Without trade deals, how is China still the biggest trading nation in the world?
In the 11th century, William The Conqueror (from Normandy, France) occupied England and instituted the feudal system. While much of the population became as serfs to nobles, the Jews he brought with him were exempted. Like Jews in ancient Palestine, Jews got themselves exempted from the law of the land. Jews became direct subjects of the King. By the 13th century, Jews had ruined their welcome. As traditional moneylenders (Christians were forbidden by their religion to charge interest), they were not particularly liked by the people. There were many accusations of ritual murder in which children were found murdered, often drained of all blood from their bodies. Some of these children are still worshiped as saints in many parts of Europe. Some 350 years later, Jews were formally allowed back into England by Oliver Cromwell, who had beheaded the King Charles and instituted a military dictatorship. While Cromwell’s complaint was that Charles had ignored the Parliament, he ruled more or less like a king without a formal crown on his head. Under Cromwell’s “Commonwealth”, the feudal system remained intact. Jews continued to charge high interest and squeezed out competitors in various trades. Some nobles may have changed but as a class their wealth and privileges continued.
Coming to recent times, the EU has grown into a lumbering overarching bureaucratic state. Bit by bit member states have had to cede their sovereignty to the mandarins in Brussels, Belgium. Members states had to give up everything – from jobs to control over trade and immigration. But the EU left royal families, nobility and landed gentry untouched. They would be anachronism if EU had to proceed further as a real super-state.
Although UK was a member of the EU, it had not ceded all of its sovereignty. It continued to have its own currency – the Sterling Pound, and did not have to follow many EU conventions. As an internationalist, the Prime Minister of UK, David Cameron wanted to UK to subsume into the EU. In this, he faced opposition from the old guard in his party, whose loyalties lie with the royalty and the upper class of British society.
To bypass opponents in the Conservative Party and go ahead with full EU integration, Cameron called for a referendum – the Brexit. A pal of his, Boris Johnson, seems to have been given the task of preventing the likes of Nigel Farage of UKIP (UK Independence Party) from hijacking the Brexit Leave vote. During the run-up to the vote, a known supporter of Palestinians and unfortunately a supporter of the Remain campaign was, let’s say, sacrificed for maximum advantage. (In France or Turkey, there is always a terrorist attack whenever the politicians in power are not doing well in the popularity charts.) To make matters worse, YouGov published a poll in which weeks of Leave campaign advantage was reversed and the Remain campaign was shown as in the lead. This was the reason why voter turnout was high.
Given such high turnout, the writing was on the wall. But the globalists had to show that Remain campaign was not in a minority. Hence the final tally showed a difference of just a few percentage points.
If the Leave camp was in a minority, then the turnout would have been low. The television images of rapefugees from Middle East and boat people from Africa had created indelible impression that UK and the EU was under an invasion. Instead of stopping the influx, German government were getting them to stay. As it became clear that Germany would not stop refugees, millions of illegal migrants started invading the borders of the borderless EU states. These illegals were everywhere – inside bus stations, railway stations and highways. When they were stopped, they started attacking. In Germany, Sweden and other countries, rapefugees started mounting sexual assaults on women. Instead of arresting them, authorities wanted citizens to take precautions. Churches were asked to remove the crosses when refugees were housed in them. Citizens living in state housing complexes were asked to leave to make way for refugees. Near the English Channel, illegal immigrants had stopped trains, trucks and other traffic.
The alien invasion came at a time of financial turmoil in EU states. EU integration and free trade had destroyed the manufacturing base of these countries. Countless factories and businesses had shut down. Jobs had become. Housing and education was becoming more and more expensive by the day. Despite all that, anyone opposing the illegal migration was immediately branded as a Nazi. Politicians and journalists were making bold-faced lies about the alien invasion and its response. It seemed that system had failed. The referendum captured a revolt in the making.
Is it the end of the world now? Hang yourself if you want!
Before the refrendum, everyone from the Janet Yellen to the EU to the IMF was claiming that Brexit would be catastrophic. After the refrendum, nothing happened. Sure, stockmarkets crashed but they are still trading higher than the week before.
Will Brexit be bad for the UK? UK is broke. It can’t get out with the EU as a millstone around its neck.
No. Britain was not a full member of the EU. It continues to have its own currency, which trades freely in the market.
