Tag Archives: Brexit

Tragedy Can Be Beautiful Too, by Raúl Ilargi Meijer

The Brits have made a total hash of Brexit. From  at theautomaticearth.com:

I’ve had a few comments lately wondering why I’m against Brexit, while before the referendum I was not. Someone even remembered I had been talking about Beautiful Brexit back in 2016. It’s real simple. Brexit could be, or could have been, a good idea. There’s a lot wrong with the way the European Union is set up. There’s nothing democratic about Germany always having the last say when it comes to important decisions. Slaughtering the entire nation of Greece on the altar of saving Deutsche and Commerzbank says it all.

But Brexit today is not the same -anymore- as it was before or during the June 23 2016 vote. What happened is that nothing happened. The Brits wasted two whole years and change, and the complexity of the process never allowed for that kind of delay. There are many thousands of pages of EU rules and regulations that not only has the UK been bound by over the past 45 years, but that have shaped its own society.

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“An Unparalleled Economic & Political Crisis”: Brexit Optimism Collapses As Ministers Fear “Historic Catastrophe”, by Tyler Durden

The British government has made a complete mess of Brexit. From Tyler Durden at zerohedge.com:

“I have near zero optimism because I think it is going to be very messy,” warned one UK minister, speaking to Bloomberg on condition of anonymity. The prospects of getting an agreement are slim, the minister said. “If we crash out without a deal, it’s going to be a historic catastrophe.”

And he is not alone as the latest YouGov polls show 69% of Brits believe Brexit is going badly and the largest finger of blame for Brexit going badly is being pointed at the government. Two thirds (68%) of those who think Brexit is currently going badly say that it is the government’s fault. This includes three quarters who voted Remain (77%) and 58% of Leave voters.

Additionally, as TruePublica.org notes, with lots of talk of preparing for a no-deal Brexit, the possibilities of the Tory party completely disintegrating in 2019 becomes ever-more real. The electorate is now becoming very nervous of what Brexit may bring, given that the Conservatives have no idea themselves, which means it should be no surprise that Theresa May’s favorability score plummets to new low.

It should be noted that, as stated above, those turning against the Prime Minister appear to be Leave voters. The only truly amazing statistic about Theresa May is that at the summer recess – she’s still Prime Minister. And few would have bet on that at any odds just six months ago.

Perhaps even more ominously, for the first time ever, more people support a second referendum – 42% of Britons think there should be a referendum on the terms of the Brexit deal, 40% do not.

When Brexit talks resume in Brussels in mid-August, Bloomberg points out that British and European officials will have just 10 weeks to finalize the complex set of international negotiations before their October deadline. That’s because they need to leave time to ratify whatever agreement emerges in both the U.K. and European Parliaments before Britain exits the bloc on March 29 next year.

To continue reading: “An Unparalleled Economic & Political Crisis”: Brexit Optimism Collapses As Ministers Fear “Historic Catastrophe”

Gross Incompetence, by Raúl Ilargi Meijer

There is no easy or graceful exit for Great Britain from the EU. From Raúl Ilargi Meijer at theautomaticearth.com:

Here’s the lowdown: the EU’s single market mechanism dictates freedom of movement for labor, capital, services and goods. These are not divisible; you cannot have one without the other. Still, that’s precisely what Theresa May, again, is proposing. She basically wants to keep the UK in the single market for goods, and make other arrangements for the rest. The EU will not accept that because it could have 27 other countries coming with their own versions of single market à la carte.

So why does she come with version 826 of what she already knows will not be accepted? And why did her cabinet comply? There are a few possibilities. Perhaps May has finally understood that there is no manner of leaving the EU left to her that will not lead to utter disaster. Maybe she just wants the whole thing to stop. Or maybe Boris Johnson et al, sensing failure for May, see a chance to dethrone her and take over power. Then again, maybe they all look for a way to blame the EU for their own failures.

It’s hard to say, really. What’s obvious, through the comments of industries like Airbus and Jaguar Land Rover, is that 100,000s of jobs are at stake, along with 100s of billions of investments in Britain. Large enterprises are often branched out all through the EU, and they need to comply with EU rules; separate rules for their business with the UK would be a nightmare.

And even smaller companies, to varying degrees, face those same problems. For all you may think of the EU, it has arranged the single market strictly and successfully. There are enormous advantages for companies in that. Take those away and they will look at relocating towards the continent, where they would regain those advantages.

