#Analysis #Brexit: #QuestionIt: Why #Remainers insist #UK is better in the #EU! #FoxesRunningHenhouse

First, because all the key arguments for Britain leaving the EU are false. Second, because it’s become much clearer what Brexit was really about all along.


Arguments for Britain leaving the EU …


1. Restricting immigration?

Yes, there will be fewer EU immigrants as a result. And it will become (even) more difficult for non-EU refugees and migrants to cross the English Channel from France. But the majority of immigrants to the UK come from Britain’s former colonies in Asia, Africa and the West Indies — two or three times the number from EU countries.[1]Leaving the EU will not affect these sources of immigrants.

Moreover, the Conservative Government has cut the funding for training nurses to such an extent that the UK has to rely on foreigners to fill the gaps.[2] After Brexit, the UK will lose those EU workers who want to do these jobs and will simply become more dependent on non-EU workers.

2Good for the economy?

By cancelling its membership of the EU, the UK is losing all the economic advantages that come with it. These include open borders, tariff-free import/export trade, hassle-free international travel for business, holidays, studying, working, etc., and all the benefits that go with being part of the world’s most successful trading bloc.

British business will be hurt; British science and scholarship will be hurt; British workers will lose the right to work anywhere in Europe; British students will no longer be able to work or study anywhere in the EU; poorer areas like Cornwall and Wales will lose their EU grants.

Even the Government’s own forecast concludes that the UK will be left ‘permanently poorer’ by leaving the EU, and with a no-deal Brexit causing an annual loss per household of over £5,000.[3]

“The conclusions of this document are clear: none of the [Brexit] alternatives support trade and provide influence on the world stage in the same way as continued membership of a reformed EU; and all of them come with serious economic costs that would affect businesses, jobs, living standards and our public finances for decades to come. To put it simply, families would be substantially worse off if Britain leaves the EU.”

Some prominent Brexit supporters are very aware of all this. People like Jacob Rees-Mogg aren’t stupid — they have been moving their own assets out of Britain to continue making profits within the EU while the UK struggles along outside it.[4][5]

3Taking back control?

The UK has never, at any point, lost control to the EU — and that’s according to the British Government.[6]

All those daft laws supposedly imposed on the UK by dastardly eurocrats don’t really exist. They were made up by anti-EU journalists like a certain Boris Johnson.

As a bored but politically ambitious young journalist reporting from the European Commission in Brussels, Johnson found that he could easily make front-page headlines by falsely portraying the European Commission as a bunch of jumped-up foreigners trying to undermine the UK. His absurd ‘Brussels-bashing’ tales actually boosted his career prospects, as a lot of old-fashioned Conservatives back home believed every word he wrote. [7]

Almost single-handedly, Johnson created the brand of fake news known as ‘Euromyth’. It did of course mean ditching any semblance of journalistic integrity, just deliberately lying and scaremongering on a daily basis — but he managed to do it spectacularly well, and still does.

He was, however, recently caught red-handed:

(In his leadership campaign, Johnson paraded a kipper claiming that ‘Brussels bureaucrats’ impose ridiculous rules on kipper packaging. In fact the packaging rules are set by the UK Food Standards Agency simply to ensure the safety of food bought online.)

The EU certainly isn’t run by ‘the unelected eurocrats of the European Commission’ as Boris Johnson keeps claiming and Nigel Farage keeps parroting. It is actually run democratically by the 28 nations’ ministerial representatives in the Council working together with the 751 elected MEPs in the European Parliament.

  • The Commission proposes possible new legislation to the Council and Parliament,
  • The Council and Parliament debate the proposal and take a vote.
  • The new legislation is enacted only if the two elected bodies jointly agree to it.
  • The Commission then implements their decision.

The EU is like a club, membership of which comes with certain rules and regulations — most of which simply specify how the members should co-operate as a single market.

By accepting the same democratically agreed rules and regulations as other member states, the UK gets to enjoy the four key benefits of EU membership: free movement of goods, labour, services, and capital. And as a particularly strong and influential member, the UK has considerable power to steer the definition of new rules and regulations.[8][9]

But by leaving the EU, the UK loses this power. In fact, the UK will become just another external country hoping to do business with the EU’s very large and verypowerful integrated market — a market which currently buys half of the UK’s exports.

