United States sending $120 Billion to bail out Europe.

November 28, 2011 — bunkerville

OK, you do the math. While the British are vexing over the contribution they may have to pay to prop up the Socialist regimes in Europe, we will be sending $120 Billion since we cough up about 20 percent of the IMF. You can bet this is only the beginning.Pray tell, where is this money coming from? Who authorizes it. Check out the earlier post below this one, and I think we can catch on.:”Too big to fail”. Goldman Sachs post. You guessed it,  U,S, has already provided 20 Billion to bail out Europe

Reports in Italy suggested that the IMF is drawing up plans for a €600 billion (£517 billion) assistance package for the country. Spain may be offered access to IMF credit, rather than a rescue package, to avoid it being “picked off” by the markets in the coming weeks.

Any IMF involvement in European rescue packages would be partly underwritten by British taxpayers, which could leave this country liable if Italy and Spain did not repay any international loan.Full Story at the Telegraph

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E.U. spends half of its budget on ‘greener’ farm subsidies

October 12, 2011 — bunkerville

Who would have guessed about this little number? You think we are nuts? I really was looking for the story EU Child safety rules govern ballons and whistles.. outlawing them for the kiddies which I caught on Michael Savage.. but this story is so much richer. Pick your EU story. First:

And balloons aren’t the only target of the new toy safety regulations. The regs also crack down on popular stocking-stuffers and party favors like whistles and magnetic fishing games, the Telegraph reported

EU plans reforms for ‘greener’ farm subsidies

I feel so much better now about our country. Madness , total madness. And we should worry about the E.U.? We should worry about bailiing them out?

EU plans reforms for ‘greener’ farm subsidies

Believe this or not…. the E.U. spends half of its budget on subsidizing green farm subsidies.

The European Union has announced plans to reform its Common Agricultural Policy – its most expensive scheme, and one of the most controversial.

The CAP cost 58bn euros (£51bn; $80bn) last year – 47% of the whole EU budget.  

The Commission said the aim of the reforms was to “strengthen the competitiveness, sustainability and permanence of agriculture throughout the EU in order to secure for European citizens a healthy and high-quality source of food, preserve the environment and develop rural areas”.

It said the changes would gradually move rewards away from intensive farming to more sustainable practices.

The European Commission does not want to cut the budget, but change its priorities – including linking direct payments to environmental measures. More at  BBC

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