There appear to be three options (and May’s plan is not one of them): a hard Brexit, new elections, or no Brexit at all.

To continue reading:  Gross Incompetence

EU “Empire” Plans to Grow Even Bigger Despite Brexit, Difficulties Keeping Eastern Members in Check, by Don Quijones

It’s a curious thing about big, failing organizations. They often strive to get even bigger. From Don Quijones at wolfstreet.com:

The “Non-Imperial Empire”

In 2007, just before the EU’s growth pains began, then European Commission president (and now non-executive chairman of Goldman Sachs International and advisor to Goldman Sachs) Jose Manuel Barroso proudly proclaimed the EU to be the world’s first ever humanitarian empire. Asked by a journalist what kind of a structure the 28-nation bloc is, Mr Barroso said:

“We are a very special construction unique in the history of mankind. Sometimes I like to compare the EU as a creation to the organisation of empire. We have the dimension of empire.”

Whereas superstate empires of old were built on military conquest, the EU empire is built on voluntary pooling of power, Barroso gushed. “What we have is the first non-imperial empire.”

In a similar vein Guy Verhofstadt, the European Parliament’s Brexit negotiator, recently urged the EU to become an “empire of the good and not of the bad” in a speech at the London School of Economics.

Whether imperial or not, good or bad, the EU empire, like all empires before it, has an insatiable thirst for expansion. The bloc’s last major enlargement was in 2004 when ten countries acceded, including seven from the former Eastern bloc (Poland, Czech Republic, Slovakia, Hungary, Estonia, Latvia and Lithuania), one from the former Yugoslavia (Slovenia), and two Mediterranean islands (Malta and Cyrpus), bringing the total number of EU Member States from 15 to 25. Since then only three new countries have joined, Romania and Bulgaria in 2007 and Croatia in 2013.

Now, instead of growing, the EU could be about to shrink for the first time in its history. If the UK government actually follows through on Brexit — a big “IF” that grows bigger by the day as pressure rises on the government to hold a second referendum on continued membership of the EU — the number of EU Member States will slip from 28 to 27 while the bloc’s population will shrink by 65 million, over one-tenth of its total.

To continue reading: EU “Empire” Plans to Grow Even Bigger Despite Brexit, Difficulties Keeping Eastern Members in Check

Tories Trump Python, by Raúl Ilargi Meijer

Ever notice how the phrase, “You can’t make this stuff up” has become almost a cliché? Maybe it’s not because the phrase got overused, but because society, especially government, grows increasingly idiotic, so idiotic, it strains the limits of credulity. From Raúl Ilargi Meijer at theautomaticearth.com:

There can be little doubt that the British, in general, have a sense of humor. And that’s perhaps the lens through which we should view the country these days. After all, what other options do we have? A comment yesterday to a Guardian article sums up the situation quite perfectly in just a few words (note: Dignitas has something to do with assisted dying):

Brexit is rapidly becoming like someone who booked a trip to Dignitas when they were told they were dying and has now been told there’s a cure. But they’re going to Switzerland anyway, because they can’t face dealing with Ryanair’s customer service team.

There are two main British political parties, Tories and Labour, which fight each other whenever and wherever they can. Moreover, each party has several camps that fight each other even more, if at all possible. The George W.- friendly Tony Blair Orchestra in the Labour Party seems to have lost out to the actually left-wing Jeremy Corbynistas for now, but they won’t give up without a fight (power is their only hobby). Blair is still commenting from the sidelines on Corbyn’s perceived follies while his faithful lament about how their Tone was misled by 43 into bombing Iraq.

The Tories have gone full-monty Monty Python. John Cleese et al must feel at least a pang of jealousy. 40 Tory MPs have allegedly gathered to demand for PM Theresa May to quit. A whole bunch of both Labour and Tory lawmakers threaten to tackle her over not allowing them a vote in any Brexit deal (which for now is entirely hypothetical). Other voices across party lines demand the resignation -or sacking- of foreign not-so-very-ministerial Boris Johnson.

One Tory MP, the Rt. Hon. John Redwood MP, who’s also Chief Global Strategist for Charles Stanley, wrote an op-ed in the FT telling investors to pull their money out of the UK. You can’t make that kind of stuff up. Or you can, but no-one would believe a word. The Python crew would have never made a dime if they had started out today, because life in Britain has now seriously trumped art. When the other guys are funnier without even trying, maybe comedy’s not your thing.