“If you take back the right to set your own rules and standards, it will by definition become harder to do business with countries that use different ones. If you want to trade, you will probably end up following the rules of a more powerful partner—which for Britain means the EU or America—only without a say in setting them.”

So the UK is losing power, freedom, trade and influence just to gain an illusory sense of independence, or ‘taking back control’.

And even more ironically, with a no-deal Brexit the UK will have to comply with trade rules set behind closed doors in Geneva by the unelected and non-transparent committees of the World Trade Organisation (WTO). [10]


What Brexit was really about all along …


1 Tax avoidance

Throughout Europe, corporate tax avoidance is a colossal problem. The EU’s Anti-Tax Avoidance Directive (first proposed in 2016, implemented in 2019) seeks to tackle the thriving culture of corporate tax avoidance. It affects numerous major companies in the UK accused of tax avoidance, including several football clubs, retailers, technology firms and the Daily Mail and Telegraph newspapers.

Continuing membership of the EU, or just the single market, would keep the UK aligned with this anti-tax avoidance policy. A hard or no-deal Brexit, on the other hand, would see the UK turning itself into a tax haven on the borders of Europe.

This is the plain and simple reason why so many of the most powerful supporters of Brexit suddenly began proclaiming that Britain had to leave the EU, the sooner the better. Many of the same Brexit supporters also happen to be named in the Paradise Papers (leaked documents exposing tax-avoiding offshore investors).

As soon as the EU’s tax-avoidance proposal was announced, and even more so when it was ratified, they set about portraying the EU as the great enemy of Britain, an ‘undemocratic elite’ deliberately causing misery for ordinary Brits.

Sadly, many ordinary Brits fell for it.

But then things didn’t quite work out as planned.

After she became the Prime Minister to make Brexit happen, Theresa May spent a long time working out a pragmatic divorce arrangement with the leaders of the EU.

When her Withdrawal Agreement finally came out, however, some Brexiteers were very unhappy with it. Why? Because at the back of the huge document there was a commitment by the British Government to retain the EU’s code of conduct for business taxation, including the new anti-tax avoidance laws.

May was suddenly a ‘traitor’.

But if another Prime Minister could be found … preferably an unprincipled opportunist who will say and do anything to get the job … perhaps he could convince the people of Britain that it would be best to just tear up May’s deal, blame the EU for something-or-other, and then simply wait for Britain to crash out of the EU with no deal whatsoever.

Then there will be no corporate tax laws for the tax avoiders to worry about.

But there’s more to it now than just tax avoidance…


2Free market extremism

In the wake of the global financial crisis of 2007–8, the UK and many other countries went into economic recession. To address the large deficit in government finances, the Conservative Party under David Cameron inflicted a punishing austerity programme on the less well-off, with lower public spending, welfare cuts and frozen benefits.

As the hardship of years of austerity took its toll, some voters put the blame directly on David Cameron’s government. The EU referendum of 2016 then became an opportunity for them to vent their frustration. I do believe that if Cameron hadn’t appointed himself leader of the ‘Remain’ campaign, the referendum result would have been quite different.

Other voters, however, had been led to believe that their financial woes were the fault of the EU and immigrants. This distortion opened up a whole new vista of possibilities for big business.

Immediately after the 2016 referendum result, the free-market think-tank the Centre for Policy Studies (CPS) announced:

“The weakness of the Labour Party and the resolution of the EU question have created a unique political opportunity to drive through a wide-ranging … revolution on a scale similar to that of the 1980s … This must include removing unnecessary regulatory burdens on businesses, such as those related to climate directives and investment fund[s].“

In other words, a return to Thatcherism and Reaganomics with further deregulation of the City (London’s financial centre).

