Brexit
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Tony,
You should hear the whining from the younger voters (who mostly wanted to stay in). It has been astonishing!
Their sense of self-entitlement leaves me breathless.
http://the75percent.tumblr.com/
Lee,
Farage is a divisive figure.
It would be fair to say that without his presence in UK politics over the last ten years, the IN/OUT referendum would not have happened.
Farage was never part of the officially designated Leave campaign but this has not stopped him or his supporters getting involved. Frankly, his lack of political correctness has been a breath of fresh air and this has allowed many previously taboo topics such as immigration and national identity to be discussed openly.
You should hear the whining from the younger voters (who mostly wanted to stay in). It has been astonishing!
Their sense of self-entitlement leaves me breathless.
http://the75percent.tumblr.com/
Lee,
Farage is a divisive figure.
It would be fair to say that without his presence in UK politics over the last ten years, the IN/OUT referendum would not have happened.
Farage was never part of the officially designated Leave campaign but this has not stopped him or his supporters getting involved. Frankly, his lack of political correctness has been a breath of fresh air and this has allowed many previously taboo topics such as immigration and national identity to be discussed openly.
and truly happy for GB.
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You are perfctly right , Joe .
Brexit has been a vote against establishment and nothing else .
The problem is how to modify the world without destroying it .
It' s necessary to have real leaders in the world and
at present I see only 3 persons : Frau Merkel ,
Pope Franciscus and Vladimir Putin . They
are leaders but unfotunately they have their targets .
Obama , Hollande , Cameron , Renzi , Juncker and so on are simply puppets .
Le Penne , Trump , Farage , Grillo are only divisive persons
and so ,IMHO,they will not able to replace this kind of establishment .
Very ,very bad situation .
I don't want become poor and muslim !!!!!
Ciao
Marco
Brexit has been a vote against establishment and nothing else .
The problem is how to modify the world without destroying it .
It' s necessary to have real leaders in the world and
at present I see only 3 persons : Frau Merkel ,
Pope Franciscus and Vladimir Putin . They
are leaders but unfotunately they have their targets .
Obama , Hollande , Cameron , Renzi , Juncker and so on are simply puppets .
Le Penne , Trump , Farage , Grillo are only divisive persons
and so ,IMHO,they will not able to replace this kind of establishment .
Very ,very bad situation .
I don't want become poor and muslim !!!!!
Ciao
Marco
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[/h] [h=2]Blog/European Union[/h] [h=6]Posted Jun 25, 2016 by Martin Armstrong[/h]
Brussels will now try to punish Britain as they punished the Greeks for daring to vote against them. Our sources are already saying the attitude behind the curtain is turning nasty, as in how dare those “limies†vote to leave. The derogatory comments remain off camera, which is quite telling. Brussels will try to be hard on the Brits because there are already movements to enter referendums to leave the EU surfacing in the Netherlands, France, and the Northern League in Italy. Indeed, the Brits just slapped the face of those elitists in Brussels who refuse to see they are ever wrong. It is always everyone else’s fault. The entire EU project has gone way too far. It is no longer about trade — it is an autocratic, anti-democratic establishment that is hell bent on federalizing Europe.
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[/h] [h=2]Blog/European Union[/h] [h=6]Posted Jun 25, 2016 by Martin Armstrong[/h]
Brussels will now try to punish Britain as they punished the Greeks for daring to vote against them. Our sources are already saying the attitude behind the curtain is turning nasty, as in how dare those “limies†vote to leave. The derogatory comments remain off camera, which is quite telling. Brussels will try to be hard on the Brits because there are already movements to enter referendums to leave the EU surfacing in the Netherlands, France, and the Northern League in Italy. Indeed, the Brits just slapped the face of those elitists in Brussels who refuse to see they are ever wrong. It is always everyone else’s fault. The entire EU project has gone way too far. It is no longer about trade — it is an autocratic, anti-democratic establishment that is hell bent on federalizing Europe.
