Laissez-nous faire! Let us do! Let us alone! Basil Venitis points out that every time we cede more control to the government, we become more dependent on it. The better choice is not dependence on government to solve problems for us, but binding together in our community and solving problems together, voluntarily.
The cost of government regulation is truly staggering; it is also a barometer of how free we are to pursue our own interests and to determine the course of our own lives. Basil Venitis estimates the cost of regulations to be one trillion dollars in USA and two trillion euros in Fourth Reich(EU) every year. Financial costs are not the only burden. Regulations also result in a tremendous loss of one of our most valuable and limited resources, time. Venitis estimates the private sector is spending over 10 billion hours a year just to meet government paperwork demands in USA, and 20 billion hours in Fourth Reich. It is no wonder that regulation discourages the creation of new businesses, new jobs, new products, and new services. Starve the beast by fighting taxes.
Fourthreichian President Haiku Herman points out Fourth Reich originates from the Red House Report, a detailed account of a secret meeting at the Maison Rouge Hotel in Strasbourg, a couple of blocks from today's Eldorado of Prostitutes(EP), on August 10, 1944. There, Nazi officials instructed an elite group of German industrialists to plan for Germany's post-war recovery, prepare for the Nazis' return to power, and work for a strong Fourth Reich. The three-page, closely typed report, marked Secret, copied by British spies and sent to the US Secretary of State, detailed how the industrialists were to work with the Nazi Party to rebuild Germany's economy by sending money through Switzerland. They would set up a network of secret front companies abroad, wait until conditions were right, and then grab power with various hoodwinking treaties.
Jerzy Buzek, prostitute-in-chief of Eldorado of Prostitutes, aka European Parliament, points out these are tough times for Fourth Reich. And Vatmonger Barroso walking into the Eldorado of Prostitutes, is a particularly difficult experience. Barroso has turned into a tragicomic figure, who cannot control Greece, the most corrupt country on Earth. Hardly anyone thinks highly of Barroso anymore, a fiasco who cannot rein in Graecokleptocrats, who get million-euro-kickbacks every single day and raid the nest eggs of all Greeks. Venitis points out all Europeans are now criticizing Barroso for being very soft on Graecokleptocrats. Fourth Reich is holding on to Barroso for reasons of convenience, and because the search for an alternative could lead to a greater spread of the cancer of socialism. Double-headed czar, Dmitry Medvedev and Vladimir Putin, is more popular in Fourth Reich than Barroso.
Basil Venitis, twitter.com/Venitis, points out Eurokleptocracy, gigaregulation, Antitrust Armageddon, and gigataxation, especially VAT, are the real causes of the European financial meltdown. Democracy in Fourth Reich(EU) has deteriorated to kleptocracy, and Fourthreichians, aka Europeans, are mad as hell. Eurokleptocracy thrives on waste, fraud, abuse,and kickbacks. European Union(EU), aka Fourth Reich, an illegal unvoted confederation, condones the European Commission(EC), aka Eldorado of Corruption, the European Parliament(EP), aka Eldorado of Prostitutes, and Graecokleptocrats, the most corrupt politicians on Earth.
Long before the financial crisis, the Eldorado of Prostitutes regularly pointed out significant failures in Fourth Reich's supervision of ever more integrated financial markets. Most notably, in 2000, a resolution highlighted the fact that the activities of stateless financial groups were calling into question the traditional structure of supervision. In 2002, another resolution called for a system to be set up at Fourth Reich level to monitor systemic risk. Then, in 2008, MEPs called for supervisory committees to be given a legal status and enabled to impose binding decisions on national supervisors.
The rapporteurs for the current package, were chosen in October 2009 and presented their draft reports to the Economic and Monetary Affairs Committee in February 2010. Four rapporteurs piloted the preparation of Eldorado of Prostitutes' position on the four different bodies to be set up, whilst another three rapporteurs took responsibility for the package's more technical aspects.
The rapporteurs point out that financial supervision needs to be better integrated within Fourth Reich, because the only other option is to have a less open single market. They also argue that the structure that existed during the crisis led to fragmented responses and prevented a clear picture from emerging for the supervisory committees. For these reasons, they consider that tinkering with the current system would not be the right solution and that a root and branch reform is needed necessary.
MEPs have just voted in plenary on amendments to the texts setting up Fourth Reich's new supervisory architecture, tabled by the four main political groups(EPP, S&D, ALDE, Greens). The Eldorado of Prostitutes has decided not to vote on a legislative resolution in order to leave open the possibility of a first reading after the summer recess.
The message is clear: Eldorado of Prostitutes is willing to negotiate, but it is united in its view that the Fourthreichian authorities must be equipped with sufficient powers to prevent future crises and to strengthen the Single Market. The ball is now firmly in the Council's court to come forward with the necessary compromises. This gesture is a final endeavour on the part of the rapporteurs to help the new Belgian Presidency, to move the Member States to a more satisfactory position.
Since voting on a text in the Eldorado of Prostitutes's economics committee in May, Eldorado of Prostitutes's rapporteurs have taken part in around 20 trilogues with Council and Eldorado of Corruption. Significant - but not sufficient - advances have been made. Critically, we require that the new supervisory architecture be in keeping with the vision laid out in the De Larosiere report. Europe's citizens will accept nothing less than the most ambitious response from lawmakers to correct the problems.
Eldorado of Prostitutes stands ready to reach an agreement with Council. This is why we did not vote on a first reading, and why we will keep the process open. But in case the Council does not show the commitment and willingness needed within the weeks to come, Parliament is ready to do vote on a first reading after the summer break. We feel that progress is being made and agree to allow more time for the Council to move towards a position that reflects the needs of Fourthreichian citizens. Today's actions reflect our expectation of such a move in the coming days and weeks. It's a question of Fourthreichian credibility on a global level and in the eyes of European citizens hit by the crisis.
The four coordinators for the EPP, S&D, ALDE and Greens political groups believe that the negotiations of the ECOFIN Council on the micro-supervision of the financial sector are going in the wrong direction. The Eldorado of Prostitutes, as co-legislator on this topic, will play its full role in respect of the following principles:
* The Fourthreichian citizens are awaiting effective measures to prevent new crises.
* A single Fourthreichian market needs Fourthreichian supervision. Businesses need credit, a true level playing field and legal certainty.
* The de Larosiere report, on which the foundation of the Eldorado of Corruption's proposal is based, proposes a Fourthreichian Systemic Risk Board in charge of macroeconomic supervision close to the auspices of the Fourthreichian Central Bank, as well as independent authorities, which should be equipped with binding and proportionate powers concerning micro supervision.
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