SEPTEMBER 2016 / NO. 1
TAGS: BREXIT, EU, CENTRAL BANK, ECB, IMF, CONFEDERATION OF BRITISH INDUSTRY, EUROPEAN ROUND TABLE

Brexit

“Will a potential Brexit really become an early warning for the bureaucrats in Brussels?”
“It is clear that the EU will only move in one direction: towards more centralization, more bureaucracy, with more power shifting further away from people’s hands”
The 23rd June, 2016, is a historic date in the development of the EU: it is the day on which the British voted for Brexit. Our politicians still believe that all good things in the world come as a result of their actions. However, the economic reality is that our success in trade depends far more on fundamental factors such as ‘comparative advantage’, and whether we design and make things that others want to buy, than on politician’s bureaucratic schemes. The real choice is not economic security or economic risk as the elites at Central Banks, ECB, IMF, the Confederation of British Industry, the European Round Table of Industrialists and all the other Establishment Stooges like to tell us. They like the EU because their whole world depends on it: their lifestyle with it summit meetings, first-class flights and five-star hotels. Their flitting and floating from New York to Brussels to Beijing, serving the interests of the technocratic elite of bankers, bureaucrats and accountants, who push the same old dogmas of globalization, privatization and centralization, regardless of which government is in power in which country.　 
“The real choice is what kind of government will best equip us to cope with a risky fast-changing world rather than the inevitably sclerotic speed of a committee of 28 countries each with vastly different agendas, whose’ leaders are unable to make the necessary decisions”
The systems and structures that the EU has designed to run the modern world have become too big, too bureaucratic and distant from the human scale. The EU has three non-elected presidents, a basic violation of the fundamentals of democracy. The elite does not want to understand that European citizens are angry and feel they have lost out due to globalization, seeing the economy moving in ways that disadvantage them and their children. They are worried about immigration and ask themselves again-and-again why their governments are so keen to help newcomers despite high unemployment rates in Greece, Spain, Italy, Netherlands, France, UK and Belgium. The elite and bureaucrats, including the entire bunch of members of the European Parliament, fail to understand why their citizens are angry. The EU has become a source of instability, sticking to an outdated script at a time of unprecedented demographic and economic change.
Imagine companies that don’t listen to their customers, or know what their customers want, they would soon go out of business. But the 50,000 employees at the EU don’t worry at all, because they are sure to get their salary at the end of the month. This, however, will not last: our expectation is that the EU will implode.
Why is this? For the following reasons, amongst others:
  1. Nearly everyone in the EU acknowledges that the euro has been a disaster. One example is Greece
  2. The euro has impoverished the countries of Southern Europe: France, Portugal, Spain, Italy and Greece
  3. The high level of debt in the EU is one of the biggest problems that remains unsolved
  4. Research amongst 9,500 companies across Europe in 2016 showed that 84% were not willing to invest despite extremely low interest rates
  5. Meetings of G7, G20, Davos and other wasteful meetings, have not come up with any constructive proposals for reviving the global economy
  6. The EU is on the cusp of a prolonged period of stagnation and instability
“Officers eat last. Yet Captain Schettino was the first to abandon the Costa Concordia. The incumbent elite is incapable of sacrifice and is too busy with their own interests to face new challenges”
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