CITY SAID NOT TO FEAR BREXIT

                                                                     

Common sense already tell us not to fear a break-away from Brussels. Britain was always a free trading nation and will be again.

Axel von Schubert, director of Euro-Caribbean Management Service and chief executive of JP Capital Investments has surely more knowledge than many to voice an open and honest opinion.
He mainly points out that first of all the UK will save billions of pounds from not supporting huge EU related regulation.

95 per cent of UK firms do not export to EU but elsewhere. Axel von Schubert admits there will be a short period of turbulence but followed by big benefits and savings to the UK. Stopping EU regulations, fraud and waste of money will benefit UK with billions of pounds.  It would save the UK being made paying  for failing EU schemes such as the euro.

Already in 2006 the EU Commissioner Guenter Verheugen said "The cost of EU regulation was £600billiion, while the  benefits of the Single Market amounted to "£160billion. Therefore, the costs exceeded the benefits by £440billion."

Another example, in 2012 Italy had to pay £307million back after a fraudulent scheme of a motorway but was for the Mafia. This scheme was found out but how many are not? Brussels is notorious for corruption and waste of money.  Auditors have not signed their account for 15 years because of £100billion are missing.

After the Brexit the UK can set its own financial regulation which will bring London back as an international financial powerhouse.

UK exports to the EU is slowing down from 55 per cent to 45 per cent in 2002 and continues to shrink. As the rest of the world markets are growing faster.

Remain campaign sending fear signals of threads of trade wars and risk of UK trade international.  The reality is that 28 countries forced together by tyrannical Brussels regulations show most of them are practically bankrupt. It would be an economical disaster in the long run. A strong pound and a  falling euro will make exports impossible.

The 19 EU members in the eurozone and five are  to follow will force economical stronger members to provide further astronomical sums to aid the new eurozone members and this will backlash into further euro's decline.

Axel von Schubert finalises his very informative report by hoping UK votes for Brexit. After a turbulent renegotiating liberal trade agreements with the EU to avoid high tariffs on UK exports the UK will be one of the EU largest trading partners and therefore have a strong incentive.

The UK has a massive trade deficit with the EU but a surplus with the rest of the World therefore the UK could be EU's single biggest Market.

Source  Evening Standard

WORLD STOCK MARKET CRASH

Another Global Stock Market crash is forecast with China leading the world’s stock market crash by 75 per cent. Even to the ordinary mortal it has not come as a surprise because the stock market shows almost every day a minus.

The Chinese currency crash has had already a great impact on British industry since it can not compete with Chinese low priced export. But in the case of the recent British Steel closure the PM David Cameron could have closed the cheap steel import from China like Germany, Italy and France. They saved their steel industry with it.

Experts predicted a world economic deflation and recession. It would crash the American S&P stock market by 75 per cent.

Albert Edwards from French branch Societe Generale blamed the upcoming “carnage” on American centre bank (FED) and its British and European counterparts for inflated prices to begin with,

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The act of American Quantitative Easing (QE) of printing more money has increased global assets prices which now come to a disastrous fall.

Mr Edwards said: “Investors are coming to terms with what a Chinese renminbe devaluation measure for Western market.

“It means global deflation and recession.

“The commodity bubble and the resultant US shale investment boom were al consequences of the FED’s QE.

“The illusion of prosperity is shattered as the boom now turns to bust.”

My thoughts are ‘would there be a possibility of very top financiers pulling the plug again as it was eventually revealed after the so called “Credit Crunch”?

Could it be because the Chinese became too powerful and starting to overrun American power? After all America aims for world domination and constantly dragging Britain and Europe into it but just to achieve it and at the end the captain of the ship will be American.

If America really trying to crash China and bring the whole world down at the end China’s currency have been backed by the most gold reserve where as America, Britain and Europe’s currencies are backed mostly by paper.

In view of the desperate situation why is America still playing the warlords and spent billion of pounds on weapons forcing the rest of Europe into it?

If the USA have not intervened in Afghanistan, Iraq and Syria the today’s situation with IS would not have come about as our greatest threat of terrorism.

Britain introduced austerity in 2012 pretending to bring down the debts and deficit which they did not and increased it by £500billion instead.

Mr Cameron made sure he got the full backing for air strike in Syria which costs £599,999 each mission. Mr Cameron must have known of the coming financial crisis.  Why was he so determined to get involved?

Is the £28billion Welfare and Public Service cuts to finance those air strikes which does nothing else but creates more enemies for Britain?

In 2013 the MPs voted against any military intervention for which John Kerry US Secretary of State was beating the drums. In September 2014 Mr Cameron took it upon himself to go-ahead to fly RAF bombing missions under the cover of the US, despite MPs voted against it.

It was the biggest shock and surprise when the MPs voted for it because the general public were and are against it.

