UKIP Leader Nigel Farage Says "Get Your Money Out of Spain While You’ve Still Got a Chan

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Published : March 25th, 2013
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Category : Crisis Watch

UK Independence Party (UKIP) leader Nigel Farage makes the same common sense plea that I have been stating for some time. Farage says "Get Your Money Out of Spain While You’ve Still Got a Chance".

The UK Independence Party leader said that the European Union had “crossed a line” by trying to extract funds from savers under the terms of the abandoned Cypriot bail-out.

Mr Farage said: “Even I didn’t think that they would stoop to actually stealing money from people’s bank accounts.

“There is going to be a big flight of money and that flight of money won’t just be from Cyprus, it will be from the other eurozone countries, too. There are 750,000 British people who own properties, or who live, many of them in retirement, down in Spain.

“Now that we see the EU are prepared to resort to anything to keep alive their failing euro project, our advice to expats living down in the Mediterranean must be, 'Get your money out of there while you’ve still got a chance’.”
Surge in Support for UKIP

The latest poll shows Ukip only 10 points behind Tories.
The Conservatives and Liberal Democrats have suffered a double blow as Nigel Farage's UK independence party soared to 17% in the latest Opinium/Observer poll, and a large majority of voters have said they believe coalition economic policies are harming the country.

Labour has dipped by 2% to 39% – also a likely victim of the UKIP bounce – while the Tories are down by the same amount to 27%, one of their lowest ratings of recent years.



The personal ratings of the leaders of the three main parties in parliament have all dropped, with David Cameron's having fallen by 8 points in two weeks from -18% to -26%. That of Labour leader Ed Miliband has dropped 5 points in a fortnight to -20% while Nick Clegg's rating has crashed a further 7 points from -46% to an alarming -53%.

But the findings on the economy will reverberate most at Westminster. Just 20% of all voters now believe the government's economic policies have been beneficial to the economy, against 58% who say they have been harmful.
Let's hope there is a run on Spanish banks. The sooner this mad experiment in the eurozone ends, the better.

Mike "Mish" Shedlock
http://globaleconomicanalysis.blogspot.com 
Data and Statistics for these countries : Cyprus | Spain | All
Gold and Silver Prices for these countries : Cyprus | Spain | All
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Mish 13 abonnés
Mike Shedlock / Mish is a registered investment advisor representative for SitkaPacific Capital Management. He writes a global economics blog which has commentary 5-7 times a week. He also writes for the Daily Reckoning, Whiskey & Gunpowder, and has over 80 magazine and book cover credits. Visit http://www.sitkapacific.com
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"Let's hope there is a run on Spanish banks. The sooner this mad experiment in the eurozone ends, the better. "

Many of us already understand inevitability, but to desire sooner than later is sado-masochistic. The counter-party risks infer massive wealth destruction for everyone everywhere that isn't already living at stone-age level. I truly doubt that there is anyone that can fully grasp the on-coming level of collateral damage.

Perhaps your preparations are complete, but I'm relatively certain there are many who could use just a bit more time. You don't develop the soon to be needed skill-sets by reading an e-book. You need time to develop the skill and your confidence.

I would prefer that this gets drawn out a bit longer. I was a boy scout long ago. I would like to "be prepared" just a bit more. Aw crap let's face it, a lot more.

Latest comment posted for this article
"Let's hope there is a run on Spanish banks. The sooner this mad experiment in the eurozone ends, the better. " Many of us already understand inevitability, but to desire sooner than later is sado-masochistic. The counter-party risks infer massive wealt  Read more
overtheedge - 3/25/2013 at 3:16 PM GMT
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