Despite the fact that EU regulations are already like mountains, the group is still in its infancy. EU member states still have national parliaments and are sovereign states.
The globalists initially sold the public that the EU was just a common market for goods. Over time, the customs union was followed by a common bureaucracy, powerless common parliament, a common currency, common regulations, common court…
In recent years, EU states have been suffering from financial turmoil. It was caused by poor lending practices, low interest rates and unpayable private/public debt. With the common currency, national governments were unable to guide their economies.
The solution to the financial turmoil in EU, as suggested by the globalist kleptocrats, was now a common fiscal union. A fiscal union means national parliaments are obsolete and no longer in control of their budgets. With each crisis, the kleptocrats have showed no sign of slacking. They were moving the EU super-state project even further. UK was facing doom in the EU, as are other remaining state within the union. The EU bureacracy already operates in an opaque manner. The total secrecy with which the Transatlantic Trade and Investment Partnership (TTIP) treaty was being negotiated is proof. In the US, the kleptocrats were guiding the American government on similar lines with the Trans-Pacific Partnership (TPP). Even as the American public and legislators were denied access to the draft and minutes of the negotiations, US president Obama claimed that his country (and not China) would be writing the rules of international trade. (In India, Modi government has put Nirmal Sitharam on a similar secret deal called Regional Comprehensive Economic Partnership (RCEP) with Asian and Oceanic countries. The EU is part of a larger World Government project and Modi is a small pawn in it. Because Indian media is clueless about TPP and TPIP, there is no media discussion on the ill effects of RCEP. Instead, they are loudly agonizing over a useless NSG membership.)
How can UK trade without trade deals? Trade without trade deals is free trade!
Nations should be able to regulate their trade. Trade deals are bondage agreements. UK does not need trade deals to trade in goods or services. The biggest trading nation in the world is China. It has a huge pool of slave labour and it is destroying manufacturing nations all around the world without any fancy trade deal.
Many European countries like Norway and Switzerland already trade with EU states without enjoying the “benefits” of being a EU state.
Will not Brexit affect stockmarkets? Not any more wobbly than it is already!
The effects of Brexit will not be immediate. Cameron has delayed Brexit until October when he resigns. The new Prime Minister has two years time after that to negotiate the exit. UK can sign new trade deals with individual EU nations if it wants to. EU leaders say they want a quick UK exit but they will try to make it difficult for the UK to exit and will make it a long-drawn-out process, lest it encourage other nations to leave.
If other EU nations do not provide duty-free access to UK exports, then UK can impose duties on their exports too. This will also help restarting the manufacturing base in the UK while shoring up revenues for the government. EU needs the UK more than UK needs Europe.
Will not Scotland want to leave? Sturgeon is a Merkel!
Earlier, I would have liked Scotland to leave the UK. Now, I don’t. Small nations are easier to exploit. What happened in Iceland and Greece are good examples. If Scotland wants to leave Great Britain be part of the EU, it will be like exchanging one master for another. Sturgeon is a Merkel in disguise, put in there like Boris Johnson for a purpose.
How can you trade the Brexit
Just how stupid were those billion dollar bets based on the last minute YouGov opinion poll! It clearly shows that pundits in the media and the markets are totally clueless when it comes manipulation of events.
Stockmarkets have become extremely sentiment-driven. They are like a cat on a wall. However, thanks to quantitative easing, a lot of government money has come into the stockmarket. It will not return unless interest rates are hiked.
Only if China stops buying US treasuries or Saudi Arabia wants to bill crude oil in other currencies than the US dollar will stockmarkets collapse as a whole in the immediate term.
Over the long term, massive corporate debt defaults are looming the US, where companies have borrowed from the market to buyback equity, which have boosted share prices. This will cause a slow downturn in the Dow. If it gets ugly, purchases of US treasuries by other central banks cannot be justified. US government will have to then devalue its currency or default on some of it debt, as I have already predicted.
You should have already bought gold as a hedge against all bad news. Stocks with good EPS and ROCE can be picked. Stocks that have run up like crazy should be avoided.
The bottom-line is that trade deals are not needed for UK to be trading. It was the unfree trade that was destroying UK businesses (the steel industry, for example). Even if other countries leave the EU, so much the better. Only when national governments have full control over their economies, can manufacturing for internal consumption (rather than exports) be able to provide enough jobs and create lasting prosperity.