Brexit . . . and No World Ending!

Brexit photo

I am an eternal optimist but recently the news has been so negatively contrived as to deprive me of any inspiration whatsoever. However, a ray of light is at last shining through.

Two months have elapsed since Brexit and it would appear that the ‘End of the World’ heralded by the ‘experts’ as ‘Financial Armageddon’ and ‘The Economic Meltdown of Britain’, just hasn’t happened.

Here we are today and very little has changed. By that I mean that the corrupt global financial system is still functioning, after a fashion and the stock markets leaps to new highs that are underpinned by the nirvana of Neoliberalism – unlimited debt – instead of a more solid reality of economic growth through increased production and jobs.

“Have the ‘experts’ got it wrong againis now the cry? These people were as much ‘experts’ as you and I on the subject of the EU and Brexit, because neither have ever been tried before and so where is the learning and experience to make such facile judgements.

These ‘experts’ are people who have studied their specialist subjects and then sold that knowledge to the highest bidder, to support the propaganda of vested interest intent upon pursuing their agenda of a controlled unification of Europe.

This was the tactic used in 2008 to dupe us into being robbed of the money we have invested in providing Society with its essential support infrastructure for healthcare, education, benefits and pensions etc. We were not as aware then as we are now of the manipulative agenda of ‘Austerity’ and debt that has consumed us.

The fact that nothing changed after the bailout, indeed the banks have become more brazen in their abusive money lending and gambling, is now leading to another collapse that not only includes subprime mortgages but subprime car loans, to further feed the disaster.

Unsustainable debt is bringing large corporations to bankruptcy in ever growing numbers and political credibility, or lack of it, is demanding new leaders who care about people and Society in general, rather than profit and greed.

We are certainly seeing this across Europe, with new populist parties growing evermore popular and the likes of Bernie Saunders maintaining a strong voice in America, in spite of no longer being in the running for the Presidency.

What is so blatantly obvious, with Brussels move to try and become a ‘champion’ of social mobility and reduced inequality in its latest moves, is that they are not motivated by a care of the people but simply to try and counter the credibility of increasing numbers of populist movements that they may hold onto power.

Now we have the notorious TPP trade deal possibly ending, as France and Germany voice opposition to its implementation. I would argue that Brexit has made a serious contribution to this radical change of heart from the EU establishment, who previously just ignored the mass protest of the people. THAT IS TRUE DEMOCRACY AT WORK!

Not only that but Hollande and Merkel need desperately to win back favour with their electors if they are to stand any chance of being re-elected next year. (Isn’t it funny how we hear little of ‘clown Junckers’ at present. What a low profile he has adopted!)

If we then add to this the fact that Britain is bouncing back from the over reactions to Brexit, with manufacturing at a 10 month high in August  and UK business in general regaining its confidence after the post Brexit panic the pre-Referendum threats have been laid to waste.

Unlike Greece, who were easily cowered by vested interest, which has now reduced them to almost 21st century serfdom, the UK is the 5th largest economy in the world and in far greater demand by other trading nations. Although we have a way to go, it is obvious now that Brussels has had its wings clipped by Brexit and the arrogance that was inherent in their actions has now all but disappeared.

It is for this reason that I voted for Brexit. Not to break up the EU but to break the power of Brussels and return democracy to European affairs. Whilst France and Germany seek dominance over Europe, they have now scored so many own goals that we shall see how much longer the other members tolerate devastating mistakes such as immigration and negative interest rates.

We are in testing times, where the agenda of the few has taken a severe knock from which it may not recover, given public sentiment towards growing democratic abuses. Brexit could well be the catalyst that ignites a greater desire for freedom from autocratic rule, as it is seen across the world that we continue to maintain confidence in our future. A future we will have so much more control over and one that more nations may want to emulate.

Until the next time.

 

Thinking from his Book: Global Magna Carta. Returning Power to the 99% . . . If They Want It! By J T Coombes

UK Trade with the EU – The Reality

I’m struggling to find interesting things to write about at the moment and so this is a rant.

I look at the US Presidential soap opera elections and simply cannot comprehend how an entrepreneur, who wants to run his country and the world as a business and a publicly denounced warmonger are the prime candidates for the most powerful job in the world.

The whole situation is exacerbated by a media that is incapable of reporting the truth, or topics that will generate a useful debate that also might help the electorate to feel included . . . if indeed they want to be.

On this side of the pond things are not much better, as Labour tries to re-establish its fundamentals as a socialist party and is being torn apart by its neoliberal past masters who care little about its future, or the damage they are causing.

Then we have our own media dancing around the important stories of the day, with loaded paranoia at every opportunity about the damage Brexit has done to our future. And these negative efforts are further boosted by government and commerce bringing out all of their dirty washing, in the shape of austerity and job losses, which they gratefully blame on our leaving the EU.

The fact that we haven’t actually left yet is not a point of consideration, nor that world trade is falling off a cliff, not because of Brexit but because of debt and greed. Corporate sales are continuing to fall, as are profits, which mean falling tax revenues for governments.

So, having bailed out the banks, government is now bailing out business with cheap loans, which are not being used to invest in business but to buy back shares and buy out the competition, all of which is a short term stab at keeping up share prices. This has been going on for a long time before Brexit and can only end in tears as corporate bankruptcies accelerate through the sheer implausibility of what they are now doing.

Staying in the EU would not have changed by one iota the financial collapse that is now taking place and which only a 180-degree turn in business and government integrity can halt. By breaking free of the political and financial disaster, which is the present Brussels driven EU, we can forge a new future for Britain by becoming masters of our own destiny.

By changing our focus on our trading position to one of global, rather than European trade, there is no limit to what we cannot achieve with the right leadership. And before anyone says this is rubbish, they might not be aware that this has already been the trend over the last 17 years!

Our trading with the EU has been going down as our trading with the rest of the world has been increasing, which this Office of National Statistics chart shows quite clearly:

Exports of goods from the UK to EU and non-EU countries as a percentage of all UK exported goods

Trade Graph

“In 2015 UK goods exports to non-EU countries were valued at £151 billion, compared with exports to the EU, which was £134 billion.

The drop in demand coincides with a dip in the economic fortunes in the euro area in 2012 and highlights weaker demand growth in the EU markets and much stronger demand growth in the non-EU markets.” Source:  UK Balance of Payments: The Pink Book 2016

Our trading rewards for being a member of the EU have been reducing, whilst we remain one of the highest subscribing members of this inefficient club. I am sure this chart has nothing to do with business to business activity but the interference of Brussels, with its endless flood of regulations and red tape.

If, as this chart indicates, we can trade healthily with the rest of the world, then we certainly don’t need to take any stick from Brussels now. Indeed, other European countries still want to trade with us because we are a profitable trading entity and that is all that counts.

I can see the present trend of seeking new trade agreements becoming the norm, as our European friends increasingly seek to trade with us without the interference of Brussels. It will be the making of a new trading base for European countries, who see the original purpose of the EU as commerce and not the political/currency union that has now been foisted upon them and is crippling them.

All of this is something our media do not want to talk about or create public debate on. It would drive a coach and horses through the neoliberal agenda of US foreign policy and global financial consolidation that is now being attempted.

Statistics like these from ONS are the reality of what is going on in the world today and the sooner we become more aware of them the sooner we can justifiably demand change and give ourselves a sense of value and purpose again. The reality is we are trendsetters, not pariahs, and I have no doubt that time will show this to be the case.

Until the next time

 

Thinking from his Book: Global Magna Carta. Returning Power to the 99% . . . If They Want It! By J T Coombes