Posts Tagged ‘brexit’

It’s Only Your Money Until The Globalists Say It’s Theirs

July 29, 2017

The EU (Euronazi) bureaucrats have come up with a splendid new scheme to fill the hole in the EU budget that is already threatening the future of the bloc and will go critical after Brexit which will leave Germany as the only net contributor to the budget. They are going to claim that all the money in the EU belongs to the EU. If there is the slightest hint that a government has a problem servicing its debts or a bank, any bank in the EU, does not have enough capital to meet its obligations, you had better get your money out yesterday.

In fact it might be a good idea to get your money out and put it in offshore investment trusts anyway.

Although it’s your money, the EU have decided they have the right to freeze Personal Accounts to prevent financial problems blossoming into crisesfreeze Personal Accounts to prevent financial problems blossoming into crises. And one they have taken control of your accounts, they will also have the right to do what they like with your money.

Or to put it in the anodyne, non scary language bureaucrats prefer:

European Union states are considering measures which would allow them to temporarily stop people withdrawing money from their accounts to prevent bank runs, an EU document reviewed by Reuters revealed.

The move is aimed at helping rescue lenders that are deemed failing or likely to fail, but critics say it could hit confidence and might even hasten withdrawals at the first rumors of a bank being in trouble.

The proposal, which has been in the works since the beginning of this year, comes less than two months after a run on deposits at Banco Popular contributed to the collapse of the Spanish lender.

Giving supervisors the power to temporarily block bank accounts at ailing lenders is “a feasible option,” a paper prepared by the Estonian presidency of the EU said, acknowledging that member states were divided on the issue.

EU countries which already allow a moratorium on bank payouts in insolvency procedures at national level, like Germany, support the measure, officials said.

“The desire is to prevent a bank run, so that when a bank is in a critical situation it is not pushed over the edge,” a person familiar with German government’s thinking said.

The Estonian proposal was discussed by EU envoys on July 13 but no decision was made, an EU official said. Discussions were due to continue in September. Approval of EU lawmakers would be required for any final decision.

Under the plan discussed by EU states, pay-outs could be suspended for five working days and the block could be extended to a maximum of 20 days in exceptional circumstances, the Estonian document said.

Spooking Customers

Charlie Bannister of the Association for Financial Markets in Europe (AFME) says “We strongly believe that this would incentivize depositors to run from a bank at an early stage.” Why Might Customers Want to Run?

Here are a trillion reasons: There are over €1 trillion nonperforming loans (both government and private debt) held by EU commercial and central banks right now and the figure is growing every month. Non performing loans are those on which no interests or less that the contracted rate of interest is being paid.

Non-Performing Loans
Italy, Greece, Spain, Portugal, and Ireland have a combined €606 billion in non-performing loans.

The entire European banking system is over-leveraged, under-capitalized, and propped up by QE from the ECB. Simply put, the EU banking system is insolvent.

That the EU has to consider such drastic measures proves the point.

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… yesterday we observed a surprising development involving Deutsche Bank, namely the bank’s decision to quietly liquidate some of its shipping loans. Reuters reported, “Deutsche Bank is looking to sell at least $1 billion of shipping loans [a market sector] whose lenders face closer scrutiny from the European Central Bank.

If You Look At How Fast Global Trade Is Unravelling, You’ll Get Dizzy

Governments constantly make positive noises about the health of their economies although most people who are in work have felt no improvement on the position they were in after the crash of 2008. Wagest are stangnant, employment has reduced somewhat (see below) and while the banks are printing money and the super rich are widening the gap between themselves and ordinary people faster than ever, the real situation is frightening.

All Gone” – The Gold Scandal That Goes To The Very Top

Best known known for luxury shopping, over-the-top architecture including the world’s tallest building, a lively social scene, and a facade of secular open – mundedness, Dubai ought to be even better known for the underbelly of corruption and unrestricted criminality among the billionaires and oligarchs who quietly dominate dominate the global power and financial structure and have set up bases there because the Dubai has very few laws covering offshore activities of financial traders.

