Nigel Farage on the Fall of Europe


Nigel Farage never elicits a neutral reaction…ever. His brutally honest remarks inspire either love or hate – kind of like country music, calvados or the Kardashians.

Even here, inside the Daily Reckoning brain trust, Farage produces a spilt reaction. One of your editors thinks Farage is the cat’s meow; the other editor thinks he’s the cat’s litter box. So one thing is clear; neutrality is not an option.

Farage, leader of the UK Independent Party, is a very outspoken advocate of small-to-no government, which makes him a very outspoken critic of the European Union. Farage is not an anarchist, but he would like to see the European Union wither up and blow away so that the nations of Europe could reclaim their political and economic sovereignty.

Late last week, Farage sat down with Lauren Lyster, the witty and engaging anchor of Russian TV’s Capital Account, to discuss his anti-eurozone perspective. (One of your editor’s loved it; the other, not so much).

As they launch into the interview, Lyster notes that Farage’s comments and interviews often “go viral” on the Internet. The reason is obvious, she says. ‘There’s a bull market for the truth. There’s a bull market for getting past the B.S. and the rhetoric.’

Farage clearly delivers a perspective that ‘gets past the B.S.,’ but not without utilizing his own brand of rhetoric.

‘One of the ironies of the European project,’ Farage remarked last time we featured his comments in the Daily Reckoning, ‘is that this project that was set up to make us all love each other is actually beginning to make us hate each other… Far from Europe coming together, Europe is being torn apart and we are risking stirring up the very kind of nationalisms that the project was supposed to stop in the first place.’

This time around, Farage takes his scorn for the Eurozone and kicks it up a notch. ‘I think that anybody who looks at economics from a fundamental perspective is going to say, “This eurozone should never have been put together the way that it has been and that, frankly, it can’t last.” The only question is how long can the agony go on for.’

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