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[/h] [h=2]Blog/European Union[/h] [h=6]Posted Jun 25, 2016 by Martin Armstrong[/h]
The true impact on Britain and Europe will start to become visible rather quickly. It is absurd to think that anything has to change in respect to trade between the EU and Britain. What this means is that Britain will not be subservient to Brussels and will be in the same position as the United States. However, our sources are telling us that the EU will try to punish Britain, as they did the Greeks, for having the audacity to reject their superiority. This may become more of a nasty divorce akin to a wife who hated her husband’s La-Z-Boy. In divorce, it will cost him $50,000 in legal fees to get the La-Z-Boy back that she threatened to throw out many times. NATO is nothing without Britain. Indeed, Europe is incapable of defending itself without Britain and the USA.
The Scottish are threatening to hold their own referendum to separate from the UK and remain in the EU. That too is insanity. Scottish independence is one thing, but to remain in the EU is to surrender their independence and become subservient to Brussels. Ireland wants a referendum to unite North and South. That will probably only result in civil war. Britain should step out and let them duke it out.
When the markets crash in Europe as Brussels tries to outlaw short selling to prevent markets from going against the politicians, Britain will remain the place to do business and the euro will suffer. The banks were just doing what the establishment told them to do. The threats that banks would leave makes no sense whatsoever.
Meanwhile, Obama arrogantly told the Brits back in April they had to go “to the back of the queue†and would not be able to strike a trade deal with America “anytime soonâ€if it left the European Union. This showed just what politicians have become — buffoons who will say anything to win the moment. Now Obama is saying,“The people of the United Kingdom have spoken, and we respect their decision. The special relationship between the United States and the United Kingdom is enduring, and the United Kingdom’s membership in NATO remains a vital cornerstone of U.S. foreign, security, and economic policy.†He continued, “The United Kingdom and the European Union willremain indispensable partners of the United Stateseven as they begin negotiating their ongoing relationship to ensure continued stability, security, and prosperity for Europe, Great Britain and Northern Ireland, and the world.â€
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[/h] [h=2]Blog/European Union[/h] [h=6]Posted Jun 25, 2016 by Martin Armstrong[/h]
The true impact on Britain and Europe will start to become visible rather quickly. It is absurd to think that anything has to change in respect to trade between the EU and Britain. What this means is that Britain will not be subservient to Brussels and will be in the same position as the United States. However, our sources are telling us that the EU will try to punish Britain, as they did the Greeks, for having the audacity to reject their superiority. This may become more of a nasty divorce akin to a wife who hated her husband’s La-Z-Boy. In divorce, it will cost him $50,000 in legal fees to get the La-Z-Boy back that she threatened to throw out many times. NATO is nothing without Britain. Indeed, Europe is incapable of defending itself without Britain and the USA.
The Scottish are threatening to hold their own referendum to separate from the UK and remain in the EU. That too is insanity. Scottish independence is one thing, but to remain in the EU is to surrender their independence and become subservient to Brussels. Ireland wants a referendum to unite North and South. That will probably only result in civil war. Britain should step out and let them duke it out.
When the markets crash in Europe as Brussels tries to outlaw short selling to prevent markets from going against the politicians, Britain will remain the place to do business and the euro will suffer. The banks were just doing what the establishment told them to do. The threats that banks would leave makes no sense whatsoever.