A Song Of Servitude (poem)

This poem (sort of) was inspired by a news story about increasing personal debt in the developed nations

De-Dollarization Accelerates As More Washington “Allies” Follow Australia To China-Led Bank

For many years the dollar has been the currency in which the world’s nations settled cross-border transactions and the so called petrodollar became the only currency in which oil could be traded. In recent years however, as other nations, particularly the BRICS group, Brazil, Russia, India, China and South Africa, the leading nations outside the dominant US / European group, have been making moves to end the domination of the US dollar.

Why Iceland Recovery Is Being Ignored In Mainstream News
Iceland is a small country with less that half a million people so is not a good comparison with Britain. It’s recovery from near bankruptcy in the wake of the 2008 financial crisis however is due to the rejection of politically correct, globalist politics so in that light it serves to illustrate that to suggest Britain (60 million people) cannot survive outside the EU is just globalist scaremongering.

It’s Staring To Dawn On Economists That The Developed World’s Economic Problems Are Structural.

When we look back from 2025, it will be painfully obvious that central bank policies exacerbated the systemic crises that brought down the global financialization machine. After all, “saving” the world from financial collapse 0f 2008 was relatively quick work; so what problems beyond imminent implosion have the central banks policies solved in the past 6 years

New World Order IMF Advocates Taking Pensions & Deferring Redemption of Gov’t Debt.

Global Capitalism my arse, the dominant economic system is Naziism pure and simple. Who but Nazis or Communists (and they are truly different faces of George Orwell’s Oligarchic Collectivism) whould propose stealing the pension funds we poor punters have worked all our lives to accumilate to pay for the stupidity, selfishness and irresponsibility of our masters?

Financial Crisis? The Dow Has Already Fallen More Than 1000 Points From The Peak Of The Market

The dramatic falls in world wide stock markets over the past week hows that the Daily Stirrer finance expert was correct in predicting this, such recovery in the global economy as has happened since 2008 has been the result of printing money and manipulating the markets. This latest action is part of a massive heist by the bankers to drain the value from our savings and pensions

Corporate Banker’s $1.5 Quadrillion Conspiracy: EU Accuses 13 Banks Of Operating A Derivative Trading Cartel

Debt, how much of a threat to ordinary people is it? The truth might frighten you which is why bank bosses, government leaders and media pundits are not eager to tell the truth. What can we do? Not much in the short term, in the long term, reclaim the sovereignty of our nations and our individual sovereignty and tell the world view thinkers their crazy ideas have maxed out their credit

Was The Banks’ Cypriot Smash And Grab A Rehersal

When I started here at Bubblews back in early March the big story was the financial meltdown in Cyprus and the international response that shocked the world. The political leaders and international bankers whose incompetence and irresponsibility caused …

Now We Know What Those Naughty Bilderbergers Were Plotting

Left behind after the Bilderberg group check out of The Grove Country House Hotel was the remnant of a presentation promoting the Thompson Reuters Online Trading Platform. What was that about? Well we know now, read the article below

The Planned Green Holocaust, Depopulation Needed To Save The Planet

The science tits, The Watermelons (green on the outside, red on the inside) and even the raffia mafia are happy to talk about Carbon Dioxide but nobody wants to talk about the biggest threat to human civilization, overpopulation. Some hope the surplus billions will go away, others have a much more brutal final solution in mind.

War On Cash Begins, It Is Not About Keeping You Or Your Money Safe From Muggers

Government and big busin.ess has been nudging us towards abandoning cash for electronic money for a long time. Now the Frech government has become the first to move towards making cash illegal (because government can’t keep tabs on what you do with your money when cash passes from hand to hand …

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Divisions In British Society Will Destroy Brexit Says Writer From The Most Divided Society In Europe

June 24, 2017

Recently came upon an article in an online news site that ought to know better, describing how the deep and irreconcilable divisions in British society (deeper than those in France, Germany or the USA according to the author) will ensure Brexit is a disaster.

It was the most ill – informed, bigoted piece of shite I have ever read.

