Donate to UKIP: www.ukip.org | www.ukipmeps.org • European Parliament, Strasbourg, 23 May 2012 • Speaker Godfrey Bloom MEP, UKIP (Yorkshire & Lincolnshire), Europe of Freedom and Democracy (EFD) group – www.godfreybloommep.co.uk • Debate Common system for taxing financial transactions Report: Anni Podimata (A7-0154/2012): www.europarl.europa.eu – Report on the proposal for a Council directive on a common system of financial transaction tax and amending Directive 2008/7/EC – [COM(2011)0594 - C7-0355/2011 - 2011/0261(CNS)] (Committee on Economic and Monetary Affairs) – ‘Bluecard’ question: Vladimír MA?KA (Slovakia), Socialists group Transcript: “A Financial Transaction Tax sounds like a really good idea, doesn’t it, it plays well politically. And we can hit those greedy bankers who we all hate in public, while we shovel money into their pockets in private. But I don’t think it’s quite going to work out that way. All taxes are passed on to customers at the end of the day. Sorry everybody, that’s just how it works. So again it will be the little people that will pick up the tab. It’ll be savers, it’ll be pensioners and ordinary folk that pick up this tax, not the greedy, fat-cat bankers that you’re trying to get at. And it’s interesting, is it not, also if you look in the small print, they’re saying some of the money raised can actually go towards, perhaps, saving future failed banks. So we know, we concede, do we not, that more banks are going to fail. And we know this …
Video Rating: 4 / 5
1 dislike?? i wonder if it was baroso or van rumpouy
keep your? flat pack money well said UKIP
Laughed at flat packed furniture? from Sweden. Rofl.
Britain is Insolvent……
Scotland wants to leave the UK…
Just wait and see… if EU goes? down, UK is next in line.
IMPORTANT INFO at 2:46 WOW!! Someone other than Ron Paul admitting the? truth? I like this dude
Nice one Mr Bloom, glad to see someone is batting for Britain and? common sense.
from the look on their faces i am starting to wonder if someone in there actually knows what fractional reserve system really? means …
Keep it Up -? UKIP!
When I borrow from the banks they what (quite rightly) 40% LTV that’s to say if I want a100k to buy something they say? we’ll give you 60 you need 40. However they have been leveraging at 99% this is the lit fuse. Sovereign debt is the bomb.
full reserve banking is not a 100% backed gold system. It’s a system 100% backed by government issued fiat money. Check “Positive Money” for? more info on that reform.
‘let the banks? who fail go bust’ : this is exactly what he suggests ! Ending fractional reserve banking is promoting a monetary reform of full reserve banking; a system where banks can go bust without consequences on depositors. Check Positive Money’s web site for more info on that reform.
ODIOUS DEBT.?
i think he meant it as a rhetorical question, but? you’re right, they are clueless.
Was this man talking about the ? U.S. Federal Reserve or what? Sounds like they are going under. Good luck Europe, we will be next.
don’t get religious about politics, reason has no representatives. if there was an easy fix to this problem, it would have already been solved. the money to gold policy didn’t work either, it lead to deflation. There is no monetary? model that we know of that can support the behavior of human economies.
finally: someone who also thinks Ikea is dreadful!
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now seriously: I enjoyed it when Mr. Bloom stood up containing his rage and answered
«errrr… no, the problem we have IS…»
they don’t have a clue about what they’re doing, have they?? are they ACTUALLY? THAT stupid, or do they just pretend it??!! #$#/?!!
Like? a sir.
Another hero stands up to? the banks and complicit politicians
well said.?
what I like better about Bloom is that he talks about the central banks and the fractional reserve banking while I don’t really hear Farage talking about this. Anyway the UKIP is the voice of sanity amongst a bunch of idiots. Sadly we can only dream in Germany about such a party. We have one? , but they don’t even touch 1%, but, to be fair, they are still new (2009).
I want to hear Mr Farage go after the bank of England abit more like this. ?
Godfrey Bloom,? LIKE THE BOSS!
I am from Slovenia. I would? vote for that guy.
only if credit misallocated, no? I subscribe to a more decentralised banking system where growing regions could have credit expansion.. exchange rates with other regions would keep it in check and not take out the whole global economy when a bust occurs… Freedom and stuff. It’s? a hayekian view of things where we can’t before hand if it really is a bubble or not… if properly allocated then no bust due to asset prices keeping their value..but yeah, too much leverage can be problem
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