Back to the global recession:

Many blamed the financial crisis on existing soft regulations failing to control irresponsible financiers in the US and UK. Within the EU, the UK’s negative attitude to regulation was seen as a key problem. Concerned about the integrity of the Eurozone, the EU focused on more regulation to curb their activities.[11]

Brexit now promises the UK financial sector free rein by ditching those regulations once and for all. And with corporate-friendly politicians now in Government pursuing a no-deal Brexit, the UK won’t be adopting any EU-like regulations any time soon.

Quite the opposite in fact. [12]

This is why some very powerful businessmen have been sponsoring Brexit — they see it as a means to impose a more extreme free-market ideology on British society.

“There is a reason why the hard Brexiteers cannot coherently explain their vision of Brexit: their chief aim is to break as many things as possible, in the belief that from the rubble might arise a kind of flag-waving, small-state, free-market utopia that even the blessed Margaret might have found unpalatable.”

To gain public support for their project, far-right propagandists like Steve Bannon have been brought in to help demonise the EU in the eyes of British voters and to make a no-deal Brexit seem like some sort of patriotic show of strength rather than an incomprehensible act of self-harm.[13]

Not only that, but during the run-up to the referendum Facebook colluded with the unscrupulous campaign company Cambridge Analytica to target ‘persuadable’ British voters with blatant lies about the EU.

The extensive illegality of the Leave campaign may well be the biggest ever fraud committed against democracy in modern British history.

  • Facebook was fined £500,000 by the Information Commissioner’s Office for its role in the Cambridge Analytica data scandal.
  • The official Vote Leave campaign was fined £61,000 after being found guilty of breaking electoral law during the Brexit campaign.
  • The National Crime Agency is investigating evidence of multiple criminal offences committed by Arron Banks on behalf of Nigel Farage’s Leave campaign.
  • The Information Commissioner’s Office is also looking into illegal data sharing between different Leave campaign groups.
  • The Conservative Government has blocked attempts to reveal the source of campaign donations to their pro-Brexit allies in Northern Ireland, the Democratic Unionist Party.

Because the referendum was only meant to be an advisory vote, however, there are no legal channels to challenge the result.[14]

But that’s still not the worst if it.


3Hedge funds and ‘disaster capitalism

Hedge fund managers are investors who gamble on the economy. They place bets on any economic value that might rise or (ideally) fall, such as the value of sterling.

They hedge their bets to reduce risks — which is ironic, because hedge funds actually caused the 2008 financial crisis by adding too much risk to the banking system. But after all, the world is just one big casino, and any humanitarian disaster or economic crisis is simply a good bet — an opportunity to make a killing.

Some of the leading Brexiteers who have long claimed that leaving the EU will lead to enormous dividends for the UK are, in fact, hedge fund investors seeking enormous dividends for themselves.

This is precisely why they have been actively sponsoring Leave and supporting Boris Johnson to constantly blame the EU for everything and to push for ‘no deal’. They are poised to profit from the inevitable uncertainty and chaos, especially from a no-deal Brexit.

William Rees-Mogg (Jacob’s father) actually wrote a book describing how astute, self-serving investors can thrive on the opportunities provided by social collapse and economic misery. The book’s main message is that what’s bad news for most people is good news for the smartest of speculators. During the inevitable collapse of civilisation, only the ultra-wealthy will inherit the Earth.

The book makes it pretty clear why Jacob — recently promoted to Leader of the House of Commons by Boris Johnson — not only craves Brexit, but also the social damage that is likely to come with it.

Naomi Klein, in her 2007 book The Shock Doctrine, refers to this deeply toxic money-making system as ‘disaster capitalism’.

But why sit around waiting for a natural disaster or economic shock to come along when you can covertly engineer one yourself? If your initial investment is big enough, that will affect the outcome. The very act of placing a massively large bet on something failing tends to make that something seem not worth investing in, thereby creating the very collapse that hedge fund investors have bet on.

“What to do if you are a hedge fund manager down to your last billion? Answer: rig global politics in your favour. If that sounds improbable, remember we are talking about folk capable of shorting* the entire Japanese economy in response to a natural disaster. Hedge fund managers are megalomaniacs. It goes with the territory.”