London Bridge Is Down
Authored by Raul Ilargi Meijer via The Automatic Earth blog,

The French election, won overnight by Emmanuel Macron, put several segments of the French population opposite one another in a pretty fierce contest. And that contest will continue. Because Macron won’t be able to lift the French economy out of its doldrums any more than Le Pen could have, or than Trump can life the US, and the new president will have the honor of presiding over a further and deepening downturn. The French political dividing line was aptly described by Simon Kuper recently:

The ultra-nationalist writer Charles Maurras believed there were “two Frances”. The one he loved was the “pays réel”, the real country: a rural France of church clocks, traditions and native people fused with their ancestral soil. Maurras loathed the “pays légal”, the legal country: the secular republic, which he thought was run by functionaries conspiring for alien interests.

 

Maurras was born in 1868 and died in 1952. But if he returned on Sunday to witness the French presidential run-off, he would instantly recognise both candidates. He would cast Emmanuel Macron as the incarnation of the “legal France” and Marine Le Pen as embodying the “real” one.

Maurras may have been a questionable character, but that description is not half bad. Once enough people in the country understand the failure of ‘legal’ France, they will want ‘real’ France back. That will be true in countries all over Europe; to a large extent it already is. Marine Le Pen summed up the key issue really well a few days ago when she said of the country post election: “France will be led by a woman, me or Mrs. Merkel.”

There is only one reason the French people would ever tolerate Germany having an outsized influence in their politics and economics: that they feel they benefit from it financially. And yes, if you put it that way, it’s already quite something that they haven’t revolted more and earlier.

The generous unemployment benefits are undoubtedly part of that. But those can’t last. And since the Germans owe their influence in Paris to the EU, it’s obvious how the French will feel they can stop that influence. And then the EU will turn out to be not a peacemaker, but the opposite.

Still, as much as France is divided, and as serious as that division is, the country is a shining beacon of unity compared to the UK, where the dividing lines are as manifold as they are laced with toxins. The snap election PM Theresa May called, in just over a month, can do nothing to resolve any of it. That means the EU can do what they want in the Brexit negotiations. Which will therefore be an unparalleled disaster for May and the UK.

The EU can and will ‘have its way’ with the UK for one simple reason: the United Kingdom is anything but United. It makes no difference what the EU does to the UK, the British won’t blame them for it. They will blame each other instead. No matter what happens these days, the British always know in advance who’s to blame, and it’s never themselves; it’s always another group of Brits.

The Tories are deeply divided between pro- and anti-Brexit forces. Labour is divided along those same lines, and adds pro- and anti-Corbyn sentiments for good measure. Other parties don’t really matter much, but they have similar dividing lines as well.

Anti-Corbyn Labour MPs have convinced themselves they know better than pro-Corbyn party members. They’ve kept claiming for so long that Corbyn is unelectable it’s become a self-fulfilling prophecy. They’ll be lucky not to face the fate of their former brethren in François Hollande’s Parti Socialiste, who ended up with just 6% of the vote in the 1st round of the French elections.

PM Theresa May called the snap election for June 8 to hide some of the divisions behind, to make them appear less relevant, or even to profit from them and grab more power. But the very fact that Brexit was voted in, already makes the election nigh irrelevant.

Whoever wins, and it looks certain to be May herself. will open themselves to being scapegoated in a big way. Which won’t keep them from seeking victory, because the loser can expect the same fate. The trenches have been dug, and deeply. Governable? Don’t count on it. It feels more like 40 years later we’re back to Johnny Rotten ‘singing’ Anarchy in the UK.

If May threatens to leave the EU ‘cold’ and trigger a ‘Hard Brexit’, she will simultaneously trigger a whole lot more, and much wider, divisions in the country (or is that countries?!), and that’s even without mentioning an entire minefield of legal, and potentially constitutional, issues. The latter especially because Britain doesn’t have an actual -written- constitution.

For Brussels, it’s easy pickings, and pick they will. This week, they casually raised the UK’s cost of leaving the EU to €100 billion, from estimates varying from €40 billion to €60 billion before. Paddy Power and its equally powerful bookie ilk soon won’t be taking any bets below, say, €150 billion. In that regard, and many others, the EU will do to the UK what it is doing to Greece.

The only way to stand up against that is to show a common front. But there will be no such thing in the Divided Kingdom, not for a long time. Everyone has their favorite scapegoat, for some it’s Nigel Farage, for others David Cameron, George Osborne, Tony Blair, Jeremy Corbyn or Theresa May. And nobody is going to leave their blame trenches. They’re the only places they feel somewhat comfortable, less scared, in.

