎉🎉🎉🎉
Well, I wouldn't describe the green-shooting-on-the-foot policy as 'averse to risk and disruption'. It think it's much easier. It is about people getting very old and retaining power much longer after their brain stops being fully functional.