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Is Europe America’s Next Bailout?
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European Parliament Member Nigel Farage explains how America could end up on the hook for Europe's bailout
- Duration 3:58
- Date Dec 13, 2011
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European Parliament Member Nigel Farage explains how America could end up on the hook for Europe's bailout
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President Obama now has a great to -- on his hands one of many -- thanks to Europe Wall Street analysts believe we're heading deeper into a Great Recession.
Just in time for that -- -- twelve election.
Since a lousy economy here is bad for president Obama's reelection in the White House is busy trying to find ways to prop up of -- people the European socialists.
Since his options are limited the president is blaming Europe for his economic failures here at home.
Our next guest is on the battle lines against European socialism -- -- anybody was.
And he's worried.
Unelected bureaucrats -- both sides of the Atlantic Ocean was stop at nothing to hold on to power Nigel barrage.
A conservative member of the European Parliament joins us now Nigel it's -- -- welcome back to freedom watch.
Thank you very much what what what is the biggest worry that the average American voters should have that the president of the United States and some of his socialist buddies in Europe might do in the next couple of months.
What we've got this project will be right where they tried to take very different economy is.
I'm forced them together into while the economic and monetary union not surprising vehicles is -- -- Because Greece and Portugal and -- spying.
Possibly Italy to do not -- it in the same economic straitjacket that Germany -- state.
-- what you guys are doing about the -- is not telling you that's.
Is that you while pumping potentially tens of billions of dollars through the Washington based -- -- -- Into a bite out from.
That says to these indebted countries you come pay your debts of the moment so what we're gonna do -- to -- you receive a more moderate.
So you -- -- in this up till next as well I I would.
Even suggest it might be worse than you have described it Nigel because you you are doing -- a very gentlemanly way the congress of the United States.
Gave the secretary of the treasury was an economic -- crackpot.
A check for a hundred billion dollars it could very -- be putting that.
Into the I am FM we wouldn't even know it does the IMF doesn't even have to tell us how they spend the money in my right.
What I tried it and how to do remember that that whatever the IMF does spend all of this loopy project.
Trying to support currency that is gonna -- in the end anyway.
Remember that -- 18% to about money.
Comes from you guys in the states and -- -- I feel.
But America has got involved with propping up this ridiculous failing project without any democratic debate taking place in Washington -- -- Your prime minister David Cameron.
Has -- as it basically said to the Europeans Europe's problems belong to Europe don't look to us to help you.
But he's under some pressure from some of the elites in Great Britain even some in his own party who want Great Britain to send even more.
Of them -- the millions of pounds a day and already sends to the socialists in Europe what do you say to mr.
Cameron when he -- that.
Well they mr.
Cameron did resist last Friday because they put in front of -- A totally impossible set of the mountains so we said -- to us being part of this -- treats a but well we -- today in Britain is with still part of a union but costs us fifty million pounds a day.
With still part of -- union that make 75%.
Of all -- We still part of a union that is bad for business that is bad for enterprise that is bad for ambition I what I say to mr.
Cameron is look.
You know we've stopped now this -- he in the middle.
The halfway house we now have the worst of all worlds where these institutions.
These people who clearly -- just now we've seen that today in the Europe they've -- relevant.
Can now dictate what happens to las what we need is a referendum so that we can break free of this whole -- Get back to -- you are you want to call you were all.
So part of a union that is bad for personal freedom.
National barrage it's a pleasure thank you very much for joining us thank you the TSA --