Meanwhile, Obama arrogantly told the Brits back in April they had to go “to the back of the queue†and would not be able to strike a trade deal with America “anytime soonâ€if it left the European Union. This showed just what politicians have become — buffoons who will say anything to win the moment. Now Obama is saying,“The people of the United Kingdom have spoken, and we respect their decision. The special relationship between the United States and the United Kingdom is enduring, and the United Kingdom’s membership in NATO remains a vital cornerstone of U.S. foreign, security, and economic policy.†He continued, “The United Kingdom and the European Union willremain indispensable partners of the United Stateseven as they begin negotiating their ongoing relationship to ensure continued stability, security, and prosperity for Europe, Great Britain and Northern Ireland, and the world.â€
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[h=6]Posted Jun 25, 2016 by Martin Armstrong[/h]
The Dow has been bouncing off the Reversals as well. Despite being above 17800, it would fail to close above that. The question becomes WHEN will the Dow breakout to test new highs with the next target zone in the 21,000 to 23,000 area? With the closing on Friday below the first Minor Weekly Bearish at 17434, the Dow should move a bit lower now to test the 17120 level. We have a serious gap thereafter and on our Reversal system. We can yet see a thrust to test the 15000 zone before turning back up again. The numbers tell us when the big moves will come, but we need not move down that far. We can hold technically the 16900 level, fail to elect any reversals, and the flip back up.
The key to all the markets is CONFIDENCE. We are witnessing a global revolution against career politicians. BREXIT is the first of four critical elections we have been warning about. There is no real chance of a major stock market crash because retail participation (both domestic and foreign) is at historic lows. There is no retail market that would panic. The “professionals†are baffled and trying to figure this mess out while watching the Fed and reading headlines. More hedge funds are closing because performance is collapsing. Opinion really drives the bulk of investment and nobody is getting this right because there is nobody who has ever lived during such a period. Those in search of gurus will lose everything. The ONLY way to trade this mess is DISPASSIONATELY and just go by the numbers. The market is the only one that is never wrong.
The slingshot is coming. These four elections will change the perspective of government for the next few decades. Those in power will fight back tooth and nail. You can see it. Republican elites hate Trump just as the Democratic elite hated Bernie. Both represented upsetting the apple cart. Nevertheless, we are looking at a serious issue here. The slingshot comes when everyone realizes the future will not be anything they dreamed of. Negative interest rates are destroying pension funds, central banks have lost control and credibility, and socialism is dying because government is consuming the bulk to fund its own pensions. The slingshot comes when people realize governments are collapsing. Then there will be the mad rush into all private assets.
The Dow has been bouncing off the Reversals as well. Despite being above 17800, it would fail to close above that. The question becomes WHEN will the Dow breakout to test new highs with the next target zone in the 21,000 to 23,000 area? With the closing on Friday below the first Minor Weekly Bearish at 17434, the Dow should move a bit lower now to test the 17120 level. We have a serious gap thereafter and on our Reversal system. We can yet see a thrust to test the 15000 zone before turning back up again. The numbers tell us when the big moves will come, but we need not move down that far. We can hold technically the 16900 level, fail to elect any reversals, and the flip back up.
The key to all the markets is CONFIDENCE. We are witnessing a global revolution against career politicians. BREXIT is the first of four critical elections we have been warning about. There is no real chance of a major stock market crash because retail participation (both domestic and foreign) is at historic lows. There is no retail market that would panic. The “professionals†are baffled and trying to figure this mess out while watching the Fed and reading headlines. More hedge funds are closing because performance is collapsing. Opinion really drives the bulk of investment and nobody is getting this right because there is nobody who has ever lived during such a period. Those in search of gurus will lose everything. The ONLY way to trade this mess is DISPASSIONATELY and just go by the numbers. The market is the only one that is never wrong.
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[/h] [h=2]Blog/BRITAIN[/h] [h=6]Posted Jun 25, 2016 by Martin Armstrong[/h]
A petition has gained 1 million signatures to overturn BREXIT and hold a second referendum. Of course, they will do a far better job at rigging this one if it goes through. Such people deserve what they petition for and should surrender the pound and the Queen. They have zero idea of what is coming from Brussels, but this is playing into the hands of Cameron, no doubt, and the rest of the establishment. They assume government will survive. They are clueless that Brussels will collapse as we move forward.
