Guidance for the Brexit Undecided - Go Back to Sleep

Great Britain, for tens of hundreds of years, has had an ever developing political, cultural, social and legal stability. So why do we need to tether our successful independence and sovereignty to the for-ever variable hotchpotch member states of the EU?

People who do not wish for this nation to be just a part of the EU still wish for the EU to be successful, strong, united and enduring.  We just do not want to be, or believe we need to be, a part of it.

If you are not sure already - not already 100% clear in your thinking - I strongly advocate you simply abstain from voting. Leave the matter to those with a clarity of conviction. If you are not already up to speed you are sleeping and a danger to our nation.

This matter has been progressing for fifty years, it is not about current issues, talking points, short term outcomes. It is about the sovereignty, prosperity and security of our nation. It is about who rules us. It is about the freedom of the British people long into the future.

Remain a United Kingdom - Kiss EU Goodbye

What are you worried about, Dear Remmenents, what? Economic predictions, guesses, assumptions, estimates, opinions for the effect our nation's exit will somehow cause. Well my prediction, my guess, my assumption, my estimate, my opinion is that it will be all for the better and in the long term I am truly confident of that. But such matters not are the primary to me.

I want freedom, independence, autonomy, I want the established balance of the political and legislative system, that has been developed, tuned and worked so well in this country for so very long, to REMAIN. I am not voting to EXIT I am voting for this nation, to my mind the greatest mix of people and social system in the history of the world, to remain, remain a sovereign entity.

Even the language is false. Remain is the language of security, safety, ease. Exit is the language of fear, risk, the unknown. These are the choice of words that a Kafkaesque government would want to frame the question to err the minds of the gullible and pliant towards their version of 'truth'.

And such petty fears, of the remmenents, are just as simplistically formed by others too. Remmenents busy themselves with questions of business, finance and commercial interests when what should be foremost in their minds is enduring freedom. What poses the greatest risk? Being a part of a new, still forming state comprised from a hotchpotch of countries who have seen more shifting of boarders and powers in a hundred years than Britain has seen in ten thousand. If they want safety they are misguided as to the real nature of the real threat. The real risk.

It is not about short term prosperity it is about long term freedom.

The Suffocation of Economic Central Control

Centralised control, whether 'the state' acting as if the market or, ostensibly, the 'market' acting as if 'the state', fails (as does tickling yourself fail to raise a chuckle).  What central 'control' is supposed to do is 'sense and react' and therein lays the two fundamental problems:

1/. the input is always going to be faulty (how can such a system be sensitive enough, accurate enough, smart enough to take account of every permutation)?
2/. the output is always going to be faulty (how can such a system be reactive enough, delicate enough, effective enough to take account of every permutation)?

And that does not take account of the two secondary problems, (problems that would remain even if the system of centralised control, be it faux market or state, did not suffer from the two fundamental problems):

a/. the centralised control is always going to attempt to manipulate the market by way of attempting to provide favourable conditions bias to suit its own agenda
b/. the faulty outputs and bias manipulation of the centralised control will distort the market away from the form it would otherwise naturally be drawn to.

Centralised control treats the economy as though it is one big thing and that then all the micro commercial activities will feed from that initiative, as if little piranhas swarming onto whatever gigantic carcass has been fed to them.  That may be fine for feeding identical fish but the economy is rightly comprised of totally disparate elements - it is an ultimately diverse ecosystem.

The great thing about diverse ecosystems is that, left alone, they manage themselves.  There is still a form of centralised control of economies but that is because: each and every element of the whole is a self regulating economy in itself.  The effect of each element, free to act in its own best self interest, is that a system of each element's independent economy acts upon a plethora of spontaneous and autonomous sub-economies to effectively create a whole.

It is not only imposable to replicate or replace the effectiveness of this type of system, it is unnecessary to try (unless the intention of influencing is for one sub-economy to do so in order to attempt to change the whole for reasons of self-interest).  It is unnecessary to try to replicate a system of sub-economies because: since the sub-economy system is so refined and reactive it cannot be bettered for servicing the interests of the sub-economy system as a whole.

There is no such thing as 'the economy', it is just a conceptual idea to explain the 'system of sub-economies' as a whole, just as there is not such thing as a forest, that is just a word for the conceptual idea of many trees, plants, animals living together in one place, symbiotically acting as a if a whole too.