One of the new EU directives designed to regulate the financial sector, the Alternative Investment Fund Managers Directive (2011), focused on the worst excesses of unscrupulous hedge funds. It addressed everything from their secrecy to how much managers could pay themselves in bonuses.

The adoption of the directive means that hedge funds and private equity will no longer operate in a regulatory void outside the scope of supervisors. The new regime brings transparency and security to the way these funds are managed and operate, which adds to the overall stability of our financial system.

Hedge fund managers in London, who had been used to operating as freewheeling rogues outside the system, took exception to this and began clamouring for Britain to leave the EU. This intensified in 2015 after they were fined by the Greek government for short-selling Greek bank shares, thereby intensifying doubts about Greece’s banking sector precisely when the whole Greek economy was in crisis.

One of these hedge fund managers is Crispin Odey.

Odey routinely bets against the British economy — if UK stocks and share values go down, or if a British business goes bankrupt as he predicted, he wins.

He made £220 million after successfully betting that a Leave result would cause the pound to crash. But then, he had also donated almost £900,000 to the Vote Leave campaign to help get the desired result.

In 2015, Odey donated to Jacob Rees-Mogg’s election campaign. He also helped Rees-Mogg set up his own investment firm, Somerset Capital Management (which has virtually no investments in the UK, but large holdings in Russia).

Odey subsequently donated £10,000 to Boris Johnson’s leadership campaign. He then began publicly calling for people to support Boris Johnson’s no-deal Brexit strategy as the best possible way ahead for Britain. ‘Theresa May wasted three years,’ he says. ‘The only optimism about anything lies in supporting Boris.’[15]

Yet at the same time he has placed a £300 million bet on a no-deal Brexit leading to disaster for many top British companies — but another staggering windfall for himself.[16]

“Odey’s apparent lack of confidence in flagship British firms stands in marked contrast to his fund’s investments in other countries, including France, Germany and the US, where he is mainly backing shares to rise.”

It’s as if Brexit is just a means for predators to separate the UK from the safety of the herd.

And with so many wealthy businessmen sponsoring government ministers to produce the hardest Brexit possible purely for their own financial gain, it really begs the question — who is the current government actually working for?

“Brexit is not a cry for help from the English underclass. It is a carefully stage-managed campaign by global finance capital in the form of the hedge funds. It is being orchestrated out of hedge fund self-interest and the greed of billionaires. Boris Johnson is their front man.”


Conclusion

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2 thoughts on “#Analysis #Brexit: #QuestionIt: Why #Remainers insist #UK is better in the #EU! #FoxesRunningHenhouse

  1. Listen up #BRITS, this article should be compulsory reading by everyone of you. You’re running out of time to stop rich men’s lapdog #BorisJohnson & his minions from destroying your lives and your country perhaps forever, so EDUCATE yourselves with TRUTH in reading this EXCELLENT well-researched but FORMIDABLE piece. This is undoubtedly the most brilliant straightforward article published to date. SUCCINCTLY & PRECISELY EXPLAINING the BLATANT UGLY FACTS of the SLEAZY SCHEMING foundation & agenda of #BREXIT, pushed & supported by the WHITE PRIVILEGED CORPORATE BANKSTERHOOD, #UK’s elite #RulingClass, whose only aim is to get richer and damn the ordinary poor f***ks, the #BRITISH #PEOPLE.

    Like

  2. Reblogged this on | War Crimes International and commented:
    Listen up #BRITS, this article should be compulsory reading by everyone of you. You’re running out of time to stop rich men’s lapdog #BorisJohnson & his minions from destroying your lives and your country perhaps forever, so EDUCATE yourselves with TRUTH in reading this EXCELLENT well-researched but FORMIDABLE piece. This is undoubtedly the most brilliant straightforward article published to date. SUCCINCTLY & PRECISELY EXPLAINING the BLATANT UGLY FACTS of the SLEAZY SCHEMING foundation & agenda of #BREXIT, pushed & supported by the WHITE PRIVILEGED CORPORATE BANKSTERHOOD, #UK’s elite #RulingClass, whose only aim is to get richer and damn the ordinary poor f***ks, the #BRITISH #PEOPLE.

    Like

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