America with Britain and Europe in tow grew the Talibans, Al Quaeda with its more radical splinter group the IS. They delivered in 2013 missiles and Britain chemicals which can be used to produce chemical weapons. At a time when the full picture already emerged of the ruthlessness of terrorism.

America and the rest of the Western World were financially straggling t survive but keep happily getting involved in wars.

Harold Wilson was the first British Prime Minister refused to get involved in the Vietnam War and look what a life saver that was.

Why can Britain not be neutral like Switzerland? Defending its own borders and let the USA fight their wars.  Investor would come by the thousands because they feel safe.

It would be a complete different picture if Labour leader Jeremy Corbyn were in power.

Incredible news were revealed, Saudi Arabia is in a financial crisis because of the falling oil crisis. The Kingdom has a £66billlion deficit

Oil prices crashed to an 11year low but the British government never forced the energy suppliers to pass the benefit on.  Also the food prices could be lower; plus the petrol prices.

   Daily Express                     

TORIES WHEELS STARTED TURNING ALREADY - Update: 20 May, 2015

UPDATE:  20 May, 2015 -- New Report states that a great number of Community Police Officers are to be axed. They were established to patrol the streets to keep the crime down, to keep in touch with the public and give the real Police Officers more time to deal with bigger crimes. 

Already Tory’s wheels started to turn. It seems they can not wait to turn on the full speed. The last time with the coalition of LibDem, which did stopped the Tories a number of times, they could not so easily put through their many evil plans. Now with having the majority and do not need a Coalition they will be going full speed ahead.

The Daily Mirror already suggested six plans where the Tories will cutback.

1)      Benefit will be capped to £23,000 per year for each family.  It will hit family badly where there are a number of children and it will be the children who will suffer. They were planning this before but the Coalition demanded a £26,000. It will hit families in inner cities where the rents are high.

2)      State will be given new power to invade privacy of ordinary people.  This plan was on the agenda before but the LibDem blocked it. Now the Tories have the majority it will be back. Police will now have power to monitor your browsing and private messages.

3)      Under 21 years will be exempt from claiming Housing Benefit. Charities announced already that this move will get more people homeless and living on the street.  The bedroom tax will help in a roundabout way these youngsters because some families will rent out to cover the tax instead of losing their home.

4)      Referendum on EU membership. Business people already complaining of the uncertainty and it will be two years of expensive time wasting dither.  Well this time they cannot blame Labour. It was the Tories including Cameron who kept announcing it.

5)      Fox hunting will be legalised

6)      Another old dream of Cameron to be revived is changing the constituencies’ borders. The last time again it was LibDem to stop it. This move is obviously in favour of the Tories and already preparing for the next General Election trying to ensure another win.  Labour would lose 20 seats. It would also mean there will be more MPs and more salaries and expenses. At the moment the expense bill was in 2014 for £103million; more than at the peak of the expense scandal in 2009. The austerity is a con to the public. MPs got a 10 percent rise.

Tory’s voters well done but you will not be off the hook because this is only the beginning and the real big bang is still to come from the Department of Work and Pension when Ian Duncan Smith drops his sharpened axe. There is a £12billion cuts prophesied.  It should have made the people prick up their ears especially when the Tories avoided with all their tricks to answer where the axe will fall and for how much.  On a whole they are planning a cut of at least £28billion stated by the Chancellor George Osborne well before the election.

The remaining £16billion of the sum of £28billion will most probably be cuts in council and public service and that will also affect the Tory’s voters who thought joining the elite will give them a winner and exemption from hardship suffered by ordinary people. To some it will be a winner on tax relief if they are in the higher salary bracket.

Another point should be stated about the cons and lies from the Tories about austerity. Convinced the public of the only way to reducing the debts and deficit for introducing austerity. The only thing it reduced was the credit rating for Britain which brought it down to place six. Despite of austerity the Tories managed to add £500billion to the National debts and had the audacity to say that Labour brought them into debts. Labour never made so many debts in all their time they had been in power.

As for accussing Ed  Miliband stabbing his own brother  in the back the Tories are champions in back stabbing the public as well as their own MPs. Did they not promise not to close the A&E in Enfield and then weeks after that Cameron did it. So were all the others closure of A&E but promised before not to. The whole NHS was promised in the last election 2010 and in 2015 again that it would be save in their hands and look back what happened. All the other promises were also never kept and Cameron had the audacity to repeat them.   Is that not the biggest backstabbing there ever was?

As for Labour’s bad economy look at the chart above which is from the Office of National Statistics and even Cameron can not argue with that or white wash. It shows that Labour brought the economy back within a year from -2.5 GDP to +0.5 GDP while the Tories managed to have two recession brought on by them.  The truth is he won on nothing but smears and lies.

By right the General Election should be held again because they won under false pretences and before the Tory run the country completely into the ground.

The tax Credit Cuts were never in their manifesto and their promised to invest  £8billion into the NHS every year which has not happened. are only two of a number of failings.