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[/h] [h=2]Blog/BRITAIN[/h] [h=6]Posted Jun 25, 2016 by Martin Armstrong[/h]
A petition has gained 1 million signatures to overturn BREXIT and hold a second referendum. Of course, they will do a far better job at rigging this one if it goes through. Such people deserve what they petition for and should surrender the pound and the Queen. They have zero idea of what is coming from Brussels, but this is playing into the hands of Cameron, no doubt, and the rest of the establishment. They assume government will survive. They are clueless that Brussels will collapse as we move forward.
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[/h] [h=2]Blog/European Union[/h] [h=6]Posted Jun 26, 2016 by Martin Armstrong[/h]
Our sources are saying that the central banks have come to an accord to cooperate in an effort to support financial stability in the wake of Britain’s vote to leave the European Union. This is akin to the Plaza Accord of 1985. Central bankers urgently gathered at the Bank of International Settlements in Switzerland to discuss the implications of the BREXIT referendum. The central banks are endorsing a contingency of measures to be put in place by the Bank of England. While the central banks will carefully monitor market functions and stability, they are clueless what to actually do other than try to prevent currencies from swinging wildly.
The entire crisis has come about because the EU attempted to federalize Europe and impose its will upon the people while suppressing all efforts to resist. This is now reaching a major crisis and the elite refuse to accept that they are simply wrong. This crisis will merely increase. It cannot be rectified without abandoning the entire philosophy behind the EU of one policy fits all.
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[/h] [h=2]Blog/European Union[/h] [h=6]Posted Jun 26, 2016 by Martin Armstrong[/h]
Our sources are saying that the central banks have come to an accord to cooperate in an effort to support financial stability in the wake of Britain’s vote to leave the European Union. This is akin to the Plaza Accord of 1985. Central bankers urgently gathered at the Bank of International Settlements in Switzerland to discuss the implications of the BREXIT referendum. The central banks are endorsing a contingency of measures to be put in place by the Bank of England. While the central banks will carefully monitor market functions and stability, they are clueless what to actually do other than try to prevent currencies from swinging wildly.
The entire crisis has come about because the EU attempted to federalize Europe and impose its will upon the people while suppressing all efforts to resist. This is now reaching a major crisis and the elite refuse to accept that they are simply wrong. This crisis will merely increase. It cannot be rectified without abandoning the entire philosophy behind the EU of one policy fits all.
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[/h] [h=2]Blog/European Union[/h] [h=6]Posted Jun 26, 2016 by Martin Armstrong[/h]
Brussels simply went too far. They crossed the line after moving from an economic union to a political subordinate of Europe. Now, six more countries want to hold referendums to exit the EU; France, the Netherlands, Italy, Austria, Finland, and Hungary all could leave. With Hollande’s approval rating at about 11%, Merkel is lucky she is not tarred & feathered. Front National leader Marine Le Pen has pledged to hold a French referendum. If she emerges victorious in next year’s presidential elections, that means the next major player in the EU after Germany is out and there goes the EU.
This entire civil uprising in Europe has been underway ever since two months ago when Dutch voters overwhelmingly rejected a Ukraine-European Union treaty. Angela Merkel’s Germany now faces having to pay an extra 3 billion euros a year to the annual EU budget once Britain leaves. This alone is prompting German government officials to propose that Britain is offered “constructive exit negotiations†to keep their dues coming in. Some are now talking about a quasi-membership for the UK calling it an “associated partner country†to keep the money flowing.
Yet, the French government of Hollande just does not understand. The governor of the French central bank will exert pressure on UK banks. They are taking the view that it would be paradoxical if Britain could retain privileges after the withdrawal from the EU. First Banks are apparently preparing to shift part of its employees in London to the continent. They obviously fail to grasp that European continental banks, not the British banks, are on the brink of collapse.
Italian ministers warned on Saturday that the European Union MUST change course or risk total collapse after Britain’s vote to leave the bloc. Italian Finance Minister Pier Carlo Padoan said, “A double reaction to Brexit is under way, one financial, one political. The financial one, at least until now, is limited. I am more worried about the political one.†Indeed, the unthinkable is happening — and they worry the pound might crash? Pay attention to the euro.