The Generation of a Generation's Debt.

The problem is the bankers have their losses underwritten by taxpayers. There will always be imprudent lending decisions whilst bankers usurp the authority of the state in this way.  If bankers did not have this safety net would they have lent anything to Greece in the first place - of cause not.

And this is far from over. Once all the world's banking systems and nations are fully propped-up with debt, interest rates will start to rise to the point that then the only payments will be interest, never making inroads onto the capital sum. The state is used to milk the taxpayer to meet the banker's never-ending interest charges for debts they created in the first place by vast imprudent lending.

And yet where does the money these international bankers lend come from. How come they have reserves so colossal they can make loans the major nations of the world cannot put-together themselves?
It is that these international bankers control almost all the world's central banks (not Syria's or Iran's though surprise surprise) so they actually are the ones 'creating' the money. These 'privately' operated central banks use the ability that should belong to the nation states of people of the world and then lend that money they create for nothing at interest paid to themselves.

It is a sick system that is constantly draining the abundance of the world away from humanity and perpetuating poverty instead.

The only good thing is usually the bulk of this sort of debt is generated by war.

Nose on your face

One thing is for sure: the EU € EURO single currency either was or was not created by fools. The EURO member nation states do not have the economic control mechanisms to prevent the occurrence - it is a car-park on a cliff full of cars with no handbrakes!

If we generously consider the EU economists were not all blithering idiots it must have been clear to them the current situation was indeed ultimately inevitable. In other-words this path to economic failure was deliberately planned.

WHY? The objective of the EU is, and always has been, ever deeper political integration, to dismantle the national sovereignty of the nation member states and build a federal EU soviet state. The EURO was one step to that goal but did not give the EU total control of the member-state’s economies - that would have been a ‘bridge too far’ at the time of establishing the currency.

So instead a deaf-ear was turned to those who proclaimed the eventual outcome could only be economic meltdown. Not because they were not right in the assertion but because this was actually the covert intention.

I am rather taken with the following video which goes far into explaining so much of what has happened to the EU economy:



- just for fun!

New Open Europe briefing: What will the Irish bail-out actually solve?

22 November 2010  Open Europe
The Irish government yesterday announced that it would seek a bail-out from the EU and the IMF amid concerns over Ireland's banks and public finances.
Open Europe has today published a briefing looking at the different bail-out options on the table, arguing that none of them will solve the fundamental problems of either Ireland or the eurozone as a whole - although they can buy Ireland valuable time.

Open Europe's Director Mats Persson said:
"The real problem Ireland and other weaker eurozone economies are facing is how to regain competitiveness once stuck inside a monetary union, without the option of currency devaluation at their disposal. Temporary loans or stricter budget rules will do very little to solve this problem."

"A healthy Irish economy is clearly in the UK's interests but while there's a case for granting bilateral assistance to Ireland, any involvement in an EU-led bail-out completely lacks democratic legitimacy in the UK, particularly as such a bailout is legally questionable in the first place."

"In the absence of regained growth and competitiveness in Ireland and elsewhere, Britain will remain exposed to shaky eurozone economies and the single currency's inherent flaws in future. The UK government should now design an economic policy which assumes that the eurozone is unsustainable and work with EU partners to find a more viable monetary arrangement for Europe."

To read the briefing click here: http://www.openeurope.org.uk/research/irelandbailout.pdf

Key points
· Ireland's problems - while owing to several factors - have been locked in by the loss of competitiveness arising from its EMU membership. Since joining the eurozone, Ireland has lost over 27% in competitiveness relative to Germany, according to some measures. In many ways, the Irish debt bubble is a symptom rather than the cause of the real problem.

· Ireland is clearly in a better position to rebound from the current problems than Greece and Portugal, due to its relatively open economy. However, there are five reasons why a one-off bailout for Ireland will not solve the eurozone's problems - although it could buy Ireland some valuable time:

1. Temporary loans or greater budget discipline across the eurozone will do very little to help countries such as Greece, Ireland or Portugal regain competitiveness, the main problem these countries face.

