The British government is reportedly considering martial law and other extreme measures to quell the mayhem as violent riots, fires, looting, and destruction continue to spread across the United Kingdom. Meanwhile, citizens in some areas have started banding together to protect homes and businesses.
If a country wishes to save its taxpayers some money, it should enact stiff immigration laws. That’s the conclusion of a report from the Danish Integration Ministry, according to Spiegel Online.
Denmark has imposed tough measures to stem the flow of Third World immigrants, and those stricter laws have saved the taxpayers about $10 billion during the past decade. The country now boasts the strictest controls in the European Union. Though the Eurocrat left has voiced opposition to the tighter controls, conservatives believe that Denmark is in better shape than most countries that have been overrun by immigrants, many of whom join the welfare rolls and commit crimes.
The problems of European public debt reach beyond the borders of the nations that cannot pay their bills. The meltdown of the Greek economy, which is prompted by the sovereign debt crisis, is affecting banks throughout Europe. On August 5, the Royal Bank of Scotland announced that it suffered a net loss in the first half of this year in the amount of £1.4 billion due to its exposure from the struggling Greek economy.
As fears over global markets grow, the European Central Bank (ECB) signaled that it would start buying more European-government bonds in an effort to prop up the economies and governments of beleaguered nations and the region as a whole. In other words, it will print even more money to temporarily bail out reckless regimes drowning in debt.
As U.S. politicians scramble to defend themselves against raising the federal government’s astronomical debt to an even higher level, Americans may be seeing the reflection of their own future in the grim picture of insolvency across Europe.