Meanwhile, another critic of the EU has been the leader of Poland’s ruling party. Poland’s Foreign Minister Witold Waszczykowski also responded and said that the UK referendum result shows the need for reform in the EU. “This is bad news for Europe, for Poland… This is a great dilemma for the eurocrats, we all want to keep the EU, the question is in what shape.†He continued, “We will be trying to use this situation to make the European politicians aware why this happened. And it happened because this concept, which was created some time ago, is no longer popular in Europe.â€
Then again, the Hungarian Prime Minister Viktor Orbán intends to campaign in the British press for the UK to remain in the EU, according to a Hungarian government spokesman. Orbán is clearly out of touch with the people and fails to understand that a federalized Europe is not going down very well. He is extremely arrogant to think that he has any right to intervene or suggest that the vote be ignored.
To add insult to injury, Turkey proclaims the “Crusader union falls apart,†demonstrating that memories in Europe go back centuries. The people of the United States did not want to enter World War II. Roosevelt even traveled to Boston, promising that American boys would never defend Europe. Boston was a very Irish community and they were upset that they were asked to defend Britain after their migration to the USA because of Britain. Old wounds never quite die.
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[/h] [h=2]Blog/European Union[/h] [h=6]Posted Jun 26, 2016 by Martin Armstrong[/h]
Brussels simply went too far. They crossed the line after moving from an economic union to a political subordinate of Europe. Now, six more countries want to hold referendums to exit the EU; France, the Netherlands, Italy, Austria, Finland, and Hungary all could leave. With Hollande’s approval rating at about 11%, Merkel is lucky she is not tarred & feathered. Front National leader Marine Le Pen has pledged to hold a French referendum. If she emerges victorious in next year’s presidential elections, that means the next major player in the EU after Germany is out and there goes the EU.
This entire civil uprising in Europe has been underway ever since two months ago when Dutch voters overwhelmingly rejected a Ukraine-European Union treaty. Angela Merkel’s Germany now faces having to pay an extra 3 billion euros a year to the annual EU budget once Britain leaves. This alone is prompting German government officials to propose that Britain is offered “constructive exit negotiations†to keep their dues coming in. Some are now talking about a quasi-membership for the UK calling it an “associated partner country†to keep the money flowing.
Yet, the French government of Hollande just does not understand. The governor of the French central bank will exert pressure on UK banks. They are taking the view that it would be paradoxical if Britain could retain privileges after the withdrawal from the EU. First Banks are apparently preparing to shift part of its employees in London to the continent. They obviously fail to grasp that European continental banks, not the British banks, are on the brink of collapse.
Italian ministers warned on Saturday that the European Union MUST change course or risk total collapse after Britain’s vote to leave the bloc. Italian Finance Minister Pier Carlo Padoan said, “A double reaction to Brexit is under way, one financial, one political. The financial one, at least until now, is limited. I am more worried about the political one.†Indeed, the unthinkable is happening — and they worry the pound might crash? Pay attention to the euro.
Meanwhile, another critic of the EU has been the leader of Poland’s ruling party. Poland’s Foreign Minister Witold Waszczykowski also responded and said that the UK referendum result shows the need for reform in the EU. “This is bad news for Europe, for Poland… This is a great dilemma for the eurocrats, we all want to keep the EU, the question is in what shape.†He continued, “We will be trying to use this situation to make the European politicians aware why this happened. And it happened because this concept, which was created some time ago, is no longer popular in Europe.â€
Then again, the Hungarian Prime Minister Viktor Orbán intends to campaign in the British press for the UK to remain in the EU, according to a Hungarian government spokesman. Orbán is clearly out of touch with the people and fails to understand that a federalized Europe is not going down very well. He is extremely arrogant to think that he has any right to intervene or suggest that the vote be ignored.