Theresa May, if the polls are to be believed -and given the divisions we might for once-, will have to sit down and negotiate with the multi-headed Hydra that is the EU, ‘strengthened’ by a major election victory, but she will find it the ultimate Pyrrhic victory, because Brussels will have a ball playing her divided ‘nation’.

Scotland can probably easily be seduced with the carrot of EU membership, but more importantly, Juncker and his people can cast doubt on the entire Brexit vote, and they will have many interested takers.

The Brexit negotiations will take at least 2 years. But it could be 3 or 4 years, who knows? May has no power over that durationm unless she walks. She won’t. And as things are drawn out, Juncker et al have all the time and opportunities they want to tell both May and the British public that Brussels has no intention of punishing them, but will have to do so anyway.

After all, Brexit is a threat to the entire European project, and all the leaders of the 27 remaining nations, as well as the vast majority of their domestic opposition parties, are behind that project, no questions asked. And the many thousands of people working their very well-paid jobs in Brussels and Strasbourg are not too critical either.

All in all, the British need to wake up and smell the roses as long as there are any left, and before they have been replaced with less savory odors. Or they will have to seriously wonder whether the Kingdom, united or not, can outlive the Queen, aka the London Bridge.

*  *  *

“London Bridge is Down” was recently revealed as the secret UK government code for the moment the Queen dies.

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Comments:
http://www.zerohedge.com/news/2017-05-08/london-bridge-down

philipat's picture

I call total Bullshit on this article written by persons either with an axe to grind or a lack of understanding of UK politics. Or both.

There may be some still semi-hidden more nefarious reasons (involving election rigging in the last election) to call the Poll now but essentially the Labour Party is in complete disarray under the “leadership” of communist Corbyn. Labour don’t seem to understand that you can’t win an election in a Western Libaeral democracy from anywhere other than the centre, as Le Pen just found out. Further, May was still largely operating under the mandate of Cameron and so not fully legitimate. Blair (that well known war criminal who should be in jail, but never mind for the purposes of the point to be made here) understood this very well and “New Labour won power from the centre. “Old Labour” under Corbyn will any election from the left.

For both of these reasons, may sensed an ideal opportunity to strengthen her majority (at present very small overall) and create her own mandate. Show me any politician who, faced with the same circumstances, would not have done exactly the same?

The outcome will be an enormous Conservative majority which will allow her a stronger hand in Brexit negotiations, such as they may be as the Brussels collective have already made it abundantly clear that they have no intention to negotiate in good faith. In fact, many are now wondering why waste 2 years and not just pull out now to avoid wasting 2 years in useless negotiations whicgh are likely to end in “no deal”. British industry can accept a return to WTO trade rules either indefinitely or until the German car manufacturers force Brussels to make a trade deal. And if the City loses out, so be it. The UK economy is over-dependent on criminal finance and it would be an ideal opportunity to re-balance the economy anyway.

So May and the UK will be in a much stronger position with a resounding mandate from the British people to get us out of the clutches of the unelected megalomaniacs in Brussels (Not to mention Pedophiles and Drunkards)

Again, I call major Bullshit on this article.

 

OverTheHedge's picture

“I call total Bullshit on this article written by persons either with an axe to grind or a lack of understanding of UK politics. Or both.”

I have to agree. This doesn’t seem to reflect any facet of British society that I know about, although I am an ex-Brit, so might be out of touch.

1. Whilst Brits do like to play the blame game, they NEVER turn down an opportunity to wallop the Frogs, and the next two years are going to be an endless parade of Frogs in barrels for shooting purposes.

2. Scotland can whine and winge all it wants, they know that Europe will treat them like Greece, and they know that the UK will stop funding their profligate government. Given that the oil income is ever decreasing, it becomes more irrelevant. Finally, no new referendum until UK is out of eu, so utterly irrelevant. Do we see Scots rioting over being allowed to stay within eu? I don’t.

3. The Labour party. Enough said.

4. The lib dems weren’t even mentioned in the article, quite rightly as they are utterly irrelevant.

5. Seems to me that the Brits are actually quite united, in that the entirety of Europe is against them, backs to the wall, fight them on the beaches. If Spain tries to upset BritBot by messing with Gibraltar, all hell will break loose.

