Commenting on the incredible circle-jerk that Europe (sovereign-to-banking-system) has become, the outspoken UKIP MEP Nigel Farage exclaimed to FOX Business in this best-ever-rant clip that "The whole thing is a giant Ponzi scheme, isn't it?"

Goaded somewhat by the interviewer's questions citing Barroso's intimation that the US is to blame for Europe's problems, Farage opines that "Barroso is a deluded idiot" and a communist who supported Chairman Mao. The contagion effect from the US financial crisis did have impacts on Europe, there is no doubt, but as the frustrated Farage notes: the reason the Euro is in the state it is in is that they put together a completely artificial currency with countries that never fitted together on top of which was added a regulatory cost burden through excess regulation on the environment and employment legislation that is driving parts of Europe towards being a third world country; "America, you are not to blame".

The clip goes on to discuss the circular bailout fantasy, the taxpayer burden leading to a democratic revolution, and at the end of the day "this whole thing is going bust" as the likable libertarian notes that European leaders believe that "well-educated bureaucrats know better than we the poor peasants how best our lives should be led" which is the same path that led to the economic and social crash-and-burn in the Soviet Union.

An Epic Rant...

Farage On Barroso: "He's A Deluded Communist Idiot" | ZeroHedge

...loved that guy

How Europe is assuring its own doom. Nigel Farage and Peter Schiff - How Europe is assuring its own doom. Nigel Farage and Peter Schiff break it down. - YouTube

I think calling Barroso a Communist, is an insult to communism. I think people like Farage throw that term out WAY too loosely. Barroso was a communist back when General Francisco Franco ( who is still dead ) was running Spain and some other regime was running Portugal. I think Barroso is just a corrupt politician now.

I think Farage really hates Barroso. There was some scandal a while back with a Greek company. UKIP is a small party that has never won a seat in the house of commons, and needs to get attention. They used to be Euroskeptics, now they seem to have moved to be more of a right wing party.

Barroso blamed the Euro crisis on the US. Dunno what he was thinking. The only thing he can blame the US on is that the Euro crisis came to a head earlier because of the US credit crunch, and that would be a good thing. It would have happened, just a matter of when, not if.