On February 27, 2010, this Saturday, the very first British Tea Party will be held in the hometown of the inimitable Mr. Daniel Hannan, MEP. Mr. Hannan will speak at the event, and a rousing speech it is sure to be! Let’s wish him well and welcome UK tea partiers to the club of disaffected taxpayers the world over. As the conservative Mr. Hannan explains on his most excellent blog:
“Labour has raised more than a trillion pounds in additional taxation since 1997. Yet, unbelievably, Gordon Brown has still managed to run up a deficit of 12.6 per cent of GDP (Greece’s is 12.7 per cent). A far lower level of taxation brought Americans out in spontaneous protest last year.”
I can’t wait to see how many turn out. The eloquent Mr. Hannan is in fine company, with another pack of erstwhile British patriots–our beloved Founders.
Will Queen Elisabeth listen better than did King George?
Yet another George–the opposite of a British patriot–Mr. George Soros is up to his old tricks:
“Some heavyweight hedge funds have launched large bearish bets against the euro in moves that are reminiscent of the trading action at the height of the U.S. financial crisis. The big bets are emerging amid gatherings such as an exclusive ‘idea dinner’ earlier this month that included hedge-fund titans SAC Capital Advisors LP and Soros Fund Management LLC. During the dinner, hosted by a boutique investment bank at a private townhouse in Manhattan, a small group of all-star hedge-fund managers argued that the euro is likely to fall to ‘parity’—or equal on an exchange basis—with the dollar, people close to the situation say.”
Hoping to make a killing by tanking the currency of yet-another political entity. Read more at:
If the link doesn’t work, the story’s at the Wall Street Journal online.