So, on balance, I believe the exact opposite of the article is the situation on the ground. Posh winebars in Knightsbridge might suggest otherwise, but London is NOT the UK.

 

Sirius Wonderblast's picture

Yup. The article is drooling nonsense. Unless its’ author thinks that every single person will at all times be in accord then it will always be possible to point to differences of opinion. Living here, I absolutely do not sense – outside perhaps of Londonistan and from the SNP (as distinct from Scots) – any dissent over the Brexit.

London is so different from the rest of the UK that in may ways, it is like somewhere else. Some areas more than others, mind you – Tower Hamlets, for instance.

May has astutely taken the opportunity to increase her majority, which looks like a shoo-in – while Labour and UKIP both are rudderless. I il say I admire Corbyn’s adherence to conviction politics, and the Labour membership’s support of him and his/their principles. It highlights the bankruptcy fo the parliamentary Labour Party and the slimeball politicians that make it up. Sadly, it is not enough to gain traction in an election in what is stil a largely somatised country. While folk can get BMWs and Audi’s on easy terms, who wants to fight for workers (or anyone else’s) rights?

Fact is, the EU has long been disliked, since its germ as the EEC really. Tampering with fairly minor matters of weigths and measures, however, was overtaken by the bombast and federalism, and feathering of nests, of the EU “elite” and their handsomely paid minions. Now we get the threats, coercion and general unmasking of the beast per Drunckard’s recent bile, which serve to prove the right choice was made. Now, threaten Britons with whatever dreamed up impositions, call them threats, call tem attacks, and you will see increased unity among us. At the same time, you will see – as has been the case – the division between those such a Cluncker at the Commission, and Tusk at the Council. Perhaps Tusk, federalist as he is, seems more hope for the EU if it can trade successfully with us than if not, which would seem wise.

Once the UK is out of the EU, the impetus for Scottish break away is liley to wither rather rapidly. Whither then Sturgeon’s pension?

What did anyone really expect after the way the PIIGS were treated? Now try it on with one of the big boys, you bunch of f*cking pussies. See how far you get.

The Islington set, it’s pseudo-intellectual fans in the BBC and a diminishing number of Snowflake-esque Remainers may cry their eyes out about it, but get around the country and you will find a good deal of unity and a rather visceral dislike of the EU and the people like Wancker who epitomise it.

 

Thus far May has it right. Call the election while the EU struts around like a pigeon (all Obama-style), then when it matters just don’t take the blindest bit of notce of their nonsense (Euro100bn demand included).

 

EddieLomax's picture

Got to agree, this is the most illinformed piece of guff I’ve read for a long time.

“For Brussels, it’s easy pickings, and pick they will. This week, they casually raised the UK’s cost of leaving the EU to €100 billion, from estimates varying from €40 billion to €60 billion before.”

News just in, I’m hearby raising the charge for stupidity from £400 to £8000, it is apparently easy to get money off you if you truly believe we will pay anything at all?

“Paddy Power and its equally powerful bookie ilk soon won’t be taking any bets below, say, €150 billion. In that regard, and many others, the EU will do to the UK what it is doing to Greece.”

Lol.  Seriously, I wouldn’t take any bets below €150 billion either, afterall, why would I want to lose money when making a bet?

The conservative party has for a long time had a very large split in it.  It started in 1972 when a lot of them thought they were joining a economic agreement or getting leverage over Europe etc etc, a few realized exactly what it was.  And the split has been getting more painful since with the problem being its much harder to overturn the status quo than continue with it.

If the vote last year had been to JOIN the EU then I reckon it would have been 30 to 70% against, and that is being optimistic.

 

The real news is France has commited to being behind the EU tariff wall when the UK leaves the EU, that means US and other companies can sell a product at between 12% to 40% cheaper if their cost of production is cheaper and the UK has a free trade agreement with them.

For us a free trade agreement with a country like the US is a no-brainer, for the US its a unique opportunity to take over EU market share.  When Le Pen gets in in 2022 it is going to be very hard for French companies to get back in, but the economic pain will really be something to behold, maybe the French will lead the way in sweeping the Muslims out, just the lower security costs would be a compelling economic advantage.