2. In essence, what was asked of Greece, and soon Ireland, is two-thirds of a traditional IMF package - cuts in expenditure and increased taxes. However, the third, vital ingredient - currency depreciation - isn't permitted within a single currency. Instead, currency devaluation has to be replaced by so-called "internal depreciation", meaning even more squeezes to jobs and wages which aren't politically or socially affordable.

3. The ECB is likely to continue to pursue a German-style monetary policy, leading to an undervalued currency for Germany (fuelling German export-led growth) but an equally overvalued currency for the weaker economies such as Portugal and Spain (although Ireland itself could be helped by a weaker euro). This, in turn, locks in a multi-speed eurozone, with the same type of tensions we've seen over the last year coming to the fore again in future.
4. The politics of a loan bail-out and stronger supranational budget rules are unsustainable. The lending countries, most importantly Germany, can only sell a de facto debt union to their electorates if it comes with strict rules and terms. But such terms imposed from the outside seriously undermine the ability of the borrowing countries to democratically govern themselves.

5. The role currently being played by the ECB is untenable, both for political and economic reasons:

a) Politically, the ECB's decision back in May to start buying 'junk' government bonds from the secondary market has compromised its independence - which the Germans were promised would never happen. A bailout using loan guarantees from other EU states may allow the ECB to withdraw its emergency funding for now, but without a long-term solution the ECB is likely to be called on again to prop up ailing states.

b) Economically, the situation is unsustainable as well. The Eurosystem of eurozone central banks that underpins the ECB is leveraged 24 times[1], while the average hedge fund is only leveraged 3 to 4 times. A fall in assets of only a few percent would wipe out the ECB's reserves, which could lead to the ECB itself being in need of a "bail-out".

· There are no obvious long-term solutions that do not come with huge political and economic costs. The dilemma facing the eurozone remains whether it is to become a fully fledged United States-style fiscal and therefore political union with huge continuous transfers from the German-led bloc to those on the periphery - which would inflict serious damage on the German economy; or prepare for a messy divorce possibly in the form of a two-tier euro and even some countries exiting altogether.

· Germany is keen on a bail-out package for Ireland, as it wants to decrease Ireland's dependency on the ECB, replacing the current support measures with government-backed loans, which can be linked to specific demands, such as a restructuring of the banks or changes to the tax system. The ECB's generous liquidity supply also goes against the 'hard currency' philosophy that Germany was promised when giving up the Deutschemark in the 1990s and strikes to the heart of worries that the ECB is becoming a "bad bank" itself.

· The UK is hugely exposed to Irish banks and debts. However, the decision on whether the UK is involved in a bailout is largely out of the UK Government's hands because the EU bailout fund, partly underwritten by British taxpayers, can be activated by majority voting, meaning that Britain could be outvoted. This means that the EU rescue mechanism of which the UK is part completely lacks democratic legitimacy in Britain. The UK is also likely to provide bilateral support and contribute through its membership of the IMF. Reports suggest that the total amount guaranteed by Britain in an Irish bail-out will be in the area of £7 billion. However, in the absence of regained growth and competitiveness in Ireland, and the other weaker economies in the eurozone, the UK will remain exposed to future failure in EMU.

Herd Management Program

Without comprehension of the nature or the facts, the people of the various nation states comprising the EU have long-since been loaded into cattle-trucks (of various guises) and continue on their slow clanking journey to an unwitting destination. The route may be convoluted, obscure, delayed or apparently benign but their fate is their predetermined destiny and a part of this journey has to be that they will never be plainly told where all the tracks eventually head.

Too stupid a herd are people that the manifold benefits perceived for the full integration of old-style nations into continental supra-national unions and further into one omnipotent world governance would simple pass them by. Humans instinct for tribal loyalty and racial grouping would surmount and stifle any reasoned call with the supposed logic for the ultimate formation of a newly ordered single world authority.

And so instead this must be achieved by subterfuge and conniving manipulation. Our so called representatives share various conceptions for the merits of this goal and understand its purported benevolent and altruistic ambition along with the absolute necessity to resist its definition.

By its formation's very nature, that of its being assembled of illiberal covert means, it stands equal opportunity of, when ultimately realised, becoming a manifestation of the ugliness of which it is being born. All resistance will be at best futile and worst deemed necessary to completely oppress.