European financial encroachment

Am quickly flagging this lead article in today’s Telegraph Business section – UK banks could be shut down or forced into bail-outs by Brussels.  Bruno Waterfield’s comments about controversial ‘banking union’ proposals indicate that some developments may be worth keeping a watch on:

A panel of European officials would be given sweeping new powers to police the financial sector across the continent but also in the City of London.

They would be given “full decision-making powers” to impose EU law and to arbitrate disputes between Britain and the eurozone over the risks posed by British banks, according to the proposals being tabled on Wednesday at the European Commission. Decisions taken by the powerful body would be automatically binding unless Britain was able to win the unlikely backing of a majority and overturn themcontinued.

Am not going to comment any further as am simply flagging this important news, but I recollect the mighty dollar having become subservient to the European Union during the 2008 financial crisis (see Not many people know – pt 1):

The EU achieved this massive subrogation of American sovereignty the way it usually does, by negotiation, gradual bureaucratic encroachment and without asking voters if they approve… (Newsmax 19 Nov 2008)

[Financial journalist’s had their finger on the pulse, so I also quoted the august Financial Times Gideon Rachman’s comment And now for a world government. Let me stress, he dissociates himself completely from whacky conspiracy theories of the ranting right, or loony left – as herein.]

4 thoughts on “European financial encroachment

  1. Hello Richard, I am not sure you saw this post of mine or not.

    I had a dream, 04/01/2012, and in this dream, heard the words, “new world order“, being spoken. I then saw many leaders from many nations laying their swords down on a table where a man was seated dressed like a Roman General from the time of the Caesar’s . As each leader, representing their individual nations, laid his sword down, they gave up the right to defend themselves, their individual sovereignty as a nation, and their individuality as citizens of that nation each, including the nation he represented, would be citizens of the new world order. As each leader laid his sword down, the man seated at the table would write it down in a book. I remember asking the Lord how long before these things come to pass and He said, “Soon”.

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  2. Thanks Tony. I did and greatly appreciate your repeating it here. (There’s more if you dip into my NWO category and Finance tag.) The full implications of the article point the way towards that dream’s fulfilment. In particular I noted that the author reported this:
    Bill Cash, the Tory chairman of the House of Commons European scrutiny committee, said: “This must be vetoed as an imperative. We have reached the endgame (my emphasis). It is imperative that there is a vote on this in the House of Commons.”

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