To continue reading: Tories Trump Python

Nigel Farage: “This Is The Clearest Proof Yet That The Great Brexit Betrayal Is Under Way”

Somehow the snakes who rule Great Britain, of the same species as the snakes who run America, will figure out a way to nullify Brexit. From Nigel Farage at telegraph.co.uk via zerohedge.com:

Theresa May is now the EU’s Stepford Wife: subservient and submissive to their every whim

So there we have it. Theresa May does not believe in Brexit. In an interview with Iain Dale on LBC, she completely collapsed, proving incapable of answering the question of how would she vote if there was a referendum now. She simply would not answer if she would support Leave.

Everyone listening to that interview knows that the reality is that May is still a Remainer. I don’t believe it’s possible to carry out this great, historic change against a huge amount of international criticism unless you truly believe in it. Nor, as it happens, does May: in a speech on June 1 she herself said: “To deliver Brexit you have to believe it”. This is the clearest proof yet that the Great Brexit Betrayal is under way.

It is only the latest piece of evidence in a whole procession. On Monday we also found out that Boris Johnson – supposedly Brexit’s loudest cheerleader in the Cabinet – has bottled it. Last month the Foreign Secretary stated in print his demand that the UK must leave the wretched European Court of Justice (ECJ) on Day One of our exit from the EU in March 2019. But then folded like a cheap suit by backing to the hilt Theresa May’s House of Commons Brexit statement – a speech which was itself further confirmation of the great betrayal.

This came to light in her answer to the rapier-like question from Jacob Rees-Mogg MP, in which she said that the UK will still be bound by ECJ rulings during the Brexit transition period, Jacob looked somewhat deflated by this answer. She also would not deny that any new EU laws would be applicable to us, simply trying to ignore the question by saying it was ‘highly unlikely’ this this would occur.

During her parliamentary address, May admitted to MPs that Britain will still be bound by the ECJ’s rulings during the Brexit transition period, currently set to end in 2021. Not only that, but she suggested this country will also have to accept any new EU laws which are dreamt up in Brussels during this time.

To continue reading: Nigel Farage: “This Is The Clearest Proof Yet That The Great Brexit Betrayal Is Under Way”

 

Three Cheers For MEP Dan Hannan: Why Not A Better Brexit Deal For Everyone? by Mike “Mish” Shedlock

Free trade benefits any nation that adopts it, regardless of whether or not any other nation does. From Mike “Mish” Shedlock at mishtalk.com:

The EU values political correctness more than jobs.

The result was a collapse in support for Angela Merkel, and the rise of AfD and FDP in Germany. Let’s not forget Marine Le Pen in France, Beppe Grillo in Italy, and the far right in Austria.

For the sake of political correctness, the EU is bound and determined to punish the UK for Brexit even though new studies suggest that a Hard Brexit Will hurt the EU More Than Britain.

The European Union will lose more than twice as many jobs as Britain after a hard Brexit, research by one of the world’s leading universities found as tough UK-EU divorce talks begin in Brussels.

Hard Brexit describes what will happen if the UK and EU fail to reach a divorce deal by 29 March 2019. Britain would revert to WTO tariffs on imports and exports to and from the EU rather than the zero tariffs afforded by membership of the bloc.

The return of tariffs to goods and services would cost 526,830 British jobs and 1.209 million jobs in the remaining 27 EU member states, according to researchers at Belgium’s University of Leuven, one of the top 50 global universities. The damage would lead to a 4.48% drop in UK GDP and 1.54% in EU GDP, researchers found.


Free Trade Benefits

As I have pointed out previously, a free trade agreement can fit on a napkin. Her is my proposal once again: “Effective immediately all subsidies and tariffs cease regardless of what any other nation does.”

The first nation that adopts that policy will see an enormous economic benefit.

Very few people fully understand free trade. Even fewer politicians understand free trade. One of the few who does understand is British MP Daniel J Hannon.

In a Telegraph Op-Ed Hannan writes By embracing free trade, we can use Brexit to make everyone better off.

To continue reading: Three Cheers For MEP Dan Hannan: Why Not A Better Brexit Deal For Everyone?