To add insult to injury, Turkey proclaims the “Crusader union falls apart,†demonstrating that memories in Europe go back centuries. The people of the United States did not want to enter World War II. Roosevelt even traveled to Boston, promising that American boys would never defend Europe. Boston was a very Irish community and they were upset that they were asked to defend Britain after their migration to the USA because of Britain. Old wounds never quite die.
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[h=6]Posted Jun 26, 2016 by Martin Armstrong[/h]
“There’s no way around it: today is a watershed for Europe and the European unity process,†Merkel admitted. Of course, people like Schulz are the entire problem. His arrogance ensures the demise of Europe. He had the audacity to say that there was “no chain reaction†after BREXIT. Once a politician makes a decision, they will NEVER concede error. They will take Europe down with their entire elitist ideas.
We will indeed see rising movements to exit the EU. Their policies are insane and this idea of forcing the federalization of Europe is exposing old wounds. It is not eliminating the threat of European war with one government imposed upon everyone, which was the idea of Hitler and Napoleon. What we are seeing is the fragmentation of Europe. The sooner these referendums come from other states, the better it will be for Europe and the entire world. It is now the only way to save Europe since the people cannot vote to change those in Brussels.
Merkel’s unilateral decision to take in refugees was not a democratic decision at all since she made a decision in which no other country had any power to object. They cannot see that this system is totally anti-democratic and forces the people into a corner with no recourse to change the direction of Europe or their own country. The EU has become a total disaster.
“There’s no way around it: today is a watershed for Europe and the European unity process,†Merkel admitted. Of course, people like Schulz are the entire problem. His arrogance ensures the demise of Europe. He had the audacity to say that there was “no chain reaction†after BREXIT. Once a politician makes a decision, they will NEVER concede error. They will take Europe down with their entire elitist ideas.
We will indeed see rising movements to exit the EU. Their policies are insane and this idea of forcing the federalization of Europe is exposing old wounds. It is not eliminating the threat of European war with one government imposed upon everyone, which was the idea of Hitler and Napoleon. What we are seeing is the fragmentation of Europe. The sooner these referendums come from other states, the better it will be for Europe and the entire world. It is now the only way to save Europe since the people cannot vote to change those in Brussels.
Merkel’s unilateral decision to take in refugees was not a democratic decision at all since she made a decision in which no other country had any power to object. They cannot see that this system is totally anti-democratic and forces the people into a corner with no recourse to change the direction of Europe or their own country. The EU has become a total disaster.
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[h=6]Posted Jun 26, 2016 by Martin Armstrong[/h]
Hilary Benn called Jeremy Corbyn overnight to claim he should resign! Corbyn fired him. The Labour Party claims there is no confidence in Corbyn, and there will be a resignation every hour for the next ten hours of today. In fact, shadow health secretary, Heidi Alexander, just resigned.
Rumor is half the shadow cabinet is set to resign. Could be an interesting day!
Categories: BRITAIN, European Union
Hilary Benn called Jeremy Corbyn overnight to claim he should resign! Corbyn fired him. The Labour Party claims there is no confidence in Corbyn, and there will be a resignation every hour for the next ten hours of today. In fact, shadow health secretary, Heidi Alexander, just resigned.
Rumor is half the shadow cabinet is set to resign. Could be an interesting day!
Categories: BRITAIN, European Union
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[h=6]Posted Jun 26, 2016 by Martin Armstrong[/h]
The anti-austerity party Podemos is now expected to make large gains in Spain’s parliamentary election today. If this unfolds, it will potentially demonstrate that Brussels is heading for a crisis. The last election in December broke the back of the conservative or Socialist majorities who have been ruling for almost 43 years. The contagion is moving rapidly.
The anti-austerity party Podemos is now expected to make large gains in Spain’s parliamentary election today. If this unfolds, it will potentially demonstrate that Brussels is heading for a crisis. The last election in December broke the back of the conservative or Socialist majorities who have been ruling for almost 43 years. The contagion is moving rapidly.