Lady Margaret Thatcher was well-known throughout the free world for her fierce conservatism and her opposition to the “Evil Empire,” two noble qualities that separated her from the rest of her U.K. colleagues.

But did you know that she also had some frighteningly accurate economic predictions?

In her two autobiographies, “The Downing Street Years” and “The Path To Power,” she wrote about how she planned to argue against the EMU (Economic and Monetary Union), the Telegraph’s Peter Oborne notes.

In her anti-EMU arguments, as Business Insider’s Joe Weisenthal and Rob Wile point out, Thatcher “outlined the problems with the euro perfectly, that Germany would chafe at the inevitable need for greater inflation, and that the poorer countries would inevitably be uncompetitive and need bailouts that would not easily be forthcoming.”

In short, Thatcher predicted the EU as it exists at this moment.

Here’s the paragraph from “The Path To Power” where she discusses inflation and competitiveness:

Talking to various Labour people earlier this week, I was struck by the return of the party’s perennial worry: what to do about the concerns of skilled working-class voters on issues like immigration, crime and welfare.

From the backbenches to the Shadow Cabinet, there are people who worry that Labour under Ed Miliband doesn’t have the same grip on those voters that it did under Tony Blair. Even people who support Ed M, think he’s doing a good job and admire his work on cost-of-living issues privately confess to concerns here.

That sounds perfect to me with UKIP holding the balancing vote.

Neither pro nor anti.
Whilst UKIP is a lot of things they are not the answer to govern our Country.